In our latest wrapup of Triangle headlines from other publications, catch up on reports about the new Fortune 500 and what North Carolina firms made it as well as news about Time Warner Cable, Metabolon and an investigation into H-1B visas in Charlotte.
- NC firms on Fortune 500
North Carolina companies on the list:
- 26. Bank of America
- 47. Lowe’s
- 115. Duke Energy
- 170. Nucor
- 231. VF
- 266. Reynolds American
- 273. BB&T Corp.
- 297. Sonic Automotive
- 325. Laboratory Corp. of America
- 375. Sealed Air
- 447. Quintiles Transnational Holdings
- 448. Hanesbrands
See Time Warner Cable News for details at:
- Time Warner Cable says it’s being bullied
So reports The News and Observer in a story about TWC vs. North Carolina electric cooperatives over fees to lease space for the hanging of cables from utility poles.
“Time Warner has sued the rural co-ops at the N.C. Utilities Commission, asking the commission to help resolve ongoing contract disputes over fees the co-ops charge for leasing space on some 75,000 utility poles in North Carolina. The disputes result from utility pole lease contracts that expired in recent years and are bogged down in negotiations,” The N&O says.
Read details at:
- Charlotte Observer: “Charlotte IT jobs filled with foreign workers on H-1B visas”
A very interesting report in The Charlotte Observer about how companies are using H-1B visas to fill a lot of jobs.
“Last year, employers in the Charlotte metro area filed initial applications for more than 16,500 H-1B workers, most coming from India. The practice stirs debate: Employers say the program helps them fill jobs with few qualified applicants, while critics say it allows companies to replace qualified American workers with foreign counterparts who will work for less. One estimate shows Charlotte employers save an average of $17,678 a year for each visa worker,” the newspaper says.
Read the details at:
- Metabolon’s latest deal
Triangle-based genomics firm Metabolon has struck an interesting deal with Johns Hopkins University and Tufts Medical to develop a simplier test for possible kidney disease, reports the Triangle Business Journal.
Says TBJ: “Going forward, Metabolon will be able to lean on the institutional knowledge from Johns Hopkins at Tufts, which have “agreed to use large, well-characterized and diverse patient cohorts to develop and validate the test and support its progress through additional clinical studies,” says Metabolon CEO John Ryals.
Read the full story at: