Business

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."

Wilmington's Lumina Station sells for $14.5M

April 8, 2015

(Greater Wilmington Business Journal)

A Myrtle Beach, S.C.-based REIT has acquired Lumina Station, a 68,794-square-foot office and retail center in Wilmington, for more than $14.5 million. Burroughs & Chapin's portfolio includes entertainment complexes Broadway at the Beach in Myrtle Beach and Barefoot Landing in North Myrtle Beach.

Transportation company adding 40 jobs in Charlotte

April 8, 2015

(The Charlotte Observer)

Total Quality Logistics will add 40 jobs in Charlotte by year-end as part of a companywide expansion. The Cincinnati-based freight brokerage firm employs about 70 people in Charlotte. Most of the new jobs will be sales positions.

Charlotte's BofA makes list of top corporate blunders

April 8, 2015

(The Charlotte Observer)

CNBC included Bank of America's ill-advised 2011 plan to charge debit card customers a $5 monthly fee on its list of corporate blunders that could have been avoided. Other companies on the list include Coca-Cola, for changing its original soft-drink formula in 1985, and Toys 'R' Us, for selling collectible figures based on characters from the AMC TV series Breaking Bad, complete with detachable sacks of cash and bags of meth.

Lenovo names new president of North American operations

April 8, 2015

(The News & Observer, Raleigh)

Lenovo named Aymar de Lencquesaing, who was president of the computer maker's European, Middle East and Africa operations since last year, president of its North American division. He succeeds Jay Parker, who was promoted last month to senior vice president of the Beijing-based company's enterprise business.

Bojangles' plans to go public

April 7, 2015

(The Charlotte Observer)

Charlotte-based Bojangles' filed paperwork Monday for an initial public stock offering. Founded in Charlotte in 1977, the fast-food chain operates 622 stores in 10 states and the District of Columbia, though about two-thirds are in the Carolinas. The SEC filing said the number of shares to be offered and the price range have not been determined.

Targacept deal could be in jeopardy

April 7, 2015

(Winston-Salem Journal)

A San Francisco-based drug developer's plan to acquire Targacept may be in jeopardy as a result of the termination of a licensing deal that could impact its financial position. Winston-Salem-based Targacept announced last month it would be acquired by Catalyst Biosciences in a reverse merger.

Another Durham startup wins Google Demo Day

April 7, 2015

(The Herald Sun, Durham)

Mati Energy, a startup based at Durham's American Underground that makes herb-infused caffeinated teas, won the top prize at the invitation-only Google Demo Day in Mountain View, Calif. Marketing-software company Windsor Circle won last year's competition.