Business

Large shareholders sell Quintiles stock

Several large shareholders have sold stock in Durham-based clinical research company Quintiles IMS Holdings Inc., according to filings with the SEC. Canada Pension Plan Investment Board Private Holdings Inc. has sold 5.2 million shares valued at $508 million, just two days after TPG Group Holdings Advisors Inc. sold nearly 3.8 million shares for $367 million. Former […]

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Developer plans 10-story hotel in uptown Charlotte

Mayfair Street Partners has purchased the second hotel site at Crescent Communities’ Stonewall Station mixed-use project in uptown Charlotte for $4.5 million. The Georgia-based developer plans to build a 10-story, 181-room luxury hotel on the 0.4-acre site on South Caldwell Street. The property is adjacent to the Whole Foods and 459-unit apartment building under construction […]

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Wells Fargo raises fake-account estimate to 3.5M

Wells Fargo & Co. has found an additional 1.4 million potentially unauthorized accounts opened by employees, bringing the total to 3.5 million. The revised estimate covers January 2009 to September 2016, almost twice as long as the period examined in an initial review that found that workers had opened more than 2 million accounts without […]

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UNC Health Care, CHS to create mega health system

UNC Health Care of Chapel Hill and Charlotte-based Carolinas HealthCare System have signed a letter of intent to join their clinical, education and research resources, creating one of the largest nonprofit healthcare networks and research centers in the nation. Combined, the healthcare providers will employ 90,000 and run more than 50 hospitals. UNC Health CEO […]

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