Charlotte

Patrick Cannon sells stake in Charlotte parking company

December 12, 2014

(The Charlotte Observer)

Former Charlotte Mayor Patrick Cannon has sold his share of the parking business he founded to owner Jeff Feemster. E-Z Parking also lost its contract with Carolinas HealthCare System, though the hospital system says its decision to switch vendors was unrelated to Cannon's arrest and imprisonment. 

Adviser says Family Dollar should delay vote

December 12, 2014

(The Charlotte Observer)

Institutional Shareholder Services said Family Dollar Stores stockholders should postpone a Dec. 23 vote on the Matthews-based retailer's pending deal with Dollar Tree. The shareholder advisory group says delaying the vote could result in a higher price. 

Dozens of vacant manufacturing sites for sale in Hickory area

December 12, 2014

(Hickory Daily Record)

Catawba County has 69 vacant warehouses and manufacturing buildings listed for sale, but city and county leaders say they need to build a high-end business park to meet market demands and recruit new companies. 

PNC rolls out redesigned branches in Charlotte

December 12, 2014

(The Charlotte Observer)

Pittsburgh-based PNC Bank has redesigned two of its Charlotte bank branches to allow customers to do more self-service banking using tablet devices and computers. PNC CEO William Demchak said the bank will focus more on converting its existing branches to the new model and less on closing branches.

Carolinas' first curling center to open in Charlotte

December 12, 2014

(The Charlotte Observer)

A $1.8 million curling center will open Saturday in north Charlotte, the first dedicated to the sport in the Carolinas. The 17,000-square-foot building features enough ice for up to four games to be played at a time. A curling center is scheduled to open in the Triangle area in about a month.

Charlotte developer to build 650-home community in Fort Mill, SC

December 11, 2014

(The Charlotte Observer)

Crescent Communities will develop a 550-acre residential community in Fort Mill, S.C. The Charlotte-based company will break ground in the first quarter of 2015 on Masons Bend, which will include 650 houses. Later phases of the project could include apartments and retail.

Bank of North Carolina names new market president

December 11, 2014

(The Charlotte Observer)

Bank of North Carolina named Rob Ellenburg president of its North Carolina southern region, which includes the Charlotte area as well as Buncombe and Henderson counties. He replaces Bill Connolly, who is now chief commercial banking officer. BNC Bancorp, parent company of the High Point-based bank, is the ninth largest bank in the Charlotte region by deposits.

DENR must run tests to prioritize coal-ash cleanup

December 11, 2014

(The News & Observer, Raleigh)

State environmental regulators need to gather more information about possible groundwater contamination at Duke Energy's coal-fired power plants across the state before they can determine which ash ponds first need to be excavated or capped. 

Wells Fargo adding 83 jobs in Charlotte

December 10, 2014

(The Charlotte Observer)

Wells Fargo will create 83 jobs in Charlotte as a result of shifting operations of its legal-processing unit from Philadelphia to Charlotte and Chandler, Ariz. The San Francisco-based bank has added about 1,400 jobs in Charlotte over the past year.

Wells Fargo most valuable U.S. bank ever

December 9, 2014

(The Charlotte Observer)

With a market capitalization of $285.5 billion, Wells Fargo is now the most valuable U.S. bank ever, according to data compiled by Bloomberg based on shares outstanding as of Oct. 31. The San Francisco-based bank's largest employee base is in Charlotte, where it has about 22,100 workers.

American Airlines plans $2B in upgrades

December 9, 2014

(The Charlotte Observer)

American Airlines plans to spend $2 billion to upgrade its planes and hubs, including Charlotte Douglas International Airport. Renovations will include faster kiosks at check-in counters and gates, work stations near gates and new seatback entertainment systems on planes. American, which operates more than 90% of CLT's daily flights, merged with US Airways last December.

Charlotte approves $16M for coliseum upgrades

December 9, 2014

(The Charlotte Observer)

Charlotte City Council approved $16 million in renovations for Bojangles' Coliseum, including $4 million for ice-making equipment, new seats and a new scoreboard for the Charlotte Checkers, the city's minor-league hockey team. The Checkers will move to the east Charlotte coliseum from uptown's Time Warner Cable Arena for the 2015-16 season.

Movement Mortgage reaches employment milestone

December 9, 2014

(The Charlotte Observer)

As the mortgage market continues moving toward home purchasing rather than refinancing, Virginia Beach, Va.-based Movement Mortgage announced it has hired its 1,500th employee. Co-founded in 2008 by ex-Carolina Panther Casey Crawford, the mortgage bank now employs about 200 in Charlotte ("Catching a Break," July).

McCrory, Duke Energy CEO talk coal ash on '60 Minutes'

December 8, 2014

(The Charlotte Observer)

On Sunday's episode of CBS' 60 Minutes, Gov. Pat McCrory questioned Duke Energy's knowledge of potential structural problems at its 32 coal-ash ponds across the state. Duke CEO Lynn Good said the February spill into the Dan River near Eden (cover story, April) was an accident, and that there is no "quick answer" to the ash disposal problem.

Duke Energy CEO to appear on '60 Minutes' Sunday

December 5, 2014

(The Charlotte Observer)

Sunday's episode of the CBS news magazine 60 Minutes will include an interview with Lynn Good in which the Duke Energy CEO talks about how the utility is dealing with coal-ash disposal. The interview, which will air at 7 p.m., was taped in September.
Related:
Contaminated seeps found near Duke Energy plant

Duke may find shortage of contractors to move coal ash

Charlotte seeks to increase uptown retail

December 5, 2014

(The Charlotte Observer)

With the number of residents living in uptown Charlotte approaching 25,000, a local economic-development group is looking for new ways to attract more retail to the area. One idea proposed by Charlotte Center City Partners' director of retail Christopher Hemans is to require new buildings to include first-floor retail.

Dollar General still committed to buying Family Dollar

December 5, 2014

(The Charlotte Observer)

Dollar General reaffirmed on Thursday its commitment to acquire Matthews-based Family Dollar Stores. The Goodlettsville, Tenn.-based retailer reported third-quarter net income of $236.3 million, below analysts' projections. Family Dollar shareholders are scheduled to vote Dec. 23 on a pending acquisition by Chesapeake, Va.-based Dollar Tree.

Charlotte office tower for sale

December 4, 2014

(The Charlotte Observer)

The 20-story 101 Independence Center at Trade and Tryon streets in uptown Charlotte is for sale. Bank of America is the largest tenant in the 565,000-square-foot building, which is owned by KBS and Gramercy Property Trust. A source reports the asking price is $120 million.

Charlotte's Olde Mecklenburg named top brewery tour in US

December 4, 2014

(USA Today)

Olde Mecklenburg Brewery in Charlotte won USA Today's 10Best readers' poll for best brewery tour in the nation. Burlington, Vt.-based Magic Hat Brewing came in second, while Fort Collins, Colo.-based New Belgium Brewing – which broke ground in May on an East Coast brewery in Asheville – was third.

CommunityOne names new market president for Gastonia

December 4, 2014

(The Gaston Gazette)

Charlotte-based CommunityOne Bank tapped Reggie Gaither to be market president and commercial relationship manager for the Gaston County region. Gaither was a relationship manager for Wells Fargo in Charlotte and Gastonia. CommunityOne was formed in 2013 through a merger of Granite Falls-based Bank of Granite and Asheboro-based FNB United Corp.