Charlotte

Battery-maker bringing 500 jobs to Concord

October 29, 2014

(The Charlotte Observer)

Alevo Group plans to hire about 500 workers by the end of 2015 at the former Philip Morris cigarette plant in Concord. Earlier this year, the Swiss company paid $68.5 million to purchase the 2,000-acre campus where it will make lithium-ion batteries for power companies. The company expects to hire up to 2,500 people over three years. 

Charlotte mulls incentives for Synchrony Financial

October 29, 2014

(The Charlotte Observer)

Charlotte City Council is considering incentives for Synchrony Financial to expand its presence in the Queen City. The financial-services company, a spinoff of GE, could add 125 management jobs with an average annual salary of $125,000 and 275 call-center jobs with an average salary of $27,000.

Father-son duo accused of stealing $11 million from clients

October 29, 2014

(The Charlotte Observer)

The operators of a Cornelius-based payroll-services company were indicted on charges of stealing at least $11 million from 113 clients. William James Staz, 72 and son James William Staz, 43, used money they embezzled from Employee Services Net to buy a luxury home and a $120,000 Mercedes Benz and on strip-club entertainment and jewelry purchases.

Chiquita's new owners must repay incentives if jobs move out of NC

October 28, 2014

(The Charlotte Observer)

Two Brazilian companies will purchase Chiquita Brands International for $680 million in cash, and the N.C. Economic Development board said Cutrale and Safra Group would be required to pay back state and local incentive money if they move jobs out of North Carolina. Chiquita was awarded $22 million in 2011 to move its headquarters from Cincinnati to Charlotte.
Related: Brazilian companies to buy Chiquita

Gordon Food Service bringing 275 jobs to Cabarrus County

October 27, 2014

(The News & Observer, Raleigh)

Gordon Food Service will invest $58 million in a new Kannapolis distribution center and plans to create 275 jobs over five years. The Grand Rapids, Mich.-based company distributes food products to restaurants, schools and health-care companies throughout the Eastern U.S. and Canada.

Battery maker plans major jobs announcement

October 28, 2014

(WRAL.com)

Startup battery manufacturer Alevo Group is expected to announce plans today for the former Philip Morris USA cigarette plant in Concord. The company said it plans to hire 500 workers in 2015 and, if sales take off, 2,500 or more within three years. Alevo will make utility-scale batteries for power companies and grid operators.

Family Dollar shareholders to vote on Dollar Tree deal Dec. 11

October 28, 2014

(The Charlotte Observer)

Matthews-based Family Dollar Stores will hold a shareholder vote on its planned $8.5 billion sale to Chesapeake, Va.-based Dollar Tree on Dec. 11. Family Dollar's board rejected a $9.1 billion offer from Tennessee-based rival Dollar General.

Charlotte Hornets second in the NBA in season-ticket sales

October 27, 2014

(The Charlotte Observer)

The newly rebranded Charlotte Hornets trail only one NBA team – the Cleveland Cavaliers – in full-season ticket sales. The Hornets, which begin regular season play on Wednesday, also beat their own record for season ticket sales – counting partial plans and renewals, the team has sold the equivalent of 10,000 season tickets.

Chiquita shareholders reject Fyffes merger

October 27, 2014

(The Charlotte Observer)

Analysts say Chiquita Brands International is almost certain to accept a buyout offer from privately-owned Brazilian companies Cutrale and Safra Group after Chiquita shareholders on Friday rejected a planned merger with Dublin-based Fyffes. Lured by almost $23 million in state and local incentives, Chiquita relocated from Cincinnati to Charlotte in 2011.

Retiring Wells Fargo exec reflects on time in Charlotte

October 27, 2014

(The Charlotte Observer)

Laura Schulte, who oversees about 2,700 branches as president of Wells Fargo's Eastern U.S. community-banking operations and will retire by year-end, says Charlotte must continue diversifying its economy beyond banking and should take a regional approach to growth. 

Mesa Airlines leaving Charlotte Douglas airport

October 24, 2014

(Winston-Salem Journal)

Mesa Airlines informed the N.C. Department of Commerce it will discontinue operations a Charlotte Douglas International Airport, eliminating 631 jobs. Most affected employees have accepted company jobs outside of Charlotte. The shutdown is due to US Airways' decision to move Mesa's contract operations to another location.

Brazilian companies increase offer ahead of Chiquita merger vote

October 24, 2014

(The Charlotte Observer)

Two Brazilian companies increased their buyout offer from $14 a share to $14.50 a share Thursday in a last-minute effort to convince shareholders of Chiquita Brands International to choose its offer over that of Irish produce company Fyffes. Chiquita shareholders will vote at 9 a.m. Friday on the proposed merger.

Sears closing Gastonia store

October 24, 2014

(The Gaston Gazette)

Sears Holding Co. will close its store and auto center at Gastonia's Eastridge Mall in December. The store's 65 employees can apply for positions at other Sears and Kmart stores, a company spokesman said.

Third-quarter profits up 66% for Charlotte's Nucor

October 24, 2014

(The Charlotte Observer)

Nucor reported a 66% increase in third-quarter profits compared with the same period a year ago. The Charlotte-based steel company said sales were led by demand for manufactured goods, including automotive.

Chiquita shareholders to vote on merger Friday

October 23, 2014

(The Charlotte Observer)

Dublin-based Fyffes has said it will keep most of the 320 jobs at Chiquita's Charlotte headquarters if its proposed merger is approved, while Brazilian companies Cutrale and Safra Group have not said what would happen with Charlotte's headquarters if shareholders approve its takeover offer.

 

Some BofA customers double-billed using Apple Pay

October 23, 2014

(The Charlotte Observer)

Some Bank of America customers were double-billed for purchases made using the new Apple Pay mobile-payment system. A company spokeswoman say the bank is correcting the problem, which affected about 1,000 transactions, and customers who were double-charged will be refunded.

Duke Energy launches aid program for low-income customers

October 22, 2014

(The Charlotte Observer)

Duke Energy will provide $20 million for energy-efficiency upgrades for low-income customers. The Charlotte-based company agreed to establish the program as part of a rate-case settlement last year. As many as 4,000 homes could qualify for improvements including appliance replacements and heating- and cooling-system replacements worth up to $10,000.
Related: Duke won't overcharge customers for taxes it doesn't pay

Clodfelter: Charlotte needs to work on 'cool factor'

October 22, 2014

(The Charlotte Observer) 

Charlotte's local economy has diversified and has become less dependent on the banking industry in recent years, Mayor Dan Clodfelter said at a business-networking event Tuesday. Clodfelter also told the Business Leaders of Charlotte the city needs to work on its "cool factor" to attract more young people.  

Johnson & Wales president takes job at Novant Health

October 22, 2014

(The Charlotte Observer)

Art Gallagher will become vice president of Novant Health Foundation Presbyterian Medical Center and Novant Health community engagement next month. Gallagher has been president of Johnson & Wales University in Charlotte since 2003.

Electrolux CEO says company remains committed to Charlotte

October 21, 2014

(The Charlotte Observer)

Jack Truong, CEO of Electrolux's North American operations, reaffirmed the company's commitment to keeping the its headquarters in Charlotte following a planned $3.3 billion acquisition of General Electric's appliance business. Electrolux reported a 42% increase in third-quarter earnings on Monday.