Charlotte
Charlotte Speedway owner threatens to move fall race
May 22, 2013
(The Charlotte Observer)
Charlotte Motor Speedway owner Bruton Smith threatened to move its fall race from the track, criticizing Cabarrus County officials for raising its taxes. The speedway is in the midst of appealing its property valuation.
N.C. mortgage relief reaches $410M
May 22, 2013
(The Charlotte Observer)
North Carolina mortgage relief under last year's landmark settlement with the nation's largest banks has reached $410 million for more than 9,000 homeowners. Charlotte-based Bank of America has said previously in securities filings that it has "substantially" fulfilled its obligations.
Charlotte Bobcats make name change official
May 22, 2013
(The Charlotte Observer)
The Charlotte Bobcats' owner Michael Jordan announced the team has officially asked the NBA permission to revert back to its roots with a name change to the Hornets for the 2014-15 season.
FNB United gets OK to merge its two banks
May 22, 2013
(The Charlotte Observer)
FNB United Corp. got permission to merge its two banks, CommunityOne and Bank of Granite. The Bank of Granite locations will reopen as CommunityOne on June 10.
Charlotte Bobcats expected to announce name change
May 21, 2013
(The Charlotte Observer)
The Charlotte Bobcats are expected to announce Tuesday that they will request the NBA allow it to change the franchise's name to the Hornets, the team's name before it moved to New Orleans.
Duke's rate hike will stay in place as review continues
May 21, 2013
(The Charlotte Observer)
The N.C. Utilities Commission will allow Duke Energy to keep its 2012 rate hike in place as it reviews if the increase was properly permitted. The state Supreme Court ordered the review.
Large development planned for Cramerton
May 21, 2013
(The Gaston Gazette)
A mixed-use development in Cramerton that is expected to include houses, condos, apartments, office and commercial space is expected to break ground this summer after more than two years of planning. The community will center around green and sustainable living.
Swisher Hygiene faces Nasdaq delisting
May 21, 2013
(The Charlotte Observer)
Charlotte-based Swisher Hygiene is behind in filing its quarterly financial statements and is risking being delisted by the Nasdaq and Toronto Stock Exchange.
Rail yard at Charlotte airport seen as economic boon
May 20, 2013
(The Charlotte Observer)
An intermodal rail yard at Charlotte's airport that will be operated by Norfolk Southern is seen as a potential economic boon as officials hope for increased cargo at East Coast ports from a widened Panama Canal. But estimates on economic impact vary widely.
Another lawmaker opposes I-77 tolls
May 20, 2013
(The Charlotte Observer)
Larry Pittman, a Republican state representative from Cabarrus County, has joined several other lawmakers from the Charlotte region in opposing a proposed toll lane on Interstate 77 between Charlotte and Lake Norman.
Atlanta developer plans downtown Charlotte office tower
May 17, 2013
(The Charlotte Observer)
Atlanta developer Portman Holdings plans to build a 350,000-square-foot office tower in downtown Charlotte. It would be the first office building completed downtown since 2010.
Charlotte partnership prepares for slash to funding
May 17, 2013
(The Charlotte Observer)
The Charlotte Regional Partnership could lose 16% of its budget -- or $500,000 -- as part of a proposed state Senate bill that strips regional economic-development groups of their state money.
Labor Department investigating Carolina HealthCare's oversight
May 17, 2013
(The Charlotte Observer)
The Department of Labor is looking into Carolinas HealthCare System, asking Mecklenburg County commissioners what oversight they have of the hospital system as part of an inquiry into if it should comply with a federal benefits law that regulates private companies.
NASCAR festivities a boon for Cabarrus County
May 16, 2013
(The Independent Tribune, Concord)
In the coming week and a half, Cabarrus County will host an all-star race and the Coca-Cola 600, as well as minor league races, attracting hundreds of thousands of people and pumping at least $250 million into the regional economy, according to estimates.
Duke Energy's Catawba Nuclear plant leaks contaminant
May 16, 2013
(The Charlotte Observer)
Duke Energy's Catwaba Nuclear Station has leaked more than 100 million gallons of tritium, a radioactive isotope of hydrogen, though officials say the leak is contained within the plant and does not pose a public health risk.
CaroMont Health turns to telemedicine to diagnose strokes
May 16, 2013
(The Gaston Gazette)
CaroMont Health in Gastonia has started using telemedicine -- doctors who help with diagnoses across television screens and electronic media -- to help treat its patients.
Charlotte officials consider smaller tax hike to pay for capital projects
May 16, 2013
(The Charlotte Observer)
Charlotte City Council members are weighing a slightly lower property tax increase to help pay for more than $800 million of capital improvements such as roads and sidewalks.
Charlotte says light rail promotes 'smart growth'
May 15, 2013
(The Charlotte Observer)
City leaders say Charlotte's South End neighborhood -- just outside of downtown -- shows how investment in transportation projects spur private development.
Harrisburg to get 300-home development
May 15, 2013
(The Independent Tribune, Concord)
Harrisburg council members approved a 297-home development in the city. The project, development by Charlotte-based M/I Homes initially called for 322 homes.
Tree.com reports loss but says core business strengthening
May 15, 2013
(The Charlotte Observer)
Charlotte-based Tree.com reported a quarterly loss of $2.7 million but told analysts that its lead-origination business is seeing signs of increasing demand.
