Charlotte

Concord energy-storage company lands first big order

March 18, 2016

(The Charlotte Observer)

Alevo said Thursday it has received an order for an 8-megawatt energy-storage system from a Delaware utility. Alevo's production plant is located at the site of the former Philip Morris USA cigarette factory in Concord.

State approves Center Point-Cardinal merger

March 18, 2016

(Winston-Salem Journal)

N.C. Health Secretary Rick Brajer said Thursday the merger is part of a strategy to reduce the number of behavioral-health managed care organizations to four from eight. Kannapolis-based Cardinal Innovations Healthcare Services is the state's largest behavioral-health MCO, providing care for 2.4 million N.C. residents. Some administrative positions at Winston-Salem-based CenterPoint could be eliminated after the merger.

Developer scraps plans for downtown Charlotte condo tower

March 17, 2016

(The Charlotte Observer)

A planned condo tower in downtown Charlotte was canceled and the developer will consider other uses for the property. Boston-based RTG Holdings and Gunn Financial said not enough units pre-sold to get the project off the ground.

Hornets line up sponsors for next year's NBA All-Star game

March 17, 2016

(The Charlotte Observer)

The Charlotte Hornets have signed 15 sponsors for next year's NBA All-Star weekend. Most are local companies, including Bank of America, CPI Security, Lowe's and Babson Capital Management. The event will be held the weekend of Feb. 17 and is expected to generate about $100 million.

Meanwhile, Raleigh expects $5 million in visitor spending this week as it hosts opening rounds of the NCAA Basketball Tournament.

Duke Energy promotes Repko to chief fossil/hydro post

March 17, 2016

(The Charlotte Observer)

Senior Vice President Regis Repko will lead Duke Energy's unit that oversees fossil-fueled and hydroelectric power plants in six states. Repko, a nuclear engineer, has worked for the utility since 1985. He replaces Charlie Gates, who is retiring.

Former Charlotte mayor pleads guilty in voter fraud case

March 17, 2016

(The Charlotte Observer)

Former Charlotte Mayor Patrick Cannon pleaded guilty Wednsesday to a misdemeanor charge of attempted voter fraud. Cannon voted early in the November 2014 election two months after he was sentenced to prison for accepting bribes from undercover FBI agents.

Nucor lowers first-quarter guidance

March 16, 2016

(The Charlotte Observer)

The Charlotte-bases steelmaker said Tuesday it expects earnings between 20 cents and 25 cents per share, lower than 28 cents analysts projected. The company said demand for its auto products remains strong, while energy, heavy equipment and agricultural markets are weak.

Jones to lead Cabarrus Chamber

March 15, 2016

(The Independent Tribune)

Following a national search, Barbi Jones was named executive director of the Cabarrus Regional Chamber of Commerce. Jones currently works as communications and engagement officer at the Charlotte regional office of the United Way of Central Carolinas. She replaces Patrick Coughlin, who was ousted after two years in the position.

Charlotte apartment boom not slowing down

March 15, 2016

(The Charlotte Observer)

Apartment vacancy rates are lower than a year ago — 6.2% compared with 6.7% — and rents are up, with the average Charlotte apartment costing $1,011 a month, compared with $938 a year ago. The number of units under construction also increased during the last six months, according to a binannual report from Charlotte-based RealData.

BofA paid Clintons more than $1M for speeches

March 14, 2016

(The Charlotte Observer)

Bank of America paid Bill and Hillary Clinton about $1.1 million to speak at four private events between 2011 and 2014. The bank said it's not unusual for it to pay former elected or appointed officials to speak at private gatherings, which are usually held for clients or senior execs.
More BofA news: Bank of America consumer exec relocates to San Francisco from Charlotte

Officials celebrate 'topping out' at Mint Museum tower in downtown Charlotte

March 14, 2016

(The Charlotte Observer)

A 43-story apartment tower built atop the Mint Museum in downtown Charlotte reached its highest point this week. Developer Childress Klein says the 394-unit building will open this fall, with construction wrapping up in late November. It's downtown's tallest new residential tower since the Vue opened in 2010.

Pair of projects brings 230 new jobs to Cleveland County

March 11, 2016

(The Charlotte Observer)

Uniquetex, a company that makes nonwoven fabrics for the health care industry, is investing $31.6 million and adding 150 jobs in Grover. It's the Chinese manufacturer's first U.S. plant. Also, KSM Castings USA will spend $80 million on an expansion of its Shelby plant, adding 80 jobs. The German company makes light metal automotive components.

American Airlines, other carriers agree to 10-year lease with CLT

March 11, 2016

(The Charlotte Observer)

According to the terms of the new lease, Charlotte Douglas International Airport will continue giving the airlines 40% of profits from parking and concessions. Under a new provision, the carriers will provide debt guarantees for expansion projects at the airport over the next decade. Charlotte City Council is scheduled to vote on the lease agreement on Monday.

U.S. Rep. Adams will move to Charlotte

March 11, 2016

(The Charlotte Observer)

U.S. Rep. Alma Adams said she will move to Charlotte from Greensboro, bringing her closer to her constituents if she wins reelection in the 12th District. Federal judges last month said the 12th District was racially gerrymandered and ordered new congressional maps. The new maps shrank the 12th District to include mostly Mecklenburg County.

Rite Aid closing Charlotte distribution center

March 10, 2016

(The Charlotte Observer)

As announced last year, Rite Aid will close a Charlotte distribution center and lay off 270 workers by June 18. Affected workers will be given the opportunity to apply for jobs at the company's new distribution center in Spartanburg, S.C.

Charlotte Food Lion stores getting a $215 million makeover

March 10, 2016

(The Charlotte Observer)

Food Lion will spend $215 million to remodel 142 stores in the Charlotte region, though the figure also includes stores in Boone and Blowing Rock. The Salisbury-based grocer already completed store remodels in Wilmington, Greenville and Raleigh markets.

Carolinas HealthCare plans $150M cancer center expansion

March 9, 2016

(The Charlotte Observer)

Carolinas HealthCare System will spend $125 million to build a new outpatient center for cancer patients and $20 million to renovate 32 patient rooms at Carolinas Medical Center in Charlotte. Another $5 million will go toward renovations at the 4-year-old Levine Cancer Institute, which sees 15,000 newly diagnosed cancer patients a year.

Berger assembles group to look at Charlotte's LGBT ordinance

March 9, 2016

(The News & Observer, Raleigh)

Senate President Pro Tem Phil Berger named 10 state senators that will explore possible ways to overturn a Charlotte ordinance that would allow transgender people to use the bathroom of their choice. Meanwhile, Asheville City Council said Tuesday that city doesn't need a similar ordinance.

Pilots say American Airlines needs a culture change

March 8, 2016

(The Charlotte Observer)

The American Airlines' pilots union sent a letter to CEO Doug Parker describing a "toxic culture" between managers and employees. The pilots complained of payroll and scheduling problems and said the carrier's product is inferior to that of rival Delta Air Lines. The Fort Worth, Texas-based airline operates about 90% of daily flights out of Charlotte.

Tarwater reflects on 35 years at Carolinas HealthCare System

March 7, 2016

(The Charlotte Observer)

Michael Tarwater, who is retiring in June as CEO of Carolinas HealthCare System, talks about the evolution of the former Charlotte Memorial Hospital into a 40-hospital system with $8 billion in revenue, hospital consolidation and more.