Business

Kannapolis looks at building downtown baseball stadium

March 26, 2015

(Independent Tribune, Concord)

Kannapolis City Council approved spending $20,000 for a study on the economic impact of building a downtown baseball stadium for the city's minor-league team. City leaders are trying to decide whether to renovate the existing 20-year-old stadium or build a new one that could also host concerts and other events.

Red Hat reports strong fourth quarter

March 26, 2015

(The News & Observer, Raleigh)

Raleigh-based Red Hat reported fourth-quarter revenue of $463.9 million, beating analysts' projections of $456.4 million. Revenue for the full year increased 17% to $1.79 billion. The software company also announced that its board of directors approved a stock buyback of up to $500 million.

Winston-Salem psychiatric hospital seeks to expand

March 26, 2015

(Winston-Salem Journal)

Old Vineyard Behavioral Health Services in Winston-Salem wants to add 60 inpatient psychiatric beds, an expansion that would give it a total of 52 child and adolescent and 104 adult inpatient beds. If approved by state regulators, the 43,000-square-foot expansion will cost $13.8 million.

Asheville takes a closer look at plans for whitewater park

March 26, 2015

(Asheville Citizen-Times)

Asheville City Council will allow staffers to examine plans for a whitewater park for kayakers on the French Broad River. Park advocates spoke out in support of the $1.8 million facility, which would be privately funded.

Wells Fargo cutting 1,142 mortgage workers; impact minimal in Charlotte

March 26, 2015

(The Charlotte Observer)

Wells Fargo will lay off 20 mortgage workers in the Charlotte region as part of nationwide job cuts that will affect 1,142 workers. It's a small percentage of the San Francisco-based bank's Charlotte workforce, which totals about 23,000.

Campbell University expands health campus with new nursing school

March 26, 2015

(The News & Observer, Raleigh)

Campbell University broke ground Wednesday on a $22 million building that will house the Catherine W. Wood School of Nursing, which already has 110 students enrolled in pre-nursing seminars. The new building also will include space for physical therapy, occupational therapy and medical research programs. The Buies Creek university has established six health-care degree programs in the last five years.

Salem College halfway to goal in capital campaign

March 26, 2015

(News & Record, Greensboro)

Salem Academy and College in Winston-Salem has raised $30.3 million toward its $60 million goal in a capital campaign.

Duke Energy to contest $25 million DENR fine

March 25, 2015

(The Charlotte Observer)

Duke Energy will appeal a $25.1 million fine levied by the N.C. Department of Environment and Natural Resources for groundwater contamination at its coal-fired power plant in Wilmington. The agency has said it expects to impose more fines for contamination at other plants.

NC chefs named James Beard finalists

March 25, 2015

(The News & Observer, Raleigh)

Only one North Carolina chef was named a finalist for the James Beard Foundation awards' Best Chef in the Southeast: John Fleer of Rhubarb in Asheville. PBS TV show A Chef's Life, which features Kinston chef Vivian Howard ("Recipe for Recovery," October 2014), is up for three awards, including Television Program and Outstanding Personality or Host.

Vertex Rail awaits regulations, infrastructure improvements

March 25, 2015

(StarNews, Wilmington)

Vertex Rail CEO Don Croteau said he expects about half of the projected 1,300 jobs at the company's rail-car manufacturing site in Wilmington will be filled by July or August, though the company has only hired eight or 10 people. New federal tank-car safety regulations are expected to be released in May, and the company is also waiting for construction of a rail spur.