Charlotte
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.
Charlotte investment bank close to sale
May 14, 2013
(The Charlotte Observer)
Charlotte investment bank McColl Partners, founded by former Bank of America CEO Hugh McColl, is in talks with professional-services firm Deloitte about a possible sale that could be finalized as soon as this week.
Charlotte streetcar extension may pass after manager's new proposal
May 14, 2013
(The Charlotte Observer)
Charlotte's new city manager wants to finance a $126 million streetcar extension with surplus funds and federal dollars, a proposal that could finally garner the controversial project enough votes to pass. City Council members were wary of increasing property taxes to finance it.
AT&T adding jobs in North Carolina
May 14, 2013
(The Charlotte Observer)
Dallas-based AT&T is filling 400 positions -- about 250 new ones -- in North Carolina as it expands its U-verse service that provides digital television, high-speed Internet and digital home phone.
Charlotte medical practice reports data breach
May 14, 2013
(The Charlotte Observer)
Presbyterian Anesthesia Associates in Charlotte reported its website was hacked into, and personal information, including credit card numbers, were vulnerable.
Park Sterling bank seeks to grow again
May 13, 2013
(The Charlotte Observer)
Charlotte-based Park Sterling bank is once again looking for strategic acquisitions to help it grow after closing its purchase of Gastonia-based Citizens South Banking last year.
Charlotte manager seeks to rebrand streetcar
May 13, 2013
(The Charlotte Observer)
Charlotte's new city manager wants to help revive a plan for a 2.5-mile streetcar extension by rebranding it and seeking options to finance it that don't include raising property taxes.
Carolinas HealthCare, Aetna deal puts focus on quality of care
May 13, 2013
(The Charlotte Observer)
A recent deal between insurer Aetna and Charlotte-based Carolinas HealthCare System rewards the health system for improving the quality of care patients, particularly those with chronic illnesses, receive. It comes as insurers are pushing back against the traditional fee-for-service model.
Advisory firm recommends shareholders vote against JPMorgan director from Charlotte
May 10, 2013
(The Charlotte Observer)
A shareholder advisory firm is recommending shareholders vote against re-electing Charlotte businesswoman Crandall Bowles to JPMorgan Chase & Co.'s board of directors. Bowles is a member of the bank's audit committee, which has been criticized for failing to prevent last year's $6 billion trading loss.
Food Lion, Lowe's Foods protest Affordable Care Act provisions
May 10, 2013
(The Charlotte Observer)
Retailers Food Lion and Lowe's Foods have signed their names to a letter protesting a provision of the Affordable Care Act that requires companies with more than 200 employees to automatically enroll workers in health-care plans unless they automatically opt out.
Uwharrie Capital reports lower profit
May 10, 2013
(The Charlotte Observer)
Albemarle-based Uwharrie Capital reported that net income fell 7% in the first quarter compared to the year before.
Murdock gives $50M more for Kannapolis research campus
May 9, 2013
(The News & Observer, Raleigh)
Dole Foods chairman and billionaire David Murdock donated $50 million to the Kannapolis nutrition research campus. Murdock has already given more than $700 million for the project.
BofA CEO tells shareholders 'we are moving forward'
May 9, 2013
(The Charlotte Observer)
Bank of America CEO Brian Moynihan told shareholders at the bank's annual meeting that the company needs to focus on basics such as mortgage and car loans and debit and credit cards to continue achieving better profits.
House speaker: Charlotte airport authority bill likely to change
May 9, 2013
(The Charlotte Observer)
N.C. House Speaker Thom Tillis said a measure to convert Charlotte's airport to an independent authority is still on the table but will likely change form and could carry into the next session of the legislature if necessary.
Salisbury-filmed TV show likely to be picked up
May 9, 2013
(The Salisbury Post)
Trade publications say the Salisbury-filmed Sleepy Hollow stands a good chance of its pilot being picked up for a full season by Fox. It's unclear if the drama would continue to be filmed in the Charlotte region though.
CEO of Food Lion parent to step down
May 9, 2013
(The Salisbury Post)
Belgium-based Delhaize Group, parent of Salisbury-based grocer Food Lion, said CEO Pierre-Olivier Beckers will step down by the end of the year. That came as the company reported stronger revenue and said its rebranded Food Lion stores were continuing to perform well as it seeks to overhaul more of them.
Harris Teeter says acquisition talks ongoing
May 9, 2013
(The Charlotte Observer)
Matthews-based grocer Harris Teeter said in a securities filing it's still weighing a possible acquisition, though it didn't disclose any more specifics.
Davidson to make jump to Atlantic 10
May 8, 2013
(The Charlotte Observer)
Davidson College is expected to announce Wednesday that it will leave the Southern Conference for the Atlantic conference.
Brazilian manufacturer bringing 127 jobs to Lincoln County
May 8, 2013
(The Gaston Gazette)
Borghetti Turbos, a Brazilian auto-parts maker, will bring its North American headquarters to Lincoln County, investing $7 million and creating 127 jobs.
Split Cornelius board signals approval of I-77 tolls
May 8, 2013
(The Charlotte Observer)
A closely split Cornelius Board of Commissioners voted to back a state plan that would spend $550 million for a private contractor to build toll lanes on Interstate 77 from Charlotte to Mooresville.
