Business

CEO of Charlotte-based Electrolux North America resigns

April 9, 2015

(The Charlotte Observer)

Jack Truong has resigned as CEO of Electrolux Major Appliances North America. The company said Truong left to pursue "other interests." The Swedish appliance-maker moved its North American headquarters to Charlotte in 2010 and expects to employ 1,600 people there by the end of 2017.
Related: Electrolux issues profit warning for North America unit

Greensboro Partnership taps Mississippi economic developer as CEO

April 9, 2015

(News & Record, Greensboro)

The Greensboro Partnership named Brent Christensen president and CEO. Christensen, 45 and a Duke University graduate, has served for three years as executive director of the Mississippi Development Authority, where he worked with Nissan and Yokahama Tire on bringing jobs to the state.

Family Dollar 2Q earnings fall, but beat expectations

April 9, 2015

(The Charlotte Observer)

Matthews-based Family Dollar Stores reported second quarter earnings of 67 cents a share, compared with 80 cents a share for the same period a year ago. Excluding merger-related costs, the earnings were higher than analysts' projections. Sales for the quarter rose 3% to $2.8 million.

Wilmington's PPD forms joint venture with Japanese company

April 9, 2015

(Greater Wilmington Business Journal)

Pharmaceutical Product Development announced a joint venture with Japan-based Shin Nippon Biomedical Laboratories to provide clinical-development services in Japan. The new company, which will have three offices in Japan, will be majority-owned by Wilmington-based PPD.

UNC governors could name UNCW chancellor this week

April 9, 2015

(Greater Wilmington Business Journal)

The UNC Board of Governors is expected to announce its candidate for UNC Wilmington's new chancellor on Friday. Former Chancellor Gary Miller resigned last summer to lead the University of Wisconsin-Green Bay.

HondaJet to embark on world tour

April 9, 2015

(News & Record, Greensboro)

Honda Aircraft will take its HondaJet light aircraft on a world tour beginning April 25, with stops in Japan and Europe. The $4.5 million corporate jet, produced in Greensboro, is awaiting FAA certification.

Dollar Tree will sell 340 Family Dollar retail stores

April 8, 2015

(The Charlotte Observer)

Dollar Tree said Tuesday it have to sell about 340 Family Dollar stores to comply with the Federal Trade Commission in completing its $8.5 billion acquisition of the Matthews-based retailer. Chesapeake, Va.-based Dollar Tree had originally reported it would need to divest about 300 stores. The deal is expected to close in May.

Plastics company expanding in Moore County

April 8, 2015

(The Pilot, Pinehurst)

Reliance Packaging is expanding in Moore County and will add 48 jobs to its existing 12 over the next three years. A division of Lyndhurst, N.J.-based Sigma Plastics, the company will invest $3.5 million in its Aberdeen plant, where it makes plastic bags for the lawn and garden industry. Reliance will receive a state grant of up to $52,000 and a matching grant from Aberdeen and Moore County.

Unifi expanding production at Triad fiber plants

April 8, 2015

(Winston-Salem Journal)

Greensboro-based Unifi is increasing production at its manufacturing plants in Madison and Yadkinville. The company makes synthetic yarns, including the successful Repreve product, which is made from recycled bottles. Unifi is adding texturing machines at the factories, but the company didn't say how many new jobs might be created.

Buncombe courting 'significant' economic-development project

April 8, 2015

(Asheville Citizen-Times)

Buncombe County commissioners remain tight-lipped about the identity of the company considering locating at a 137-acre industrial site the county plans to purchase for $6.8 million. Commissioner Brownie Newman said the company would provide "living-wage jobs ... that would support middle-class families."