Business

Methodist University to offer first doctoral program

November 19, 2014

(The Fayetteville Observer)

Methodist University broke ground in October on a 34,000-square-foot health sciences building where it will offer its first doctoral program. The Fayetteville university will launch its Doctor of Physical Therapy program with 40 students in fall 2015.

BNC Bancorp announces $101M acquisition of Virginia bank

November 18, 2014

(Winston-Salem Journal)

High Point-based BNC Bancorp will acquire Roanoke, Va.-based Valley Financial Corp. for $101.3 million in an all-stock deal. Valley Financial has nine branches in Roanoke and Salem, Va., and $857 million in assets. BNC has 47 branches in the Carolinas and will gain four more when it completes a pending $50.6 million acquisition of Charleston, S.C.-based Harbor Bank Group later this month. 

Lee County residents oppose coal-ash storage plan

November 18, 2014

(The Fayetteville Observer)

About 75 people turned out for a meeting of the Lee County Board of Commissioners Monday to show disapproval of Charlotte-based Duke Energy's proposed plan to store coal ash in five clay pits formerly used by a local brick manufacturer.

Reynolds American to launch cigarette that heats tobacco

November 18, 2014

(Winston-Salem Journal)

Winston-Salem-based Reynolds American will introduce a cigarette that uses a carbon tip to heat tobacco rather than burning it. Revo will launch in Wisconsin in early 2015.

Concord looks to end contract with Duke Energy in 2019

November 18, 2014

(The Independent Tribune)

Concord city officials unanimously approved a decision to pursue a contract with NTE Energy when the city's 10-year contract with Duke Energy ends in 2019. St. Augustine, Fla.-based NTE is a privately held startup company that is building three natural-gas fired power generation plants, including one in Kings Mountain (Statewide, April).

NCAA announces sites for 2016-2018 men's basketball tournaments

November 18, 2014

(News & Record, Greensboro)

Greensboro Coliseum will host first- and second-round games in the 2017 NCAA men's basketball tournament. Raleigh's PNC Arena will host opening weekend games in 2016 and Charlotte's Time Warner Cable Arena will host early-round games in 2018.

SAS to offer software discounts for educators

November 18, 2014

(The News & Observer, Raleigh)

SAS will offer universities and K-12 school districts deep discounts on its analytics software through a contract with a nonprofit organization that assists educational organizations in 41 states. More than 3,000 educational groups worldwide use SAS software for tracking enrollment and retention and for budgeting.

Charlotte asks FAA to rule in airport dispute

November 17, 2014

(The Charlotte Observer)

The city of Charlotte has asked the Federal Aviation Administration to issue a ruling that would allow it to continue running Charlotte Douglas International Airport. An October 13 decision by a Superior Court judge barred a 13-member state-appointed commission from assuming control of the airport.

BofA's rating for community lending downgraded

November 17, 2014

(The Charlotte Observer)

A federal regulator lowered Bank of America's rating for community lending and investing, citing evidence of illegal credit practices such as an April settlement that resolved claims the Charlotte-based bank overbilled customers for identity-protection products. 

Walmart hires 3,000 veterans in NC

November 17, 2014

(The Fayetteville Observer)

Walmart says it has hired more than 3,000 veterans at more than 190 locations in North Carolina over the past 18 months as part of an initiative that guarantees a job offer to any honorably discharged veteran within 12 months of leaving the service.