Charlotte
Foxx sails through hearing in Senate committee
May 23, 2013
(The Charlotte Observer)
Charlotte Mayor Anthony Foxx faced a receptive audience and easy questions in an appearance before the U.S. Senate’s Commerce, Science and Transportation Committee as he seeks confirmation as the next secretary of the federal Department of Transportation.
Mooresville lawmaker airs fight with N.C. House speaker
May 23, 2013
(The Charlotte Observer)
State Rep. Bill Brawley, a Republican from Mooresville, took public a list of grievances with N.C. House Speaker Thom Tillis and resigned as co-chairman of the powerful House Finance Committee.
Foxx confirmation hearings to begin Wednesday
May 22, 2013
(The Charlotte Observer)
The Senate’s Commerce, Science and Transportation Committee will question Charlotte Mayor Anthony Foxx on Wednesday as part of his bid to become the next chief of the federal Department of Transportation.
Charlotte
Charlotte's mayor pro tem expected to run for top post
May 21, 2013
(The Charlotte Observer)
Charlotte Mayor Pro Tem Patrick Cannon, a Democrat, is expected to announce Tuesday that he will run for mayor in a bid to replace Anthony Foxx, who President Obama has nominated to be transportation secretary.
Gaston toll road receives another blow in Raleigh
May 13, 2013
(The Gaston Gazette)
After an unexpected victory last week, the Garden Parkway -- a proposed toll road in Gaston County -- received a blow this week after it was removed from a transportation bill in the state House.
Mecklenburg commissioners fire county manager
May 8, 2013
(The Charlotte Observer)
Mecklenburg County commissioners fired manager Harry Jones after months of rising tension. Jones was scrutinized for a botched property revaluation and problems within the social services department.
Appointments create leadership opportunities in Charlotte
May 6, 2013
(The Charlotte Observer)
President Obama's appointments of Charlotte Mayor Anthony Foxx and U.S. Democratic Rep. Mel Watt to national posts leaves a leadership vacuum in the state's largest city -- and a rare opportunity for politicians to take more prominent roles.
Private equity firms eye Harris Teeter
May 24, 2013
(The Wall Street Journal)
Private equity firms Cerberus Capital Management and Bain Capital are both considering bidding for Matthews-based grocer Harris Teeter, though a sale is far from assured.
NASCAR battles to increase attendance
May 24, 2013
(The Charlotte Observer)
Attendance revenue is down at the companies that put on NASCAR races, including Charlotte-based Speedway Motorsports Inc. as the sport continues to recover from the recession.
New Chiquita CEO stresses core business
May 24, 2013
(The Charlotte Observer)
Chiquita Brands International is focusing on its core business of bananas and salads and discarding the newer product lines the company attempted, new CEO Ed Lonergan said at the company's annual meeting in Charlotte. The company has struggled with declining revenue in recent years.
New toll lanes appear likely for I-77
May 24, 2013
(The Charlotte Observer)
The Mecklenburg-Union Metropolitan Planning Organization voted unanimously to add new toll for Interstate 77 to the group's long-range plans, a move that likely paves the way for the $550 million project, which would add new toll lanes between Charlotte and Mooresville.
Race move would hurt Cabarrus economy
May 24, 2013
(The Charlotte Observer)
If Bruton Smith moves a fall NASCAR race from Charlotte Motor Speedway as he has threatened, it would have a ripple effect on Cabarrus County's economy, particularly the hospitality industry as fewer visitors stay nearby.
NewDominion Bank completes $10M capital raise
May 24, 2013
(The Charlotte Observer)
Charlotte-based NewDominion Bank finished raising $10 million as part of an effort to help it shore up its balance sheet. The company has been operating under a regulatory consent order.
Charlotte foreclosure rate drops
May 24, 2013
(The Charlotte Observer)
Charlotte's foreclosure rate fell to 2.6% in March, an improvement from 3.4% the same month a year ago, according to CoreLogic. That rate is better than the national rate of 2.8% but worse than North Carolina's, which was about 2%.
Lowe's CEO: Company will give employees more hours, increase inventory
May 23, 2013
(The Charlotte Observer)
Robert Niblock, CEO of Mooresville-based Lowe's, said the home-improvement store chain will add more employee hours and increase inventory of high-selling items after cutting back too much during the recession. The retailer reported lower sales during the first quarter even though its profit rose.
JPMorgan Chase grows Charlotte presence
May 23, 2013
(The Charlotte Observer)
New York-based banking giant JPMorgan Chase has grown its presence in Charlotte during the past year, though it's still small -- just 14 bankers. The Charlotte office is catering to companies that make $20 million to $500 million in annual revenue.
State sues Duke Energy for coal contamination of water
May 22, 2013
(The Charlotte Observer)
The state is suing Charlotte-based Duke Energy for polluting Mountain Island Lake with coal ash, the first time North Carolina has taken action against a utility for its handling of the substance. The lake is a main drinking supply for 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.
