Business

High Point shopping center sold for $6.25M

July 20, 2015

(News & Record, Greensboro)

Verris Capital paid $6.25 million for the 63,306-square-foot Eastchester Shopping Center in High Point. The seller was Florida-based MS Eastchester.

Tech company bringing 200 jobs to Durham

July 17, 2015

(The News & Observer, Raleigh)

Interactive Intelligence plans to expand in Durham, adding 200 workers with an average annual salary of $70,000. The Indiana-based company develops software for call centers and other businesses. Interactive currently employs 130 at its Durham location.

High Point considers incentives for HAECO expansion

July 17, 2015

(News & Record, Greensboro)

High Point City Council will consider allowing up to $147,000 in incentives for HAECO Americas, formerly TIMCO Aerosystems, to add 147 jobs and relocate its operations to a larger facility. The company, which repairs and refurbishes aircraft interiors, is considering moving to a 250,000-square-foot building previously occupied by TE Connectivity.

Triangle companies raise $112M in VC funding in second quarter

July 17, 2015

(The News & Observer, Raleigh)

Five Triangle companies raised more than $10 million each in venture capital in the second quarter, according to a report by PricewaterhouseCoopers. In all, a dozen tech and biotech companies raised $112.2 million in the quarter. Innocrin Pharmaceuticals raised the most, bringing in $28.1 million in a funding led by Eshelman Ventures.

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.