Business

Cold weather boosts Piedmont Gas earnings

March 7, 2014

(The Charlotte Observer)

Charlotte-based Piedmont Natural Gas reported net income of $97.6 million for the first quarter, almost 14% higher than the same period a year ago. Total revenue for the quarter was up 28% to $657 million.

Hendersonville must decide on future for hosiery mill property

March 7, 2014

(Hendersonville Times-News)

A tax credit for potential developers of the Grey Hosiery Mill property in Hendersonville will expire later this year, forcing city council members to make a decision on the future of the historic property.

Charlotte says Orr responsible for parking rate increase at Charlotte Douglas

March 6, 2014

(The Charlotte Observer)

A report from the Charlotte city manager's office says the city had to increase parking rates at Charlotte Douglas International Airport because former Aviation Director Jerry Orr did not plan for expenses associated with tearing down old parking decks. The airport began raising parking rates by 40% to 50% last month.

NAACP protests closing of Vidant Pungo Hospital

March 6, 2014

(The News & Observer, Raleigh)

The NAACP is protesting Greenville-based Vidant Health's decision to close its rural hospital in Belhaven. Vidant Pungo, scheduled to close on April 1, is the only emergency-care provider in the area and serves 25,000 people. Vidant says its decision was based on the state's refusal to expand Medicaid.

Charlotte's Park Sterling to buy Rock Hill-based community bank

March 6, 2014

(The Charlotte Observer)

Charlotte-based Park Sterling Bank Corp. will acquire Rock Hill, S.C.-based Provident Community Bancshares in a deal worth $6.5 million. The upcoming TARP deadline is prompting many small banks to consider acquisitions by larger banks better capable of repaying their debt obligations.

Wilmington may join other NC cities courting Stone Brewing Co.

March 6, 2014

(Greater Wilmington Business Journal)

Wilmington leaders will consider submitting a proposal for Escondido, Calif.-based Stone Brewing Co. to open a new East Coast brewery there that would bring an estimated 370 jobs. According to Stone's senior construction manager, Asheville, Charlotte and Greensboro have been actively working to recruit the brewing operation. The company is accepting proposals through March 15.

Bag manufacturer to create 50 jobs in Forest City

March 6, 2014

(The Shelby Star)

Portland, Ore.-based Bonita Manufacturing Products will open a plant in Rutherford County and create 50 jobs. The packaging-products manufacturer will invest $2.8 million in the plant where it will make and distribute twisted-paper handles for shopping and gift bags.

Kannapolis to look at moving Intimidators to downtown stadium

March 6, 2014

(Independent Tribune, Concord)

The Kannapolis City Council will consider building a new downtown stadium for the Intimidators, its minor-league baseball team. Supporters claim ticket sales could increase by 50% or more and moving the stadium would increase foot traffic downtown and help revitalize the area.

Researchers at NC State create new Android system to prevent malware

March 6, 2014

(The News & Observer, Raleigh)

Researchers at N.C. State University have developed a new cloud-based security system called "AirBag" for Android users to keep malware from affecting smartphones and tablets.

Bank of America to offer new checking option

March 6, 2014

(The Charlotte Observer)

Bank of America will introduce a new checking-account option with a flat-rate monthly fee designed to appeal to low-income customers. The Charlotte-based bank hopes its "Safe Balance" offering, with a $4.95 monthly fee, will compete with pre-paid debit cards, which have grown in popularity with that market segment.