Business

Amazon effect unnerves Ingles investors

Alliance One International, which has a market cap of about $139 million, was the best performer in the Capital Investment Cos./Nottingham Index of Carolinas-based public companies for the week ended July 7 among companies with shares trading for at least $10. Best performers: Alliance One International (AOI) — 7.3% — $15.45  –  Shares of the […]

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Blackstone affiliates to buy International Market Centers

International Market Centers Inc., the owner and operator of the High Point and Las Vegas home furnishings markets, is being sold to a real-estate firm associated with New York-based private equity firm Blackstone for an undisclosed price. The deal, slated to close in the third quarter, comes more than a year after current owners Bain […]

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Infosys to hire 2,000 in Wake County

Infosys, a global technology consulting firm based in India, will hire 2,000 workers to staff a new technology hub in Wake County. The N.C. operations will focus on cybersecurity, artificial intelligence, big data and cloud applications. The new jobs will pay $72,146 on average, nearly $20,000 a year more than the Wake County average wage. […]

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Boston developer to open regional HQ in Charlotte

Vincent Michalesko Vincent Michalesko will lead a new regional headquarters for Boston-based real-estate developer The Fallon Co. The company paid $24.5 million for a 13-story building in downtown Charlotte where it plans to occupy 5,000 square feet of office space. Fallon is no stranger to the Queen City since it was selected last year to […]

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