Business

Bojangles' IPO could alter growth plans

April 10, 2015

(The Charlotte Observer)

Charlotte-based Bojangles' says it can double its presence in the Southeast, where it now operates more than 600 restaurants, but will it feel pressure to expand beyond the region once it becomes a public company?

Lenovo gains market share in PCs

April 10, 2015

(The News & Observer, Raleigh)

While overall demand for PCs has weakened, Lenovo increased its worldwide market share to 18.9% in the first quarter, up from 17% a year ago. The Beijing-based company, which employs about 3,800 in North Carolina, also showed gains in the United States, where it ranks No. 4 with an 11.8% market share.

Charlotte's Duke Energy appeals $25M fine

April 10, 2015

(The News & Observer, Raleigh)

Duke Energy filed an appeal Thursday requesting that $25.1 million in fines over groundwater contamination at its Sutton power plant in Wilmington be dismissed. The fines, imposed last month by the N.C. Department of Environment and Natural Resources, set a state record as the largest-ever penalty for environmental damage.

Millsaps leaving post at nonpartisan research center

April 10, 2015

(The Daily Reflector, Greenville)

Linda Millsaps is stepping down as executive director of the nonpartisan North Carolina Center for Public Policy Research after seven months on the job.

NewBridge names regional real-estate chief

April 10, 2015

(StarNews, Wilmington)

Greensboro-based NewBridge Bank tapped Senior Vice President Hunter Gallimore as head of commercial real estate in Wilmington and eastern North Carolina.

Peele out as SunTrust's Charlotte region president

April 10, 2015

(The Charlotte Observer)

Bill Peele has left his position as president of the Charlotte region for Atlanta-based SunTrust Banks. The company declined to provide more details about his departure.

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.