Business

Bank of America to pay $783 million in settlement over credit card add-ons

April 10, 2014

(The Charlotte Observer)

Bank of America will pay $738 million to credit-card customers who were misled about credit protection and identity-theft protection programs and $45 million in penalties in a settlement with the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency.

Related: The Charlotte-based bank will cut 3,000 overseas jobs that provided back-office services, customer support and information-technology services. Some of the work may move to offices in Charlotte.

AT&T hopes to bring gigabit Internet service to parts of Triangle, Triad

April 10, 2014

(The News & Observer, Raleigh)

AT&T plans to install a new fiber network that will allow it to offer gigabit Internet service that is about 20 times faster than most broadband service in Carrboro, Cary, Chapel Hill, Durham, Raleigh and Winston-Salem.

Small group of doctors get large share of Medicare payments

April 10, 2014

(The Charlotte Observer)

A New York Times analysis of 2012 Medicare data shows that about 2% of doctors received about $15 billion of the $77 billion total government payout. Fifteen Mecklenburg County doctors received more than $1 million in payments. 

CEO of Durham-based Chimerix leaves abruptly

April 10, 2014

(The News & Observer, Raleigh)

Durham drug-maker Chimerix announced that Michelle Berrey has replaced CEO Kenneth Moch. Chimerix made headlines last month when a critically ill 8-year-old's family led a social-media campaign urging the company to give him an experimental antiviral drug. Details about Moch's sudden departure were not available.

PBS series filmed in Kinston wins Peabody Award

April 10, 2014

(StarNews, Wilmington)

The PBS series featuring Kinston chef Vivian Howard and the restaurant she co-owns with Ben Knight, Chef and the Farmer, won a Peabody Award, which recognizes excellence in broadcasting. A Chef's Life joins top-rated TV shows including ABC's Scandal and AMC's Breaking Bad in receiving the awards, which will be presented at a May 19 ceremony in New York. 

Sierra Nevada plans Aug. 3 grand opening of Henderson County brewery

April 10, 2014

(Hendersonville Times-News)

Sierra Nevada will host a grand opening celebration at its Mills River brewery Aug. 3, capping off a 15-day Beer Camp Across America tour, a series of beer festivals that will kick off in its hometown of Chico, Calif.

Walsh resigns as CEO of Wilmington's AAIPharma

April 10, 2014

(Greater Wilmington Business Journal)

The chief executive of Wilmington-based AAIPharma Services Corp. has stepped down. Patrick Walsh led the company through its merger with Wisconsin-based Cambridge Major Laboratories last year, and had planned to leave the position after the transition. Susan Nestegard was named interim CEO.

Comedy featuring Kristen Wiig, Allison Janney to film in Wilmington

April 10, 2014

(Greater Wilmington Business Journal)

A new movie titled The Heart, starring Kristen Wiig, will film in Wilmington. Pre-production of the comedy, which will also star Allison Janney and Sam Rockwell, is set to begin in May.

Natural-products industry growing in Asheville

April 10, 2014

(Asheville Citizen-Times)

Over the past three years, 15 new natural-products manufacturers have established businesses in the Asheville area, bringing 48 full-time jobs.

 

Auto-parts maker adding 228 jobs at Catawba County plant

April 9, 2014

(The Charlotte Observer)

GKN Driveline will invest $113 million and create 228 new jobs over four years at its plant in Catawba County. The auto-parts manufacturer makes all-wheel drive systems, transmissions and other components for automakers including BMW, Chrysler, Ford and General Motors.