Business

Transylvania Regional moves birthing services to Mission Hospital

February 10, 2015

(Hendersonville Times-News)

Transylvania Regional Hospital will move its birth-center services to Mission Hospital in Asheville beginning March 5. Dr. Jamie Ramsey, one of two OB-GYNs at the Brevard hospital, said the decision was made to provide a safer birthing process, particularly for high-risk pregnancies and babies that need more specialized neonatology care.

 

Groups call for assessment of Chatham Park's impact

February 10, 2015

(The Herald Sun, Durham)

Five groups want the U.S. Army Corps of Engineers to release an economic-impact statement for Jordan Dam and Lake and the Chatham watersheds before granting Chatham Park permits to begin development. 

Charlotte apartment boom could mean higher vacancy rates

February 9, 2015

(The Charlotte Observer)

Charlotte has more than 10,000 apartment units under construction, but some local real-estate executives say higher vacancy rates are on the horizon. That could mean rental rates will level off as competition increases. 

Prince Charles renovation hinges on tax credit

February 9, 2015

(The Fayetteville Observer)

The developer tasked with rehabbing the historic Prince Charles Hotel in downtown Fayetteville is hopeful Gov. Pat McCrory will persuade the state General Assembly to bring back the historic-property tax credit. The credit, which expired Jan. 1, helped redevelop nearly 2,500 properties in the state between 1998 and 2014. 

Burlington, Chapel Hill named nerdiest cities in NC

February 9, 2015

(The Times News, Burlington)

Real-estate blog Movoto ranked Burlington and Chapel Hill among the top 50 "Nerdiest Small Cities in America." The website considered the number of comic-book stores, video-game stores, hobby shops, computer shops and museums in compiling the rankings. 

BofA's reputation ranks among worst in the U.S.

February 9, 2015

(The Charlotte Observer)

A survey released last week placed Bank of America among the least favorable U.S. corporations. The Harris Poll survey ranked the 100 most visible companies in the nation. New York-based Goldman Sachs had the worst reputation, while Charlotte-based BofA ranked in the bottom 10. 

Guilford commissioners mull changes to incentives policy

February 9, 2015

(High Point Enterprise)

Guilford County commissioners are considering a new economic-development incentives policy that would require a business to create at least 50 jobs that pay 100% of the county's average wage. The commissioners will take up the issue at a work session later in the year.

Morrisville-based SciQuest beats earnings estimates

February 9, 2015

(The News & Observer, Raleigh)

Morrisville-based SciQuest reported fourth-quarter revenues that beat analysts' expectations. The software company, which added 17 new customers in the quarter, also posted net income of $200,000 compared with a loss of $1 million in the fourth quarter of 2013. The company's stock is down 38% over the past year (NCtrend, September 2014)

Chiquita leaving Charlotte by year-end

February 9, 2015

(The Charlotte Observer)

Chiquita Brands International has begun layoffs in Charlotte, and the produce company plans to leave the city by the end of 2015, sooner than previously announced. The produce company said last month it would move its headquarters over 12 to 18 months after it was acquired by two Brazilian companies for $631 million.

Quintiles founder steps down as chairman

February 9, 2015

(WRAL TechWire)

Dennis Gillings will step down as chairman of Durham-based Quintiles later this year. Gillings co-founded what is now the world's largest contract-research organization more than three decades ago. He will remain a member of the board.