Business

UNC launches user-friendly website for online programs

September 18, 2014

(The News & Observer, Raleigh)

The UNC system launched a redesigned website this month with a goal of attracting more students to its online courses and programs. UNC Online trails other southern states in percentage of classes delivered by e-learning and has lost students to for-profit schools in recent years.

Dominion to hold public meetings on pipeline project

September 18, 2014

(The Fayetteville Observer)

Richmond, Va.-based Dominion Resources will hold a series of public meetings in Eastern N.C. next week for residents to learn more about the proposed Atlantic Coast Pipeline. Meetings will be held in Pembroke, Fayetteville, Smithfield, Nashville and Weldon.

Noble Cider expanding, moving to West Asheville

September 18, 2014

(Asheville Citizen-Times)

Asheville-based Noble Cider will open a new 80-barrel cidery and taproom in early 2015. The craft-cider maker will move into a 9,000-square-foot building in West Asheville. The new space will allow Noble, which uses North Carolina-grown apples, to increase annual cider production from 14,000 gallons this year to at least 40,000 gallons. 

Painter named managing partner of Plexus Capital

September 18, 2014

(The News & Observer, Raleigh)

Plexus Capital, an investment firm with offices in Charlotte and Raleigh, named Michael Painter managing partner. Painter, 40, is one of the firm's original co-founders and is based in Raleigh. He succeeds Bob Anders, who will remain a full-time partner.

High Point furniture company committed to keeping local jobs

September 18, 2014

(High Point Enterprise)

Edward Ferrell + Lewis Mittman, which employs 85 at its high-end furniture manufacturing plant in High Point, remains committed to keeping manufacturing jobs here rather than following the industry trend of moving production overseas.

Cone Health cuts Medicare readmissions

September 18, 2014

(News & Record, Greensboro)

Readmissions of Medicare patients have fallen at Cone Health, saving the Greensboro-based hospital system $21 million over 18 months. The Affordable Care Act began in 2012 requiring hospitals to cut Medicare readmissions or pay a penalty.

Report: NC entrepreneurs raised $266 million in first half of 2014

September 17, 2014

(The News & Observer)

North Carolina startups raised $266 million during the first half of 2014 − up 31% from a year ago − according to a report from Triangle-based Council for Entrepreneurial Development. The entrepreneur support group included venture capital, angel investors and government and nonprofit grants in its calculations. 

Cumberland County postpones decision on proposed chicken plant

September 17, 2014

(The Fayetteville Observer)

After failing to reach an agreement over incentives for Sanderson Farms' proposed $113 million chicken-processing plant, Cumberland County commissioners decided to put the project on hold. The plant would create 1,000 jobs in Fayetteville, though many residents and property owners are against it due to concerns over property values and environmental impact.

Bank of America, BB&T pass midyear stress tests

September 17, 2014

(The Charlotte Observer)

Charlotte-based Bank of America, San Francisco-based Wells Fargo & Co. and Winston-Salem-based BB&T all reported they have passed midyear stress tests, which show they would be able to maintain minimum capital ratios in the event of an economic downturn.

Tobacco farmers face end of buyout program

September 17, 2014

(The News & Observer, Raleigh)

The last checks from the tobacco buyout program will be distributed to about 425,000 farmers and landowners in October. Though many tobacco growers have gotten out of the business, those who remain are thriving due in part to a strong export market.