Business

Wilson's FCC petition draws comments from telecom leaders

September 8, 2014

(The Wilson Times)

About 150 comments have been filed with the FCC since the City of Wilson asked the federal agency to overturn a state law that would allow it to expand its Greenlight broadband network beyond county lines. Netflix wrote in favor of the city's request, while AT&T, CenturyLink and USTelecom opposed the petition.

Reynolds American calls for ban on vapor e-cigarettes

September 8, 2014

(Winston-Salem Journal)

Reynolds American wants the Food and Drug Administration to ban the use of vapor electronic cigarettes, which the company says are subject to tampering and offer fruit and candy flavors which appeal to youth and children. 

 

Wells Fargo could add more branches in Charlotte, Triangle

September 8, 2014

(The Charlotte Observer)

Wells Fargo may add bankers and branches in the Charlotte, Raleigh and Charleston, S.C. markets over the next three to five years. Rick Redden, regional president for the Carolinas, says those regions are adding new households at a faster rate than the U.S. average.

Morrisville tech firm secures $10 million in financing

September 8, 2014

(The News & Observer, Raleigh)

Netsertive, a Morrisville-based digital marketing company, has secured more than $10 million in new financing, including more than $7 million from Durham-based Square 1 Bank. The company, whose clients include Electrolux, Chrysler and Samsung, plans to use the money to invest in technology and personnel.

New Hanover Regional to acquire SEAHEC

September 8, 2014

(StarNews, Wilmington)

New Hanover Regional Medical Center will acquire SEAHEC, a continuing education center for Southeastern N.C. health-care professionals. NHRMC will gain 25 physicians and more than 100 additional employees when the deal is completed.

Shareholders approve RF Micro-TriQuint merger

September 8, 2014

(News & Record, Greensboro)

Shareholders approved Greensboro-based RF Micro's planned $1.5 billion acquisition of Hillsboro, Ore.-based TriQuint Semiconductor. The deal is expected to close by year-end.

Electrolux said to be near $2.5 billion deal to buy GE's appliance business

September 5, 2014

(The Charlotte Observer)

Electrolux is close to a deal to buy General Electric's appliance business for $2.5 billion, Reuters reports. The Swedish appliance maker has its North American headquarters in Charlotte, where it is undergoing an expansion that will double the size of local operations.

Judge sends three to prison in 'Black Diamond' fraud case

September 5, 2014

(The Charlotte Observer)

A federal judge sentenced three hedge-fund managers to prison for their involvement in the "Black Diamond" Ponzi scheme (cover story, August 2012) that bilked 400 people, including many from Western N.C., out of $40 million. 

Belhaven revokes building permit for 24-hour Vidant clinic

September 5, 2014

(The Daily Reflector, Greenville)

The town of Belhaven revoked a building permit for Vidant Health's proposed 24-hour health-care center and helipad. The Greenville-based hospital system is involved in a legal battle with the town, which wants to assume ownership of and reopen the shuttered Vidant Pungo Hospital. 

Related: Pungo parties spar in Greenville

Price of Charlotte streetcar project grows to $150 million

September 5, 2014

(The Charlotte Observer)

The anticipated cost of Charlotte's controversial 2.5-mile streetcar extension has risen from $126 million to $150 million, largely due to inflation. The City Council will vote Monday on whether to apply for a grant from the U.S. Department of Transportation that would cover half of the cost of the project.