Charlotte

Official: Gaston needs more shell buildings to attract industry

October 31, 2014

(The Gaston Gazette)

Donny Hicks, director of economic development for Gaston County, thinks the county needs more spec buildings to attract new business. He says the area has fewer buildings available than at any time in the past 30 years, while shell structures are going up in neighboring counties.

Alevo predicts up to 6,000 jobs in five years

October 30, 2014

(The Independent Tribune, Concord)

Battery-maker Alevo says it could add as many as 6,000 jobs over the next five years at its manufacturing plant in Concord. The Swiss company expects to begin shipping utility-scale batteries it will manufacture at the site of the former Philip Morris plant in July 2015. 

Charlotte's SPX to split into two companies

October 30, 2014

(The Charlotte Observer)

Charlotte-based SPX will spin off its flow products division – which includes pumps, valves and filtration systems – into a separate company. Both companies will be led by current SPX chairman and chief executive Chris Kearney and will maintain their headquarters in Ballantyne.

Charlotte's Crescent sells apartment complexes in $700M deal

October 30, 2014

(The Charlotte Observer)

Charlotte-based Crescent Communities will sell nine apartment complexes comprising 2,667 residential units for close to $700 million. Charlotte's Crescent SouthPark will be sold to UBS Global Asset Management and Crescent Dilworth will be sold to an unnamed institutional buyer. Other complexes included in the sale are in Durham, Raleigh, Atlanta, Tampa, Fla., and Orlando, Fla.

Charlotte area unemployment rate falls to 6.2%

October 30, 2014

(The Charlotte Observer)

The Charlotte-Gastonia-Rock Hill area's unemployment rate fell in September to its lowest level since May 2008, according to the latest government statistics.

Battery-maker bringing 500 jobs to Concord

October 29, 2014

(The Charlotte Observer)

Alevo Group plans to hire about 500 workers by the end of 2015 at the former Philip Morris cigarette plant in Concord. Earlier this year, the Swiss company paid $68.5 million to purchase the 2,000-acre campus where it will make lithium-ion batteries for power companies. The company expects to hire up to 2,500 people over three years. 

Charlotte mulls incentives for Synchrony Financial

October 29, 2014

(The Charlotte Observer)

Charlotte City Council is considering incentives for Synchrony Financial to expand its presence in the Queen City. The financial-services company, a spinoff of GE, could add 125 management jobs with an average annual salary of $125,000 and 275 call-center jobs with an average salary of $27,000.

Father-son duo accused of stealing $11 million from clients

October 29, 2014

(The Charlotte Observer)

The operators of a Cornelius-based payroll-services company were indicted on charges of stealing at least $11 million from 113 clients. William James Staz, 72 and son James William Staz, 43, used money they embezzled from Employee Services Net to buy a luxury home and a $120,000 Mercedes Benz and on strip-club entertainment and jewelry purchases.

Chiquita's new owners must repay incentives if jobs move out of NC

October 28, 2014

(The Charlotte Observer)

Two Brazilian companies will purchase Chiquita Brands International for $680 million in cash, and the N.C. Economic Development board said Cutrale and Safra Group would be required to pay back state and local incentive money if they move jobs out of North Carolina. Chiquita was awarded $22 million in 2011 to move its headquarters from Cincinnati to Charlotte.
Related: Brazilian companies to buy Chiquita

Gordon Food Service bringing 275 jobs to Cabarrus County

October 27, 2014

(The News & Observer, Raleigh)

Gordon Food Service will invest $58 million in a new Kannapolis distribution center and plans to create 275 jobs over five years. The Grand Rapids, Mich.-based company distributes food products to restaurants, schools and health-care companies throughout the Eastern U.S. and Canada.

Battery maker plans major jobs announcement

October 28, 2014

(WRAL.com)

Startup battery manufacturer Alevo Group is expected to announce plans today for the former Philip Morris USA cigarette plant in Concord. The company said it plans to hire 500 workers in 2015 and, if sales take off, 2,500 or more within three years. Alevo will make utility-scale batteries for power companies and grid operators.

Family Dollar shareholders to vote on Dollar Tree deal Dec. 11

October 28, 2014

(The Charlotte Observer)

Matthews-based Family Dollar Stores will hold a shareholder vote on its planned $8.5 billion sale to Chesapeake, Va.-based Dollar Tree on Dec. 11. Family Dollar's board rejected a $9.1 billion offer from Tennessee-based rival Dollar General.

Charlotte Hornets second in the NBA in season-ticket sales

October 27, 2014

(The Charlotte Observer)

The newly rebranded Charlotte Hornets trail only one NBA team – the Cleveland Cavaliers – in full-season ticket sales. The Hornets, which begin regular season play on Wednesday, also beat their own record for season ticket sales – counting partial plans and renewals, the team has sold the equivalent of 10,000 season tickets.

Chiquita shareholders reject Fyffes merger

October 27, 2014

(The Charlotte Observer)

Analysts say Chiquita Brands International is almost certain to accept a buyout offer from privately-owned Brazilian companies Cutrale and Safra Group after Chiquita shareholders on Friday rejected a planned merger with Dublin-based Fyffes. Lured by almost $23 million in state and local incentives, Chiquita relocated from Cincinnati to Charlotte in 2011.

Retiring Wells Fargo exec reflects on time in Charlotte

October 27, 2014

(The Charlotte Observer)

Laura Schulte, who oversees about 2,700 branches as president of Wells Fargo's Eastern U.S. community-banking operations and will retire by year-end, says Charlotte must continue diversifying its economy beyond banking and should take a regional approach to growth. 

Mesa Airlines leaving Charlotte Douglas airport

October 24, 2014

(Winston-Salem Journal)

Mesa Airlines informed the N.C. Department of Commerce it will discontinue operations a Charlotte Douglas International Airport, eliminating 631 jobs. Most affected employees have accepted company jobs outside of Charlotte. The shutdown is due to US Airways' decision to move Mesa's contract operations to another location.

Brazilian companies increase offer ahead of Chiquita merger vote

October 24, 2014

(The Charlotte Observer)

Two Brazilian companies increased their buyout offer from $14 a share to $14.50 a share Thursday in a last-minute effort to convince shareholders of Chiquita Brands International to choose its offer over that of Irish produce company Fyffes. Chiquita shareholders will vote at 9 a.m. Friday on the proposed merger.

Sears closing Gastonia store

October 24, 2014

(The Gaston Gazette)

Sears Holding Co. will close its store and auto center at Gastonia's Eastridge Mall in December. The store's 65 employees can apply for positions at other Sears and Kmart stores, a company spokesman said.

Third-quarter profits up 66% for Charlotte's Nucor

October 24, 2014

(The Charlotte Observer)

Nucor reported a 66% increase in third-quarter profits compared with the same period a year ago. The Charlotte-based steel company said sales were led by demand for manufactured goods, including automotive.

Chiquita shareholders to vote on merger Friday

October 23, 2014

(The Charlotte Observer)

Dublin-based Fyffes has said it will keep most of the 320 jobs at Chiquita's Charlotte headquarters if its proposed merger is approved, while Brazilian companies Cutrale and Safra Group have not said what would happen with Charlotte's headquarters if shareholders approve its takeover offer.