Charlotte

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.

Food Lion parent to be acquired for $10.4B

June 25, 2015

(The Charlotte Observer)

Dutch grocery-retailer Royal Ahold will buy Delhaize, the Brussels-based parent of Food Lion, for about $10.4 billion. Potential impact on Food Lion's 2,300 employees at its Salisbury headquarters is unclear.

Sealed Air breaks ground on Charlotte HQ

June 25, 2015

(The Charlotte Observer)

Sealed Air will break ground on its new Charlotte headquarters on Thursday. The maker of Bubble Wrap is moving its headquarters from Elmwood Park, N.J., and plans to employ more than 1,200 people in Charlotte.

Electrolux CEO stepping down

June 25, 2015

(The Charlotte Observer)

Keith McLoughlin is stepping down as CEO of Swedish appliance-maker Electrolux, a little more than two months after Jack Truong resigned as CEO of the company's North American division. Electrolux North America said earlier this month it was cutting 1% of its workforce, including an undisclosed number at its Charlotte headquarters.

Movie-studio project could be headed to SC

June 25, 2015

(The Charlotte Observer)

Studio South, the company that once proposed building movie studios at the site of the former Eastland Mall in Charlotte, is now considering building a $125 million studio complex on the Catawba Reservation in York County, S.C.

Trucking-software company bringing 191 jobs to Hickory

June 24, 2015

(The Charlotte Observer)

Blue Bloodhound will create 191 jobs over three years in Catawba County. The company, which provides software for the trucking industry, will invest $400,000 in its location in the historic Moretz Mills in downtown Hickory.

Duke Energy to close 12 ash ponds

June 24, 2015

(The Charlotte Observer)

Duke Energy announced plans to remove coal ash from 12 ponds, mostly from its plants in Chatham County and Goldsboro. Most of the ash would be stored in open-pit clay mines in Chatham and Lee counties. The utility began excavating ash from its Riverbend power plant near Charlotte last month.

Google begins building fiber network in Charlotte

June 24, 2015

(The Charlotte Observer)

Google said it has begun construction of its high-speed Internet fiber network in northern parts of Charlotte and Mecklenburg County, though the company declined to provide a timeline for completion.
Related: Google to begin construction of Triangle fiber-optic network

Charlotte wins bid to host 2017 NBA All-Star Game

June 23, 2015

(The Charlotte Observer)

Charlotte will host the 2017 NBA All-Star Weekend, an event that attracts thousands of basketball fans from across the country. Other cities that have hosted the game have seen an economic impact of around $100 million. Charlotte City Council last fall approved spending $27.5 million over five years for renovations at Time Warner Cable Arena, which will host the February event.
Related: Charlotte businesses could see sales boost from 2017 NBA All-Star Game

Charlotte's Allen Tate dies at 84

June 23, 2015

(The Charlotte Observer)

Allen Tate, who founded a Charlotte-based residential real-estate firm that now has about 40 offices in the Carolinas, died Monday after years of declining health. He was 84.