Business
Charlotte manager seeks to rebrand streetcar
May 13, 2013
(The Charlotte Observer)
Charlotte's new city manager wants to help revive a plan for a 2.5-mile streetcar extension by rebranding it and seeking options to finance it that don't include raising property taxes.
Carolinas HealthCare, Aetna deal puts focus on quality of care
May 13, 2013
(The Charlotte Observer)
A recent deal between insurer Aetna and Charlotte-based Carolinas HealthCare System rewards the health system for improving the quality of care patients, particularly those with chronic illnesses, receive. It comes as insurers are pushing back against the traditional fee-for-service model.
Senate passes bill to make hospital bills more transparent
May 10, 2013
(The News & Observer, Raleigh)
The state Senate passed a bill that would require hospitals to post the prices for 100 common procedures online. The bill also would mandate that hospitals list how much large insurers, Medicaid, Medicare and the uninsured pay for the procedures.
Quintiles has strong first day of trading
May 10, 2013
(The News & Observer, Raleigh)
Pharmaceutical-services giant Quintiles posted a 5% gain at closing on its first day trading on the New York Stock Exchange. The Durham-based company raised about $950 million.
Reynolds American to expand e-cigarattes production
May 10, 2013
(Winston-Salem Journal)
Reynolds American says it plans to expand its production of electronic cigarettes after testing the product in limited markets.
Developer plans to invest $150M in downtown Winston-Salem
May 10, 2013
(Winston-Salem Journal)
Developer Wexford Science & Technology plans to make a second major investment -- $150 million -- in downtown Winston-Salem as it continues investment in its research campus as well as in retail and housing projects.
Greenville manufacturer expanding
May 10, 2013
(The Daily Reflector, Greenville)
Auto-parts maker AMSO North America will expand its Greenville plant, investing $50 million and adding 200 jobs by 2016.
Advisory firm recommends shareholders vote against JPMorgan director from Charlotte
May 10, 2013
(The Charlotte Observer)
A shareholder advisory firm is recommending shareholders vote against re-electing Charlotte businesswoman Crandall Bowles to JPMorgan Chase & Co.'s board of directors. Bowles is a member of the bank's audit committee, which has been criticized for failing to prevent last year's $6 billion trading loss.
Asheville officials push I-26 connector
May 10, 2013
(Asheville Citizen-Times)
Asheville officials hope Gov. Pat McCrory's proposed transportation plan will help complete an Interstate 26 connector that would ease traffic congestion.
McCrory pledges support for offshore drilling
May 10, 2013
(StarNews, Wilmington)
Gov. Pat McCrory has stated his support for offshore drilling in the Atlantic, but any changes in policy would likely be years away.
