Business

Shipman to retire as CEO of Cardinal Innovations

May 15, 2015

(The Charlotte Observer)

Pam Shipman will retire as CEO of Kannapolis-based Cardinal Innovations Healthcare Solutions, which oversees government spending for behavioral health in 16 counties. Richard Topping, currently executive vice president, will succeed her on July 1.

Pinehurst to host U.S. Amateur Championship in 2019

May 15, 2015

(The Pilot, Southern Pines)

Pinehurst Resort and Country Club will host the U.S. Amateur Championship for the third time in August 2019, the United States Golf Association announced Tuesday. It will be the 10th USGA championship hosted at the club.
Related: Sure shots: North Carolina's top 100 golf courses, April

NC Research Campus forms educational partnership with Costa Rica

May 15, 2015

(The Independent Tribune)

Costa Rica and the N.C. Research Campus in Kannapolis will form a collaboration to advance research in food science. The agreement, which involves groups from N.C. State and N.C. A&T State University, will allow Costa Rican scientists to train and perform research at the NCRC.

Duke Energy in federal court today for sentencing

May 14, 2015

(WRAL.com)

In a federal court in Greenville Thursday, Duke Energy is expected to plead guilty to nine environmental crimes and will pay $102 million in fines and restitution.

Coca-Cola Bottling continues expansion

May 14, 2015

(The Charlotte Observer)

Charlotte-based Coca-Cola Bottling Consolidated, the largest U.S. independent Coca-Cola bottler, will expand its franchise territory to new markets in 10 states and the District of Columbia.

Randolph megasite taking shape

May 14, 2015

(News & Record, Greensboro)

Triad leaders hope a site of up to 1,800 acres will compete with other megasites in Chatham and Edgecombe counties. On June 1, Randolph County commissioners will consider spending $5.87 million to purchase 170 acres of land. The county paid $4.2 million for 255 acres earlier this year.

Asheville City Council cracks down on short-term rentals

May 14, 2015

(Asheville Citizen-Times)

Members of the Asheville City Council want to toughen enforcement on short-term property rentals gaining popularity through websites such as Airbnb.com, saying the practice turns quiet, residential neighborhoods into noisy hotel districts and reduces affordable housing.

Morrisville's MaxPoint Interactive posts strong results

May 14, 2015

(The News & Observer, Raleigh)

Reporting its first quarterly results since its March IPO, Morrisville-based MaxPoint Interactive said Wednesday revenue increased 87% to $28.7 million, though net loss grew to $8.1 million, compared with $4.2 million a year ago. The digital-marketing company makes software to help advertisers target customers who are likely to buy their products.

BofA shifts real-estate employees to outside firms

May 14, 2015

(The Charlotte Observer)

Bank of America will move several hundred workers from its corporate real-estate group to outside firms CBRE and JLL. The bank said earlier this week that Charlotte-based Lincoln Harris would no longer manage its properties in the Southeast. Los Angeles-based CBRE and Chicago-based JLL will now manage all of BofA's buildings across the U.S. and globally.

Landowners refile lawsuit against Brunswick developer

May 14, 2015

(StarNews, Wilmington)

A group of about 115 landowners refiled a lawsuit claiming a local developer used overvalued appraisals to inflate the value of 62 lots in Brunswick County. The same lawsuit was dropped in April 2014.