Business

Cone Health announces $100 million plan for new projects

September 29, 2014

(News & Record, Greensboro)

Cone Health will spend $100 million to relocate its Women's Hospital to a new 50,000-square-foot addition at its main Greensboro campus and build a new Behavioral Health Hospital. Both projects are expected to be completed by 2019. 

 

Announcement planned for Durham redevelopment project

September 30, 2014

(WRAL TechWire)

Developers will unveil plans for the "Durham Innovation District" on Wednesday, a downtown project with 1.7 million square feet of office space plus apartments and retail. The project, which will have an emphasis on life-science companies, is led by Boston-based Longfellow Real Estate Partners and Hank Scherich, founder and president of Durham-based Measurement Inc.

Restructuring leads to 130 job cuts at Mission Health

September 29, 2014

(Asheville Citizen-Times)

Mission Health has cut 130 jobs, mostly at its main hospital in Asheville, but plans to add 147 jobs next year to accommodate growth in outpatient services. The changes are part of a reorganization that aims to cut $42 million in costs while increasing revenue by $10 million. Mission employs about 10,000 people at six hospitals and additional locations in Western N.C.

Monroe airport prepares for international flights

September 30, 2014

(The Charlotte Observer)

The Charlotte-Monroe Executive Airport in Union County will become the first general aviation airport in the Carolinas to add a U.S. Customs and Border Protection service, allowing international flights to land there. The service will debut as early as mid-November.

Murdock to announce "gift in perpetuity" to research institute

September 30, 2014

(The Salisbury Post)

David Murdock, chairman and CEO of Dole Food Co., will announce an ongoing gift to the Kannapolis research institute he founded. Murdock has invested more than $800 million in the North Carolina Research Campus he established in 2005, which is home to the the David H. Murdock Research Institute and about 20 academic, technology and health-care organizations.

BofA fined $7.6 million for overstating capital ratios

September 30, 2014

(The Charlotte Observer)

Bank of America will pay a $7.65 million penalty over its miscalculation of capital ratios in a securities filing earlier this year. The Charlotte-based bank said the accounting errors stemmed from its 2009 acquisition of Merrill Lynch.

New hospital in Hoke County nears completion

September 30, 2014

(The Fayetteville Observer)

A new 41-bed hospital is expected to open in Hoke County in February, and administrators are busy recruiting physicians, nurses and other hospital personnel. Hoke Healthcare is owned by Fayetteville-based Cape Fear Valley Health.

Allergan shareholders urge board to delay decision on Salix acquistion

September 30, 2014

(The News & Observer, Raleigh)

Two of Allergan's largest shareholders sent letters to the company's board advising them against making a deal to acquire Raleigh-based Salix Pharmaceuticals before a Dec. 18 shareholder meeting. The Irvine, Calif.-based company is said to be pursuing the Salix acquisition to fend off a hostile takeover by Canada-based Valeant Pharmaceuticals.

Family Dollar: States plan to investigate Dollar General deal

September 30, 2014

(The Charlotte Observer)

In a filing with the Securities and Exchange Commission, Family Dollar says several state attorneys general have told the Matthews-based retailer they will investigate a potential merger with Dollar General over effects the combined company would have on competition.

Wall promoted to senior VP at NewBridge Bank

September 30, 2014

(Winston-Salem Journal)

Greensboro-based NewBridge Bank named Trent Wall senior vice president. A commercial loan officer with 10 years of experience, Wall will be in charge of business development for the Winston-Salem area.