Business

BB&T reports lower first-quarter profits

April 24, 2015

(Winston-Salem Journal)

BB&T reported net income of $488 million in the first quarter, down 1.6% from the previous year. Loan revenue dropped 5.7% to $1.21 billion, while fee revenue increased 7.6% to $997 million.

Mission Health ranked among nation's best hospital systems

April 24, 2015

(Asheville Citizen-Times)

For the fourth consecutive year, Truven Health Analytics named Asheville's Mission Health one of the top 15 health systems in the United States. Mission earned the recognition for its low rate of complications, low death rates and high marks on overall patient satisfaction, among other criteria.

Japanese company moving US headquarters to Cary

April 23, 2015

(The News & Observer, Raleigh)

CBC Americas, a subsidiary of a Japanese company with diverse operations, will move its U.S. headquarters from New York to Cary and open a distribution center in Mebane. The company plans to create 96 jobs and invest $3.5 million in North Carolina over five years.

State officials say legislators need to act on incentives bill

April 23, 2015

(News & Record, Greensboro)

Following reports that North Carolina isn't on the short list for Volvo's proposed U.S. auto plant, N.C. Commerce Secretary John Skvarla said the state won't have what it needs to attract an automaker unless the General Assembly passes legislation that would increase funds for job-development grants.
Related: SC Gov. Haley says she can drive Volvo deal alone

CEO of Extended Stay America earned 32% less in 2014

April 23, 2015

(The Charlotte Observer)

Jim Donald, CEO of Charlotte-based Extended Stay America, earned nearly 32% less in 2014 compared with 2013. Donald joined the company in 2012, the year before it went public ("The Suitcase CEO." August). Shares closed Wednesday at $20.17, slightly above the $20 price when the company went public.

Guilford College cuts 52 positions amid budget shortfall

April 23, 2015

(News & Record, Greensboro)

Facing a $2 million budget deficit due to sagging enrollment, Guilford College will eliminate 40 staff positions and 12 faculty jobs in the fall. President Jane Fernandes said most affected positions are currently vacant, and fewer than 20 people will lose their jobs.

Google launches low-cost wireless plan

April 23, 2015

(WRAL TechWire)

Google has introduced a low-cost wireless phone service that uses both cellular and Wi-Fi networks, similar to Raleigh's Republic Wireless. Project Fi will cost $20 a month, plus $10 per each gigabyte of cellular data.

Cato CEO earned 57% more in 2014

April 23, 2015

(The Charlotte Observer)

John Cato, president and CEO of Charlotte-based retailer Cato, earned $4.57 million in 2014, compared with $2.92 million in 2013. The company said earlier this year its annual earnings for 2014 were the third highest in Cato's history.

Company to create 47 high-paying jobs in Cary

April 22, 2015

(The News & Observer, Raleigh)

Gov. Pat McCrory is expected to announce Wednesday the name of a company that will move its headquarters to Cary, bringing 47 jobs. The Cary Town Council approved $23,500 in incentives for the company, which will invest $1.3 million. Average annual salary for the jobs will be $85,000.

DENR finds contamination at private wells near Duke power plants

April 22, 2015

(The Charlotte Observer)

The state Department of Environment and Natural Resources said 87 of 117 tests of private wells within 1,000 feet of Duke Energy power plants show levels of contamination higher than state standards. Duke says it is likely the contaminants – including iron, manganese and pH – are naturally occurring and not related to plant operations.