Business

National Penn shareholders approve BB&T merger

December 18, 2015

(Winston-Salem Journal)

Shareholders of National Penn Bancshares on Wednesday approved the company's $1.8 billion sale to BB&T, a deal that will give the Winston-Salem-based bank about $220 billion in assets. Though the deal was approved, some shareholders apparently weren't happy with the $13 per share payout or losing their hometown bank. "I almost literally held my nose for this vote," one shareholder told the Allentown (Pa.) Morning Call.

Charlotte's DealCloud raises $5.3M, names new CEO

December 18, 2015

(The Charlotte Observer)

DealCloud, a Charlotte-based software company that provides a platform for streamlining mergers and acquisitions, completed a $5.3 million financing round and named Rick Kushel chief executive officer. Kushel is the former CEO of iLevel Solutions. DealCloud was founded in 2010 by Ben Harrison and Rob Cummings, previously with Falfurrias Capital Partners.

Investors strike down management change at Pittenger's land company

December 18, 2015

(The Charlotte Observer)

Pittenger Land Investments had sought to transfer management of its 52 limited liability companies to a subsidiary of Charlotte-based South Street Partners. The real-estate company plans to meet with key investors to devise a new plan, which could involve a revised agreement with South Street.

Vidant's new CEO likes kale salad — and french fries

December 18, 2015

(Greenville Daily Reflector)

Vidant Health CEO Mike Waldrum, who started at the Greenville-based health care system June 1, describes his favorite foods and exercise regime. Waldrum trained at the Mayo Clinic and is a former CEO at the Univeristy of Arizona Health Network.

Fayetteville looks at economic effects of potential Fort Bragg downsizing

December 18, 2015

(The Fayetteville Observer)

The city of Fayetteville was awarded a $300,000 federal grant to study how a potential loss of troops would impact the city and neighboring counties. The Army announced this summer that Fort Bragg would lose 842 soldiers by the end of 2018.

DuPont layoffs could affect RTP

December 18, 2015

(The News & Observer, Raleigh)

DuPont is undergoing a restructuring that will reduce its global workforce by 10%, but it's unclear what impact that will have on the company's 160 employees at Research Triangle Park. DuPont announced plans to merge with Dow Chemical next week.

Davidson, UNC Chapel Hill rank among best value colleges

December 17, 2015

(News & Record, Greensboro)

UNC Chapel Hill tops Kiplinger's Personal Finance's annual list of best-value public universities for the 15th year in a row. Davidson College was ranked fourth overall for best value while UNC was 10th and Duke University was 11th. Kiplinger's ranking is based on graduation rates, cost, financial aid, student debt and other factors.

UNC Health partners with Goldsboro hospital

December 17, 2015

(The News & Observer, Raleigh)

UNC Health Care will add a ninth hospital to its network when it enters into a management-services agreement with 316-bed Wayne Memorial Hospital in Goldsboro. The Chapel Hill-based health system will provide legal, clinical and other professional services. Wayne Memorial's board will maintain local control.

Vertex delivers first 30 cars

December 17, 2015

(StarNews, Wilmington)

Vertex Railcar CEO Don Croteau said Wednesday the Wilmington company has received an order for 2,800 more cars, bringing total orders to 3,900. Chinese investor Weiping Yu compared Vertex to Michael Jordan, who grew up in Wilmington, predicting the company will make "a great contribution to the rail industry."

Durham drug developer raises $30M

December 17, 2015

(WRAL TechWire)

Novan Therapeutics, a Durham-based biotech firm developing a nitric oxide-based acne treatment, has raised $30 million. That's on top of $50 million the company raised in March. Novan's board includes Robert Ingram, former CEO of GlaxoWellcome, and Cree co-founder F. Neal Hunter.