Business

Biscuitville continues rebranding with new exterior look

January 5, 2015

(The Salisbury Post)

Greensboro-based Biscuitville has begun exterior renovations of its 54 restaurants. The company plans to spend $10 million in 2015 to transform the restaurant's country-themed appearance in a more modern one. The company also rolled out a new lunch menu in 2014, partnering with regional companies including Mount Olive Pickle and Greensboro-based Chandler Foods BBQ. 

White named chairman of Gastonia's Alliance Bank & Trust

January 5, 2015

(The Shelby Star)

Shelby City Council member David White will become chairman of Gastonia-based Alliance Bank & Trust Co., pending FDIC approval. He will succeed Wayne Shovelin, chairman of the board for 10 years, who is retiring. White started Shelby-based White Investments in 1988 and was an organizing member of Alliance Bank & Trust's board in 2004.

American Airlines pilots union approves labor agreement

January 5, 2015

(The Charlotte Observer)

The union representing pilots for Fort Worth, Texas-based American Airlines reached a labor agreement that could increase pay by more than 23%. Charlotte Douglas International Airport is American's second-busiest hub behind Dallas/Fort Worth.

Business leaders gather for economic-outlook program

January 5, 2015

(WRAL.com)

North Carolina business leaders will convene Monday at the annual Economic Forecast Forum, hosted by the North Carolina Bankers Association and the North Carolina Chamber. This year's event, held at Research Triangle Park, will feature a special focus on technology's economic impact in the state.

Merger activity boosts NC stock prices in 2014

January 2, 2015

(The Charlotte Observer)

Shares of North Carolina's largest public companies rose faster in 2014 than the overall stock market, boosted by gains from companies involved in mergers and acquisitions, including Family Dollar Stores, The Pantry and RF Micro Devices. Energy, apparel and retail stocks posted the largest gains.

RF Micro, TriQuint complete merger

January 2, 2015

(Winston-Salem Journal)

Greensboro-based RF Micro Devices and Oregon-based TriQuint Semiconductor completed their merger of equals on Jan. 1, and shares of the new combined company – named Qorvo Inc. – were expected to begin trading on the Nasdaq on Friday.

Tourism, breweries and manufacturing boost Asheville economy

January 2, 2015

(Asheville Citizen-Times)

Tourism led the Asheville area's economy in 2014, where at least six new hotels are planned or under construction. Other jobs announcements included multiple brewery expansions and manufacturing expansions by GE Aviation and Linamar.

Charlotte-based CommunityOne raises $25M

January 2, 2015

(The Charlotte Observer)

CommunityOne Bancorp raised $25 million in a private stock placement, according to a securities filing Tuesday. The Charlotte-based bank plans to use the money to increase lending in 2015. 

McCall Farms to close Wilson plant

January 2, 2015

(The Wilson Times)

McCall Farms will shut down its Wilson sweet-potato processing plant, idling up to 64 workers, by March 5. The Effingham, S.C.-based vegetable-canning company purchased the former Bruce Foods plant a year ago. Some employees will be offered jobs in South Carolina, where McCall plans to consolidate its sweet-potato processing operations.

Krispy Kreme co-founder Rudolph dies

January 2, 2015

(Winston-Salem Journal)

Lewis Rudolph, who co-founded Krispy Kreme Doughnuts with his brother Vernon in 1937, died Sunday in Nashville, Tenn. He was 95. Rudolph was a former vice-president of the Winston-Salem doughnut-maker and remained involved with the company until he retired in 1985.