Business

Chiquita moving up to 200 jobs to Florida

July 17, 2015

(The Charlotte Observer)

Chiquita Brands International plans to move between 150 and 200 jobs from Charlotte to central Florida. The company, which was acquired by two Brazilian companies in January, said earlier this year it would relocate or eliminate 320 jobs by year-end.

Coke Consolidated refreshes investors

July 17, 2015

Charlotte-based Coca-Cola Bottling Co. Consolidated, though publicly held and the nation's largest independent Coke bottler, has long operated under the radar. Now its growth prospects are raising attention among investors, and its stock has soared over the last year after years of flat performance.

Solid second quarter for BB&T

July 17, 2015

(Winston-Salem Journal)

BB&T reported a 7.1% increase in net income to $454 million for the second quarter. The Winston-Salem-based bank plans to complete its purchase of Pennsylvania-based Susquehanna Bancshares by Aug. 1.

Charlotte economic-development groups to work together

July 17, 2015

(The Charlotte Observer)

The Charlotte Chamber and the Charlotte Regional Partnership said they will collaborate more on business-recruiting projects. The two groups will develop a new strategic plan that could include a join fundraising effort.

D'Annunzio named CFO of Truliant

July 17, 2015

(Winston-Salem Journal)

Winston-Salem-based Truliant Federal Credit Union named David D'Annunzio chief financial officer. D'Annunzio has served as CFO at credit unions in Florida and South Carolina. He replaces Carl Alcon, who retired in May.

BofA beats expectations in second quarter

July 16, 2015

(The Charlotte Observer)

Bank of America reported profit of $5.3 billion in the second quarter, compared with $2.3 billion for the same period a year ago. The Charlotte-based bank has cut more than 16,000 employees and closed 234 branches over the last 12 months in an effort to cut costs.

Captrust co-founder donates $5M for ECU entrepreneurship school

July 16, 2015

(The News & Observer, Raleigh)

East Carolina University will establish a school of entrepreneurship, thanks to a $5 million commitment from the co-founder of Raleigh-based Captrust Financial Advisors. J. Fielding Miller and his wife, Kim Grice Miller, provided the donation. Miller is a 1984 graduate of ECU; he co-founded Captrust, which has 22 offices nationwide, in 1997.

Unifi begins expansion of Yadkinville recycling center

July 16, 2015

(Winston-Salem Journal)

Greensboro-based Unifi will more than double the size of its Repreve recycling center in Yadkinville. The company, which makes yarn from plastic bottles for the apparel and automotive industries, has begun construction of an 85,000-square-foot expansion and expects to add up to 20 jobs to its 960. Unifi customers include Ford, The North Face and Nike.

Alevo to begin shipping batteries this fall

July 16, 2015

(The News & Observer, Raleigh)

Alevo Energy will begin shipping its battery modules to China this fall, according to Jeffrey Gates, vice president of global sales for the Swiss energy-storage company, which makes its products at the former Philip Morris cigarette plant in Concord.
Related: Battery maker appears at legislature to boost case for renewable energy legislation

Yadkin County takes control of community hospital

July 16, 2015

(Winston-Salem Journal)

A U.S. District Court judge ordered the operator of Yadkin Valley Community Hospital to turn over the keys to the property on Wednesday after HMC/CAH Consolidated defied a previous court order to keep the hospital open. Kansas City-based HMC abruptly closed the 20-bed hospital on May 22.