Business

North Carolina CEO pay rises 14%

June 16, 2014

(The Charlotte Observer)

Median pay rose 14% in 2013 for CEOs of the top 50 publicly traded companies based in North Carolina. Generally, more executives now are being compensated through salary and stock awards rather than stock options. Robert Niblock, CEO of Mooresville-based Lowes Inc., earned the most at more than $18 million in total compensation.

New Durham-based venture-capital firm raises $26M

June 16, 2014

(The News & Observer, Raleigh)

Bull City Venture Partners plans to announce today it has raised $26 million from investors including Red Hat, Cisco Systems and Blue Cross and Blue Shield of North Carolina. The new Durham-based venture capital fund, founded by two members of Raleigh-based Southern Capital Ventures, exceeded its target by nearly $1 million.

Pipeline projects could cool interest in fracking

June 16, 2014

(The News & Observer, Raleigh)

Two proposed natural gas pipeline projects could slow interest in hydraulic fracturing. Duke Energy and Piedmont Natural Gas jointly solicited proposals for a new pipeline through central N.C., and Richmond, Va.-based Dominion Resources is also considering a new pipeline in the I-95 corridor.

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.