Charlotte

Help wanted in Charlotte: Nurses, truckers and IT professionals

January 6, 2014

(The Charlotte Observer)

Based on data from the North Carolina Department of Commerce, registered nurses, truck drivers and information technology professionals including computer analysts and software developers top the list of online job postings in the Charlotte area for the most recent 90-day period.

Public documents reveal maintenance issues for Charlotte bus-maker DesignLine

January 6, 2014

(The Charlotte Observer)

Documents reveal new information about the troubles of Charlotte bus manufacturer DesignLine, which sold buses to Charlotte Douglas International Airport beginning in 2007, including braking problems, a fire on one of its buses and the airport's difficulty obtaining parts for repairs.

Charlotte doctors accuse hospital chain of Medicare fraud, kickback offers

January 3, 2014

(The Charlotte Observer)

Two Charlotte emergency-room doctors have filed a lawsuit against hospitals in Mooresville and Statesville and their owner, Health Management Associates, claiming the for-profit hospital chain committed Medicare fraud and offered them kickbacks to order unnecessary tests and admit more patients.

Charlotte restaurant group purchases its first U.S. Hooters locations

January 3, 2014

(The Charlotte Observer)

Hooters franchisee Chanticleer Holdings announced it will acquire its first Hooters locations in the U.S., one each in Oregon and in Washington state. The Charlotte-based company has been diversifying its portfolio of restaurants, recently buying Charlotte-based American Roadside Burgers and a majority stake in the companies that own Just Fresh cafes.

First Bank's Ocheltree to lead Lincolnton's Carolina Trust Bank

January 2, 2014

(The Gaston Gazette)

Lincolnton-based Carolina Trust Bank appointed Jerry L. Ocheltree as its president and chief executive officer. Ocheltree, formerly CEO of Troy-based First Bank, assumed the title effective Jan. 1. Carolina Trust has seven full-service branches in Western N.C. as well as a loan production office in Hickory.

Report shows Charlotte home prices post biggest annual gain in 26 years

January 2, 2014

(The Charlotte Observer)

Charlotte home prices in October increased 8.8% over the previous year, the market's biggest annual gain since 1987. October was the region's 20th consecutive month of year-over-year price increases.

Officials see Charlotte as major logistics hub with opening of new railyard

December 31, 2013

(The Charlotte Observer)

Economic development leaders hope a new railyard at Charlotte Douglas International Airport will attract more manufacturing, trucking and warehouse companies to the area. The new intermodal yard was designed to handle 200,000 transfers a year, with parking spaces for 1,331 trucks.

Wells Fargo settles Fannie Mae mortgage case for $591 million

December 31, 2013

(The Charlotte Observer)

Wells Fargo announced it will pay $541 million to Fannie Mae in a settlement over bad mortgage loans the bank sold it before 2009. The amount is part of a $591 million total settlement reached between the San Francisco-based bank and the government-sponsored mortgage lender.

Race team expanding in Kannapolis

December 31, 2013

(The Independent Tribune, Concord)

Stewart-Haas Racing is investing $6 million in a 125,000-square-foot expansion at its Kannapolis headquarters, as it expands from three to four Sprint Cup race teams in 2014. The new center will house research and development, a pit fitness and training center and garage space.

Charlotte's WTVI still years away from getting back in the black

December 30, 2013

(The Charlotte Observer)

Charlotte's public television station, which was taken over in 2012 by Central Piedmont Community College, says it is still three years away from being self-supporting. WTVI's losses tripled in the fiscal year ending in July 2013, largely due to consolidation with CPCC's former cable operation and higher fees paid to PBS to bring back top-tier programming, which the station had cut in 2004.

Piedmont Gas reports 12% increase in 2013 net income

December 24, 2013

(The Charlotte Observer)

Piedmont Natural Gas reported it earned $134.4 million in profit on almost $1.3 billion in revenues for its fiscal year which ended Oct. 31. That's a 12% increase in net income over the previous year for the Charlotte-based utility.

Stanly County composite-decking manufacturer to expand, create 25 jobs

December 24, 2013

(The Charlotte Observer)

Fiber Composites LLC, which operates as Fiberon, will invest $3.8 million and create 25 new jobs over three years in an expansion of its manufacturing plant in New London. The privately-owned company, which employs 324 in North Carolina, makes composite and PVC decking, railing and fencing.

Former Gastonia bank building to become luxury hotel

December 24, 2013

(The Charlotte Observer)

The 100-year-old Lawyers Building in downtown Gastonia will be renovated as an upscale hotel. Developer Nathan Kirby said he will announce an affiliation with a nationally recognized brand at a groundbreaking ceremony in January. The hotel, which will have 31 rooms and a full-service restaurant, is located a half-block from Gastonia's convention center and should open in September.

Electrolux to add 810 jobs in Charlotte

December 23, 2013

(The Charlotte Observer)

Swedish appliance-maker Electrolux will double its workforce in Charlotte, adding 810 workers and spending $85 million on a 375,000-square-foot building adjacent to its North American headquarters in the University area. The new jobs will be in a range of fields, including research and development, IT and finance and will pay an average wage of $100,000.

New Charlotte Hornets logo revealed

December 23, 2013

(The Charlotte Observer)

The new Charlotte Hornets logo was revealed at the Charlotte Bobcats game on Saturday, bringing back the team's original colors of teal and purple but with a slightly tougher look. The team also announced that mascot Hugo will return when the Bobcats become the Hornets again next season.

Orr will retire from Charlotte Airport Commission

December 20, 2013

(The Charlotte Observer)

Jerry Orr will retire as executive director of the Charlotte Airport Commission effective Dec. 31, he told the commission at its second-ever meeting Thursday night. Orr worked at Charlotte Douglas International Airport for nearly 40 years, serving as executive director from 1989 until July 18, when state legislature passed a law taking control of the airport away from the Charlotte City Council.

Statesville man indicted in $44 million Ponzi scheme

December 20, 2013

(The Charlotte Observer)

Daniel Harold Williford was indicted by a federal grand jury on Wednesday for his involvement in a $44 million Ponzi scheme that defrauded more than 200 investors between January 2007 and July.

Charlotte mayor working to improve city's relationship with state lawmakers

December 19, 2013

(The Charlotte Observer)

Newly elected Mayor Patrick Cannon is making efforts to repair relationships between the Democratic-led city of Charlotte and the state legislature, which is controlled by a Republican majority.

Resignations precede second meeting of Charlotte airport commission

December 18, 2013

(The Charlotte Observer)

A Gaston County representative serving on the Charlotte Airport Commission has resigned, as has Johnny Harris, a Charlotte real estate developer who served on the commission's oversight committee. The group will hold its second meeting Thursday night, when it is expected to decide whether or not to retain longtime aviation director Jerry Orr.

Rate increase approved for Piedmont Natural Gas

December 18, 2013

(The Charlotte Observer)

The N.C. Utilities Commission approved a 3.6% rate hike for Piedmont Natural Gas Co. which will increase customers' residential gas bills by $2.50 a month beginning in January. The commission said reductions in fuel costs and other adjustments will offset the rate increase, and customers in Charlotte and other towns serviced by Piedmont should end up paying less overall in 2014.