Business

BofA's Finucane says bank is a simpler, better company since financial crisis

March 10, 2015

(The Charlotte Observer)

Bank of America's global chief strategy officer Anne Finucane said in a Bloomberg interview that the Charlotte-based bank "is a better bank" and is much more transparent than it was before the financial crisis. 

Fayetteville officials oppose Cary's plan to take water from the Cape Fear

March 10, 2015

(The Fayetteville Observer)

State environmental officials gave Cary preliminary approval to remove an additional 9 million gallons a day from the Cape Fear River to accommodate water demand. Opponents in Fayetteville worry the request will affect water quality and availability downstream and will set a precedent for other growing Triangle communities. 

Sierra Nevada opens restaurant, taproom

March 10, 2015

(Asheville Citizen-Times)

Sierra Nevada will open its new restaurant and taproom Tuesday in Mills River. Adjacent to its Henderson County brewery, the restaurant will seat more than 400 people. Outdoor dining will be available later this year, along with a music hall and amphitheater.

Patheon to acquire Oregon pharmaceutical company

March 10, 2015

(The News & Observer, Raleigh)

Durham-based Patheon announced it will acquire Agere Pharmaceuticals, a Bend, Ore.-based company that will help it improve drug-absorption rates in patients. It's Patheon's second acquisition announced in the past week; the company said last week it was buying South Carolina-based drugmaker IRIX for an undisclosed amount. 

Asheville could ban electronic cigarettes

March 10, 2015

(Asheville Citizen-Times)

Asheville City Council is scheduled to vote Tuesday on banning the use of electronic cigarettes on buses, in parks and in other local government buildings. If the ban is approved, violators could be fined $50.

Mercedes Benz plant, 1,300 jobs heading to SC

March 9, 2015

(The Charlotte Observer)

Mercedes Benz Vans, a division of Germany-based Daimler AG, will build an assembly plant for its Sprinter vans in North Charleston, S.C., and create 1,300 jobs. The company will begin construction next year on the $500 million plant, which will be built on 200 acres adjacent to an existing assembly plant where it employs 140 people.

Triad leaders assemble land for megasite

March 9, 2015

(Winston-Salem Journal)

Mike Solomon, economic development director for the Timmons Group, helped Triad leaders identify an 1,800-acre site in Randolph County that could attract an auto manufacturer. County commissioners spent $4.7 million last month to purchase the first 255 acres. 
Related: NC shifts into overdrive in effort to land auto plant

Mission Hospital asks patients to go elsewhere

March 9, 2015

(Asheville Citizen-Times)

Mission Hospital said Friday it was at capacity and asked patients – other than the critically ill – to seek medical care at primary-care physicians' offices or urgent cares if possible. The Asheville-based health system extended office hours at several primary-care locations to handle the large number of patients.

Growth picking up at NC Research Campus

March 9, 2015

(The Salisbury Post)

David Murdock's $15 million annual contribution, announced last year, will allow his namesake research institute in Kannapolis to expand the scope of its work. North Carolina A&T University and Duke University are expanding their laboratory space at the research campus, which was announced in 2005 and has grown slower than expected, in part due to the economic recession that began in December 2007.

Duke Energy's Carter joins Bank of America

March 9, 2015

(The Charlotte Observer)

Bank of America named Brett Carter chief operating officer for its Global Technology and Operations unit, which is headed by Charlotte-based Cathy Bessant. Carter was senior vice president of Duke Energy Carolinas and was chairman of the Charlotte Chamber in 2013.