Posted on August 26, 2014
Wells Fargo has named the head of its South Carolina operation, Rick Redden, as the new regional president for the Carolinas.
Redden joined Wachovia as a corporate banker in Winston-Salem 21 years ago. He has been regional president in South Carolina since 2007.
Redden succeeds Stan Kelly, 56, who retired earlier this month from the San Francisco-based bank.
Posted by David Bracken on August 26, 2014
A new Hilton hotel is planned for the intersection of Interstate 40 and U.S. 15/501 in Durham. The project is a joint venture between Charlotte-based Griffin Stafford Hospitality and Raleigh-based MJM Group, which has spent the past several years assembling and rezoning the property.
Posted by John Murawski on August 25, 2014
Duke Energy Progress asks to cut rebate paid to households for installing a rooftop solar array. NC Utilities Commission to rule on utility’s request to cut the rebate from $500 a kilowatt to $250 a kilowatt.
Posted by David Ranii on August 25, 2014
Chapel Hill company Heat Biologics reported it now has enough money to continue its drug-development efforts through at least the first quarter of 2016 after raising $7.5 million in debt financing.
Posted by David Bracken on August 25, 2014
Veteran Triangle real estate professional Grady Matthews has been named president of Raleigh-based commercial real estae company TradeMark Properites.