Charlotte

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.

Fewer parking spaces available at Charlotte airport for the holidays

November 15, 2013

(The Charlotte Observer)

Due to the demolition of its old hourly parking decks and ongoing construction of a new, $120 million one, Charlotte Douglas International Airport has 4,000 less available parking spaces than it did last holiday season.

Foreclosure filings drop 39% in Charlotte area

November 15, 2013

(The Charlotte Observer)

Foreclosure filings in the Charlotte area were down 39% in October from a year ago, while nationwide filings were down 28% for the same time period based on Realty Trac data.

Industry magazine ranks Duke Energy's Rogers at top of list

November 14, 2013

(The Charlotte Observer)

Power Engineering magazine named Duke Energy chairman and former chief executive Jim Rogers the most influential person in the power generation industry. 

Former Delhaize CEO will lead Office Depot

November 14, 2013

(The Salisbury Post)

Roland Smith, former CEO of Delhaize America, has taken the top leadership position at Office Depot Inc. Smith resigned from Salisbury-based Delhaize America, which does business as Food Lion, in September.

US Airways, American Airlines reach settlement with DOJ

November 13, 2013

(The Charlotte Observer)

The planned merger between American Airlines and US Airways could close by the end of December, after both companies reached a settlement agreement with the U.S. Department of Justice allowing the merger to proceed. As part of the agreement, the airlines agreed to keep a hub at Charlotte Douglas International Airport for at least three years. 

Gastonia medical office building sold for $20.3 million

November 13, 2013

(The Gaston Gazette)

A Nashville, Tenn.-based real estate investment group has purchased Summit Crossing Place, a 91,000-square-foot office building near CaroMont Regional Medical Center in Gastonia for $20.3 million.

Charlotte's Dilworth neighborhood could get 5-story hotel

November 13, 2013

(The Charlotte Observer)

Developers have filed a rezoning application to build a 5-story hotel with a rooftop restaurant on a 1.28 acre parcel in Charlotte's Dilworth neighborhood. The petition does not specify which brand name the hotel would have.

Decker says skills gap, influx of jobless newcomers keeping unemployment rate high

November 13, 2013

(The Charlotte Observer)

Commerce Secretary Sharon Decker said the combination of a skills gap and a large number of jobless people moving to the state are keeping the unemployment rate high. Decker made the remarks at an appearance in Charlotte Tuesday, where she also touted the state's new public-private partnership for job recruitment. 

Lincoln County pharmaceutical plant to close, lay off 310

November 12, 2013

(The Charlotte Observer)

Actavis PLC announced it will close its Lincoln County pharmaceutical plant, laying off 310 workers gradually through mid-2015. The plant makes prescription creams and ointments and over-the-counter products including antibiotic creams and children's ibuprofen. 

Belk stores to open on Thanksgiving Day

November 12, 2013

(The Charlotte Observer)

Following the trend of other national department store chains, Charlotte-based Belk Inc. announced its stores will open at 8:00 p.m. on Thanksgiving Day. Over the past few years, Belk's stores had opened at 3:00 a.m. on Black Friday.

US wants BOA to pay nearly $864 million over Countrywide mortgages

November 11, 2013

(The Charlotte Observer)

In a filing late Friday, the federal government requested Charlotte-based Bank of America pay $863.6 million in damages after the bank was found liable for fraud over thousands of defective home loans it sold to Fannie Mae and Freddie Mac through its Countrywide Financial unit between August 2007 and May 2008.

Extended Stay hotel chain expected to go public this week

November 11, 2013

(The Charlotte Observer)

Extended Stay America, a Charlotte-based hotel chain which owns and operates 682 properties, is planning an initial public offering this week. The company said in a filing last month it plans to sell up to 32.5 million shares priced between $18 and $21.