Business

Mihal named new president of Forsyth Medical Center

June 2, 2014

(Winston-Salem Journal)

Denise Mihal becomes president of Forsyth Medical Center today. The Newark, N.J. native will be the sixth female hospital president at Winston-Salem-based Novant.

Asheboro medical-devices plant to close; 635 workers affected

May 30, 2014

(Winston-Salem Journal)

Arrow International will close its Asheboro plant by 2017 and 635 people will lose their jobs. The company, which makes medical devices including cathethers and surgical kits, is moving production to Mexico. Arrow is owned by Wayne, Pa.-based Teleflex Inc.

St. Augustine's announces furloughs, restructuring

May 30, 2014

(The News & Observer, Raleigh)

St. Augustine's University will eliminate 4% of its workforce and convert 10% of jobs from year-round to 10-month positions. The university also announced one-week furloughs for employees. The changes will save the struggling school $1 million. 

Movie based on 1997 Loomis Fargo robbery to film in NC

May 30, 2014

(Asheville Citizen-Times)

Zach Galifianakis, Owen Wilson and Kristen Wiig will star in a movie set to film in Asheville. "Loomis Fargo," which will also film in Wilmington for a couple of weeks, is based on the 1997 robbery of the Loomis Fargo & Co. vault in Charlotte. Production is scheduled to begin July 7.

Construction begins on SouthPark office buildings

May 30, 2014

(The Charlotte Observer)

Charlotte real-estate firm Lincoln Harris has begun construction on two 10-story office towers in Charlotte's SouthPark neighborhood. The first 240,000-square-foot tower will be completed in late 2015. An anchor tenant has not been named.

N.C. A&T foundation worker charged with embezzlement

May 30, 2014

(News & Record, Greensboro)

An employee at N.C. A&T University Foundation has been charged with embezzling about $400,000 over three years. Former Director of Accounting Shirlye Grandy was charged with embezzlement, obtaining property by false pretenses, corporate malfeasance and computer fraud.

 

First Tennessee Bank buying 13 BofA branches

May 30, 2014

(Winston-Salem Journal)

Memphis-based First Tennessee Bank says it will acquire 13 branches from Charlotte-based Bank of America for an undisclosed amount. All of the branches are in east and middle Tennessee.

Durham startup markets fraud-detection app

May 30, 2014

(WRAL.com)

Durham-based CertiRx Corp. has developed a mobile phone app that detects fraud on drug packaging and academic documents.

NC House approves fracking bill

May 29, 2014

(The News & Observer, Raleigh)

The state House voted 63-52 Wednesday in favor of a bill that will allow the state to issue permits for fracking 61 days after new rules are approved. A final vote, likely to be held Thursday, is needed to approve the bill.

Dominion proposes pipeline to service Virginia, NC

May 29, 2014

(The News & Observer, Raleigh)

Richmond, Va.-based Dominion Resources wants to build a 450-mile pipeline to bring natural gas from the Appalachian Basin in West Virginia to parts of North Carolina and Virginia. The proposed pipeline, which would run through both states to Lumberton, would be operational by the end of 2018.