Business

Raleigh's INC Research looks to raise $135M in public offering

October 29, 2014

(The News & Observer, Raleigh)

Raleigh-based INC Research is looking to raise $135 million in an initial public offering, according to a securities filing. The contract-research organization plans to sell 8.1 million shares at $17 to $20 a per share and will use the proceeds to pay down some of its $588 million in debt. INC employs about 5,500 people worldwide, including more than 850 in Raleigh.

Charlotte mulls incentives for Synchrony Financial

October 29, 2014

(The Charlotte Observer)

Charlotte City Council is considering incentives for Synchrony Financial to expand its presence in the Queen City. The financial-services company, a spinoff of GE, could add 125 management jobs with an average annual salary of $125,000 and 275 call-center jobs with an average salary of $27,000.

Duke Energy says Asheville still needs coal

October 29, 2014

(Asheville Citizen-Times)

A Duke Energy spokesman told the Asheville City Council residents would not have enough electricity for daily activities if the company shut down its local coal-fired power plant. Earlier this month, the Sierra Club presented the Charlotte-based utility with a petition signed by local businesses asking for the plant to be closed.

Cone Health ranks highest in patient safety among Triad's large hospitals

October 29, 2014

(Winston-Salem Journal)

Greensboro's Cone Health is the top-ranked large hospital in the Triad when it comes to patient safety, according to the Leapfrog Group's latest semiannual report. The Moses Cone Hospital received an A grade, while Novant Health Forsyth Medical Center and Wake Forest Baptist Medical Center received B grades. Leapfrog reviews 28 measures of patient safety when compiling its report.

Father-son duo accused of stealing $11 million from clients

October 29, 2014

(The Charlotte Observer)

The operators of a Cornelius-based payroll-services company were indicted on charges of stealing at least $11 million from 113 clients. William James Staz, 72 and son James William Staz, 43, used money they embezzled from Employee Services Net to buy a luxury home and a $120,000 Mercedes Benz and on strip-club entertainment and jewelry purchases.

Cape Fear Valley Health could vote tonight on deal with Harnett Health

October 29, 2014

(The Fayetteville Observer)

Fayetteville-based Cape Fear Valley Health System trustees could vote tonight on entering a management agreement with Harnett Health System. Trustees discussed a potential partnership during a closed session two weeks ago. Dunn-based Harnett Health has suffered financially since opening the $56 million Central Harnett Hospital last year.

La-Z-Boy to close division office in High Point

October 29, 2014

(High Point Enterprise)

La-Z-Boy will close its High Point office as a result of a corporate restructuring of its casegoods business. Some of the furniture manufacturer's 38 employees in High Point will be offered positions at the company's Hudson plant.

Triathlon training center planned in Pender County

October 29, 2014

(Greater Wilmington Business Journal)

TriHabitat will open a triathlon training venue on more than 1,000 acres along the Cape Fear River in Pender County. The venue will contain a 25-acre man-made lake, a 14-mile paved bike loop, five stadiums and a lodge and conference center and is expected to open in 2016.

Triad region must adapt to changes in manufacturing industry

October 29, 2014

(News & Record, Greensboro)

A recent White House report highlights some of the Triad region's struggles to maintain and grow its manufacturing workforce, including encouraging young people to pursue careers in the industry.

GE Hitachi lands $300 million nuclear services contract

October 29, 2014

(Greater Wilmington Business Journal)

GE Hitachi was awarded a maintenance and fuel contract totaling nearly $300 million from Chicago-based Exelon Generation. The contract runs through spring 2018. Parent company GE received a $500 million order for gas turbines from Exelon less than a month ago. GE Hitachi is located in Castle Hayne in New Hanover County.