Business

Cambro begins hiring in Alamance

July 24, 2014

(The Times-News, Burlington)

Cambro will hire 60 people for jobs at its new production and distribution center in Mebane, which is expected to open in early 2015. The California-based company announced earlier this year it would invest $30.4 million in the plant and hire 300 workers. Cambro makes storage items for the food-service industry.

UNC Wilmington partners with MARBIONC tenant

July 24, 2014

(StarNews, Wilmington)

UNC Wilmington formed a partnership with Ocis Biotechnology that will give the private company licensing rights for a product being developed at the school's MARBIONC center. Researchers at the marine biotech center are creating a topical product that will be used to treat wounds.

Spectra Group bringing 250 jobs to Charlotte

July 23, 2014

(The Charlotte Observer)

Princeton, N.J.-based Spectra Group will open a Charlotte office, creating 250 jobs with an average annual salary of $84,996. The jobs will be based in downtown's BB&T Center and will provide services for the financial industry.

Heritage Home moving headquarters to High Point

July 23, 2014

(High Point Enterprise)

Heritage Home Group will move its headquarters from St. Louis to High Point, where it will employ about 300. Heritage Home was formed last year when KPS Capital Partners bought assets of Furniture Brands International out of bankruptcy.

Zipper maker expanding in Oxford

July 23, 2014

(The News & Observer, Raleigh)

Ideal Fastener Corp. will invest more than $5.7 million in its Granville County plant and will add 155 jobs over five years. The second-largest zipper manufacturer in the world, Ideal employs 226 at its manufacturing headquarters in Oxford.

Duke Energy begins cleanup of former gas plant property in Kinston

July 23, 2014

(The Free Press, Kinston)

Duke Energy has begun cleaning up the site of a former manufactured-gas plant in Kinston that has been dormant for more than 60 years. The Charlotte-based utility plans to clean 14 such sites, where it used coal to manufacture gas for street lamps before natural gas became available.

Sales of preowned vehicles boost revenue for Charlotte's Sonic Automotive

July 23, 2014

(The Charlotte Observer)

Sonic Automotive Inc. reported revenue of $2.4 billion in the second quarter, led by a 12% increase in sales of preowned vehicles. Net income for the Charlotte-based auto retailer rose to $27 million compared with $8.9 million in the second quarter a year ago. (Read more about Sonic and founder Bruton Smith in our August 2013 cover story).

Herbalife stock soars 25% after Ackman presentation

July 23, 2014

(Winston-Salem Journal)

Following hedge-fund manager Bill Ackman's attempt to expose Herbalife Inc. as a pyramid scheme in a three-hour presentation on Tuesday, investors seemed unfazed by his criticism and the company's stock rose $13.75 to $67.77. 

Greensboro's Natty Greene's expanding despite trademark battle

July 23, 2014

(News & Record, Greensboro)

Natty Greene's is undergoing a third expansion at its Greensboro brewery, and other cities have shown interest in the brand. Meanwhile, the brewer is battling Anheuser-Busch, which filed an opposition to its trademark application over the "Natty" name.

Mountain BizWorks names new executive director

July 23, 2014

(Asheville Citizen-Times)

Patrick Fitzsimmons has been named executive director of Mountain BizWorks. Fitzsimmons was executive director of the Western N.C. region of the American Red Cross from 2004 to 2012. The Asheville-based non-profit organization provides loans to small businesses in Western N.C.