Charlotte

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.

BofA workforce nears 2008 levels

March 7, 2016

(The Charlotte Observer)

Charlotte-based Bank of America had 213,000 employees at the end of 2015, just 6,000 more than in June 2008. Since CEO Brian Moynihan took over in 2010, the bank has cut about one-quarter of its workforce, and Moynihan has said the bank will continue trimming its workforce in an effort to improve profitability. Despite the global cuts, Charlotte's local workforce has held steady at about 15,000 over the last decade.

Charlotte apartment complex sells for $51.9M

March 4, 2016

(The Charlotte Observer)

Chicago-based Waterton has acquired Addison Park, a 426-unit apartment community in north Charlotte, for $51.9 million. The seller was Heitman, also based in Chicago, which paid $33 million for the apartments in 2010. Waterton plans to renovate interiors and common areas.

BofA plans job cuts in trading, investment banking

March 4, 2016

(The Charlotte Observer)

Bank of America plans to lay off about 150 trading and investment-banking employees next week, the Charlotte Observer reports. It's not clear where the cuts will take place, but New York is BofA's hub for the two business units.

Duke to build first solar farm in Rowan County

March 4, 2016

(The Charlotte Observer)

Duke Energy will build a 6-megawatt solar facility in Rowan County, about 50 miles northeast of Charlotte. It's Rowan's first solar project. North Carolina ranks fourth in the nation for installed solar projects.

American seeks nonstop flight from CLT to Havana

March 3, 2016

(The Charlotte Observer)

American Airlines could begin offering nonstop flights from Charlotte to Cuba. The federal government is expected to review applications from American and other carriers this summer, and approved flights could begin in the fall.

Duke Energy cutting 900 jobs

March 3, 2016

(The Charlotte Observer)

The utility said most of the job cuts will be voluntary departures and most will be in the Carolinas, where Duke employs more than 18,000 people. The cuts are part of a cost-cutting initiative outlined in Duke's annual report.

NC re-evaluates contract with toll-road builder

March 3, 2016

(The Charlotte Observer)

A subsidiary of Cintra, the Spanish company that is building controversial toll lanes on Interstate 77 north of downtown Charlotte, has filed for bankruptcy after a toll project in Texas generated less-than-expected traffic. Nick Tennyson, secretary of the N.C. Department of Transportation, will meet with Texas DOT representatives and plans to "review every option" to reassess the company's business model and contract.

Honeywell drops bid for United Technologies

March 2, 2016

(The Charlotte Observer)

Honeywell is walking away from its $90 billion offer to buy Connecticut-based United Technologies, which employs about 500 in the Charlotte region. The aerospace company had rejected the offer last week, saying the deal would never be cleared by antitrust regulators.

Charlotte-based Siemens exec to retire

March 2, 2016

(The Charlotte Observer)

Mark Pringle, vice president of Siemens' Charlotte Energy Hub, will retire March 31. The Charlotte plant has undergone a $350 million expansion and its workforce has doubled since Pringle, a Pittsburgh native, took over management in 2003.

Duke Energy gets approval for new Asheville power plant

March 1, 2016

(Asheville Citizen-Times)

The state Utilities Commission approved Duke Energy's $1 billion plan to build two natural-gas turbines to replace its coal-burning units at Lake Julian near Asheville. The commission rejected Duke's request to build a third unit, though the utility could seek approval for that project at a later date.

CLT adding new concourse, part of $2.5B expansion plan

March 1, 2016

(The Charlotte Observer)

Charlotte Douglas International Airport began demolishing old rental-car buildings to make way for a new concourse, a $200 million project that will add nine gates for non-American Airlines traffic. Its part of a $2.5 billion plan that includes adding a fourth runway, a lobby expansion, a taller control tower and even more gates.

MassMutual buying MetLife adviser group for $300M

March 1, 2016

(The Charlotte Observer)

MassMutual will pay about $300 million for MetLife's Premier Client Group, which includes about 200 workers at MetLife's retail hub in Charlotte. MassMutual, based in Springfield, Mass., says it's too soon to say how the Charlotte jobs will be impacted.

Potential MetLife sale makes Charlotte workers uneasy

February 29, 2016

(The Charlotte Observer)

Some of the roughly 200 employees at MetLife's Premier Client adviser group in Charlotte say they are worried about losing their jobs. The New York-based company said Friday it is in talks with MassMutual to sell the unit.

3 film projects receive state incentives

February 29, 2016

(Asheville Citizen-Times)

Lionsgate TV was awarded a $4 million state film grant for a remake of the 80s movie Dirty Dancing. Filming will take place in Buncombe and Jackson counties. The state Commerce department also awarded film grants for Shots Fired, a TV show that will film in Charlotte, and an independent movie titled Three Billboards Outside Ebbing, Missouri, which will film in western N.C.

MetLife in talks with MassMutual to sell adviser group

February 26, 2016

(The Charlotte Observer)

Insurer MetLife said Thursday it is in talks with Massachusetts Mutual Life Insurance about selling its Premier Client Group, part of MetLife's retail operation that is headquartered in Charlotte. New York-based MetLife employs about 1,500 in Charlotte's Ballantyne Corporate Park.

Tape manufacturer creating 49 jobs in Cabarrus County

February 26, 2016

(The Independent Tribune, Concord)

Intertape Polymer will invest $40 million in a production facility in Midland, creating 49 jobs. The publicly traded company, with dual headquarters in Montreal and Sarasota, Fla., makes tapes and cloths for the automotive and aerospace industries. The new plant is expected to open by mid-2017.

BofA seeks to settle SEC probe, cuts more marketing jobs

February 25, 2016

(The Charlotte Observer)

Bank of America said in a securities filing it is working to settle an SEC investigation into whether its Merrill Lynch unit complied with federal regulations to protect customers' holdings. The Charlotte-based bank also cut a small number of jobs in its global marketing unit this week.