Business

Asheville restaurant workers look to improve work environment

February 26, 2015

(Mountain Xpress, Asheville)

Restaurant workers in Asheville want to improve working conditions in the area's booming hospitality industry. A group of workers voiced concern about having no sick days, being expected to work off the clock and being required to share tips illegally.

MetLife to pay $123.5M in mortgage settlement

February 26, 2015

(The News & Observer, Raleigh)

MetLife will pay $123.5 million to settle a federal investigation into its mortgage-lending practices. The Justice Department said the company issued hundreds of loans between January 2009 and August 2010 that it knew didn't meet federal requirements, leaving the Federal Housing Authority stuck with the bill when customers defaulted on the loans. MetLife employs about 2,600 in North Carolina.

VF announces location of jeanswear innovation center

February 26, 2015

(Winston-Salem Journal)

VF Corp. said it will open its previously announced jeanswear innovation center at Greensboro's Gateway University Research Park. The Greensboro-based apparel company plans to hire 30 scientists, technical designers and other employees at the center by the end of 2016. N.C. A&T State University and UNC Greensboro are partners in the project.

775K NC residents impacted by Anthem data breach

February 25, 2015

(The News & Observer, Raleigh)

More than 775,000 North Carolina health-insurance customers are among nearly 80 million people affected by the massive Anthem data breach. The world's second-largest insurer said it will offer affected customers free 2-year credit protection and identity-theft insurance. Blue Cross and Blue Shield of North Carolina said more than 180,000 of its former and current customers who used out-of-state health-care services were affected – Anthem processed those claims on behalf of Blue Cross.

$1.2 billion spent on revitalization of downtown Winston-Salem

February 25, 2015

(Winston-Salem Journal)

Since 2000, a total of 88 projects with a combined investment value of $1.2 billion have been completed or are underway in downtown Winston-Salem. Health and technology projects, including the $106 million Wake Forest BioTech Place at Innovation Quarter, represent $445.4 million of the total.

German manufacturer bringing 138 jobs to Mills River

February 25, 2015

(Asheville Citizen-Times)

German manufacturer Raumedic will build its first U.S. plant in Henderson County, creating 138 jobs and investing $26.3 million over five years. The company makes polymer components such as tubing and catheters for the medical and pharmaceutical industries. The new jobs will pay an average annual salary of more than $55,000.

Hanesbrands to acquire SC collegiate-apparel company

February 25, 2015

(Winston-Salem Journal)

Hanesbrands plans to buy Spartanburg, S.C.-based Knights Apparel for $200 million. The company sells T-shirts and other apparel with college sports logos. Its clients include about 400 U.S. colleges and universities, and fiscal 2015 sales are projected to be about $180 million. The deal is expected to close in the second quarter.

New Hanover DA asks state to broaden probe of CFCC

February 25, 2015

(Greater Wilmington Business Journal)

New Hanover County district attorney Ben David has asked the State Bureau of Investigation to broaden its investigation of Cape Fear Community College amid new allegations against former president Ted Spring, who resigned abruptly in January. A member of the board of trustees alleges Spring asked an employee to write a report for him in exchange for consideration for a promotion.

Allegiant adding third Florida route out of Concord

February 25, 2015

(The Independent Tribune, Concord)

Allegiant Air will add twice-weekly, nonstop service from Concord to Fort Lauderdale, Fla., beginning May 8. It's the low-cost carrier's third Florida destination from Concord Regional Airport; Allegiant already has flights to the Orlando and Tampa Bay areas. 

Vidant board approves $320 million bond proposal

February 25, 2015

(The Daily Reflector, Greenville)

Vidant Health approved a $320 million bond proposal that would fund construction of a $194 million cancer center and other projects. The Greenville-based health care system plans to break ground on the cancer center March 20.