Business

CommunityOne Bank expanding in Triad

July 3, 2014

(Winston-Salem Journal)

Charlotte-based CommunityOne Bank plans to open a Winston-Salem office and has hired three commercial bankers previously with Greensboro-based NewBridge Bank to increase its presence in the Triad. The community bank has 50 branches and about $2 billion in assets.

Morrisville's Furiex acquired by Actavis subsidiary

July 3, 2014

(The News & Observer, Raleigh)

Forest Laboratories completed its $1.1 billion acquisition of Morrisville-based Furiex Pharmaceuticals Wednesday. The New York-based company was acquired by Dublin-based Actavis in a $25 billion deal on Tuesday.  

Green named new president of Reidsville's Annie Penn Hospital

July 3, 2014

(News & Record, Greensboro)

Debbie Green will become president of Annie Penn Hospital, a member of Greensboro-based Cone Health, and Cone Health Behavioral Health Hospital effective July 13. She replaces Mickey Foster, who became president of The Moses H. Cone Hospital and executive vice president of Cone Health.

Hurricane Arthur moving toward NC coast

July 3, 2014

(The News & Observer, Raleigh)

The entire North Carolina coast is under a hurricane warning as Arthur was upgraded from a tropical storm early Thursday morning. Forecasters expect the storm to pass over the area Thursday evening and Friday morning without causing major damage. Conditions should clear by Friday afternoon in time for the Fourth of July holiday weekend.

Unemployment up, but economy still on track

July 2, 2014

(The Burlington Times-News)

The state's unemployment rate rose to 6.4% in May, up from 6.2% the month before, but the economy is still improving, according to one economist.

Cape Fear area hopes storm moves on by July 4

July 2, 2014

(Wilmington StarNews)

Tropical Storm Arthur poses problems for coastal businesses expecting big hauls during the Fourth of July holiday.

Settlement closes wound for Wake Forest Baptist

July 2, 2014

(Winston-Salem Journal)

Wake Forest Baptist Medical Center agreed to a $280 million settlement from a San Antonio company over a legal dispute involving a wound-treatment device.

Viamet plans IPO

July 2, 2014

(News & Observer, Raleigh)

Durham-based Viamet Pharmaceuticals, a drug developer co-founded by former UNC Chapel Hill chancellor Holden Thorp in 2005, hopes to raise $75 million in a public filing.

Raleigh to relaunch business incubator

July 2, 2014

(News & Observer, Raleigh)

The City Council has decided to relaunch the Raleigh Business and Technology Center. It shuttered the business incubator last year after an audit discovered serious financial problems.

Republic agrees to pay $125 million toward obligations

July 2, 2014

(Winston-Salem Journal)

In an agreement with the N.C. Insurance Department, the parent of Winston-Salem-based Republic Mortgage Insurance Co. has agreed to pay $125 million toward meeting obligations on client claims.