Charlotte

Hilton to build hotel in Charlotte's First Ward

October 16, 2014

(The Charlotte Observer)

Hilton Hotels announced plans to build a hotel in uptown Charlotte's First Ward on land owned by Charlotte developer Levine Properties. Construction could begin in 2016 on a new lifestyle hotel brand called Canopy by Hilton.

Cannon sentenced to 44 months in prison

October 15, 2014

(The Charlotte Observer)

A federal judge sentenced former Charlotte Mayor Patrick Cannon to 44 months in prison on public corruption charges. Cannon pleaded guilty in June to accepting more than $50,000 in bribes from undercover FBI agents posing as developers and from a local businessman. 

Siemens to acquire Charlotte software company

October 15, 2014

(The Charlotte Observer)

Munich-based engineering company Siemens AG will acquire Charlotte-based Camstar Systems, an industrial software provider with 250 global employees, including about 100 in Charlotte. Financial terms were not disclosed. The deal is expected to close in late November.

Ruling blocks commission from running Charlotte airport

October 14, 2014

(The Charlotte Observer)

A Superior Court judge issued a permanent injunction that blocks a 13-member state-appointed commission from running Charlotte Douglas International Airport. Judge Robert Ervin's ruling leaves the door open for the FAA to rule in favor of the commission, though the agency said last month it wouldn't consider an application to transfer control of the airport because the city hasn't requested it.

More details on new business at Philip Morris plant coming Oct. 28

October 14, 2014

(The Charlotte Observer)

The new owner of the former Philip Morris plant in Concord will make a jobs announcement on Oct. 28, a company spokesman said Monday. Victory Industrial Park paid $68.5 million for the 2,100-acre campus in April. The company's ads on Careerbuilder.com indicate the company makes batteries for commercial applications and electric cars.

Concord Regional to expand airport ramp

October 14, 2014

(The Independent Tribune, Concord)

Concord Regional Airport will use $4.37 million in federal grant money to expand a ramp, which will relieve congestion and allow more planes to park at the airport. 

Carolina Panthers could fetch up to $1.7 billion

October 13, 2014

(The Charlotte Observer)

Though the Carolina Panthers aren't believed to be for sale, sports business experts say the NFL team could bring in between $1.1 billion and $1.7 billion. NFL owners recently approved the sale of the Buffalo Bills for $1.4 billion, and experts say Charlotte is a more attractive market for an NFL team.

NC Research Campus ready for growth

October 13, 2014

(The Charlotte Observer)

While the recession stalled growth at North Carolina Research Campus in Kannapolis, the campus will soon begin more independent research and plans to make a major corporate announcement within a month or so. David Murdock, who opened the campus in 2008, announced earlier this month he will give $15 million a year to the center's research lab that bears his name.

33-story Charlotte office tower sold

October 13, 2014

(The Charlotte Observer)

Trinity Capital Advisors and New York-based DRA Advisors have bought the 584,000-square-foot 400 South Tryon office tower in uptown Charlotte. The 33-story building is 92% occupied, mostly by Charlotte-based Duke Energy. Charlotte-based Trinity Capital recently announced it will build a 14-story office tower at Morehead and Tryon streets near uptown.

Former Charlotte mayor awaits sentencing

October 13, 2014

(The Charlotte Observer)

Former Charlotte Mayor Patrick Cannon will be sentenced Tuesday on corruption charges. Cannon, 47, was arrested March 26 and pleaded guilty in June to accepting bribes totaling $50,500 from a local businessman and undercover agents between January 2013 and February 2014. The maximum sentence is 20 years, though prosecutors promised not to ask for a sentence of more than four to five years  in exchange for Cannon's guilty plea.

Judge will consider arguments in battle over Charlotte airport

October 10, 2014

(The Charlotte Observer)

Superior Court Judge Robert Ervin will hear arguments Friday from the city of Charlotte and the state over who should be in charge of Charlotte Douglas International Airport. At a hearing almost a year ago, Ervin said the FAA needed to decide on the matter. The FAA said a month ago it hasn't begun looking into the situation.

Cornelius wins Google's eCity award

October 10, 2014

(WRAL TechWire)

Google chose Cornelius, a city of about 25,000 in north Mecklenburg County, as a recipient of its 2014 eCities of America awards. Winner were chosen by measuring the online strength of small businesses who use the Internet to start and develop their businesses. The Mountain View, Calif.-based tech company chose one winner in each of the 50 states.

Family Dollar profits fall after closing stores

October 10, 2014

(The Charlotte Observer)

Amid uncertainty over who will win the battle to acquire Family Dollar, the discount retailer's profits fell by two-thirds in the company's fourth quarter. The Matthews-based company, which has spent more than $65 million in a restructuring that included closing 375 stores, reported profits of $35 million compared with $102 million for the same quarter a year ago.

Charlotte gains more talented newcomers

October 10, 2014

(The Charlotte Observer)

Charlotte's growth rate between 2003 and 2013 was nearly three times the national rate, and its diversifying economy is attracting more educated newcomers to the city, according to a recent study by Atlanta-based Market Street Services.

Charlotte's Carlisle Cos. to buy Minneapolis paint business for $590M

October 9, 2014

(The Charlotte Observer)

Carlisle Cos. will pay $590 million in cash for Minneapolis-based Graco's liquid paint-finishing business. If regulators approve the deal, the purchase will give the Charlotte-based manufacturer a fifth business segment, which will be known as Carlisle Fluid Technologies. The company sold its underperforming transportation segment last year.

Aramark opens healthcare training and technology center in Charlotte

October 9, 2014

(The Charlotte Observer)

Philadelphia-based Aramark opened a Technology & Innovation Center in the same business park as its existing operations near uptown Charlotte. The 105,000-square-foot space will be used as a training center for the company's biomedical technicians and engineers and to test medical equipment before it is distributed to hospitals and health-care systems.

Convergys to hire 400 at Charlotte call center

October 8, 2014

(The Charlotte Observer)

Cincinnati-based Convergys will hire 400 full-time workers at one of its two Charlotte call centers. The customer service company employs 1,200 in Charlotte. 

Study: Charlotte airport lacks high-end amenities

October 8, 2014

(The Charlotte Observer)

A recent survey found that Charlotte Douglas International Airport lacks amenities such as gyms and light-rail access it needs to remain competitive with other major hubs. The airport tied for last among the nation's 20 largest airports in the study conducted by Global Gateway Alliance.

Shelby residents oppose local solar projects

October 8, 2014

(The Shelby Star)

Solar is booming in North Carolina, but many Cleveland County residents still have a "not in my backyard" mentality toward the projects. City and county officials rejected two proposed solar projects last month after property owners voiced concern about appearance and potential effects on property values.

Three Family Dollar execs get retention awards

October 8, 2014

(The Charlotte Observer)

Matthews-based Family Dollar Stores said it will give three top executives retention awards to stay with the company through December 2015. CFO Mary Winston, executive vice president for store operations Barry Sullivan and general counsel James Snyder will receive awards totaling $550,000.