Charlotte

AIG selects uptown Charlotte site for technology center

March 10, 2014

(The Charlotte Observer)

American International Group will open its new Charlotte technology center at the BB&T Center in uptown this summer. The insurance company announced last December it would open the software-development center and create 230 jobs with an average annual salary of about $100,000.

Business students present marketing ideas for Salisbury's Cheerwine

March 10, 2014

(The Salisbury Post)

Salisbury-based Cheerwine solicited marketing ideas from its core demographic – college students – at a global marketing summit the soft-drink company sponsored at Wake Forest University's Center for Retail Innovation.

New outlet mall in Charlotte will open in July

March 10, 2014

(The Charlotte Observer)

Charlotte Premium Outlets in southwest Charlotte is expected to open in July. The joint venture between Tanger Factory Outlet Centers and Simon Property Group will have 400,000 square feet or retail space and about 90 tenants.

Red Ventures moving 280 jobs to Charlotte area

March 7, 2014

(The Charlotte Observer)

Red Ventures says it will move 280 jobs to its headquarters site in Indian Land, S.C. and Charlotte. The marketing-services company will close its operations in San Antonio and Miami in an effort to move all employees closer together. All but 55 of the affected employees will be offered the opportunity to relocate to the Charlotte area.

Movie studio project for Charlotte's Eastland Mall site in jeopardy

March 7, 2014

(The Charlotte Observer)

Although a formal decision has not been made, it appears the Charlotte City Council will not to extend developer Bert Hesse's exclusive window to make a deal with the city regarding the Eastland Mall site. Hesse wanted to develop the site into movie studios, but council members say he has produced little information about the project's financing.

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.

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.