Charlotte

Concord airport mulls expansion for additional airlines

August 11, 2014

(The Independent Tribune, Concord)

Concord Regional Airport looks to expand as commercial airlines have expressed interest in adding flights there. More than 20,000 passengers have passed through the airport since Las Vegas-based Allegiant Airlines began passenger service in December.

Eco-industrial park gaining momentum in Mecklenburg

August 11, 2014

(Gaston Gazette)

A 667-acre former manufacturing site near Mount Holly has become an incubator for a green-energy businesses. ReVenture Park, located at the site of a former textile-dye manufacturing plant, is now home to 10 companies.

Residents concerned over Ballantyne apartments

August 11, 2014

(The Charlotte Observer)

Ballantyne residents say a proposed apartment complex on land currently zoned for retail would put a strain on local traffic and schools. Terwilliger Pappas Multifamily Partners wants the land, owned by Matthews-based Harris Teeter, rezoned for up to 240 apartment units.

United Airlines to cut 71 jobs at Charlotte Douglas

August 8, 2014

(The Charlotte Observer)

United Airlines will eliminate 71 jobs at Charlotte Douglas International Airport effective Oct. 1. The company says it will outsource the jobs, which include positions such as ticket agents, as a cost-cutting measure.

Chinese manufacturers returning to the Carolinas

August 8, 2014

(The Charlotte Observer)

As labor costs increase in China, textile companies based there are bringing manufacturing jobs back to the U.S., where energy and cotton prices are cheaper.

BofA said to reach settlement with DOJ over mortgage bonds

August 7, 2014

(The Charlotte Observer)

Bank of America has agreed in principle to pay between $16 billion and $17 billion to resolve investigations related to faulty mortgage bonds issued to investors between 2004 and 2008. 

Drone use increasing among Charlotte businesses

August 7, 2014

(The Charlotte Observer)

Charlotte-area businesses aren't waiting for Federal Aviation Administration approval to begin the use of commercial drones. Drones are being used primarily to take aerial photographs and videos for insurance and real-estate companies.

Federal Reserve approves BofA dividend increase

August 7, 2014

(The Charlotte Observer)

The Federal Reserve has approved Bank of America's resubmitted capital plan and will allow the Charlotte-based bank to raise its quarterly dividend from a penny to 5 cents. Unlike the original plan, the resubmitted plan does not include a stock buy-back.

Dollar General considers bid for Family Dollar

August 6, 2014

(The Charlotte Observer)

Dollar General may launch a counterbid to Dollar Tree's $8.5 billion offer to buy Matthews-based Family Dollar Stores, though both the Goodlettsville, Tenn.-based retailer and Family Dollar declined comment.

Charlotte's Premier to acquire software company for $117M

August 6, 2014

(The Charlotte Observer)

Premier Inc. will buy software provider TheraDoc for $117 million, the Charlotte-based health-care services company said Tuesday. TheraDoc is a subsidiary of Lake Forest, Ill.-based Hospira Inc.

Regulators say BofA must improve 'living will'

August 6, 2014

(The Charlotte Observer)

Federal regulators say Charlotte-based Bank of America and 10 other banks must make improvements to "living wills" that outline how they would be dismantled in a time of financial distress. The government required banks to submit the plans to prevent another federal bailout. 

Non-mortgage products boost revenue for Tree.com

August 6, 2014

(The Charlotte Observer)

Charlotte-based Tree.com, parent company of LendingTree, posted record revenue of $42.1 million in the second quarter, due partly to gains in non-mortgage products including education and personal loans.

Extended Stay launches secondary stock offering

August 5, 2014

(The Charlotte Observer)

Extended Stay America announced a stock offering of 21 million shares on Monday. Three investment companies that own Extended Stay shares will receive proceeds from the offering. The Charlotte-based hotel chain went public in November. 

Goodwill to open $20 million Charlotte campus

August 5, 2014

(The Charlotte Observer)

Goodwill Industries will invest $20 million in an 18.5-acre Charlotte campus where it expects to serve more than 10,000 people in its first year. The campus will house a center for job training and placement services, two stores, a credit union and a distribution center. It is expected to open by mid-2016.

Investor sues Family Dollar over sale to Dollar Tree

August 4, 2014

(The Charlotte Observer)

A Family Dollar investor filed a lawsuit claiming the company's board of directors failed to shop around for the highest price when it agreed to sell the Matthews-based retailer to Chesapeake, Va.-based Dollar Tree Inc. for $8.5 billion.

$700M urban village coming to uptown Charlotte?

August 4, 2014

(The Charlotte Observer)

A Charlotte developer has been planning an "urban village" in an eight-block area of uptown's First Ward since the 1990s. It may finally get off the ground if Mecklenburg County commissioners approve Levine Properties' latest plan, which includes a 3.2-acre park, apartments, offices and hotels, at its meeting on Tuesday. 

Concord waterworks company expands with acquisition

August 4, 2014

(The Independent Tribune, Concord)

Concord-based Fortiline Waterworks has acquired Hartford, Ky.-based Construction Site Services. Fortiline provides water, sewer and storm-utility products including pipes and valves through 33 distribution centers in 12 states.

Time Warner Cable will bolster Charlotte services

August 1, 2014

(Charlotte Observer)

Facing a growing field of competitors, Time Warner Cable will upgrade its TV and Internet service in Charlotte and six other metros next year.

BofA ups its settlement offer

August 1, 2014

(The New York Times)

Charlotte-based Bank of America raised its settlement offer — to $14 billion — in negotiations with federal prosecutors to resolve investigations into the bank's selling of troubled mortgage securities before the financial crisis.

'Hustle' hands BofA $1.3 billion in civil penalities

July 31, 2014

(Charlotte Observer)

A federal judge ordered Charlotte-based Bank of America to pay $1.3 billion after a jury said its Countrywide unit knowingly sold bad home loans to Fannie and Freddie.