Business

Ally promotes 2nd Charlotte-based executive

March 25, 2015

(The Charlotte Observer)

Charlotte-based Diane Morais will become CEO and president of Ally Bank, a subsidiary of Detroit-based Ally Financial. Morais led the bank's deposits business and has held senior positions at Bank of America. Ally Financial, which employs about 800 people in Charlotte, last month promoted Charlotte-based Jeffrey Brown to CEO.

RDU fares poorly in report on Internet access

March 25, 2015

(WRAL TechWire)

Raleigh-Durham International Airport ranked 40th out of 50 major airports in a report on performance of wireless Internet and phone service. Research firm Root Metric tested upload and download speeds, Internet browsing and other data to compile the rankings. Charlotte Douglas International ranked 23rd.

3 workers killed at Raleigh construction site

March 24, 2015

(The News & Observer, Raleigh)

Three workers were killed and another was injured Monday when a scaffolding platform fell to the ground at a construction site in Raleigh. Raleigh-based Dominion Builders is developing the 11-story Charter Square building on Fayetteville Street.

BB&T joins coalition seeking to change regulation

March 24, 2015

(The Charlotte Observer)

BB&T joined nine other financial institutions in forming a coalition that opposes Dodd-Frank Act requirements for regional banks. The Washington, D.C.-based Regional Bank Coalition argues that regional banks have business models more akin to community banks and shouldn't face the same regulation as the largest U.S. banks.

GSK cutting 180 jobs at RTP

March 24, 2015

(The News & Observer, Raleigh)

GlaxoSmithKline will lay off 180 workers in its commercial business division at Research Triangle Park. The United Kingdom-based pharmaceutical company said in December it was cutting about 900 jobs in research and development, but about half of those workers shifted to jobs at at new business unit GSK formed with Paraxel. GSK employs more than 5,000 in North Carolina.

Guilford commissioners study transition plan for prison farm

March 24, 2015

(The Times-News, Burlington)

Guilford County commissioners will consider a plan that would allow local farmers to lease land and greenhouses at the site of the 806-acre prison farm located in Alamance and Guilford counties. County leaders in 2013 proposed developing the site for advanced manufacturing and data centers (Statewide, March 2015), though that plan has not moved forward, Commissioner Alan Branson said.

ClubCorp adding NC golf courses

March 24, 2015

Dallas-based ClubCorp is buying golf courses near Winston-Salem and Charlotte as part of a $44 million package that includes six clubs.

Movement Mortgage breaks ground on South Carolina HQ

March 24, 2015

(The Charlotte Observer)

Movement Mortgage broke ground Monday on its new headquarters in Indian Land, S.C. South Carolina awarded the mortgage company started by former Carolina Panther Casey Crawford $53 million in incentives to bring 650 jobs there. The company will move 200 jobs from its Charlotte office. Related: "Catching a Break," July 2014.

NC tech companies to present at Southeast Venture Conference

March 24, 2015

(Greater Wilmington Business Journal)

Wilmington-based nCino and Next Glass are among 50 high-growth tech companies that will present at the Southeast Venture Conference, which will be held March 31-April 1 in Charlotte. More than 100 venture-capital and private-equity investors are expected to attend. Other North Carolina-based companies who will present include Winston-Salem-based Clinical Ink, Charlotte-based T1Visions and Durham-based Windsor Square.

Charlotte's SPX appoints IBM executive to board

March 24, 2015

(The Charlotte Observer)

Charlotte-based SPX named IBM's Anne Altman to its board of directors. Altman is general manager of U.S. Federal and Government Industries at the Armonk, N.Y.-based tech company. SPX makes engineered products for the food and beverage industry, oil and gas processing, and other industries.