Business

Durham's Validic raises $12.5M

April 29, 2015

(WRAL TechWire)

Durham-based Validic completed a $12.5 million financing led by Kaiser Permanente Ventures. The company, which provides a technology platform for health-monitoring devices and applications, plans to use the proceeds to increase hiring. 

Brunswick County home sales outpacing Wilmington area

April 29, 2015

(Greater Wilmington Business Journal)

Sales of single-family homes in Brunswick County increased 25.4% in the first quarter, compared with the same period a year ago. Sales were boosted by retirees and second-home buyers looking to move closer to the coast, according to a local realtor. The average sales price increased 17.2% to $248,681.

RDU gains nonstop flight to Seattle

April 29, 2015

(The News & Observer, Raleigh)

Raleigh-Durham International Airport will add its third West Coast nonstop flight when Alaska Airlines begins nonstop service to Seattle on Oct. 1.

Grocers expand, remodel to compete for shoppers

April 29, 2015

(The Pilot, Southern Pines)

In Moore County, all seven Food Lion stores are undergoing renovations, Harris Teeter is building a new, larger store and Lowes Foods plans to break ground within weeks on a new store in Southern Pines.

Charlotte company to build solar farm in Forsyth County

April 29, 2015

(Winston-Salem Journal)

Charlotte-based Fire Solar 1 plans to build a solar farm near Clemmons that will generate enough electricity to power 600 homes. The electricity will be sold to Duke Energy Carolinas.

Bojangles' to price shares between $15 and $17

April 28, 2015

(The Charlotte Observer)

Bojangles' will offer about 6.25 million shares priced between $15 and $17 each in its initial public offering. The Charlotte-based restaurant chain operates 622 stores in 10 states and the District of Columbia with plans to expand in the Southeast.

Longtime donor gives $16M to NC State vet school

April 28, 2015

(The News & Observer, Raleigh)

The Randall B. Terry Charitable Foundation has given $16 million to N.C. State University's College of Veterinary Medicine. The money will be used for student scholarships, endowed professorships and research. The foundation has donated more than $47 million to the school since 1996.

International Market Centers could raise $185M in IPO

April 28, 2015

(Winston-Salem Journal)

International Market Centers, which owns 6.7 million square feet of furniture-showroom space in High Point, said in a securities filing it plans to price its initial public offering between $12 and $14 a share. The IPO could raise more than $185 million, according to the filing.

CHS strikes deal with UnitedHealthcare

April 28, 2015

(The Charlotte Observer)

Carolinas HealthCare System has reached a deal with UnitedHealthcare that will allow Charlotte-area patients covered under the health-insurance provider to continue receiving care at CHS. The companies' contract expired on Feb. 28 after negotiations to renew it failed. United HealthCare insures more than 1 million people in N.C.

Yadkin Bank to close six branches

April 28, 2015

(The News & Observer, Raleigh)

Yadkin Bank plans to sell or close six underperforming branches in the third quarter as part of a cost-cutting measure. The Raleigh-based bank did not disclose which branches would be affected. The company also said Executive Chairman Joe Towell will become chairman and will no longer be involved in day-to-day operations.
Related: Merger helps send Yadkin Financial net income up almost eightfold