Business
Controversial toll roads and bridge get surprise victory
May 3, 2013
(The Charlotte Observer)
Two controversial toll roads -- the Garden Parkway near Charlotte and the Cape Fear Skyway near Wilmington -- as well as the proposed Mid-Currituck Bridge got a surprise victory when the projects were added as an amendment to Gov. Pat McCrory's transportation bill by legislators.
Charlotte plans to demolish Eastland Mall
May 3, 2013
(The Charlotte Observer)
Charlotte officials plan to demolish Eastland Mall, a once bustling retail development in the eastern part of the city, as part of its redevelopment plan, which could include movie studios.
Kewauanee Scientific names new CEO
May 3, 2013
(Statesville Record & Landmark)
Statesville-based Kewaunee Scientific, a maker of lab furniture, said CEO Bill Shumaker will step down after 14 years at the helm. Chief Operating Officer David Rausch will take over, effective July 1.
Duke Energy nixes plan to add reactor at Apex nuclear plant
May 3, 2013
(The News & Observer, Raleigh)
Duke Energy has canceled plans to add two new reactors at its Shearon Harris nuclear plant in Apex, saying slow growth means new units won't be needed for at least 15 years.
Charlotte will be home to ESPN's Southeastern Conference Network
May 3, 2013
(The Charlotte Observer)
Charlotte will be the home of the SEC Network, set to launch in August 2014. The channel will feature 1,000 live events from the Southeastern Conference annually.
Duke's Rogers defends rake hikes, clean energy at annual meeting
May 3, 2013
(The Charlotte Observer)
Duke Energy CEO Jim Rogers, in his last annual meeting leading the nation's largest utility, defended the state's clean-energy mandate as well as the company's recent rate hike, which the state Supreme Court kicked back to the N.C. Utilities Committee.
Charlotte airport director not disciplined despite comments
May 3, 2013
(The Charlotte Observer)
Charlotte airport director Jerry Orr reiterated his support Thursday for an independent authority to govern the airport and said he hasn't been disciplined by his publicly elected bosses for his comments. Charlotte City Council members oppose the transfer of the airport from city control.
Harris Teeter sales, profit rise, but no word on sale
May 3, 2013
(The Charlotte Observer)
Matthews-based grocer Harris Teeter reported second-quarter sales rose 4.3% and profits were up 8% but didn't reveal any information about a possible sale. The company retained J.P. Morgan earlier this year to explore the possibility.
Building permits rise in Cabarrus County
May 3, 2013
(The Independent Tribune, Concord)
Single-family home permits rose to their highest levels since 2008 in Cabarrus County in April, reflecting a rebounding market. The numbers still fall short of their pre-recession highs.
Obama nominates Charlotte representative to head FHFA
May 2, 2013
(The Charlotte Observer)
President Obama nominated U.S. Rep. Mel Watt, a Democrat serving Charlotte for 20 years, to lead the Federal Housing Finance Agency, which regulates Fannie Mae and Freddie Mac. Watt is a longtime member of the House Financial Services Committee, though his confirmation by the Senate is not assured.
