Business

Charlotte gets seasonal flight to Albuquerque

February 19, 2015

(The Charlotte Observer)

American Airlines will add a seasonal nonstop flight from Charlotte to Albuquerque, N.M., beginning June 5. It's Charlotte's first nonstop flight to New Mexico's largest city.

VF adding 150 retail stores

February 19, 2015

(News & Record, Greensboro)

VF plans to add 150 retail stores to its existing 1,401 in 2015. The Greensboro-based apparel company, whose brands include The North Face, Timberland and Wrangler, reported record revenue in 2014 of $12.3 billion.

AT&T completes Alltel acquisition in NC

February 19, 2015

(The Charlotte Observer)

AT&T will roll out service for more than 60,000 Alltel customers across the state after upgrading Alltel's former network with its own 4G LTE network. AT&T announced it would acquire Alltel's North Carolina wireless operations in September 2013.

TW Garner announces new leadership team

February 19, 2015

(Winston-Salem Journal)

TW Garner Food, the Winston-Salem-based maker of Texas Pete Hot Sauce, has named President Ann Garner Riddle chief executive officer. The company also shuffled management positions of three other leaders in order to open up the executive vice president and vice president positions to nonfamily members, according to Chief Marketing Officer Glenn Garner.

Wilmington awaits film announcement

February 19, 2015

(StarNews, Wilmington)

Film-industry leaders in Wilmington will make an announcement at EUE/Screen Gems Studios at 10:30 Thursday morning. Mayor Bill Saffo will be on hand, as well as Bill Vassar, executive vice president of the studios, and other local leaders. No further details were provided.

Cary's PurThread partners with Burlington

February 19, 2015

(The News & Observer, Raleigh)

PurThread Technologies will partner with Greensboro-based textile company Burlington to develop products incorporating the Cary company's anti-microbial yarns. PurThread, which previously sold products such as lab coats and scrubs directly to hospitals, now works specifically with established corporate partners including Eastman Kodak.

Duke Energy to pay $100M penalty in coal-ash probe

February 18, 2015

(The Charlotte Observer)

Charlotte-based Duke Energy said it will pay about $100 million to resolve a federal investigation of its coal-ash management. The investigation began about a year ago, following the Feb. 2, 2014 spill that dumped up to 39 million tons of coal ash into the Dan River ("Heart of Coal," April 2014).

Krispy Kreme celebrates 1,000th store with free doughnuts

February 18, 2015

(Winston-Salem Journal)

Krispy Kreme Doughnuts will open its 1,000th store next Tuesday, and the Winston-Salem-based company plans to offer a free doughnut to the first 1,000 customers at all of its stores worldwide to celebrate the milestone. The Kansas City, Kan., store will be the company's fourth in the state.

Concord's Alevo inks deal with wholesale energy supplier

February 18, 2015

(The Charlotte Observer)

Alevo Group signed an agreement with Philadelphia-based Customized Energy Solutions to supply 200 megawatts of its GridBank energy-storage units. Alevo opened a manufacturing site in October at the former Philip Morris plant in Concord and plans to hire up to 2,500 workers within three years (Statewide, December).

MaxPoint Interactive's 2014 revenue exceeded $100M

February 18, 2015

(The News & Observer, Raleigh)

MaxPoint Interactive, the Morrisville-based digital-marketing company that recently announced plans to go public, had revenue of $106.5 million in 2014, up 61% from the previous year, according to a securities filing.