Business

Longtime donor gives $16M to NC State vet school

April 28, 2015

(The News & Observer, Raleigh)

The Randall B. Terry Charitable Foundation has given $16 million to N.C. State University's College of Veterinary Medicine. The money will be used for student scholarships, endowed professorships and research. The foundation has donated more than $47 million to the school since 1996.

International Market Centers could raise $185M in IPO

April 28, 2015

(Winston-Salem Journal)

International Market Centers, which owns 6.7 million square feet of furniture-showroom space in High Point, said in a securities filing it plans to price its initial public offering between $12 and $14 a share. The IPO could raise more than $185 million, according to the filing.

CHS strikes deal with UnitedHealthcare

April 28, 2015

(The Charlotte Observer)

Carolinas HealthCare System has reached a deal with UnitedHealthcare that will allow Charlotte-area patients covered under the health-insurance provider to continue receiving care at CHS. The companies' contract expired on Feb. 28 after negotiations to renew it failed. United HealthCare insures more than 1 million people in N.C.

Yadkin Bank to close six branches

April 28, 2015

(The News & Observer, Raleigh)

Yadkin Bank plans to sell or close six underperforming branches in the third quarter as part of a cost-cutting measure. The Raleigh-based bank did not disclose which branches would be affected. The company also said Executive Chairman Joe Towell will become chairman and will no longer be involved in day-to-day operations.
Related: Merger helps send Yadkin Financial net income up almost eightfold

'A Chef's Life' wins Daytime Emmy

April 28, 2015

(Kinston Free Press)

A Chef's Life, the PBS television series directed by Pink Hill native and Durham resident Cynthia Hill and featuring Kinston chef Vivian Howard, won a Daytime Emmy award for Outstanding Directing in a Lifestyle/Culinary/Travel Program.

Duke Energy offers water to families near contaminated wells

April 28, 2015

(The Salisbury Post)

Duke Energy has offered bottled drinking water to 32 families near the Buck Steam Station in Rowan County after test results showed a high level of contaminants in private well water. The Charlotte-based company has said it isn't responsible for the contaminants, which it says are naturally occurring.

Avery Dennison to cut 225 jobs in Lenoir, Greensboro

April 27, 2015

(Winston-Salem Journal)

Avery Dennison will lay off about 225 North Carolina workers as a result of moving manufacturing operations to Honduras and Mexico. The Glendale, Calif.-based company, which makes labels and other packaging materials, will eliminate 142 jobs in Lenoir and 82 jobs in Greensboro.

Another craft brewer eyes Asheville for expansion

April 27, 2015

(Asheville Citizen-Times)

Oregon-based Deschutes Brewery, the nation's sixth largest craft-beer brewer, is looking to build a brewery and distribution center that will allow it to expand in the Southeast and along the East Coast. Deschutes representatives in December visited several Asheville sites, including a 137-acre parcel recently purchased by Buncombe County, and plan to return in May.

Greensboro-area leaders to consider new recruiting agency

April 27, 2015

(News & Record, Greensboro)

Now that the Greensboro Partnership has tapped Mississippi's top business recruiter as its CEO, local government leaders must decide whether to offer financial support to that organization or toward the development of a proposed regional agency some say would be more effective at bringing jobs to the area.

New Bern's redevelopment efforts an 'example' for other towns

April 27, 2015

(New Bern Sun Journal)

Nearly $323.9 million in public and private funds has been invested over the last 35 years in New Bern's downtown, resulting in the creation of 608 jobs. It's the largest investment of any city that participates in the N.C. Main Street program, which was started in 1980 to help revitalize central business districts across the state.