Charlotte

Decker joins UNCC board of trustees

April 14, 2015

(The Charlotte Observer)

Former Duke Energy executive and state Commerce Secretary Sharon Decker will join UNC Charlotte's board of trustees July 1. Decker also serves on the boards of Matthews-based Family Dollar Stores and Charlotte-based Coca-Cola Bottling Co. Consolidated.

Charlotte City Council approves new seating for coliseum

April 14, 2015

(The Charlotte Observer)

The Charlotte City Coucil approved spending $975,000 to replace existing seats at Bojangles' Coliseum with larger ones. The upgrade is part of a $16 million, two-year renovation plan. The Charlotte Checkers hockey team will move their games from Time Warner Cable Arena to the coliseum in 2017.

Duke Energy increased contributions to Republican Governors Association

April 13, 2015

(The Charlotte Observer)

Duke Energy donated $3.05 million to the Republican Governors Association in 2014 – more than 10 times the utility's previous highest annual contribution to the group, which backed Gov. Pat McCrory's 2012 campaign.

Chatham, Lee counties hold hearings on coal-ash storage plans

April 13, 2015

(The News & Observer, Raleigh)

Two public hearings this week will allow residents of Lee and Chatham counties to speak out about Duke Energy's proposal to store up to 20 million tons of coal ash in local landfills.

Novant, BCBS offer 'bundled payment' for knee surgeries

April 13, 2015

(The Charlotte Observer)

Novant Health will offer a bundled-payment option for knee-replacement surgery that includes doctors' office visits and physical therapy. Under the arrangement, which is only available to Blue Cross and Blue Shield of North Carolina customers, patients will receive one bill for services related to the procedure.

Bojangles' IPO could alter growth plans

April 10, 2015

(The Charlotte Observer)

Charlotte-based Bojangles' says it can double its presence in the Southeast, where it now operates more than 600 restaurants, but will it feel pressure to expand beyond the region once it becomes a public company?

Charlotte's Duke Energy appeals $25M fine

April 10, 2015

(The News & Observer, Raleigh)

Duke Energy filed an appeal Thursday requesting that $25.1 million in fines over groundwater contamination at its Sutton power plant in Wilmington be dismissed. The fines, imposed last month by the N.C. Department of Environment and Natural Resources, set a state record as the largest-ever penalty for environmental damage.

Peele out as SunTrust's Charlotte region president

April 10, 2015

(The Charlotte Observer)

Bill Peele has left his position as president of the Charlotte region for Atlanta-based SunTrust Banks. The company declined to provide more details about his departure.

CEO of Charlotte-based Electrolux North America resigns

April 9, 2015

(The Charlotte Observer)

Jack Truong has resigned as CEO of Electrolux Major Appliances North America. The company said Truong left to pursue "other interests." The Swedish appliance-maker moved its North American headquarters to Charlotte in 2010 and expects to employ 1,600 people there by the end of 2017.
Related: Electrolux issues profit warning for North America unit

Family Dollar 2Q earnings fall, but beat expectations

April 9, 2015

(The Charlotte Observer)

Matthews-based Family Dollar Stores reported second quarter earnings of 67 cents a share, compared with 80 cents a share for the same period a year ago. Excluding merger-related costs, the earnings were higher than analysts' projections. Sales for the quarter rose 3% to $2.8 million.

Dollar Tree will sell 340 Family Dollar retail stores

April 8, 2015

(The Charlotte Observer)

Dollar Tree said Tuesday it have to sell about 340 Family Dollar stores to comply with the Federal Trade Commission in completing its $8.5 billion acquisition of the Matthews-based retailer. Chesapeake, Va.-based Dollar Tree had originally reported it would need to divest about 300 stores. The deal is expected to close in May.

Transportation company adding 40 jobs in Charlotte

April 8, 2015

(The Charlotte Observer)

Total Quality Logistics will add 40 jobs in Charlotte by year-end as part of a companywide expansion. The Cincinnati-based freight brokerage firm employs about 70 people in Charlotte. Most of the new jobs will be sales positions.

Charlotte's BofA makes list of top corporate blunders

April 8, 2015

(The Charlotte Observer)

CNBC included Bank of America's ill-advised 2011 plan to charge debit card customers a $5 monthly fee on its list of corporate blunders that could have been avoided. Other companies on the list include Coca-Cola, for changing its original soft-drink formula in 1985, and Toys 'R' Us, for selling collectible figures based on characters from the AMC TV series Breaking Bad, complete with detachable sacks of cash and bags of meth.

Bojangles' plans to go public

April 7, 2015

(The Charlotte Observer)

Charlotte-based Bojangles' filed paperwork Monday for an initial public stock offering. Founded in Charlotte in 1977, the fast-food chain operates 622 stores in 10 states and the District of Columbia, though about two-thirds are in the Carolinas. The SEC filing said the number of shares to be offered and the price range have not been determined.

Charlotte business park sells for $33M

April 7, 2015

(The Charlotte Observer)

Shopton Ridge Business Park in southwest Charlotte has sold for more than $33 million. Aventura, Fla.-based Adler Kawa Real Estate Advisors bought the 422,400-square-foot park, which includes four industrial buildings, from Trinity Capital Advisors.

MetLife reaches hiring goal in Charlotte

April 6, 2015

(The Charlotte Observer)

New York-based MetLife said last week it has met its goal of creating more than 1,300 jobs at its retail headquarters Charlotte. In 2013, the insurance company said it would create 2,600 jobs in North Carolina, including 1,300 at a global technology center in Cary, and was awarded up to $87.2 million in state grants.

Duke Energy to pay Virginia $2.5M coal-ash settlement

April 6, 2015

(The Charlotte Observer)

Duke Energy will pay $2.5 million to Virginia for its February 2014 coal-ash spill into the Dan River, bringing the utility's total costs related to the spill to nearly $150 million. Virginia will spend the majority of the money on environmental projects in areas affected by the spill.

Belk exploring possible sale

April 3, 2015

(The Charlotte Observer)

As part of a strategic planning process, Charlotte-based Belk Inc. — the nation's largest family-owned and operated department store — hired Goldman Sachs Group Inc. to examine the possibility of a sale.

Belk's biggest sale

Trinity Consulting acquired by New York firm

April 3, 2015

(The Charlotte Observer)

Trinity Consulting, a Charlotte-based risk-management and employee-benefits firm, has been acquired by New York-based NFP. Terms of the deal were not disclosed.

Charlotte community foundation reports $1.7B in assets

April 2, 2015

(The Charlotte Observer)

The Foundation for the Carolinas plans to announce Thursday it now manages $1.7 billion in charitable assets, making it the ninth largest community foundation in the nation. The Charlotte-based foundation in 2014 raised $627 million, double the amount raised the previous year, and awarded grants totaling $316 million.