Charlotte

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.

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.

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.

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.

Shelby's Rogers Automotive to be sold to Charlotte group

March 6, 2014

(The Shelby Star)

Rogers Automotive Group, a Cleveland County auto dealership open for more than 50 years, will be sold to Charlotte-based Donald Automotive Group.

Duke Energy reveals more metal pipes at coal power plants

March 6, 2014

(The News & Observer, Raleigh)

Duke Energy has found eight more corrugated-metal pipes as North Carolina power plants where coal ash is stored, including a second one at the Dan River plant that has been found to be leaking. The utility previously reported the broken pipe that led to the coal-ash spill in Eden was the only one made of metal.

 

Charlotte-based union of US Airways pilots files lawsuit over seniority

March 5, 2014

(The Charlotte Observer)

A union representing US Airways pilots has filed a lawsuit over who should have seniority after the airline's merger with American Airlines. Seniority is a factor in deciding which routes and planes pilots fly, which determines how much money they make. 

Charlotte to host CIAA tournament for six more years

March 4, 2014

(The Charlotte Observer)

The CIAA announced it will keep its annual basketball tournament in Charlotte for another six years, and it will relocate its headquarters there from Hampton, Va. After tournament officials said they may seek proposals from other cities to host the tournament after this year, the Charlotte Regional Visitors Authority increased its financial commitment to the CIAA from $1 million to $1.4 million. 

Plan to redevelop Rock Hill, SC mill district could bring 1,000 jobs

March 4, 2014

(The Charlotte Observer)

Developers unveiled a plan for a redevelopment of Rock Hill, S.C.'s former textile district they say will create 1,000 jobs. Knowledge Park is a 23-acre tract that would connect Rock Hill to Winthrop University and would include student housing, office space, retail space and senior housing.

Textile manufacturing making a comeback in Rowan County

March 3, 2014

(The Salisbury Post)

Though the jobs are more technical than the manual-labor positions of the past, a local economic-development leader says the textile and apparel manufacturing industry is bringing employment back to its highest level in ten years.  

Questions rise over Duke Energy's Riverbend plant near Charlotte

March 3, 2014

(The Charlotte Observer)

Duke Energy's retired Riverbend power plant, and two coal-ash ponds with four times the capacity of those at its Dan River plant, are protected from Charlotte's largest drinking source, Mountain Island Lake, by two 80-foot dams. A water-quality official from Mecklenburg County says a spill there would be catastrophic.

DENR issues violations against Duke Energy over coal-ash spill; fines likely

March 3, 2014

(The Charlotte Observer)

The state Department of Environment and Natural Resources issued two notices to Duke Energy for violation of environmental standards related to the Dan River coal-ash spill. The utility will be cited for failing to have a stormwater permit for the Dan River plant and for failing to prevent the spill and maintaining water quality standards in the river. 

Wells Fargo cuts more jobs in mortgage division

February 28, 2014

(The Winston-Salem Journal)

Wells Fargo will lay off 25 more mortgage workers in Charlotte and three in Wilmington. The San Francisco-based bank which has a regional headquarters in Charlotte announced 700 nationwide layoffs in this round of cuts. The layoffs follow deep cuts in its mortgage division last August and September.

Bank of America protests $2.1 billion federal penalty

February 28, 2014

(The Charlotte Observer)

Bank of America says a federal government request for the bank to pay a $2.1 billion penalty over bad home loans its Countrywide division sold to Fannie Mae and Freddie Mac is unfair and legally flawed.

NY investment firm opens lending office for rental-home owners in Charlotte

February 28, 2014

(The Charlotte Observer)

BR2 Finance, a subsidiary of New York investment firm Blackstone Group, has opened a Charlotte office where it currently has 10 employees. The company loans money to landlords who wish to purchase more rental properties as investments. 

Leader of Charlotte airport commission asks FAA to weigh in over who's in charge

February 28, 2014

(The Charlotte Observer)

The chairman of the Charlotte Douglas Airport Commission has asked the Federal Aviation Administration to speed up its decision over whether the independent commission or Charlotte City Council should run the airport. Robert Stolz says city and state officials have failed to reach a compromise over who should control the airport.

Mortgage company selects Charlotte for headquarters

February 27, 2014

(The Charlotte Observer)

Irongate Home Finance will establish its headquarters in downtown Charlotte and will hire 125 people over the next 18 months. The mortgage company anticipates hiring 75 to 100 people per year through 2019. CEO Mark Marashlian said Charlotte's reputation as the second-largest banking center in the country contributed to the company's decision to locate there.

Advocacy group says Duke Energy paid no federal taxes from 2008-2012

February 27, 2014

(The News & Observer, Raleigh)

Citizens for Tax Justice issued a report that claims a corporate tax loophole allowed Charlotte-based Duke Energy to avoid paying federal taxes in recent years. A Duke spokesman says the company's taxes were lowered by bonus depreciation rules and that the utility pays hundreds of millions of dollars in state and local taxes each year.

Premier Inc. partners will racetrack alliance to provide concessions

February 27, 2014

(The Charlotte Observer)

Charlotte-based Premier Inc. will provide food-service concessions to members of Speedway Benefits, a Charlotte-based alliance of grassroots racetracks which has about 300 members. The health-services company also provides supply-chain services to non-health-care groups.

Publix opens first NC store today in Charlotte

February 26, 2014

(The Charlotte Observer)

Publix Super Markets opens its first store in North Carolina today in Charlotte's Ballantyne area. The Lakeland, Fla.-based grocery store chain plans to open 14 supermarkets in Charlotte over the next two years, as well as stores in Asheville, Cary and Winston-Salem.