Business

2-megawatt solar farm nears completion in Henderson County

June 16, 2014

(Hendersonville Times-News)

A 13-acre, $5 million solar farm in Henderson County will be generating renewable energy within about 60 days, according to the developer. Meanwhile, two other farms proposed for the county won't be built because of higher-than-expected expenses.

Former CertusBank execs want a jury trial

June 16, 2014

(The Charlotte Observer)

Three co-founders of Greenville, S.C.-based CertusBank who filed a lawsuit over their firings in April want a jury trial, where they can defend their reputations in a public forum. CertusBank was started in Charlotte by former Bank of America and Wachovia executives.

Fayetteville VA Medical Center gets $7.4M to expand services

June 13, 2014

(The Fayetteville Observer)

In an effort to relieve excessive wait times for patients, the U.S. Department of Veterans Affairs approved $7.4 million for the Fayetteville VA Medical Center to extend hours and increase contracts with off-site providers. A nationwide audit recently revealed the Fayetteville VA has the longest wait times in the U.S.

Lenovo expands in Connecticut, could grow in NC too

June 13, 2014

(WRAL TechWire)

Computer-maker Lenovo could expand in North Carolina, according to a company executive. Beijing-based Lenovo, which has its North American headquarters in Morrisville, announced the opening of a 10,000-square-foot office in Danbury, Conn., but the company says that project will not impact its North Carolina operations.

Charlotte's Pamlico Capital to buy South Dakota broadband networks

June 13, 2014

(The Charlotte Observer)

Charlotte-based private equity firm Pamlico Capital will pay $262 million to buy broadband networks in South Dakota from Englewood, Colo.-based Wow Internet, Cable and Phone. 

High Point Kmart store to close in September

June 13, 2014

(News & Record, Greensboro)

Sears Holdings will close a Kmart store in High Point in mid-September, affecting 71 employees. Some eligible workers will be able to apply for positions at other Sears and Kmart stores in the area.

Durham approves deal for AT&T fiber network

June 13, 2014

(The News & Observer, Raleigh)

Durham joins Cary and Winston-Salem in approving an agreement for AT&T to build a local fiber network that will enable the telecommunications company to provide Internet speeds up to 20 times faster than most broadband networks. Construction will begin in the next few weeks.

Charlotte buses to add routes for airport travelers

June 13, 2014

(The Charlotte Observer)

Charlotte's transit system will add two new bus routes next week to shuttle people from terminals at Charlotte Douglas International Airport to remote park-and-ride lots. The shuttles will help the airport deal with congestion this summer while new hourly parking decks are under construction.

Rod Higgins out as head of basketball ops at Charlotte Hornets

June 13, 2014

(The Charlotte Observer)

The Charlotte Hornets announced that Rod Higgins has stepped down as president of basketball operations just two weeks before the NBA draft.

BofA, Justice Department deadlocked over mortgage settlement

June 12, 2014

(The Charlotte Observer)

Negotiations to resolve investigations into Bank of America's role in the mortgage crisis have stalled. The Charlotte-based bank had offered to pay a settlement of more than $12 billion, which was less than the $17 billion the Justice Department had sought. The United States is said to be preparing a civil complaint against the bank.