Business

Eden hospital cuts 22 positions, reduces hours for 160 employees

December 2, 2014

(RockinghamNow.com)

Morehead Memorial Hospital in Eden announced it will cut 22 jobs and reduce hours for 160 staff members. The hospital said it has experienced a 30% decrease in inpatient services over the past three years. Morehead eliminated 22 jobs in May. 

EPA plan draws criticism

December 2, 2014

(The Charlotte Observer)

Charlotte-based Duke Energy and the N.C. Department of Environment and Natural Resources joined other utilities and states in criticizing an Environmental Protection Agency plan to reduce carbon emissions 30% by 2030 compared with 2005 levels. 
Related: Duke Energy names communications chief 

BNC Bancorp completes acquisition of SC bank

December 2, 2014

(Winston-Salem Journal)

BNC Bancorp, parent company of Bank of North Carolina, has completed its $50.6 million acquisition of Charleston, S.C.-based Harbor Bank Group, giving the High Point-based bank a total of 51 branches in the Carolinas. BNC announced in November plans to acquire Valley Financial of Roanoke, Va. for $101.3 million. That deal is expected to close in the second quarter of 2015.

Dominion says pipeline would mean $6M in property-tax payments

December 2, 2014

(The Daily Reflector, Greenville)

The 550-mile proposed Atlantic Coast Pipeline would provide more than $25 million annually in local property taxes –including $6 million in North Carolina – according to estimates from Dominion Resources. Announced in September, the pipeline would bring natural gas from the Marcellus and Utica shale basins to North Carolina, Virginia and West Virginia.

UNC Health Care to break ground on Chatham Park office

December 2, 2014

(WRAL.com)

Construction crews plan to break ground Tuesday at the site of a future UNC Health Care office that will be part of the 7,000-acre Chatham Park development in Pittsboro. Town commissioners are expected to vote as early as next week on the latest proposal for the massive development that will swell the town's population from about 3,000 to more than 60,000.

Raleigh's Eye Care Associates sold to Virginia chain

December 2, 2014

(The News & Observer, Raleigh)

MyEyeDr. acquired Raleigh-based Eye Care Associates for an undisclosed amount. Eye Care Associates was founded in 1978 by Dr. Stephen Bolick and has 27 stores. Vienna, Va.-based MyEyeDr. operates stores in fives states and the District of Columbia.

Longtime Novant Health exec resigns

December 2, 2014

(Winston-Salem Journal)

Sallye Liner will step down as chief clinical officer of Winston-Salem-based Novant Health after four and a half years in the post. A 38-year company veteran, Liner previously served as president of Forsyth Medical Center and was chief operating officer for 11 years.

NC pension fund loses 1% in third quarter

December 1, 2014

(The News & Observer, Raleigh)

North Carolina's pension fund had assets valued at $88.4 billion at the end of the third quarter, down from $90.1 billion at the end of its fiscal year in June. The fund returned 9.4% over the 12-month period that ended Sept. 30, according to a report from the State Treasurer's office.

Charlotte Chamber to modernize uptown HQ

December 1, 2014

(The Charlotte Observer)

The Charlotte Chamber will begin renovations at its uptown headquarters in early December. A visitor information center, which operated in a subleased space on the first floor of the building at 330 S. Tryon St., has relocated to the Charlotte Convention Center. Amelie's French Bakery, which also subleased a space in the building, has moved out and it is unclear if the company plans to open a new uptown location. Construction is expected to be completed by April.

Network aims to revive Western NC's textile industry

December 1, 2014

(Winston-Salem Journal)

The Carolina Textile District – a regional network of more than 80 manufacturers and other businesses – is helping its members pool supply-chain resources and create new jobs in Western North Carolina's textile industry.