Charlotte
Charlotte manager: Airport bill would bring 'chaos'
June 6, 2013
(The Charlotte Observer)
Charlotte's City Manager Ron Carlee said a House version of a bill to transfer control of Charlotte's airport from the city to an independent authority would create "chaos," citing the elimination of a transition period and still-unknown factors such as what would happen to bonds and construction contracts.
Wingate moving satellite campus to Ballantyne
June 6, 2013
(The Charlotte Observer)
Wingate University will relocate its satellite campus from Matthews to the south Charlotte neighborhood Ballantyne's corporate park. The move will bring about 600 students and all of Wingate's graduate faculty to the new campus by late August.
SunTrust wants more bank branches in Charlotte
June 6, 2013
(The Charlotte Observer)
Atlanta-based SunTrust Bank wants to ramp up its presence in the Charlotte region, possibly adding more branches in the Lake Normal area in particular. The bank has 19 branches in Mecklenburg County.
Charlotte pizza chain expanding in Georgia
June 6, 2013
(The Charlotte Observer)
Charlotte-born pizza chain Brixx Wood Fired Pizza is expanding into Georgia, opening two locations in the Atlanta suburbs and another in Athens, Ga. The company has 21 restaurants in the Southeast.
Lawmakers, Charlotte officials at impasse over airport bill
June 5, 2013
(The Charlotte Observer)
A bill to transfer Charlotte's airport from city control to an independent authority advanced Tuesday in a House committee with few changes as negotiations stalled between the parties.
Charlotte Motor Speedway seeks to host X Games
June 5, 2013
(The Independent Tribune, Concord)
Charlotte Motor Speedway officials in Concord met with ESPN X Game recruiters as they try to lure the competition to the track for three years starting in 2014. Chicago, Detroit and Austin, Texas, are the other cities being considered for the games, which have an estimated economic impact of $50 million.
Harris Teeter recalls product linked to Hepatitis A outbreak
June 5, 2013
(News & Record, Greensboro)
Matthews-based grocer Harris Teeter issued a recall for its Harris Teeter Organics Antioxidant Berry Blend after the product came under investigation by the Food and Drug Administration after being linked to a Hepatitis A outbreak.
21,000 in North Carolina to get checks for improper foreclosures
June 5, 2013
(The Charlotte Observer)
About 21,000 North Carolinians are slated to get checks worth a total of $30.6 million for improper foreclosures as part of last year's sweeping settlement between the nation's big banks and state and federal officials.
Developers compete with visions for failed Charlotte mall
June 4, 2013
(The Charlotte Observer)
Developers have offered different visions for the failed Eastland Mall property in Charlotte, with one requesting to build movie studios and another an entertainment complex that would include a ski slope, skating rink and skating park. The city of Charlotte bought the property last year.
Cliffside plant behind Duke Energy rate hike request
June 4, 2013
(The Charlotte Observer)
As Duke Energy requests a 9.7% rate hike for its customers -- its third increase since 2009 -- a $2.2 billion addition at its Cliffside power plant is one of the driving forces behind the appeal. About $863 million of the improvements are cited in the rate request.
Charlotte firm buys Charleston developer
June 4, 2013
(The Charlotte Observer)
Charlotte-based investment and management firm South Street Partners acquired Charleston-based developer Kiawah Partners, which developed the 10,000-acre Kiawah Island resort property. The deal excludes the Kiawah Island Golf Club and a premier resort hotel on the property.
Belk profit falls as sales improve
June 4, 2013
(The Charlotte Observer)
Charlotte-based department-store chain Belk reported sales rose 5.1% in the most recent quarter compared to the year before, but profit dipped 30% to $28.2 million as store renovations and an e-commerce initiative ate up cash.
Prosecutions scarce in Beazer mortgage scandal
June 3, 2013
(The Charlotte Observer)
Prosecutions in the home-mortgage scandal spearheaded by Atlanta-based Beazer Homes that enveloped Charlotte have been scarce, and federal criminal charges against a Charlotte office manager illustrate how top officials have skirted justice system.
Small businesses hesitant to borrow
June 3, 2013
(The Charlotte Observer)
Small businesses in cities like Charlotte are borrowing money less often as they continue to worry about rising health-care costs and a still-shaky economic recovery.
Charlotte business schools adding more specialized business degrees
June 3, 2013
(The Charlotte Observer)
Universities with business schools in Charlotte such as Northeastern University and UNC Charlotte are offering more specialized master's degrees to meet local demands. MBAs remain the most popular programs though.
Multigenerational houses rise in Charlotte
June 3, 2013
(The Charlotte Observer)
Large homebuilders are increasingly constructing multigenerational houses in Charlotte, and the homes include more than just an extra bedroom.
Grant aims to spur development of west Charlotte corridor
June 3, 2013
(The Charlotte Observer)
A multi-million dollar grant from the Wells Fargo Foundation to Charlotte nonprofits is devoting a large chunk to redevelopment efforts along West Boulevard.
Charlotte sees spike in foreclosure sales
May 31, 2013
(The Charlotte Observer)
Charlotte foreclosure sales rose 45% during the first quarter this year, bucking a national trend of declines, according to data from RealtyTrac. That reflected more foreclosures in the region.
Charlotte's large companies stash cash overseas
May 30, 2013
(The Charlotte Observer)
Charlotte's largest companies are storing $22 billion in earnings overseas, a practice that recently came under increased scrutiny because of tech giant Apple's practices. It would cost the companies $5 billion in taxes to bring those earnings back to the U.S.
Food Lion parent shaking up grocery store business
May 30, 2013
(The Charlotte Observer)
Belgian grocer Delhaize, the parent of Salisbury-based Food Lion, is shaking up its U.S. grocery store business, selling its Harveys, Sweetbay and Reid’s banners to rival Bi-Lo for $265 million. Harveys and Reid's are also based in Salisbury, but what the impact would be on jobs was not immediately clear.
