Business

Vidant Health, ECU to align programs

March 9, 2016

(The Daily Reflector)

Vidant Health and ECU's Brody School of Medicine will begin integrating patient care operations, clinical operations and clinical research activities throughout eastern North Carolina. The goal is to create a new, national model for providing rural health care while improving care and expanding educational opportunities for future doctors.

Supreme Court rejects BB&T, others in tax case

March 9, 2016

(The Charlotte Observer)

The U.S. Supreme Court rejected three separate appeals by Bank of New York Mellon, AIG and a unit of BB&T. The companies were seeking to overturn previous rulings that invalidated a tax-avoidance strategy developed by Barclays. Winston-Salem-based BB&T was trying to recoup $600 million from the IRS.

Allegiant adds flight from Asheville to Jacksonville

March 9, 2016

(Asheville Citizen-Times)

Low-cost carrier Allegiant announced a new route between Asheville and Jacksonville, Fla. The flight will be available on Mondays and Fridays from May 27 to Aug. 15.

Charles & Colvard sheds home party business

March 9, 2016

(The News & Observer, Raleigh)

Morrisville gemstone maker Charles & Colvard said it has sold Lulu Avenue, its home party business, to Yanbal USA for $500,000. Yanbal USA is a division of Yanbal International, a Lima, Peru-based beauty products company. The home party business accounted for 12% of C&C's sales in the fourth quarter.

Pilots say American Airlines needs a culture change

March 8, 2016

(The Charlotte Observer)

The American Airlines' pilots union sent a letter to CEO Doug Parker describing a "toxic culture" between managers and employees. The pilots complained of payroll and scheduling problems and said the carrier's product is inferior to that of rival Delta Air Lines. The Fort Worth, Texas-based airline operates about 90% of daily flights out of Charlotte.

BioCryst drug shows promise as Zika treatment

March 8, 2016

(WRAL TechWire)

BioCryst Pharmaceuticals said a preclinical study of its experimental antiviral drug showed promising results in combatting the Zika virus in mice.
Also: Here's why BioCryst stock is spiking today

Report fuels speculation of BAT acquistion

March 8, 2016

(Winston-Salem Journal)

A London newspaper reported that British American Tobacco could be preparing for an acquisition, triggering speculation that the tobacco company could be planning a bid for Imperial Brands, which operates ITG Brands in Greensboro, or a majority ownership in Reynolds American. BAT owns 42% of Reynolds.

Durham data-management firm raises $7.5M

March 8, 2016

(WRAL TechWire)

Zaloni Partners raised $7.5 million in a financing led by Sierra Ventures that included Baird Capital. The Durham-based company provides data lake management software and services. A data lake is a repository for large quantities of data.

Even if you find Medicaid boring, take time to read this

March 8, 2016

The term Medicaid induces either boredom or despair. But every N.C. taxpayer should know something about the program that makes up about a third of state spending and covers nearly a fifth of Tar Heel residents.

Luxury home market heats up in Wilmington

March 8, 2016

(Greater Wilmington Business Journal)

Two Wilmington homes with asking prices of more than $5 million were listed in February, one in Landfall and another on Masonboro Sound Road. Only two homes above that price have sold in the area in the last decade.