North Carolina news

• CMS selects new superintendent

  13-12-2016 23:33 via feeds.bizjournals.com
  Charlotte-Mecklenburg Schools Board of Education has chosen Clayton Wilcox — the current superintendent of a public school system in western Maryland — to take the reigns next summer.Two board members and CMS' general counsel announced at a press conference Tuesday that Wilcox will replace the public school system's current head Ann Clark, effective July 1. CMS and Wilcox have a tentative agreement for a four-year contract (the maximum by state law) ending June, 30 2021 that will pay
  
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• Wells Fargo fails ‘living will’ test for second time this year

  13-12-2016 23:32 via feeds.bizjournals.com
  Wells Fargo & Co. (NYSE:WFC) learned it failed its living-will test for the second time this year Tuesday. That means the San Francisco-based bank will face sanctions moving forward.Wells Fargo submitted its updated plan to the Federal Reserve and the FDIC in October after it was one of five banks that failed the original submission in the spring. The bank was informed today it did not adequately remediate certain deficiencies and failed the living will once again.“We took feedback fro
  
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• Savona Mill project focuses on history, connectivity through adaptive reuse (PHOTOS)

  13-12-2016 21:02 via feeds.bizjournals.com
  A former mill that’s more than a century old will be the centerpiece for Greg Pappanastos’ next adaptive-reuse project.Savona Mill, at 528 S. Turner Ave. in west Charlotte’s Seversville neighborhood, opened in 1915 as a weave mill. A 30,000-square-foot addition was built in 1920 to add spinning operations. Then, in 1951, a third portion, measuring 15,000 square feet, was added after Old Dominion Box Co. moved into the space. The mill's footprint now totals nearly 200,000 square
  
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• Kroger poised to buy Walgreens/Rite Aid stores

  13-12-2016 21:02 via feeds.bizjournals.com
  Kroger Co. could be close to wrapping up a deal to buy some of the Walgreens and Rite Aid stores that Walgreens needs to divest when it completes its acquisition of the drug store chain.The deal involving multiple buyers for nearly 1,000 stores should be finalized by year-end, an attorney told mergers and acquisitions reporting website CTFN.A real estate executive told CTFN that Kroger — the parent company of Matthews-based Harris Teeter — is in line to buy some of the stores while d
  
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• NASCAR broadcaster buys another million-dollar home, right down the street

  13-12-2016 20:55 via feeds.bizjournals.com
  NASCAR broadcaster Mike Joy and wife Gaye have bought a $2 million home in the same neighborhood where they bought a home nearly two years ago.In November, the Joys purchased a home in a gated, Lewisville community valued at $2.05 million, according to data from American City Business Leads, a sister operation of the Charlotte Business Journal. The home sits on 7.85 acres bordered by Shallowford Road, according to property records.Lewisville is about 80 miles north of Charlotte.Custom builder&he
  
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• Carolinas HealthCare charts course for 2017

  13-12-2016 20:55 via feeds.bizjournals.com
  Carolinas HealthCare System is gearing up for 2017.The Charlotte health-care system’s Board of Commissioners approved its budget for the upcoming year on Tuesday, projecting continued growth across its footprint.Carolinas HealthCare owns or manages 40 hospitals in the Carolinas.It anticipates that total operating revenue will grow by 4.7% to $9.8 billionBudgeted operating income is expected to grow 2.2 percent to $214 million.“It’s pretty straight forward,” says Greg Gomb
  
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• Duke Energy to recycle coal ash from shuttered Goldsboro plant

  13-12-2016 20:38 via feeds.bizjournals.com
  As much as 6 million tons of coal ash once slated to be buried at Lee County’s controversial Colon Mine reclamation project will be recycled for use in manufacturing concrete instead, Duke Energy announced Tuesday.Duke says it has chosen the shuttered H.F. Lee Steam Plant in Goldsboro as the second of three plants from which the company will recycle ash. Amendments to the Coal Ash Management Act passed this summer by the General Assembly require Duke to recycle ash from the ponds of at lea
  
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• How Obamacare repeal could impact Carolinas HealthCare

  13-12-2016 20:21 via feeds.bizjournals.com
  Carolinas HealthCare System says it's too early to predict what repealing Obamacare could mean locally.“It’s obvious they’re going to repeal. The question is what’s to replace it?,” says Greg Gombar, the Charlotte health-care system’s chief financial officer. “Time will tell what that’s going to look like.”How a repeal impacts access to health care will be a key factor.Many states expanded Medicaid coverage through the ACA. The health-care ex
  
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• Venue overhaul signals new direction for Charlotte's long-sought amateur sports complex

  13-12-2016 18:54 via feeds.bizjournals.com
  An endorsement by Charlotte City Council this week to pursue an $18.5 million building with event space and an industrial kitchen to connect Ovens Auditorium and Bojangles’ Coliseum also signaled a new direction for a long-sought amateur sports complex. During a presentation on Monday night, the city said a proposed 13.5-mile light-rail line along Independence Boulevard would run through the arena-auditorium parking lots targeted for the sports complex several years ago.On Tuesday, Ron Kim
  
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• Credit Karma expands into Charlotte, with plans to hire up to 100 employees

  13-12-2016 18:11 via feeds.bizjournals.com
  Credit Karma has chosen Charlotte to shore up its recently added, online tax-preparation services.The San Francisco-based fintech company announced Tuesday the addition of a new office in Charlotte, where it will hire in coming years as many as 100 employees — mostly in software engineering and technical roles.The company will focus in Charlotte on Credit Karma Tax, its free, online tax-prep service. It will employ a support team to assist those filing federal and state tax returns through
  
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