Business

Charlotte's Johnny Harris says keeping airport costs low more important than control

November 14, 2014

(The Charlotte Observer)

Johnny Harris, a prominent Charlotte real-estate developer and member of the Charlotte Airport Commission, said Thursday the matter of who runs Charlotte Douglas International Airport is less important than keeping costs low for its major carrier, American Airlines.

ZeekRewards founder pleads not guilty to federal charges

November 14, 2014

(Winston-Salem Journal)

ZeekRewards.com founder Paul Burks pleaded not guilty to fraud and conspiracy charges at an arraignment before a magistrate judge in Charlotte. Burks is accused of gaining more than $10 million from the Lexington-based Ponzi scheme between January 2010 and August 2012.

GE Hitachi gets large order for nuclear reactor parts

November 14, 2014

(Greater Wilmington Business Journal)

Castle Hayne-based GE Hitachi has received a large order for nuclear rod blades from a Swiss nuclear power plant. Financial terms of the order were not disclosed. 

BB&T to acquire Pennsylvania bank for $2.5 billion

November 13, 2014

(Winston-Salem Journal)

BB&T will acquire Lititz, Pa.-based Susquehanna Bancshares for $2.5 billion in a cash and stock deal. Susquehanna has $18.6 billion in assets and 245 branches in central Pennsylvania, Maryland, New Jersey and West Virginia. Pending regulatory and shareholder approval, the deal will close in the second quarter of 2015.

IT consulting firm adding 500 jobs across NC

November 13, 2014

(The Charlotte Observer)

A company that provides IT consulting and business-process services plans to add 500 jobs in North Carolina by the end of 2018, including 150 in Charlotte. The new jobs will pay an average annual salary of $79,559. Teaneck, N.J.-based Cognizant, a Fortune 500 company, could receive a state grant of more than $5 million if it meets job-creation goals.  

Halle Cos. plans 300-acre mixed-use development near RTP

November 13, 2014

(The News & Observer, Raleigh)

The Halle Cos. plans to build 600 single-family homes, 600 apartments and retail shops on a 300-acre site near Research Triangle Park. The Silver Springs, Md.-based company paid about $10 million to acquire the property. Construction is expected to begin in the spring. 

UNC, CarolinaEast team up to build $30M cancer center in New Bern

November 13, 2014

(Sun Journal, New Bern)

UNC Cancer Care and CarolinaEast Health System announced a partnership that will feature construction of a $30 million cancer center in New Bern. The cancer center will adjoin CarolinaEast's medical center and is expected to be completed in about three years.

BofA fined $250 million over foreign-exchange practices

November 13, 2014

(The Charlotte Observer)

Charlotte-based Bank of America will pay a $250 million civil penalty to resolve a U.S. regulator's claims that it manipulated foreign-exchange rates. New York-based JP Morgan and Citibank were fined $350 million each, and all three banks were ordered to improve oversight of their foreign-exchange trading.

ZeekRewards' Burks due in court Thursday

November 13, 2014

(The Charlotte Observer)

Paul Burks will be arraigned Thursday on charges related to his involvement in the ZeekRewards online investment scheme, which bilked more than $800 million out of investors from more than 150 countries. About 50,000 of the victims lived in North Carolina. Burks, the alleged mastermind of the Ponzi scheme, faces up to 65 years in prison and a $1 million fine.

Chatham Park developer hires veteran business recruiter, planner

November 13, 2014

(The News & Observer, Raleigh)

Preston Development Co. hired Ken Atkins, former director of Wake County Economic Development, to help recruit businesses to Chatham Park, a 7,200-acre planned community that is expected to grow the town of Pittsboro's population from about 4,000 to more than 60,000. Charles R. "Chuck" Smith, a landscape architect with Cary-based Withers & Ravenel, was hired to oversee design.