Business

Amazon fulfillment center buzzes 24 hours a day

June 2, 2015

(The Charlotte Observer)

Seattle-based Amazon now has 360 workers at its Concord distribution center and is still hiring. Workers at the center sort e-commerce orders by zip code before they are sent to the U.S. Postal Service for delivery to customers. The system speeds delivery and reduces shipping costs.

Methodist University to offer degree in engineering

June 2, 2015

(The Fayetteville Observer)

Methodist University will accept at least 30 students in the inaugural class of students in a new engineering program. The Fayetteville university will offer a bachelor of science in engineering beginning in the fall of 2016.

Vertex Rail donates $15K to feed hungry students

June 2, 2015

(StarNews, Wilmington)

Vertex Rail has donated $15,000 to a nonprofit organization that provides food to underprivileged students in New Hanover County. Vertex plans to create 1,300 jobs at a railcar manufacturing plant in Wilmington.

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.