Business

Carteret County's oldest restaurant is for sale

April 13, 2015

(Cateret County News-Times)

The owners of Capt. Bill's Restaurant have decided not to open for the summer season and have listed the business, which first opened in 1938, for sale. John and Diane Poag have owned the waterfront restaurant since 1982 and are retiring.

Yadkin Financial raises executive pay

April 13, 2015

(Winston-Salem Journal)

Joseph Towell, executive chairman and former CEO of Yadkin Financial, received a 17% salary increase in 2014 and earned $874,688 in total compensation. Scott Custer, who became CEO following the bank's July merger with Raleigh-based VantageSouth Bancshares, received $666,865 in total compensation.

Novant, BCBS offer 'bundled payment' for knee surgeries

April 13, 2015

(The Charlotte Observer)

Novant Health will offer a bundled-payment option for knee-replacement surgery that includes doctors' office visits and physical therapy. Under the arrangement, which is only available to Blue Cross and Blue Shield of North Carolina customers, patients will receive one bill for services related to the procedure.

Lees-McRae to expand athletic complex

April 13, 2015

(The Avery Journal-Times, Newland)

Lees-McRae College in Banner Elk plans to add an indoor training facility, a media room and a renovated student recreation center as part of an expansion to its athletic-complex. The projects will be funded with private donations and partnerships and are expected to be complete by fall 2015.

Bojangles' IPO could alter growth plans

April 10, 2015

(The Charlotte Observer)

Charlotte-based Bojangles' says it can double its presence in the Southeast, where it now operates more than 600 restaurants, but will it feel pressure to expand beyond the region once it becomes a public company?

Lenovo gains market share in PCs

April 10, 2015

(The News & Observer, Raleigh)

While overall demand for PCs has weakened, Lenovo increased its worldwide market share to 18.9% in the first quarter, up from 17% a year ago. The Beijing-based company, which employs about 3,800 in North Carolina, also showed gains in the United States, where it ranks No. 4 with an 11.8% market share.

Charlotte's Duke Energy appeals $25M fine

April 10, 2015

(The News & Observer, Raleigh)

Duke Energy filed an appeal Thursday requesting that $25.1 million in fines over groundwater contamination at its Sutton power plant in Wilmington be dismissed. The fines, imposed last month by the N.C. Department of Environment and Natural Resources, set a state record as the largest-ever penalty for environmental damage.

Millsaps leaving post at nonpartisan research center

April 10, 2015

(The Daily Reflector, Greenville)

Linda Millsaps is stepping down as executive director of the nonpartisan North Carolina Center for Public Policy Research after seven months on the job.

NewBridge names regional real-estate chief

April 10, 2015

(StarNews, Wilmington)

Greensboro-based NewBridge Bank tapped Senior Vice President Hunter Gallimore as head of commercial real estate in Wilmington and eastern North Carolina.

Peele out as SunTrust's Charlotte region president

April 10, 2015

(The Charlotte Observer)

Bill Peele has left his position as president of the Charlotte region for Atlanta-based SunTrust Banks. The company declined to provide more details about his departure.