Charlotte

Opposition grows over proposed Asheville power plant

February 16, 2016

(The Charlotte Observer)

Opponents of Duke Energy's plans to build two natural-gas power plants in the Asheville region will have to submit written critiques; a quick 45-day approval process requested by legislators leaves no time for customary hearings.

BofA's Moynihan earned $16M in 2015

February 15, 2016

(The Charlotte Observer)

Bank of America CEO Brian Moynihan's total compensation last year included a base salary of $1.5 million — unchanged from 2014 —  and $14.5 million in stock. Moynihan's total pay is higher than the $13 million he earned the year before and is the most he's been paid since becoming CEO in 2010.

Utah furniture company to open distribution center in Spencer

February 15, 2016

(The Salisbury Post)

Intercon Furniture plans to open a 100,000-square-foot warehouse and distribution center in Rowan County. The Utah-based, family-owned company plans to initially hire 15 people.

Charlotte's Packard Place partners with HQ Raleigh

February 15, 2016

(The Charlotte Observer)

The co-working segment of Packard Place, a startup hub in downtown Charlotte, will be rebranded as HQ Charlotte, joining the network that includes HQ Raleigh and HQ Greensboro. Members, who pay a monthly fee for access to a shared workspace, will be able to work at any of the locations under the HQ umbrella.

New call center will create 350 jobs in Charlotte

February 12, 2016

(The Charlotte Observer)

Republic Services will invest $6.8 million in a customer-service center in Charlotte.The Phoenix-based company provides recycling and waste-collection services in 39 states. Republic plans to hire 350 people over the next three years.

BofA stock slides; shares now trading at 2012 levels

February 12, 2016

(The Charlotte Observer)

Shares of Charlotte-based Bank of America were trading at $10.99 Thursday, the lowest since December 2012. Shares closed Thursday at $11.16. Analysts said uncertainty about future interest rate increases are affecting BofA's stock performance, along with declining oil prices and concerns over the global economy.

Charlotte-based manufacturer moving HQ to Phoenix

February 12, 2016

(The Charlotte Observer)

The Carlisle Cos. said it will move its headquarters from Charlotte to Phoenix by the end of 2016. The diversified manufacturer employs about 80 people in its Charlotte office.

Texas hospital exec tapped as new Carolinas HealthCare CEO

February 11, 2016

(The Charlotte Observer)

Charlotte-based Carolinas HealthCare System named Eugene Woods its new chief executive officer. Woods, 51, is president and chief operating officer of Christus Health, an Irving, Texas-based group comprising more than 50 hospitals, and he is chairman-elect of the American Hospital Association. Longtime Carolinas HealthCare CEO Michael Tarwater will retire in June.

CLT breaks passenger record in 2015

February 11, 2016

(The Charlotte Observer)

Charlotte Douglas International Airport saw 44.9 million passengers in 2015, up 1% from the previous year and up 59% from 10 years ago. About 80% of passengers use the airport for connecting flights.

NC fines Duke Energy $6.6M over coal-ash spill

February 10, 2016

(The News & Observer, Raleigh)

Two years after a stormwater pipe ruptured and 39,000 tons of coal ash flowed into the Dan River, the N.C. Department of Environmental Quality fined Duke Energy $6.6 million for violations related to the spill.

Advertisers won't snub 'sore loser' Newton

February 10, 2016

(The Charlotte Observer)

Cam Newton's sulking press-conference performance after the Super Bowl isn't likely to affect future endorsements, marketing experts say. Forbes estimated Newton earned $10 million in 2015 from endorsements including Under Armour, Beats by Dre and Belk. "I've been on the record to say I'm a sore loser," Newton said Tuesday.

Carolinas HealthCare could name Tarwater's replacement Thursday

February 10, 2016

(The Charlotte Observer)

Carolinas HealthCare System could name its new CEO at a special board meeting Thursday morning. Michael Tarwater, who has led the Charlotte-based hospital system since 2002, is retiring in June.
Related: Carolinas HealthCare CEO was paid $6.6 million

Tyson Foods adding 56 jobs in Monroe

February 10, 2016

(The Charlotte Observer)

Springdale, Ark.-based Tyson Foods will proceed with a $5 million expansion at its chicken processing plant in Monroe. The expansion will add 56 jobs; the company currently employs about 1,500 people at the plant. The city of Monroe and Union County are offering about $225,000 in incentives.

Aquesta preps to open first Wilmington branch

February 9, 2016

(The Charlotte Observer)

Cornelius-based Aquesta Bank received regulatory approval to open its first branch outside the Charlotte metro area. The new Wilmington branch will allow it to build on its presence there; Aquesta opened an insurance-services office there more than eight years ago. Aquesta has seven branches and had $293 million in assets at the end of 2015.

President of NewDominion Bank steps down

February 9, 2016

(The Charlotte Observer)

Marc Bogan, president and chief operating officer of Charlotte-based NewDominion Bank, is leaving to pursue other opportunities, specifically to pursue his dream of becoming CEO of a community bank.

Truslow to become CFO of Charlotte's Park Sterling

February 8, 2016

(The Charlotte Observer)

Don Truslow, former chief risk officer at Wachovia until his retirement from the company in 2008, will become chief financial officer of Park Sterling Bank, replacing David Gaines, who is leaving at the end of March. Truslow most recently was a senior adviser at Deloitte & Touche.

DOT: Work on Charlotte's Independence could resume in March

February 8, 2016

(The Charlotte Observer)

Construction to widen Charlotte's Independence Boulevard could resume by the end of March, according to the N.C. Department of Tranportation. Michigan-based contractor DeVere stopped working on the project last week due to a financial dispute with the state.

Tony Zeiss, president of CPCC, to retire

February 5, 2016

(The Charlotte Observer)

Longtime Central Piedmont Community College President Tony Zeiss said Thursday he will retire in July. Zeiss, 70, has led the Charlotte college since 1992. During his tenure, enrollment soared to 70,000 students and the school grew from one campus to six.

Carolinas HealthCare CEO earns 26% more in 2015

February 5, 2016

(The Charlotte Observer)

Michael Tarwater, CEO of Charlotte-based Carolinas HealthCare System, received $6.6 million in total compensation in 2015 compared with $5.3 million the previous year. A company spokeswoman said part of the increase is related to Tarwater's pending retirement in June. He has worked for the $8 billion hospital system for 35 years.

Lowe's to acquire Canada-based Rona for $2.3B

February 4, 2016

(The Charlotte Observer)

Mooresville-based Lowe's will pay $2.3 billion for Rona, a home-improvement retailer with almost 500 stores. In 2012, the Canadian company rejected a hostile bid by Lowe's. "We're in a much better place than we were in 2012," Lowe's CEO Robert Niblock said.