Charlotte

Food Lion revenue increases amid store makeovers

May 1, 2015

(The Charlotte Observer)

Delhaize, the Brussels-based parent company of Salisbury-based Food Lion, said first quarter sales at its U.S. stores increased 3.2% to $4.4 billion compared with the same period last year. CEO Frans Muller said the company was encouraged by results at recently renovated Food Lion stores.

Bojangles' IPO expected next week

April 30, 2015

(The Charlotte Observer)

Bojangles' is expected to make its stock-market debut next week, according to Renaissance Capital, an IPO-focused research and management firm. The Charlotte-based restaurant chain said this week it plans to sell 6.2 million shares priced between $15 and $17 each. The IPO could raise about $122 million.

Report: SEC probing Bank of America trades

April 29, 2015

(The Charlotte Observer)

The Securities and Exchange Commission is investigating a group of complex trades to determine whether Bank of America broke client-protection rules in order to boost profits, according to a report in The Wall Street Journal.

Charlotte restaurant chain sold for $21M

April 29, 2015

(The Charlotte Observer)

Colorado-based Good Times Restaurants will acquire Bad Daddy's Burger Bar for $21 million, according to Bad Daddy's co-founder Frank Scibelli. Good Times already owns a 48% stake in the restaurant chain. Founded in 2007, Bad Daddy's has locations in four states, including four in Charlotte and two in the Triangle.

Bojangles' to price shares between $15 and $17

April 28, 2015

(The Charlotte Observer)

Bojangles' will offer about 6.25 million shares priced between $15 and $17 each in its initial public offering. The Charlotte-based restaurant chain operates 622 stores in 10 states and the District of Columbia with plans to expand in the Southeast.

CHS strikes deal with UnitedHealthcare

April 28, 2015

(The Charlotte Observer)

Carolinas HealthCare System has reached a deal with UnitedHealthcare that will allow Charlotte-area patients covered under the health-insurance provider to continue receiving care at CHS. The companies' contract expired on Feb. 28 after negotiations to renew it failed. United HealthCare insures more than 1 million people in N.C.

Duke Energy offers water to families near contaminated wells

April 28, 2015

(The Salisbury Post)

Duke Energy has offered bottled drinking water to 32 families near the Buck Steam Station in Rowan County after test results showed a high level of contaminants in private well water. The Charlotte-based company has said it isn't responsible for the contaminants, which it says are naturally occurring.

Charlotte real-estate pros say condos could make a comeback

April 27, 2015

(The Charlotte Observer)

Developers say some high-end apartments under construction in the Charlotte area could eventually be converted to condominiums. Many condominium projects were converted to rental units during the recession, and obtaining financing for condo projects remains difficult.

California company bringing 250 jobs to Union County

April 24, 2015

(The Charlotte Observer)

O'Neil Digital Solutions will invest $140 million in a printing and data center operation in Monroe. The Los Angeles-based company plans to create 250 jobs with an average annual salary of $58,819. O'Neil will receive more than $5 million in state and local incentives.

Groups urge BofA shareholders to vote against directors

April 24, 2015

(The Charlotte Observer)

Two shareholder-advisory groups are recommending Bank of America stockholders vote against certain directors to show disapproval of a bylaw change that will allow CEO Brian Moynihan to become chairman. The company's annual meeting will be held on May 6 in Charlotte.

CEO of Extended Stay America earned 32% less in 2014

April 23, 2015

(The Charlotte Observer)

Jim Donald, CEO of Charlotte-based Extended Stay America, earned nearly 32% less in 2014 compared with 2013. Donald joined the company in 2012, the year before it went public ("The Suitcase CEO." August). Shares closed Wednesday at $20.17, slightly above the $20 price when the company went public.

Cato CEO earned 57% more in 2014

April 23, 2015

(The Charlotte Observer)

John Cato, president and CEO of Charlotte-based retailer Cato, earned $4.57 million in 2014, compared with $2.92 million in 2013. The company said earlier this year its annual earnings for 2014 were the third highest in Cato's history.

Union County could land $140M printing and data center, 250 jobs

April 22, 2015

(The Charlotte Observer)

Union County commissioners approved incentives for an unidentified California-based company to build a $140 million printing operation and data center that would add 250 jobs with an average annual salary of $60,000. The company is also considering two South Carolina locations, a local official said.

Novant Health partners with St. Jude at Charlotte clinic

April 22, 2015

(The Charlotte Observer)

The St. Jude Affiliate Clinic at Novant Health's children's hospital in Charlotte is the seventh affiliate of Memphis-based St. Jude Children's Research Hospital, and the first in the Carolinas. The partnership will allow children being treated at Novant access to advanced clinical trials.

Pepsi distributor to open $12.5M plant in in Harrisburg

April 21, 2015

(The Independent Tribune, Concord)

Raleigh-based Pepsi Bottling Ventures will invest $12.5 million in a facility in Harrisburg that will employ about 176 people, though most workers will be relocated from existing plants in Midland, Statesville and Charlotte.

Wells Fargo Championship adds lot for Uber riders

April 21, 2015

(The Charlotte Observer)

For the first time, the Wells Fargo Championship will offer a designated lot for spectators using Uber, taxis and limos for travel to and from the golf tournament that is within walking distance of Quail Hollow Club's main entrance. A tournament spokesman said a reason was to attract young people to the tournament, which runs May 11 through May 17.
Related: "Cruise Control," February

WSJ: Wells Fargo could buy GE loan unit

April 21, 2015

(The Charlotte Observer)

Wells Fargo is among potential buyers for part or all of GE Capital's $74 billion financial-services unit that provides loans to midsize businesses, according to a report in The Wall Street Journal. GE announced earlier this month is was selling most of its GE Capital Real Estate assets to Blackstone and the San Francisco-based bank.

PETA targets Food Lion for use of live animals in ads

April 21, 2015

(WRAL.com)

People for the Ethical Treatment of Animals wants Food Lion to put an end to its advertising campaign that uses a lion telling people how they can save money by shopping at the grocery chain. A Food Lion spokeswoman says the company takes steps to ensure the safety and well-being of the lion during filming.

Columbia's Edens buys Charlotte shopping center for $22.5M

April 21, 2015

(The Charlotte Observer)

Columbia, S.C.-based Edens paid $22.5 million for a Charlotte shopping center anchored by a Harris Teeter grocery store. The 3.9-acre center sits at the intersection of Providence and Queens roads. The real-estate company bought Charlotte's Park Road Shopping Center in 2011 for $82 million.

Cabarrus to consider incentives for $12.5M project

April 20, 2015

(The Independent Tribune, Concord)

Cabarrus County commissioners will hold a public hearing Monday on whether to provide incentives for an unidentified company to invest $12.5 million and create 176 jobs in Harrisburg.