Business

SC employees sue Sealed Air over bonus pay

July 10, 2015

(The Charlotte Observer)

Two employees at Sealed Air's manufacturing plant in Spartanburg, S.C., filed a class action lawsuit against the company, claiming they were denied bonus pay after the company changed its method for calculating year-end bonuses.

Financial firm adding 316 jobs in Charlotte

July 9, 2015

(The Charlotte Observer)

Austin, Texas-based Dimensional Fund Advisors will open an East Coast headquarters in Charlotte, creating 316 jobs with an average annual salary of $147,025, more than double Mecklenburg County's average. The financial-services firm could receive up to $18 million in state and local incentives.

AAI Pharma looks at expanding in Wilmington

July 9, 2015

(StarNews, Wilmington)

AAI Pharma might add 50 jobs with an average annual salary of $77,000 in Wilmington. The city and New Hanover County are considering $500,000 in incentives for the pharmaceutical company to expand, contingent on AAI Pharma investing at least $20 million.

Peace University hires new president

July 9, 2015

(WRAL.com)

Brian Ralph was named president of William Peace University in Raleigh. Ralph comes from Queens University in Charlotte, where as vice president for enrollment management he helped increase undergraduate enrollment by more than 60%.

Buncombe adding fewer middle-class jobs

July 9, 2015

(Asheville Citizen-Times)

Asheville and Buncombe County added fewer middle-class jobs over the last five years when compared with jobs in the highest and lowest wage ranges, according to a new report. Nearby Henderson County experienced identical job growth across all three wage ranges.

CommunityOne expands to SC

July 9, 2015

(The Charlotte Observer)

CommunityOne Bancorp plans to open in August a commercial loan production office in Charleston, S.C., its first location outside of North Carolina. Charlotte-based CommunityOne operates 45 branches across the state.

Leapfrog releases new hospital survey results

July 9, 2015

(Winston-Salem Journal)

Wake Forest Baptist Medical Center earned the highest score in two hospital prevention and safety categories in a 2014 survey released by the Leapfrog Group.

Coca-Cola Consolidated adding 140 jobs in Charlotte

July 8, 2015

(The Charlotte Observer)

Coca-Cola Bottling Co. Consolidated is expanding in Charlotte. The soda company's largest independent bottler will create 140 jobs at a call center and move 160 existing employees from its SouthPark headquarters to a new location on W.T. Harris Blvd.

Regulators OK BB&T's purchase of Susquehanna

July 8, 2015

(Winston-Salem Journal)

BB&T is expected to complete its acquisition of Pennsylvania-based Susquehanna Bancshares Aug. 1. Winston-Salem-based BB&T received federal regulatory approval for the $2.5 billion cash and stock deal on Tuesday.

BCBS eligible for $295 million in ACA payments

July 8, 2015

(The News & Observer, Raleigh)

Blue Cross and Blue Shield of North Carolina, the state's largest health insurer, qualified for almost $295 million in reinsurance payments under the Affordable Care Act for 2014, according to a report released last week. The Chapel Hill-based company is seeking a 25.7% average rate increase for individual policies under the ACA. A spokesman from the N.C. Department of Insurance said insurers could make adjustments to rate requests now that the federal information is available.