Charlotte

American adding flights from CLT to Caribbean

July 14, 2015

(The Charlotte Observer)

American Airlines plans to add weekly nonstop flights from Charlotte Douglas International Airport to Curacao and the Dominican Republic. Flights are scheduled to begin Dec. 19; booking starts July 20.

Belk deal would be Sycamore Partners' largest

July 13, 2015

(The Charlotte Observer)

Sycamore Partners is expected to make a $3.5 billion bid for Charlotte-based retailer Belk, which had revenue of more than $4 billion in 2014. It would be the first department-store acquisition for the New York-based private-equity firm, which typically invests in specialty apparel companies. Sycamore in May acquired 330 Family Dollar stores prior to Dollar Tree's acquisition of the Matthews-based retailer.

Red Ventures hiring 500 in Charlotte area

July 13, 2015

(The Charlotte Observer)

Red Ventures plans to hire 500 salespeople over the next two months. The Indian Land, S.C.-based marketing company says about 40% of the new jobs will be at its Charlotte office in the university area. Founded 15 years ago in Charlotte, Red Ventures now employs 2,500 people.
Also: Red Ventures CEO: We're going to keep growing

Insulation company creating 61 jobs in Huntersville

July 10, 2015

(The Charlotte Observer)

Nutec Group, a Mexico-based insulation company, will invest $19.2 million in a manufacturing facility in Huntersville and plans to hire 61 workers. It will be the company's first U.S. plant.

SC employees sue Sealed Air over bonus pay

July 10, 2015

(The Charlotte Observer)

Two employees at Sealed Air's manufacturing plant in Spartanburg, S.C., filed a class action lawsuit against the company, claiming they were denied bonus pay after the company changed its method for calculating year-end bonuses.

Financial firm adding 316 jobs in Charlotte

July 9, 2015

(The Charlotte Observer)

Austin, Texas-based Dimensional Fund Advisors will open an East Coast headquarters in Charlotte, creating 316 jobs with an average annual salary of $147,025, more than double Mecklenburg County's average. The financial-services firm could receive up to $18 million in state and local incentives.

CommunityOne expands to SC

July 9, 2015

(The Charlotte Observer)

CommunityOne Bancorp plans to open in August a commercial loan production office in Charleston, S.C., its first location outside of North Carolina. Charlotte-based CommunityOne operates 45 branches across the state.

Coca-Cola Consolidated adding 140 jobs in Charlotte

July 8, 2015

(The Charlotte Observer)

Coca-Cola Bottling Co. Consolidated is expanding in Charlotte. The soda company's largest independent bottler will create 140 jobs at a call center and move 160 existing employees from its SouthPark headquarters to a new location on W.T. Harris Blvd.

Bojangles' ready to grow in Kentucky, West Virginia

July 8, 2015

(The Charlotte Observer)

Bojangles' opened its first West Virginia store Monday and plans to open 50 to 57 more locations system-wide in 2015. The Charlotte-based company, which went public in May, plans to focus the next phase of expansion in Kentucky and West Virginia.

Dollar Tree buys Matthews-based Family Dollar

July 7, 2015

(The Charlotte Observer)

Dollar Tree completed its $9.1 billion acquisition of Matthews-based Family Dollar Stores Monday. Howard Levine will remain CEO of Family Dollar for two years and will join Chesapeake, Va.-based Dollar Tree's board of directors.
Also: 2 Charlotte Family Dollar stores to change to Dollar Express

Curtiss-Wright sells non-core business unit

July 7, 2015

(The Charlotte Observer)

Curtiss-Wright, the defense and aerospace manufacturing company that moved its headquarters to Charlotte from New Jersey in 2014, sold off its electronics-packaging unit for an undisclosed amount.

Cardinal Innovations settles with former CEO

July 6, 2015

(The Charlotte Observer)

Kannapolis-based Cardinal Innovations Healthcare Solutions gave ousted CEO Pamela Shipman a 53% raise, reflecting the nonprofit's expanded territory that includes Mecklenburg County.

Electrolux slams DOJ over GE deal

July 2, 2015

(The Charlotte Observer)

Electrolux criticizes the federal government’s attempt to block its proposed purchase of General Electric Co.’s appliance business.


Read more here: http://www.charlotteobserver.com/news/business/article25982608.html#storylink=cpy

Nearly 100 got sick at Charlotte restaurant

July 2, 2015

(The Charlotte Observer)

At least 96 people were sickened during a Norovirus outbreak at Charlotte's Cowfish restaurant in June, the Charlotte Observer reported, citing county health department records.

Charlotte's Babcock & Wilcox spins off business unit

July 1, 2015

(The Charlotte Observer)

Charlotte-based Babcock & Wilcox split into two companies Tuesday. The company's power-generation business was spun off into a company called Babcock & Wilcox Enterprises and remains based in Charlotte. The government and nuclear operations business is called BWX Technologies and is now based in Lynchburg, Va. Both companies will begin trading separately on the NYSE July 1.

Duke Energy's NC president to retire in August

July 1, 2015

(The Charlotte Observer)

Paul Newton, Duke Energy's North Carolina president, will retire Aug. 31. Newton has been an employee of the Charlotte-bsaed utility since 1990 and became president of the N.C. market in 2013.

Charlotte's BSN medical to buy Texas company

June 30, 2015

(The Charlotte Observer)

BSN medical, a Germany-based medical-device company that has its U.S. headquarters in Charlotte, will acquire Texas-based FarrowMed. FarrowMed makes compression wraps to manage swelling. Financial terms were not disclosed.

Charlotte considers new stadium to attract Major League Soccer

June 29, 2015

(The Charlotte Observer)

The city of Charlotte could use tourism dollars – funds from taxes on hotels and prepared food and beverages – to build a new stadium with up to 25,000 seats if it can land a Major League Soccer team. Memorial Stadium, built in the 1930s in Charlotte's Elizabeth neighborhood, would be demolished to make way for the new stadium.

Huntersville tire distributor grows through acquisitions, investments

June 29, 2015

(The Charlotte Observer)

American Tire Distributors' net sales have more than doubled over the last five years, from $2.17 billion in January 2010 to $5.03 billion in January 2015. The Huntersville-based company, which serves as a middleman between tire manufacturers and retailers, narrowly missed earning a spot on the Fortune 500 list of largest companies ranked by revenue, coming in at No. 514.

Sealed Air has begun hiring in Charlotte

June 26, 2015

(The Charlotte Observer)

Sealed Air broke ground Thursday on its new headquarters, where it plans to employ 1,262 with an average annual salary of about $120,000; about half of those workers are expected to be local hires. The company, which had revenue of $7.8 billion in 2014, said it has already hired about 180 people in Charlotte.