Business

AAIPharma names Kutzer CEO

July 8, 2014

(Greater Wilmington Business Journal)

Stephan Kutzer was named CEO of Wilmington-based AAIPharma Services Corp. and Wisconsin-based Cambridge Major Laboratories, which merged with AAIPharma in October. He comes from Lonza Inc., a Swiss biotech company, where he was chief operating officer.

Publix to open Winston-Salem store by end of 2015

July 9, 2014

(Winston-Salem Journal)

Publix Super Markets plans to open a grocery store in Winston-Salem by the end of 2015, according to a company spokeswoman. The Lakeland, Fla.-based grocery store chain currently has two stores in North Carolina, both in the Charlotte area.

Dunkin' Donuts opening five Greensboro shops

July 9, 2014

(News & Record, Greensboro)

Dunkin' Donuts will open five stores in Greensboro as part of the Canton, Mass.-based company's plan to double its number of U.S. stores. The doughnut-maker has more than 300 restaurants in North Carolina.

Yadkin completes merger with VantageSouth

July 8, 2014

(Winston-Salem Journal)

Elkin-based Yadkin Financial Corp. completed its acquisition of Raleigh-based VantageSouth Bancshares, creating the fourth largest bank headquartered in North Carolina. The combined bank, which will be based in Raleigh, will have assets of $4 billion and 74 branches in the Carolinas.

Unnamed company could bring 200 jobs to Wilmington

July 8, 2014

(StarNews, Wilmington)

Wilmington Mayor Bill Saffo said an unnamed company that could invest millions of dollars and hire more than 200 workers is considering the Port City for a new office. Saffo said the city is vying with other communities for the jobs, which he described as office-support positions.

German yarn-maker to open Mount Airy distribution center

July 8, 2014

(Winston-Salem Journal)

Südwolle Group will open an 18,000-square-foot distribution center in Mount Airy. The Nuremberg, Germany-based company makes wool yarns, including those for legwear and outdoor apparel. The company did not say how many jobs it will create, but will release more details later this month.

Chinese government OKs Lenovo deal to acquire IBM server unit

July 8, 2014

(WRAL TechWire)

The Chinese government has approved Lenovo's proposed $2.3 billion acquisition of IBM's x86 server unit. U.S. officials have expressed security concerns over the deal, which would affect 2,000 IBM Triangle workers.

UNCA submits three candidates for chancellor

July 8, 2014

(Asheville Citizen-Times)

UNC Asheville's Board of Trustees approved three candidates for the school's chancellor position, which will be vacated at the end of the month when Anne Ponder retires. UNC System President Tom Ross is expected to make his recommendation to the UNC Board of Governors, which could approve the new chancellor when it meets Aug.1.

Georgia-based BrandMortgage opens Charlotte office

July 8, 2014

(The Charlotte Observer)

BrandMortgage, a Lawrenceville, Ga.-based lender with 18 offices throughout the Southeast, has opened an office in Charlotte. Charlotte native Rebecca Madej will be team leader.

Teardowns common in Charlotte's older neighborhoods

July 7, 2014

(The Charlotte Observer)

Builders and homeowners are tearing down outdated homes in popular Charlotte neighborhoods and replacing them with larger ones. The teardowns reflect a nationwide trend of people wanting to live in established neighborhoods closer to downtown areas.