Triangle hiring managers weigh in on college choices

November 6, 2015


Some Triangle hiring managers say a name recognition of a college or university is a factor in recruiting, along with grade point average, internships and participation in study abroad programs.

Belk shareholders approve sale

November 5, 2015

(The Charlotte Observer)

As expected, Belk shareholders approved on Wednesday the company's sale to New York-based private equity firm Sycamore Partners. The $3 billion deal has cleared all regulatory hurdles, Charlotte-based Belk said in a statement, and is expected to close in late November or early December.

Duke Energy drops plan for western NC transmission lines

November 5, 2015

(Mountain Xpress, Asheville)

Following months of public protests, Duke Energy has reconfigured plans to replace its coal-fired power plant in western N.C., and scrapped a plan to build a 45-mile transmission line from Asheville to Campobello, S.C. The utility will replace the coal plant with two smaller natural-gas ones, eliminating the need for the new lines.

Raleigh's Red Hat partners with Microsoft in cloud computing

November 5, 2015

(The News & Observer, Raleigh)

Red Hat is teaming up with Microsoft in a deal that will accelerate the Raleigh-based software company's revenue from cloud-based services, analysts say. The partnership will enable businesses to run Red Hat Enterprise Linux software on Azure, Microsoft's cloud-computing platform.

Old Dominion rededicates Thomasville office

November 5, 2015

(High Point Enterprise)

Old Dominion Freight Line showed off its renovated corporate headquarters Wednesday, a project that added 166,000 square feet and could provide space for 300 additional workers. Revenue for the trucking company has grown from $500 million in 2001 to almost $3 billion in 2015, CEO David Congdon said.

BB&T elevates Bradley, Weaver to exec group

November 5, 2015

BB&T added W. Bennett Bradley and David H. Weaver to its management team, which now numbers 13. It's the first change in the executive group since December 2014. Both Bradley and Weaver are North Carolina natives and veteran BB&T managers.

Wilmington companies rank among best for workplace culture

November 5, 2015

(Greater Wilmington Business Journal)

Banking software company nCino and N2 Publishing, a publisher of community magazines, were ranked on Entrepreneur magazine's list of Top Company Cultures. The rankings were based on 10 core qualities, including innovation, communication, work environment and mission.

UNC Chapel Hill startup accelerator ranks 4th in study

November 5, 2015

(WRAL TechWire)

Launch Chapel Hill, a startup accelerator that is a partnership of UNC Chapel Hill, local governments and the Eric Becker family, was recognized among the five top-performing university business accelerators in North America in a study conducted by UBI Global.

Duke LifePoint acquires hospitals in Hickory, Sanford

November 4, 2015

(Hickory Daily Record)

Duke LifePoint Healthcare will purchase the 355-bed Frye Regional Medical Center in Hickory and the 137-bed Central Carolina Hospital in Sanford. The Tennessee-based company, a joint venture of Duke University and LifePoint Health, operates 12 hospitals, including seven in North Carolina.

BlackRock buys BofA money-market funds unit

November 4, 2015

(The Charlotte Observer)

Bank of America will sell its $87 billion money-market fund business to New York-based asset manager BlackRock. Terms of the deal, which is expected to close in the first half of 2016, were not disclosed.