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.

Victims of Ponzi scheme sue CommunityOne Bank

September 14, 2015

(The Charlotte Observer)

About 30 investors in the Black Diamond Ponzi scheme are suing CommunityOne Bank. The U.S. government said the bank, whose parent company is based in Charlotte, failed to report the $40 million scheme after the bank's computer software detected suspicious activity on mastermind Keith Simmons' account.
Related: "Money for nothing," August 2012

Greensboro continues investigation of former PTP chief executive

September 14, 2015

(News & Record, Greensboro)

The Greensboro Police Department is continuing its investigation of former Piedmont Triad Partnership CEO David Powell. The economic-development group reported in May financial irregularities involving Powell, who resigned in January. Howard Neumann, an assistant district attorney for Guilford County, said the investigation is "complex and time-consuming." The IRS is also auditing documents related to the case.

Guilford mulls incentives for Qorvo expansion

September 11, 2015

(High Point Enterprise)

Greensboro-based semiconductor company Qorvo would invest $25 million and create 100 new jobs through 2018 at its site in western Greensboro. The new jobs would pay an average annual salary of $80,000. Guilford County is considering an incentives request of up to $333,750 for the expansion.

Duke Energy to pay $5.4 million to settle federal lawsuit

September 11, 2015

(The News & Observer, Raleigh)

Charlotte-based Duke Energy agreed to spend $5.4 million to settle a federal lawsuit filed against the company in 2000. The Environmental Protection Agency said Duke illegally modified five power plants, which increased emissions.

Belhaven mayor makes third walk to save rural hospital

September 11, 2015

(The Daily Reflector)

Adam O'Neal, the mayor of the small town of Belhaven in Beaufort County, is walking to Raleigh to try to convince legislators to reopen the former Vidant Pungo Hospital that was closed on July 1, 2014. O'Neal previously completed two walks to Washington, D.C. to raise support for rural hospitals.

Chapel Hill's Rho awarded $157M federal contract

September 11, 2015

(The News & Observer, Raleigh)

Contract-research organization Rho was awarded a 7-year federal contract valued at $157.1 million. The Chapel Hill-based company will coordinate clinical studies for the National Institutes of Health's Institute of Allergy and Infectious Diseases. Rho has 375 employees. About half of its revenue comes from federal contracts.

Wilmington film community encouraged by recent developments

September 11, 2015

(Greater Wilmington Business Journal)

The Wilmington film industry received two pieces of promising news this week. TNT will film a pilot for a drama series starring Downton Abbey actress Michelle Dockery at EUE/Screen Gems Studios, and the General Assembly agreed to award up to $30 million per year in film grants for the next two years.