Business

Durham’s Quintiles and G1 Therapeutics top market movers

Big summer for Durham: the baseball Bulls lead the minor league’s International League South division by 14 games, while two pharmaceutical-related companies burned up the stock market last week. Here are the major movers in the Capital Investment Cos./Nottingham Index of Carolinas-based public companies for the week ended Aug. 25. The index includes companies with […]

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Capital Bank issues more disclosures prior to $2.2B sale

Capital Bank Financial Corp. of Charlotte has filed an unusual second round of financial disclosures in a bid to resolve shareholder lawsuits over its proposed $2.2 billion sale to Memphis-based First Horizon National Corp. The banks, which are slated to hold shareholder meetings Sept. 7, most recently disclosed how they determined Capital CEO Gene Taylor’s […]

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Wells Fargo seeks arbitration for overdraft-fee lawsuits

Wells Fargo & Co. is appealing a federal judge’s ruling that denied the bank’s request to force long-standing litigation over its overdraft policies into arbitration. Class-action lawsuits filed around the country have accused Wells Fargo of switching the order of debt card withdrawals to increase the number of transactions eligible for overdraft fees. Other large […]

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LabCorp taps Blue Cross exec for CMO position

Laboratory Corporation of America Holdings has tapped the chief medical officer of North Carolina’s largest insurer to fill the newly created position of enterprise-wide CMO. Dr. Brian Caveney, who joined Blue Cross and Blue Shield of North Carolina in 2011, will join Burlington-based LabCorp on Sept. 25. LabCorp, one of the largest independent clinical laboratories in […]

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