Charlotte

Amazon fulfillment center prepares for busy shipping season

December 1, 2014

(The Independent Tribune, Concord)

Online retailer Amazon has hired about 400 seasonal workers at its new Concord fulfillment center in preparation for holiday shopping. The company announced in September it would occupy 222,500 square feet at Concord Airport Business Park, but there was no official grand opening.

CEO of Charlotte's National Gypsum named to Fed board

December 1, 2014

(The Charlotte Observer)

Tom Nelson, CEO of Charlotte-based National Gypsum since 1999, was elected a director of the Federal Reserve Bank of Richmond. Nelson will begin a three-year term as a Class B director in January. He succeeds Marshall Larsen, retired CEO of Goodrich Corp.

Recount confirms Beasley's court race win

November 26, 2014

(The News & Observer, Raleigh)

Cheri Beasley, an associate justice, was confirmed the winner in the statewide N.C. Supreme Court race after a recount was completed Monday. The final tally showed Beasley received 5,410 more votes than opponent Mike Robinson, a Winston-Salem lawyer, out of more than 2.4 million votes cast. Beasley was appointed to the seat in 2012. 

Charlotte home prices rise in September

November 26, 2014

(The Charlotte Observer)

As home sale prices nationally continued to slow in September, the Charlotte area posted higher year-over-year appreciation compared with August. Prices were 3.3% higher than September a year ago, while August saw a 2.5% annual gain. Dallas was the only other city to post higher gains.

Catholic charity organization asks BofA to split CEO, chairman roles

November 25, 2014

(The Charlotte Observer)

Citing concern over Bank of America's continuing penalties and settlements, New Jersey-based Sisters of Charity of St. Elizabeth asked the Charlotte-based bank to reverse its decision to name CEO Brian Moynihan chairman. The shareholder joins the California State Teachers' Retirement System and New York City Comptroller Scott Stringer in calling for the bank to separate the leadership roles.

Charlotte Checkers want $4M renovation of Bojangles' Coliseum

November 25, 2014

(The Charlotte Observer)

The Charlotte Checkers will return to Bojangles' Coliseum in 2015-16 if the city agrees to spend $16 million in renovations. That's $4 million more than the city had already planned to spend on coliseum upgrades, and an agreement would represent the first time public funds have subsidized the minor-league hockey team, which has played at uptown's Time Warner Cable Arena since 2005.

Atlanta developer to build second SkyHouse apartment tower in Charlotte

November 24, 2014

(The Charlotte Observer)

Atlanta-based Novare Group said it has acquired land in uptown Charlotte and will begin construction on a second SkyHouse apartment tower next year. A two-story motel will be demolished by year-end to make way for the project. Construction on the first phase of SkyHouse Uptown, a 24-story, $63 million tower, is expected to be completed in mid-2015. 

Dollar Tree expects FTC approval of Family Dollar deal

November 21, 2014

(The Charlotte Observer)

Dollar Tree CEO Bob Sasser said Thursday he expects federal antitrust regulators will approve his company's proposed $8.5 billion acquisition of Matthews-based Family Dollar Stores without requiring it to divest too many stores. The companies agreed to sell as many as 500 stores, though Sasser told analysts he expects that number will be smaller, which could make the deal more attractive to shareholders.

CLT parking deck opens in time for Thanksgiving travel

November 21, 2014

(The Charlotte Observer)

Charlotte Douglas International Airport's new $120 million hourly parking deck opened Thursday, adding 4,000 new public-parking spaces and 3,000 spaces for rental cars. The 3.2 million-square-foot parking deck is twice the size of Charlotte's SouthPark mall.

Charlotte economic-development leaders earn more in 2013

November 21, 2014

(The Charlotte Observer)

Compensation for leaders of Charlotte's three economic-development groups increased in 2013, according to recent tax filings. Charlotte Chamber President Bob Morgan earned $404,368, up 2% over the previous year, while Michael Smith of Charlotte Center City Partners saw a pay increase of 8% and Ronnie Bryant of the Charlotte Regional Partnership received a 5% raise.

