Business

NC companies make Fortune list of best companies for millennials

June 24, 2015

(Fortune)

Cary-based SAS and Kimley-Horn and Associates and Matthews-based Elevation Church were among the top 50 on Fortune magazine's inaugural list of Best Workplaces for Millennials. The list was based on survey responses from nearly 90,000 employees under age 35..

Google begins building fiber network in Charlotte

June 24, 2015

(The Charlotte Observer)

Google said it has begun construction of its high-speed Internet fiber network in northern parts of Charlotte and Mecklenburg County, though the company declined to provide a timeline for completion.
Related: Google to begin construction of Triangle fiber-optic network

Charlotte wins bid to host 2017 NBA All-Star Game

June 23, 2015

(The Charlotte Observer)

Charlotte will host the 2017 NBA All-Star Weekend, an event that attracts thousands of basketball fans from across the country. Other cities that have hosted the game have seen an economic impact of around $100 million. Charlotte City Council last fall approved spending $27.5 million over five years for renovations at Time Warner Cable Arena, which will host the February event.
Related: Charlotte businesses could see sales boost from 2017 NBA All-Star Game

Wilmington's Live Oak Bank files for IPO

June 23, 2015

(Greater Wilmington Business Journal)

Live Oak Banshares plans to raise $86.2 million in an initial public offering, according to a statement filed with the Securities and Exchange Commission. The parent of Wilmington-based Live Oak Bank, an SBA lender, filed for an IPO last April but changed its plans after receiving an investment from Boston-based Wellington Management.

MetLife unveils $110M Cary campus

June 23, 2015

(The News & Observer, Raleigh)

The Cary campus of insurer MetLife is now officially open. The New York-based company unveiled two buildings on 26.5 acres where it employs more than 1,000 people. Raleigh-based Highwoods Properties built the $110 million campus. MetLife announced in 2013 it was adding more than 2,600 jobs in Cary and Charlotte; the company was awarded more than $94 million in incentives.

BB&T acquires The Bank of Kentucky

June 23, 2015

(Winston-Salem Journal)

BB&T completed its $363 million purchase of The Bank of Kentucky, gaining about $1.9 billion in assets and 32 branches. One of the offices is in Cincinnati, where CEO Kelly King said BB&T will look to add more branches. The Winston-Salem-based bank is still awaiting regulatory approval of its planned $2.5 billion acquisition of Pennsylvania-based Susquehanna Bancshares, which is expected to close in the third quarter.

Charlotte's Allen Tate dies at 84

June 23, 2015

(The Charlotte Observer)

Allen Tate, who founded a Charlotte-based residential real-estate firm that now has about 40 offices in the Carolinas, died Monday after years of declining health. He was 84.

UNC Hospitals prepares to open Hillborough campus

June 23, 2015

(The Times-News, Burlington)

UNC Hospitals will open its new 68-bed medical center in Hillsborough in August. The emergency department will open July 6. The 256,000-square-foot facility will employ about 450 people. The Hillsborough campus was created to move less complicated cases from UNC's main hospital in Chapel Hill.

Former Cisco exec named CFO of Red Hat

June 23, 2015

(The News & Observer, Raleigh)

Raleigh-based software company Red Hat named Frank Calderoni executive vice president and CFO. Calderoni was CFO of California-based Cisco Systems for seven years and was named one of Institutional Investor magazine's Best CFOs in the U.S. from 2012 to 2014. He replaces Charlie Peters, who is retiring.

A-B Tech closing Enka campus

June 23, 2015

(Asheville Citizen-Times)

Asheville-Buncombe Technical Community College will close two buildings on its Enka campus by the end of September as part of a cost-cutting effort. The Enka campus houses programs including a small business incubator and craft beverage institute; President Dennis King said the school will try to relocate as many programs as possible.