Business

Full slate of projects for Yadkin commissioners

February 4, 2016

(Winston-Salem Journal)

On Monday, Yadkin County commissioners will consider business incentives for four projects, including manufacturer Lydall, which is considering a $16 million expansion that would create 48 jobs.

U.S. Bank quietly expands in Charlotte

February 4, 2016

(The Charlotte Observer)

U.S Bank is moving its anti-money laundering division to a larger office in uptown Charlotte that will accommodate 50-75 people, mostly new hires. The bank, part of Minneapolis-based U.S. Bancorp, employs about 400 people in the Queen City, up from about 100 in 2008.

Google Fiber will be free for pubic housing residents

February 4, 2016

(The Charlotte Observer)

Google Fiber will offer high-speed Internet service to residents of public housing at no charge in the cities where its network is available. The tech giant is rolling out its gigabit Internet service in Charlotte and the Triangle, but has not provided specific dates when the service will be available.

Ally's profit jumps 49%

February 3, 2016

(The Charlotte Observer)

Ally Financial CEO Jeffrey Brown, who is based in Charlotte, said in a conference call Tuesday that a variety of factors could be responsible for the company's poor stock performance, including investors' fears of an auto bubble. The Detroit-based bank reported fourth quarter net income of $263 million, compared with $177 million a year ago.

New Bern hospital undergoing $64M renovation, expansion

February 3, 2016

(New Bern Sun Journal)

Projects underway at the 52-year-old CarolinaEast Medical Center will add more than 30,000 square feet of space and renovate 70,000 square feet. Plans include expanding the ER, improving labor and delivery services, and building two new operating rooms and a cancer-treatment center. Work is expected to be complete in late 2018.

Zeek Rewards disbursements total $263.4 million

February 3, 2016

(Winston-Salem Journal)

Attorney Kenneth Bell, the receiver in the $850 million ZeekRewards case, says he has recovered $351.1 million and disbursed $263.4 million to "victims" of the Lexington-based Ponzi scheme ("Bounty hunter," June 2015).

New Belgium pushes back opening of Asheville brewery

February 3, 2016

(Asheville Citizen-Times)

New Belgium has delayed the opening of its $140 million West Asheville brewery by a month. The beer-maker will open its tasting room in March and begin brewery tours in April.

Elkin hospital takes step to stay independent

February 3, 2016

Hugh Chatham Memorial Hospital in Surry County wants to defy the consolidation wave that has left North Carolina with about a dozen independent community hospital. It is among the first two N.C. hospitals to join the Washington, D.C.-based National Rural Accountable Care Organization, a nonprofit that helps smaller hospitals collaborate to become more cost-efficient.

Southern Pines lands on list of America's 50 Best Small Towns

February 3, 2016

(Newsmax)

Southern Pines (population 12,334) in Moore County ranked 25th on a list of the 50 Best Small Towns in America, published by Newsmax, a conservative media organization. Topping the list are Lebanon, New Hampshire; Los Alamos, New Mexico; and St. Augustine, Fla.

Former NationsBank exec joins Raleigh's Paragon Bank

February 3, 2016

(The Charlotte Observer)

Rusty Page is a senior vice president and business-development officer at the Charlotte office of Raleigh's Paragon Bank, which provides private- and commercial-banking services for affluent customers and small and midsized businesses. Page is the former head of investor relations for Charlotte' NationsBank, now Bank of America.