Business

Wells Fargo most valuable U.S. bank ever

December 9, 2014

(The Charlotte Observer)

With a market capitalization of $285.5 billion, Wells Fargo is now the most valuable U.S. bank ever, according to data compiled by Bloomberg based on shares outstanding as of Oct. 31. The San Francisco-based bank's largest employee base is in Charlotte, where it has about 22,100 workers.

American Airlines plans $2B in upgrades

December 9, 2014

(The Charlotte Observer)

American Airlines plans to spend $2 billion to upgrade its planes and hubs, including Charlotte Douglas International Airport. Renovations will include faster kiosks at check-in counters and gates, work stations near gates and new seatback entertainment systems on planes. American, which operates more than 90% of CLT's daily flights, merged with US Airways last December.

Three eastern NC hospitals in talks to form joint venture

December 9, 2014

(The Daily News, Jacksonville)

Onslow Memorial Hospital has entered into exclusive negotiations with Greenville-based Vidant Health and New Bern-based CarolinaEast Health System to discuss forming a partnership that will allow patients access to more providers and services.

AT&T's gigabit Internet service now available in some areas

December 9, 2014

(WRAL TechWire)

AT&T has rolled out its GigaPower ultra-fast Internet service, which is 100 times faster than standard service, in four Triangle cities and Winston-Salem. The telecommunications provider plans to add the service in Durham, Charlotte and other North Carolina cities later.

NC approves Duke Energy's $500M solar expansion plans

December 9, 2014

(The Charlotte Observer)

The North Carolina Utilities Commission has approved Duke Energy's plans to invest $500 million in solar-energy projects. The Charlotte-based utility will begin construction on solar arrays in Bladen, Duplin and Wilson counties in early 2015 and will purchase five additional solar-generation projects.

Asheville may increase housing density rules

December 9, 2014

(Asheville Citizen-Times)

The Asheville City Council could vote Tuesday on rules that would increase housing density as much as 400% per acre in 11 of the city's 32 zoning districts. Under the new rules, developers could build up to 40 units per acre.

Wilmington's Envision Mortgage to merge with Raleigh's North State Bank

December 9, 2014

(Greater Wilmington Business Journal)

Wilmington-based Envision Mortgage will merge with Raleigh-based North State Bank Mortgage. Financial terms of the deal, which is expected to close Dec. 31, were not disclosed. North State Bank has seven offices in New Hanover and Wake counties.

Charlotte approves $16M for coliseum upgrades

December 9, 2014

(The Charlotte Observer)

Charlotte City Council approved $16 million in renovations for Bojangles' Coliseum, including $4 million for ice-making equipment, new seats and a new scoreboard for the Charlotte Checkers, the city's minor-league hockey team. The Checkers will move to the east Charlotte coliseum from uptown's Time Warner Cable Arena for the 2015-16 season.

Chapel Hill CEO killed in Maryland plane crash

December 9, 2014

(The News & Observer, Raleigh)

Michael Rosenberg, president and CEO of a Durham-based clinical research company, died Monday in a plane crash in Gaithersburg, Md. Rosenberg, who lived in Chapel Hill, founded Durham-based Health Decisions in 1989 and was a former manager at the National Centers for Disease Control and Prevention. Two other people on board the plane and three people on the ground also died in the crash.

Movement Mortgage reaches employment milestone

December 9, 2014

(The Charlotte Observer)

As the mortgage market continues moving toward home purchasing rather than refinancing, Virginia Beach, Va.-based Movement Mortgage announced it has hired its 1,500th employee. Co-founded in 2008 by ex-Carolina Panther Casey Crawford, the mortgage bank now employs about 200 in Charlotte ("Catching a Break," July).