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Manufacturer plans to bring 1,300 jobs to Wilmington

November 12, 2014

(Greater Wilmington Business Journal)

A company that will make tank cars, boxcars and hoppers is expected to announce on Thursday plans to create about 1,300 jobs in Wilmington. Vertex Rail Manufacturing will occupy a site where heavy-equipment manufacturer Terex previously made large tower cranes.

Dominion makes final attempt to solicit land owners' cooperation

November 12, 2014

(The News & Observer, Raleigh)

Richmond, Va.-based Dominion Resources sent letters to 226 land owners, including 32 in North Carolina, who have refused to allow the energy company to survey their land for the proposed 550-mile Atlantic Coast Pipeline. Dominion will seek court orders to gain entry onto the properties if the owners refuse to cooperate.
Related: Defenders of Appalachia rally against pipeline

Live Oak makes list of healthiest U.S. banks

November 12, 2014

(Greater Wilmington Business Journal)

Wilmington-based Live Oak Bank is ranked No. 126 on DepositAccounts.com's list of 2014 Top 200 Healthiest Banks in America. The website uses four measures of growth and stability to compile its rankings, which are based on data at the end of 2013. Only two other North Carolina-based banks made the list − Raleigh's CapStone Bank, which was acquired by Greensboro-based NewBridge Bank in 2014 and Greenville-based Select Bank & Trust, which moved its headquarters to Dunn after being acquired by New Century Bank.

TBS to film TV pilot in Wilmington

November 11, 2014

(StarNews, Wilmington)

TBS will film a pilot for a TV comedy series in Wilmington in December. The untitled pilot will will be one of the last film projects to take advantage of North Carolina's 25% tax credit, which expires Dec. 31.

UNC Pembroke chancellor to retire

November 11, 2014

(The Fayetteville Observer)

UNC Pembroke Chancellor Kyle Carter announced Monday he will retire June 30, 2015 after five years in the post. 

GE Hitachi gets federal grant to test new nuclear technology

November 10, 2014

(Greater Wilmington Business Journal)

GE Hitachi will receive a multimillion research investment by the U.S. Department of Energy to perform a safety assessment of its PRISM sodium-cooled nuclear reactor, which can generate electricity using spent nuclear fuel and surplus plutonium.

Hanover Federal to merge with Piedmont Advantage Credit Union

November 10, 2014

(Greater Wilmington Business Journal)

Wilmington-based Hanover Federal Credit Union's 1,700 members will have access to more products and services, including mortgage and electronic-data products, when the organization merges with Winston-Salem-based Piedmont Advantage Credit Union Dec. 1. 

Cumberland County chicken plant may be back on the table

November 10, 2014

(The Fayetteville Observer)

Last week's election results could revive talks of bringing a $113 million chicken-processing plant to Cumberland County. Two of the county's newly elected commissioners are in favor of the Sanderson Farms plant, while two are undecided and three are opposed. The Mississippi-based company has said the plant would bring more than 1,000 jobs to the area.

Wilmington's Sutton Lake reclassified for fishing

November 10, 2014

(StarNews, Wilmington)

State environment officials reclassified Sutton Lake as a public fishery, meaning the 1,100-acre lake will be subject to stricter water-quality standards and more frequent inspections. The New Hanover County lake was created to cool water from Duke Energy's nearby Sutton power plant. 

 

New Hanover Regional names new information officer

November 7, 2014

(StarNews, Wilmington)

New Hanover Regional Medical Center named Joe Norris vice president of information services. Norris, who was the Wilmington-based hospital system's chief technology officer for three years, was selected following a national search.

New Hanover Regional among hospitals facing Medicare penalties

November 6, 2014

(StarNews, Wilmington)

New Hanover Regional Medical Center will be fined $942,000 in Medicare penalties for not meeting guidelines for patient readmissions. Penalties for fiscal year 2015 are based on readmission rates for heart failure, heart attack, pneumonia, chronic lung problems and elective hip and knee replacements. Only 13 of 87 North Carolina hospitals will avoid fines for 2015, compared with 19 in 2013 and 2014.

Court of Appeals again sides with FirstHealth

November 6, 2014

(The Fayetteville Observer)

The N.C. Court of Appeals has ruled for the second time in two weeks in favor of FirstHealth of the Carolinas over Fayetteville-based Cape Fear Valley Health System. The court said Tuesday that FirstHealth should be allowed to move one of its operating rooms from its Pinehurst hospital to its new Hoke County hospital, which will compete for patients with Cape Fear Valley's new 41-bed Hoke County hospital.

Ports director says Wilmington can compete with larger ports

November 5, 2014

(StarNews, Wilmington)

N.C. State Ports Authority CEO Paul Cozza says Wilmington's small size allows the port to provide opportunities and services that more congested cities can't.

Brunswick County hopes to attract more retail development

November 4, 2014

(Greater Wilmington Business Journal)

A recent retail study commissioned by Brunswick County's economic development commission shows the coastal county could support more stores and restaurants to attract shoppers who would otherwise travel to Wilmington or Myrtle Beach, S.C. At least one developer is considering the Supply area for a regional retail center.

Blue Cross adding 30 jobs at Fayetteville call center

November 4, 2014

(The Fayetteville Observer)

Blue Cross and Blue Shield of North Carolina will hire 30 additional customer-service representatives at its Fayetteville call center. The Chapel Hill-based health-insurance company has already hired 45 workers for the new call center, which will open in early December.

Holmes named CEO of Wilson's Cornerstone Bank

November 3, 2014

(The News & Observer, Raleigh)

Wilson-based Cornerstone Bank named Mark Holmes CEO. He replaces Norm Osborn, who was fired in June by the bank's board of directors. Holmes was president and CEO of Greenville-based Select Bank and Trust, which was acquired in July by Dunn-based New Century Bank.

Wilmington's DryCase expands product line through licensing agreement

November 3, 2014

(Greater Wilmington Business Journal)

DryCase, a division of Wilmington-based DryCorp., is producing a new product line that will allow it to expand its offerings in sporting-goods and outdoor retailers. The company is partnering with Mossy Oak, a company that develops camouflage patterns for hunters, to produce waterproof packs.
Click here to read more about DryCorp., Business North Carolina's 2013 Small Business of the Year

Harnett Health trustees approve management agreement with Fayetteville's Cape Fear Valley

October 31, 2014

(The Fayetteville Observer)

The Harnett Health board of trustees has decided to enter into a management agreement with Cape Fear Valley Health System. The Fayetteville-based health system could assume management of Dunn-based Harnett Health and its two hospitals by next week. Dan Weatherly, president of Cape Fear Valley Bladen Health, will become president of Harnett Health.

Cape Fear Valley Health approves management takeover of Harnett Health

October 30, 2014

(The Fayetteville Observer)

The Cape Fear Valley Health board of trustees approved a 10-year management agreement of Harnett Health System. Harnett Health board members will vote today on whether to approve the management takeover. The Dunn-based health system has been managed by Raleigh-based WakeMed Health and Hospitals since 2005.

Wilmington startup honored at WSJ event

October 30, 2014

(Greater Wilmington Business Journal)

Wilmington-based Next Glass was chosen as one of five startups to present at a Wall Street Journal technology conference in California this week. The company is launching an app to help users create personalized wine and beer preference profiles.