Business

NC Bankers Association names new president

October 8, 2014

(The News & Observer, Raleigh)

The N.C. Bankers Association named Peter Gwaltney president and CEO effective Jan. 2. Gwaltney, 51, has been CEO of a Memphis, Tenn.-based foundation for the past seven years and was chief executive of the Louisiana Bankers Association from 1999 to 2006. He replaces Thad Woodard, who has led the Raleigh-based trade group since 1997 and is retiring (Statewide, June).

British tire company plans Davie retreading plant

October 8, 2014

(Winston-Salem Journal)

Dunlop Aircraft Tyres plans to open a 108,000-square-foot plant and create at least 40 jobs in Davie County by early 2016. The Birmingham, England-based company, which retreads tires used on aircraft, would invest $8.2 million in equipment and building upgrades. Davie County and the town of Mocksville approved an incentive package totaling about $212,000.

Columbus County awards $1.8M to get railroad running again

October 8, 2014

(The Fayetteville Observer)

The Columbus County Board of Commissioners approved $1.8 million in incentives for an unnamed buyer who plans to restore the Carolina Southern Railroad, which has been idle for three years. Horry County, S.C. is considering an identical tax incentive.

State SAT scores up slightly, still below US average

October 8, 2014

(The News & Observer, Raleigh)

Average SAT scores for public high school seniors were up 2 points over last year, but the scores were still below the national average. Combined average score for North Carolina public school students was 1468, compared with the national average of 1471. Chapel Hill-Carrboro schools had the highest average in the Triangle region at 1753. 
Related: Average SAT score edges up in Charlotte-Mecklenburg Schools

Wal-Mart cuts health benefits for 30,000 part-time workers

October 8, 2014

(The Charlotte Observer)

Wal-Mart Stores will no longer offer health insurance to about 30,000 employees who work less than 30 hours a week and plans to increase premiums and out-of-pocket costs for all workers participating in its health plans. The Bentonville, Ark.-based retailer has ranked at the top of Business North Carolina's annual list of largest private-sector employers since 2002 (cover story, February 2013).

Raleigh-based CRO files for IPO

October 8, 2014

(The News & Observer, Raleigh)

INC Research hopes to raise as much as $150 million in an initial public offering, securities filings show. The Raleigh-based contract research organization, which employs 5,400 people in 50 countries, plans to use proceeds to pay off debt.

Convergys to hire 400 at Charlotte call center

October 8, 2014

(The Charlotte Observer)

Cincinnati-based Convergys will hire 400 full-time workers at one of its two Charlotte call centers. The customer service company employs 1,200 in Charlotte. 

Study: Charlotte airport lacks high-end amenities

October 8, 2014

(The Charlotte Observer)

A recent survey found that Charlotte Douglas International Airport lacks amenities such as gyms and light-rail access it needs to remain competitive with other major hubs. The airport tied for last among the nation's 20 largest airports in the study conducted by Global Gateway Alliance.

Shelby residents oppose local solar projects

October 8, 2014

(The Shelby Star)

Solar is booming in North Carolina, but many Cleveland County residents still have a "not in my backyard" mentality toward the projects. City and county officials rejected two proposed solar projects last month after property owners voiced concern about appearance and potential effects on property values.

Three Family Dollar execs get retention awards

October 8, 2014

(The Charlotte Observer)

Matthews-based Family Dollar Stores said it will give three top executives retention awards to stay with the company through December 2015. CFO Mary Winston, executive vice president for store operations Barry Sullivan and general counsel James Snyder will receive awards totaling $550,000.