Business

BofA fined $30M for debt-collection practices

June 1, 2015

(The Charlotte Observer)

Bank of America will pay a $30 million fine to the U.S. Treasury to settle claims it violated consumer-protection laws for military personnel and used unsafe debt-collection practices. The Charlotte-based bank also was ordered to provide remediation to about 73,000 military customers.

Reynolds' Vuse is nation's top-selling e-cig

June 1, 2015

(Winston-Salem Journal)

Almost a year after its national rollout, Reynolds American's Vuse electronic cigarette has a 35.7% U.S. market share, according to Nielsen data, which is based primarily on convenience-store sales. Lorillard's blu eCigs was second at 22.7%.

NC Ports to post strong year-end results

June 1, 2015

(StarNews, Wilmington)

Container traffic increased almost 20% at North Carolina's ports during the first 10 months of the 2014-15 fiscal year. Net income through April was $3.1 million, compared with a projected loss of $100,000.

Shaw alumna named university president

June 1, 2015

(The News & Observer, Raleigh)

Tahsni Dubroy will become the 17th president of Shaw University, the first historically black university in the South, beginning Aug. 1. A Shaw alumna, Dubroy was previously assistant to the president for process optimization and chair of the department of natural sciences and mathematics.

I-485 completion could trigger development boom in north Charlotte

June 1, 2015

(The Charlotte Observer)

The last leg of Interstate 485 opens Friday, and at least one developer already has plans underway for a mixed-use project along the 5.7-mile stretch.

Wilmington native to become CEO of Dollar General

June 1, 2015

(Greater Wilmington Business Journal)

Wilmington native Todd Vasos will become CEO of Dollar General, the company said Thursday. Vasos was chief operating officer of the Goodlettsville, Tenn.-based discount retailer, which last year attempted an unsuccessful takeover of Family Dollar Stores. He replaces Rick Dreiling, who is retiring.

NC Bankers Association announces new board of directors

June 1, 2015

(Winston-Salem Journal)

Bob Hatley, president and CEO of Raleigh-based Paragon Bank, was named chairman of the N.C. Bankers Association for 2015-16. BNC Bancorp CEO Rick Callicutt will become vice chairman.

World's largest pension fund may divest shares of Duke Energy

May 29, 2015

(The Charlotte Observer)

A finance committee has recommended the Norway Government Pension Fund Global divest its shares in Duke Energy and other companies that receive more than 30% of revenue from coal.

Top tech companies ask legislators to keep green-energy policy

May 29, 2015

(WRAL TechWire)

Apple, Facebook and Google sent a joint letter to N.C. Senate leader Phil Berger and N.C. House Speaker Tim Moore urging the legislators not to change a requirement that utilities must obtain increasing amounts of energy from renewable sources through 2021. The three tech companies say they built data centers in the state because of its green energy policies.

Officials work to reopen hospital in Yadkinville

May 29, 2015

(Winston-Salem Journal)

Yadkin County commissioners say state health regulators are helping them work on a solution to reopen Yadkin Valley Community Hospital, which was abruptly shut down last Friday. State and local officials are working with representatives from Hugh Chatham Memorial Hospital, which may acquire the license for the 20-bed hospital.