Business

Wells Fargo cutting 1,142 mortgage workers; impact minimal in Charlotte

March 26, 2015

(The Charlotte Observer)

Wells Fargo will lay off 20 mortgage workers in the Charlotte region as part of nationwide job cuts that will affect 1,142 workers. It's a small percentage of the San Francisco-based bank's Charlotte workforce, which totals about 23,000.

Campbell University expands health campus with new nursing school

March 26, 2015

(The News & Observer, Raleigh)

Campbell University broke ground Wednesday on a $22 million building that will house the Catherine W. Wood School of Nursing, which already has 110 students enrolled in pre-nursing seminars. The new building also will include space for physical therapy, occupational therapy and medical research programs. The Buies Creek university has established six health-care degree programs in the last five years.

Salem College halfway to goal in capital campaign

March 26, 2015

(News & Record, Greensboro)

Salem Academy and College in Winston-Salem has raised $30.3 million toward its $60 million goal in a capital campaign.

Duke Energy to contest $25 million DENR fine

March 25, 2015

(The Charlotte Observer)

Duke Energy will appeal a $25.1 million fine levied by the N.C. Department of Environment and Natural Resources for groundwater contamination at its coal-fired power plant in Wilmington. The agency has said it expects to impose more fines for contamination at other plants.

NC chefs named James Beard finalists

March 25, 2015

(The News & Observer, Raleigh)

Only one North Carolina chef was named a finalist for the James Beard Foundation awards' Best Chef in the Southeast: John Fleer of Rhubarb in Asheville. PBS TV show A Chef's Life, which features Kinston chef Vivian Howard ("Recipe for Recovery," October 2014), is up for three awards, including Television Program and Outstanding Personality or Host.

Vertex Rail awaits regulations, infrastructure improvements

March 25, 2015

(StarNews, Wilmington)

Vertex Rail CEO Don Croteau said he expects about half of the projected 1,300 jobs at the company's rail-car manufacturing site in Wilmington will be filled by July or August, though the company has only hired eight or 10 people. New federal tank-car safety regulations are expected to be released in May, and the company is also waiting for construction of a rail spur.

Cary's Dude Solutions acquires Toronto-based software company

March 25, 2015

(The News & Observer, Raleigh)

Dude Solutions is acquiring Toronto-based Windmill Software for an undisclosed amount. Windmill offers a software product that adds support for functions at senior-living centers. The Cary-based software firm, which received a $100 million private-equity investment last year, also has another deal in the works, CEO Kent Hudson said.

3 NC hospitals name head of shared-services group

March 25, 2015

Former Novant Health executive Mark Tribbett was named president of a new shared-services company owned by Wake Forest Baptist Medical Center, Vidant Health and WakeMed Health & Hospitals.

Truliant adds 10 branches in Charlotte

March 25, 2015

(The Charlotte Observer)

Winston-Salem-based Truliant Federal Credit Union announced an $11 million expansion in Charlotte that will create 120 jobs. The expansion includes four recently opened branches and six additional branches that will open by the end of 2016.

Ally promotes 2nd Charlotte-based executive

March 25, 2015

(The Charlotte Observer)

Charlotte-based Diane Morais will become CEO and president of Ally Bank, a subsidiary of Detroit-based Ally Financial. Morais led the bank's deposits business and has held senior positions at Bank of America. Ally Financial, which employs about 800 people in Charlotte, last month promoted Charlotte-based Jeffrey Brown to CEO.