Business

NC A&T researchers make construction material from coal ash

June 16, 2014

(News & Record, Greensboro)

Over the past 10 years, researchers at North Carolina A&T University have developed an engineering material made of 95% coal ash, though no commercial uses for it have been developed. Eco-Core composite is lightweight, waterproof, fire-resistant and resistant to explosions.

Three jobs announcements planned in SC south of Mecklenburg

June 16, 2014

(The Charlotte Observer)

Local officials from York and Chester Counties in South Carolina, just south of Mecklenburg, are planning three announcements today that could bring thousands of jobs to the area. Two companies will make announcements in York and one in Chester, where the downsizing of Springs Industries has led to huge job losses in recent years.

Financial-services company could triple employment in Charlotte

June 16, 2014

(The Charlotte Observer)

Robert W. Baird & Co. may triple its Charlotte employment over the next five years. The financial-services firm employs 50 there, and CEO Paul Purcell expects Charlotte to be one of the top five growth areas in the country for the next 20 years.

Food Lion parent cutting jobs overseas

June 16, 2014

(The Salisbury Post)

Delhaize Group may cut up to 2,500 jobs in Belgium, where the parent company of Salisbury-based Food Lion operates 147 stores, to reduce costs. Food Lion and Delhaize America would not be affected by the cuts. 

2-megawatt solar farm nears completion in Henderson County

June 16, 2014

(Hendersonville Times-News)

A 13-acre, $5 million solar farm in Henderson County will be generating renewable energy within about 60 days, according to the developer. Meanwhile, two other farms proposed for the county won't be built because of higher-than-expected expenses.

Former CertusBank execs want a jury trial

June 16, 2014

(The Charlotte Observer)

Three co-founders of Greenville, S.C.-based CertusBank who filed a lawsuit over their firings in April want a jury trial, where they can defend their reputations in a public forum. CertusBank was started in Charlotte by former Bank of America and Wachovia executives.

Fayetteville VA Medical Center gets $7.4M to expand services

June 13, 2014

(The Fayetteville Observer)

In an effort to relieve excessive wait times for patients, the U.S. Department of Veterans Affairs approved $7.4 million for the Fayetteville VA Medical Center to extend hours and increase contracts with off-site providers. A nationwide audit recently revealed the Fayetteville VA has the longest wait times in the U.S.

Lenovo expands in Connecticut, could grow in NC too

June 13, 2014

(WRAL TechWire)

Computer-maker Lenovo could expand in North Carolina, according to a company executive. Beijing-based Lenovo, which has its North American headquarters in Morrisville, announced the opening of a 10,000-square-foot office in Danbury, Conn., but the company says that project will not impact its North Carolina operations.

Charlotte's Pamlico Capital to buy South Dakota broadband networks

June 13, 2014

(The Charlotte Observer)

Charlotte-based private equity firm Pamlico Capital will pay $262 million to buy broadband networks in South Dakota from Englewood, Colo.-based Wow Internet, Cable and Phone. 

High Point Kmart store to close in September

June 13, 2014

(News & Record, Greensboro)

Sears Holdings will close a Kmart store in High Point in mid-September, affecting 71 employees. Some eligible workers will be able to apply for positions at other Sears and Kmart stores in the area.