Charlotte

Charlotte developer to build two 10-story SouthPark office towers

December 2, 2013

(The Charlotte Observer)

Real estate development firm Lincoln Harris is building two 10-story office towers in Charlotte's SouthPark area. Construction is scheduled to begin this spring on the two buildings, which will each contain about 240,000 square feet of space.

Charlotte-based Carolina Premier Bank to change name, expand product offerings

December 2, 2013

(The Charlotte Observer)

Carolina Premier Bank announced last week it will switch from operating under a North Carolina charter to a national charter and will change its name, pending regulatory approval. The Charlotte-based bank, which serves small businesses and individuals, said the national charter will help it expand insurance, wealth management and mortgage product lines.

Catawba officials to consider Claremont manufacturing shell

December 2, 2013

(Hickory Daily Record)

Catawba County commissioners will meet to decide whether to support a proposal for a 51,200-square-foot manufacturing building in Claremont International Business Park. BG&A Properties LLC wants to build the shell structure with the hope of attracting new industry to the area.

Lufthansa will continue Charlotte-Munich flights

November 27, 2013

(The Charlotte Observer)

A spokesman from Lufthansa said the airline will continue its daily nonstop flights between Charlotte and Munich once the merger is complete between American Airlines and US Airways. Direct flights to Germany are popular, as nearly 200 German companies have operations in the Charlotte area.

Charlotte Chamber says 1,000 new jobs coming to city

November 26, 2013

(The Charlotte Observer)

Officials from the Charlotte Chamber said recruitment efforts will bring about 1,000 new jobs and more than $240 million in investment to the city over the next few weeks and months. The Chamber said it has brought 7,208 new jobs this year, beating its goal of 5,100.

PNC Bank acquires naming rights to Charlotte concert venue

November 26, 2013

(The Charlotte Observer)

Charlotte's Verizon Wireless Amphitheater will become PNC Music Pavilion as a result of a multi-year deal Pittsburgh-based PNC Bank has secured with the concert venue's owner, Live Nation Entertainment. 

Evidence growing to support link between coal ash and groundwater contamination

November 25, 2013

(The Charlotte Observer)

A number of state and advocates' lawsuits are causing Duke Energy to make concessions regarding allegations coal ash stored at its North Carolina power plants can contaminate groundwater and threaten public health. 

Shelby fiber-optic company adds digital mapping services

November 25, 2013

(The Shelby Star)

RST Global Communications, a Shelby-based fiber-optic service network, has formed a new company, RST GEO, to provide digital mapping of construction projects for utilities, oil and gas companies, railroads and other industries.

Bank of America says it shouldn't be fined in Countrywide case

November 22, 2013

(The Charlotte Observer)

In a court filing this week, Charlotte-based Bank of America said it should not have to pay penalties over losses incurred by Sallie Mae and Freddie Mac over loans sold to them by the bank's Countrywide Financial Corp. unit. The federal government is seeking $864 million in fines.

Judge rejects Chiquita's bid to stop release of Colombia records

November 22, 2013

(The Charlotte Observer)

A federal judge has refused Chiquita Brands International's request to stop the U.S. Securities and Exchange Commission from releasing documents containing information on payments the Charlotte-based company made to Colombian terrorist groups. A Chiquita spokesman says the company will appeal the ruling.

National survey indicates strong outlook for Charlotte real estate market

November 21, 2013

(The Charlotte Observer)

The Urban Land Institute, a national nonprofit that researches real estate and land development uses, placed Charlotte at No. 16 and Raleigh/Durham No. 17 on its list of top national real estate markets to watch in 2014. The report is based on results of a survey of more than 1,000 real estate industry officials nationwide.

Lowes reports 3Q increase in sales, profits

November 21, 2013

(The Charlotte Observer)

Mooresville-based Lowes Inc. reported $499 million in profits for its third quarter, a 26% increase over the same period last year. Sales grew 7.3% to $13 billion, with stores in housing markets rebounding after the real estate crash posting the strongest growth.

DataChambers breaks ground on Charlotte-area cloud storage center

November 20, 2013

(The Independent Tribune, Concord)

DataChambers broke ground Tuesday on a 50,000-square-foot data center at North Carolina Research Campus in Kannapolis, its fourth cloud storage and information technology management center. DataChambers already has locations in the Triangle and Triad regions.

Convergys rededicates Charlotte call center after expansion

November 20, 2013

(The Charlotte Observer)

Cincinnati-based Convergys held a ribbon-cutting ceremony at its call center in Charlotte on Tuesday after completing a $1.8 million renovation there. The customer-service company said it has added 1,650 jobs at its two Charlotte locations since announcing the expansion in February.

Charlotte airport aims to become one of NC's largest solar producers

November 19, 2013

(The Charlotte Observer)

Charlotte Douglas International Airport is taking proposals from companies to install and operate solar panels on up to 128 acres, which could generate an estimated 53 megawatts at maximum output. According to an official from the city of Charlotte, the airport could use some of the electricity generated by the project but likely would sell it to Duke Energy.

Bank of America shares continue climb

November 19, 2013

(The Charlotte Observer)

Shares of Charlotte-based Bank of America reached a 52-week high on Monday, at one point reaching $15.17 before closing at $14.92. It was the highest share price since January 2011 when shares reached $15.31.

Shelby solar manufacturer to hire 70 more workers

November 18, 2013

(The Shelby Star)

Schletter Inc., a solar equipment manufacturer and sheet metal fabricator, plans to hire 70 workers by the end of 2013 to keep up with demand for its products. The company began production at its west Shelby plant this past summer and currently employs about 100 there.

Norandal plans layoffs at Salisbury plant

November 18, 2013

(The Salisbury Post)

Norandal USA will cut 59 jobs next month at its aluminum rolling mill in Salibury. The company says the layoffs are due to decreased demand for some of its light-guage foil products. 

FBI investigated Charlotte's DesignLine over manufacturing concerns

November 18, 2013

(The Charlotte Observer)

An attorney representing creditors for bankrupt bus-maker DesignLine revealed the FBI has investigated the Charlotte company during the past year over allegations the company installed used parts on new hybrid buses it was building.

Wells Fargo plans expansion in Charlotte's University City

November 15, 2013

(The Charlotte Observer)

A Wells Fargo spokesman said the San Francisco-based bank will lease space in a building it formerly occupied in the University City area of Charlotte to expand unspecified lines of business. Josh Dunn said the space will be used for new hires, but he did not give specifics on how many employees will work there or in which business areas.