Business
Split Cornelius board signals approval of I-77 tolls
May 8, 2013
(The Charlotte Observer)
A closely split Cornelius Board of Commissioners voted to back a state plan that would spend $550 million for a private contractor to build toll lanes on Interstate 77 from Charlotte to Mooresville.
Pantry earnings miss estimates
May 8, 2013
(The News & Observer, Raleigh)
Convenience-store operator The Pantry reported a $6.3 million loss in the second quarter, missing analyst estimates.
Chiquita posts lower revenue, higher profit
May 8, 2013
(The Charlotte Observer)
Charlotte-based Chiquita Brands International reported first-quarter sales fell 2% to $774 million, while it swung to a $2 million profit for the period compared to an $11 million loss the year before. The company is in the midst of cutting costs and restructuring.
As BofA settles one lawsuit, another looms
May 7, 2013
(The Charlotte Observer)
Charlotte-based Bank of America announced Monday it had settled a dispute with bond insurer MBIA for $1.7 billion, but New York's attorney general said he will sue the lender -- and Wells Fargo -- for violating last year's blockbuster $25 billion mortgage-servicing settlement.
Stanly County votes to end fight over Alcoa relicensing
May 7, 2013
(The Salisbury Post)
Stanly County commissioners voted Monday to end legal wrangling over a state water-quality certification Alcoa needs to continue to operate dams along the Yadkin River. The certification is stopping the company from getting a federal operating license.
N.C. hospitals fight back against state proposals
May 7, 2013
(Winston-Salem Journal)
North Carolina hospitals are increasing their lobbying to sway public opinion and that of legislators as they consider measures that could damage the hospitals' bottom lines.
Report: Sales tax increase could help Charlotte complete transportation projects
May 7, 2013
(The Charlotte Observer)
A task force report says Charlotte could help finance future light-rail projects and other transportation goals by raising the sales tax by a half cent as well as using federal funds and partnering with the private sector.
Gaston toll road faces crucial week in legislature
May 7, 2013
(The Gaston Gazette)
The Garden Parkway, a proposed toll road connecting Gastonia and Charlotte, faces a crucial week in the General Assembly, with votes that could determine the likelihood it will retain priority to get built.
Commercial fishermen oppose 'game fish' bill
May 7, 2013
(The Daily News, Jacksonville)
Commercial fishermen spoke out Monday against a proposal in the legislature to give "game fish" status to speckled trout, red drum and striped bass. That would prohibit using anything but fish and line to catch the species, and they would not be allowed to be sold.
Asheville, South Carolina banks merging
May 7, 2013
(Asheville Citizen-Times)
Asheville-based HomeTrust Bancshares will acquire South Carolina-based BankGreenville, taking over its $110 million in assets. It's the bank's first acquisition since going public last year.
