Business

BofA ranks lowest in customer satisfaction for fourth straight year

November 19, 2014

(The Charlotte Observer)

Bank of America ranked lowest among large U.S. banks in the American Customer Satisfaction Index and is the only large bank whose customer-satisfaction rating remains below pre-recession levels. Its score of 69 out of a possible 100 is unchanged from last year. The index is part of a annual report compiled by Ann Arbor, Mich.-based market-research firm ACSI.

Foam manufacturer closing Edgecombe County plant

November 19, 2014

(Rocky Mount Telegram)

Nomaco will close its 500,000-square-foot foam-manufacturing plant in Tarboro in July 2015. About 80 of the company's 106 employees will be eligible to apply for jobs at its headquarters in Zebulon. The company makes insulation products for the construction industry, foam for use in bedding and home furnishings and other commercial products.

NC legislature to draft regulations for Uber, Lyft

November 19, 2014

(The News & Observer, Raleigh)

State legislators will consider new regulations for ridesharing companies such as Uber and Lyft when the General Assembly reconvenes in January.

Bill Gates' foundation provides financial support for Chimerix drug

November 19, 2014

(WRAL TechWire)

The Gates Foundation will contribute $5.7 million to help ramp up production of brincidofovir, an antiviral drug produced by Durham-based Chimerix that is being tested in confirmed Ebola patients in West Africa.

Duck Head retail store to open in Greensboro on Black Friday

November 19, 2014

(News & Record, Greensboro)

Prospect Brands will open a Duck Head flagship store in downtown Greensboro on Nov. 28, or Black Friday. Prospect acquired the 150-year-old apparel brand in 2013 and set up its headquarters in Greensboro. A grand-opening celebration will be held on Dec. 6-7.

Chiquita CEO could get $15.4M payout after acquisition

November 19, 2014

(The Charlotte Observer)

Chiquita CEO Ed Longeran could receive a golden parachute worth $15.4 million if he loses his job after Brazilian companies Cutrale and Safra Group acquire the Charlotte-based produce company. The new owners haven't said if they will move jobs from Chiquita's Charlotte headquarters, where the company employs about 320, when the deal closes, which could be by year-end.

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.