Business

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.

Texas Ebola patient receives Chimerix drug

October 7, 2014

(The News & Observer, Raleigh)

A Liberian man infected with the Ebola virus is being treated with brincidofovir, an experimental drug made by Durham-based Chimerix, at a Dallas hospital. The U.S. Food and Drug Administration approved an emergency request for the drug, which is being tested as a treatment for a variety of viruses.

BofA still largest bank by deposits

October 7, 2014

(The Charlotte Observer)

Bank of America is still No. 1 for deposits among federally insured banks. The Charlotte-based bank's deposits totaled $1.17 trillion as of June 30, according to data released by the FDIC. New York-based JPMorgan Chase took the second-place spot, unseating San Francisco-based Wells Fargo.

Thomas Built Buses looks to expand in High Point

October 7, 2014

(News & Record, Greensboro)

Thomas Built Buses wants local governments to help fund an expansion at its High Point plant that could create 236 jobs. The bus maker would invest $10.5 million at the site, which is located on the Randolph-Guilford county line.

'60 Minutes' to feature Duke Energy in coal-ash report

October 7, 2014

(The Charlotte Observer)

CBS news program "60 Minutes" will feature Duke Energy CEO Lynn Good in an upcoming report about coal ash. Good said in a message to company employees that the Charlotte-based utility felt it was important that the show "hear our perspective about coal-ash management practices."