Business

Furniture-maker will create 113 jobs in High Point

February 20, 2014

(High Point Enterprise)

BuzziSpace, Inc., a Belgian office-furniture manufacturer, will invest more than $1.75 million and create 113 jobs in a new North American headquarters in High Point. The jobs will be in manufacturing, distribution, customer service, office and management and will pay an average annual wage of $45,000.

Sea Life aquarium opens today in Concord

February 20, 2014

(The Independent Tribune, Concord)

The 36,000-square-foot Sea Life Charlotte-Concord Aquarium opens to the public today at Concord Mills after a ceremony and ribbon-cutting this morning. The aquarium, which took six months to build, features 5,000 sea creatures and more than 20 displays.

Veteran-owned company gets $36 million military contract

February 20, 2014

(The Fayetteville Observer)

Fayetteville-based Combat Medical Systems, founded in 2008 by veteran combat medics, has been awarded a contract of up to $36 million to provide medical supplies to the U.S. armed forces through Feb. 17, 2015.

Judge won't delay Bank of America settlement over Countrywide losses

February 20, 2014

(The Charlotte Observer)

A New York judge rejected American International Group's request to delay a final judgement on an $8.5 billion settlement between the Charlotte-based bank and private investors over losses from mortgage-backed securities.

President of NC Biotech Center to retire

February 20, 2014

(The News & Observer, Raleigh)

Norris Tolson will retire as president of the state-funded N.C. Biotechnology Center, a position he has held since July 2007. His last day will be June 30. 

Park Sterling chooses site, will apply to open Virginia branch

February 20, 2014

(The Charlotte Observer)

Charlotte-based Park Sterling Bank will apply this week to open its first branch in Virginia. The bank will open a 7,500-square-foot office in Richmond for commercial loan production which will later become a full-service branch.

Sierra Nevada getting closer to production at Mills River

February 20, 2014

(Hendersonville Times-News)

Sierra Nevada Brewing Co. has achieved a flavor-match between two of its brands produced at its new brewery in Mills River and at its Chico, Calif. brewery, bringing the company a step closer to full-scale production. The brewery hopes to open its doors to the public in August.

Profit of $2.7 billion for Duke Energy in 2013

February 19, 2014

(The Charlotte Observer)

Duke Energy posted earnings of $2.7 billion for 2013, compared with $1.8 billion in 2012. The Charlotte-based utility's merger with Progress Energy and a strong performance in its third and fourth quarters led to the strong earnings.

Aramark leaving High Point Regional Hospital

February 19, 2014

(The News & Record, Greensboro)

Aramark Healthcare Supportive Services will discontinue operations at High Point Regional Hospital, where it employs 75 workers. The company said its hourly workers will now be employed by the hospital, and a small number of employees may find work with Aramark at other area locations.

UNC Charlotte opens $35 million business incubator

February 19, 2014

(The Charlotte Observer)

A 96,000-square-foot business hub called PORTAL (Partnership, Outreach and Research to Accelerate Learning) was unveiled on UNC Charlotte's campus Tuesday. The university hopes the $35 million center will help it produce about 2,000 jobs over the next decade through its partnerships with existing businesses.