Charlotte

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.

Parent company for Gastonia's WIX promotes Wilson to CEO

November 11, 2013

(The Gaston Gazette)

Keith Wilson, president of Affinia Group Inc.'s Global Filtration Group, will take over as CEO of the parent company of WIX Global Filtration on April 1 when the current CEO retires. Affinia recently announced plans to move its headquarters from Ann Arbor, Mich., to Gastonia.

Fifth Third latest bank to lay off mortgage workers in Charlotte

November 8, 2013

(The Charlotte Observer)

Fifth Third Bank has laid off an undisclosed number of workers in its mortgage division in downtown Charlotte. The Cincinnati-based bank reported a 17%, or $1 billion, drop in third quarter mortgage originations.

Charlotte airport commission holds first meeting

November 8, 2013

(The Charlotte Observer)

The 13-member Charlotte Douglas International Airport Commission held its first meeting on Thursday, with discussion turning to whether some members of the panel are actuallly opposed to the existence of the commission. The FAA still has not ruled whether the city or the newly formed commission will run the airport.

Chiquita reports $18 million third-quarter loss

November 8, 2013

(The Charlotte Observer)

Charlotte-based Chiquita Brands International posted an $18 million loss for its third quarter, compared with a loss of $67 million for the same period last year. The loss is attributed to an oversupply of fruit due to wars in the Middle East, costs of opening a new Midwest salad plant and bad weather in areas where it grows leafy greens.

Gaston's Parkdale Mills expanding in Georgia

November 8, 2013

(The Gaston Gazette)

Gaston County-based Parkdale Mills announced it is expanding production in Georgia, investing $85 million and creating 210 new jobs. The textile company produces fiber for high-end activewear. The company began as a single mill in Gaston County in 1916 and now has 25 plants in three countries.

Tea party critical of Pittenger

November 8, 2013

(The News & Observer, Raleigh)

U.S. Rep. Robert Pittenger received a letter this week from the Virginia-based Tea Party Leadership Fund PAC expressing its disappointment that the Charlotte Republican voted to end the federal government shutdown last month.