Family Dollar delays shareholder vote on Dollar Tree merger

November 20, 2014

(The Charlotte Observer)

Matthews-based Family Dollar Stores rescheduled a shareholder vote on its planned acquisition by Chesapeake, Va.-based Dollar Tree to allow the Federal Trade Commission more time to review the deal. The vote on the $8.5 billion deal is now scheduled for Dec. 23. Family Dollar's stock remained above $78 a share Wednesday, higher than Dollar Tree's offer price of $74.50 a share.

More charges filed against Cornelius payroll company

November 20, 2014

(The Charlotte Observer)

Federal prosecutors have filed additional charges against a Cornelius-based payroll company accused of defrauding more than 100 clients. James William Staz of Iron Station and his father, William James Staz of Huntersville, are accused of stealing more than $11 million from at least 113 clients of Employee Services Net. The new charges bring the total number of counts to 16.

BofA ranks lowest in customer satisfaction for fourth straight year

November 19, 2014

(The Charlotte Observer)

Bank of America ranked lowest among large U.S. banks in the American Customer Satisfaction Index and is the only large bank whose customer-satisfaction rating remains below pre-recession levels. Its score of 69 out of a possible 100 is unchanged from last year. The index is part of a annual report compiled by Ann Arbor, Mich.-based market-research firm ACSI.

Chiquita CEO could get $15.4M payout after acquisition

November 19, 2014

(The Charlotte Observer)

Chiquita CEO Ed Longeran could receive a golden parachute worth $15.4 million if he loses his job after Brazilian companies Cutrale and Safra Group acquire the Charlotte-based produce company. The new owners haven't said if they will move jobs from Chiquita's Charlotte headquarters, where the company employs about 320, when the deal closes, which could be by year-end.

Concord looks to end contract with Duke Energy in 2019

November 18, 2014

(The Independent Tribune)

Concord city officials unanimously approved a decision to pursue a contract with NTE Energy when the city's 10-year contract with Duke Energy ends in 2019. St. Augustine, Fla.-based NTE is a privately held startup company that is building three natural-gas fired power generation plants, including one in Kings Mountain (Statewide, April).

Cannon reports to federal prison Tuesday

November 18, 2014

(The Charlotte Observer)

Patrick Cannon will begin serving a 44-month sentence in a West Virginia federal prison on Tuesday. The former Charlotte mayor pleaded guilty to accepting more than $50,000 in bribes from a local businessman and undercover FBI agents. Cannon could return home or to a Charlotte halfway house in fewer than two years if he participates in a nine-month drug-abuse treatment program and is awarded good-behavior incentives available to federal inmates.

Charlotte asks FAA to rule in airport dispute

November 17, 2014

(The Charlotte Observer)

The city of Charlotte has asked the Federal Aviation Administration to issue a ruling that would allow it to continue running Charlotte Douglas International Airport. An October 13 decision by a Superior Court judge barred a 13-member state-appointed commission from assuming control of the airport.

BofA's rating for community lending downgraded

November 17, 2014

(The Charlotte Observer)

A federal regulator lowered Bank of America's rating for community lending and investing, citing evidence of illegal credit practices such as an April settlement that resolved claims the Charlotte-based bank overbilled customers for identity-protection products. 

NC DOT plans toll lanes for Charlotte's Independence Blvd.

November 17, 2014

(The Charlotte Observer)

The N.C. Department of Transportation plans to add toll lanes to Independence Boulevard as early as 2016. Drivers would use NC Quick Pass, an electronic toll system that incorporates electronic transponders mounted to windshields that is already being used for Wake County's Triangle Expressway.

Duke Energy to store coal ash in clay mines

November 14, 2014

(The Charlotte Observer)

Duke Energy will move nearly 3 million tons of coal ash from its Sutton plant in Wilmington and its Riverbend plant near Charlotte to reclaim clay mines in Chatham and Lee counties. In addition to required synthetic liners placed under the ash, layers of clay in the mines, used by the brick industry, will help keep ash from infiltrating groundwater.