Lumber company expanding in Lexington

September 15, 2015

(The Dispatch, Lexington)

Carter Lumber will open a new manufacturing facility in Lexington where it could create 38 jobs over two years. The privately held Ohio-based company will make trusses, engineered wood products and millwork for builders at the site. Carter has five locations in Charlotte and the Triad.

NC's legal climate ranks among top 10

September 15, 2015

(WRAL TechWire)

North Carolina has the seventh most favorable litigation environment, according to a survey by the U.S. Chamber Institute for Legal Reform. The institute ranked states on treatment of class action suits, damages, mass consolidation suits, scientific and technical evidence, competence of judges, voter fairness and other categories.

Forbes: Carolina Panthers worth $1.56 billion

September 15, 2015

(The Charlotte Observer)

The Carolina Panthers are the NFL's 19th most valuable team, according to Forbes magazine. The report says the team is valued at $1.56 billion, up from $1.25 billion in 2014. The Dallas Cowboys, appraised at $4 billion, ranked at the top of the 32-team list.

Fifth Third Bank looks to serve more eastern NC clients

September 15, 2015

(Greater Wilmington Business Journal)

Fifth Third Bank has expanded its banking-services unit aimed at reaching affluent customers in eastern North Carolina. The Cincinnati-based bank has 56 branches in the Triangle, Charlotte and western N.C.
More Wilmington banking news: CresCom expands loan production, moves to future Wilmington retail location

Chimerix receives $13M federal contract

September 15, 2015

(The News & Observer, Raleigh)

Durham-based Chimerix was awarded $13 million to develop a treatment for smallpox. The federal government will stockpile brincidofovir, an antiviral treatment, as a countermeasure against a potential biological attack.

Hickory's CommScope to acquire Massachusetts-based company

September 15, 2015


CommScope will acquire Chelmsford, Mass.-based Airvana, which provides equipment for wireless coverage inside buildings, for an undisclosed amount. The Hickory-based telecommunications company recently completed its $3 billion acquisition of TE Connectivity's telecom, enterprise and wireless businesses.

BB&T cuts jobs at Susquehanna headquarters

September 14, 2015

(The Winston-Salem Journal)

BB&T Corp. cut at least 89 back-office job positions at the former Lititz, Pa., headquarters of Susquehanna Bancshares Inc. BB&T bought Susquehanna in August for $2.5 billion, its largest bank acquisition. Susquehanna employed about 3,500 employees when the deal closed. BB&T employs more than 3,800 in the Triad.

Former Yadkinville hospital workers sue operator

September 14, 2015

(Winston-Salem Journal)

Three former employees of Yadkin Valley Community Hospital are suing its Kansas City-based operator on behalf of 150 workers who lost their jobs when the hospital shut down in May. The three employees, whose titles were not disclosed, said CAH Acquisition violated federal law by failing to provide a 60-day notice of the layoffs as well as benefits including access to COBRA insurance.

Concord gets $6.4M federal grant for new airport terminal

September 14, 2015

(The Independent Tribune, Concord)

Concord was awarded a $6.4 million grant from the Federal Aviation Administration to build a 25,000-square-foot commercial terminal at Concord Regional Airport. The new terminal will help the airport handle a growing number of passengers since low-cost carrier Allegiant Air began offering service in December 2013.

Figure Eight Island boasts largest concentration of high-value homes in Southeastern NC

September 14, 2015

(StarNews, Wilmington)

Figure Eight Island in northeastern New Hanover County has nearly 500 homes valued at $1 million or more, though properties in the gated community are still a value when compared with other parts of the country, according to a local broker. The most valuable property on the 1,300-acre island is a $6.3 million home owned by John Mack, former CEO of Morgan Stanley.