Business

Hospitality industry watches, waits after shark attacks

June 16, 2015

(Greater Wilmington Business Journal)

Town governments and real-estate rental agencies along the North Carolina coast have had a few inquiries following recent shark attacks at Oak Island and Ocean Isle Beach, though vacationers don't seem to be canceling their summer beach plans.

Wake Forest Baptist receives $20M for cancer research

June 16, 2015

(Winston-Salem Journal)

Wake Forest Baptist Medical Center received $20 million from an anonymous donor to research the use of a type of muscadine grape extract as a treatment for cancer. Native to the southeastern U.S., the muscadine grape contains high levels of antioxidants.

Blue Cross and Blue Shield to offer Triangle-only health plan

June 16, 2015

(The News & Observer, Raleigh)

Blue Cross and Blue Shield will launch a lower-cost ACA health-insurance plan available only to residents of seven counties in the Triangle. Costs were not disclosed, though the company said monthly premiums under the limited-network plan will be about 15% lower than its most comprehensive state plans.

Strata Solar hiring 200 in Fayetteville

June 16, 2015

(The Fayetteville Observer)

Strata Solar is looking to hire 200 workers to build solar farms in Robeson and Scotland counties. The Chapel Hill-based company plans to build 30 farms in the state next year.

AT&T rolls out ultra-fast Internet in Charlotte

June 16, 2015

(The Charlotte Observer)

AT&T launched its GigaPower Internet service in parts of Charlotte on Monday, offering speeds up to 100 times faster than most services.

Belhaven mayor repeats 300-mile walk to support rural hospitals

June 15, 2015

(WRAL.com)

Adam O'Neal, the mayor of Belhaven in Beaufort County, is completing his second, 300-mile walk to Washington on Monday and plans a news conference to urge Congress to help save 283 rural hospitals in danger of closing. Belhaven's Pungo District Hospital was shuttered in 2014 after it was acquired by Greenville-based Vidant Health.

Volvo considered three sites in NC for auto plant

June 15, 2015

(The News & Observer, Raleigh)

Volvo looked at three North Carolina sites before deciding last month it would build its new $500 million auto plant near Charleston, S.C. The Swedish automaker seemed particularly interested in a site near Rocky Mount, according to records released from the N.C. Department of Commerce.

Reynolds diversifies offerings with Lorillard purchase

June 15, 2015

(Winston-Salem Journal)

Reynolds American CEO Susan Cameron said the Winston-Salem tobacco company now owns a "dream portfolio" of brands following Friday's $29 billion acquisition of Greensboro-based Lorillard.

HQs exit Triangle as M&A activity heats up

June 15, 2015

(The News & Observer, Raleigh)

Since December, Four Triangle-based companies – Salix Phamaceuticals, Square 1 Bank, Stock Building Supply and The Pantry – have announced they are being acquired or merging with other companies, causing hundred of layoffs and leaving the area with fewer headquarters.

Analysts: Sale to private equity most likely for Belk

June 15, 2015

(The Charlotte Observer)

Analysts say it's most likely that Belk will be sold to a private-equity firm, though it's possible another department-store chain, such as Cincinnati-based Macy's, could buy the Charlotte-based retailer. A third, less likely option, is that the Belk family would maintain ownership. Belk said in April it had hired Goldman Sachs to evaluate options, which could include a potential sale of the company.