Charlotte

CMS superintendent resigned amid allegations of misconduct

November 5, 2014

(The Charlotte Observer)

Charlotte-Mecklenburg Schools Superintendent Heath Morrison resigned just two days after the completion of an investigation into allegations of misconduct, including bullying staff members, and cost overruns at new schools.

Snyder's-Lance increases investment in organic snack-maker

November 5, 2014

(The Charlotte Observer)

As part of an effort to expand its product offerings of healthier snacks, Charlotte-based Snyder's-Lance increased its stake in Late July Snacks – an organic snack company based in Boston – from 19% to 80%. 

Cannon in trouble again after voting in midterm election

November 5, 2014

(The Charlotte Observer)

Former Charlotte mayor Patrick Cannon could go to prison sooner than expected after violating his bond by casting a ballot during the early voting period. Cannon lost his voting eligibility when he pleaded guilty to and was later convicted on corruption charges. He is expected to begin serving a 44-month prison sentence later this month.

 

Morrison resigns as CMS superintendent

November 4, 2014

(The Charlotte Observer)

Heath Morrison resigned as superintendent of Charlotte-Mecklenburg Schools to spend more time with his family, particularly with his mother who lives in Williamsburg, Va. He did not give specifics regarding his mother's condition. Morrison came to CMS in July 2012. Deputy Superintendent Ann Clark will take over the position in the interim role. 

Hickory's Corning Optical considers headquarters move

November 3, 2014

(Hickory Daily Record)

Corning Optical Communications is starting a 24-month analysis that could result in the fiber-optics company moving its headquarters out of Hickory. A division of Corning Inc., the company is Catawba County's eighth largest employer with more than 1,000 employees, according to the Catawba County Economic Development Corp. The company declined to release employment figures. 

Dollar General extends Family Dollar offer until Dec. 31

November 3, 2014

(The Charlotte Observer)

Dollar General has extended its $80 per share all-cash takeover bid of Matthews-based Family Dollar Stores until Dec. 31. Family Dollar shareholders are scheduled to vote Dec. 11 on a deal in which Chesapeake, Va.-based Dollar Tree would acquire the discount retailer for $74.50 a share in cash and stock.

Hickory's Frye Regional expanding emergency department

November 3, 2014

(Hickory Daily Record)

Frye Regional Medical Center in downtown Hickory will increase the number of emergency room beds from 18 to 32 as part of a $9.5 million expansion that also includes technology upgrades. About 40,000 patients a year are treated at the ER, which was designed to treat 25,000 a year, according to the hospital's director of emergency services. The expansion is expected to be completed by early 2017.

Food Lion gets third president in less than two years

October 31, 2014

(The Charlotte Observer)

Food Lion President Beth Newlands Campbell is resigning this week, citing personal and professional reasons. She has held the position since December 2012. Meg Ham, president of Bottom Dollar Food, will replace her. Both Food Lion and Bottom Dollar are Salisbury-based subsidiaries of Brussels-based Delhaize Group.

Former BofA chairman takes leadership role at Shell

October 31, 2014

(The Charlotte Observer)

Chad Holliday, chairman of Bank of America from 2010 until CEO Brian Moynihan replaced him earlier this month, will become chairman of gas company Royal Dutch Shell next year. Holliday will continue to serve on the Charlotte-based bank's board.

Official: Gaston needs more shell buildings to attract industry

October 31, 2014

(The Gaston Gazette)

Donny Hicks, director of economic development for Gaston County, thinks the county needs more spec buildings to attract new business. He says the area has fewer buildings available than at any time in the past 30 years, while shell structures are going up in neighboring counties.

Alevo predicts up to 6,000 jobs in five years

October 30, 2014

(The Independent Tribune, Concord)

Battery-maker Alevo says it could add as many as 6,000 jobs over the next five years at its manufacturing plant in Concord. The Swiss company expects to begin shipping utility-scale batteries it will manufacture at the site of the former Philip Morris plant in July 2015. 

Charlotte's SPX to split into two companies

October 30, 2014

(The Charlotte Observer)

Charlotte-based SPX will spin off its flow products division – which includes pumps, valves and filtration systems – into a separate company. Both companies will be led by current SPX chairman and chief executive Chris Kearney and will maintain their headquarters in Ballantyne.

Charlotte's Crescent sells apartment complexes in $700M deal

October 30, 2014

(The Charlotte Observer)

Charlotte-based Crescent Communities will sell nine apartment complexes comprising 2,667 residential units for close to $700 million. Charlotte's Crescent SouthPark will be sold to UBS Global Asset Management and Crescent Dilworth will be sold to an unnamed institutional buyer. Other complexes included in the sale are in Durham, Raleigh, Atlanta, Tampa, Fla., and Orlando, Fla.

Charlotte area unemployment rate falls to 6.2%

October 30, 2014

(The Charlotte Observer)

The Charlotte-Gastonia-Rock Hill area's unemployment rate fell in September to its lowest level since May 2008, according to the latest government statistics.

Battery-maker bringing 500 jobs to Concord

October 29, 2014

(The Charlotte Observer)

Alevo Group plans to hire about 500 workers by the end of 2015 at the former Philip Morris cigarette plant in Concord. Earlier this year, the Swiss company paid $68.5 million to purchase the 2,000-acre campus where it will make lithium-ion batteries for power companies. The company expects to hire up to 2,500 people over three years. 

Charlotte mulls incentives for Synchrony Financial

October 29, 2014

(The Charlotte Observer)

Charlotte City Council is considering incentives for Synchrony Financial to expand its presence in the Queen City. The financial-services company, a spinoff of GE, could add 125 management jobs with an average annual salary of $125,000 and 275 call-center jobs with an average salary of $27,000.

Father-son duo accused of stealing $11 million from clients

October 29, 2014

(The Charlotte Observer)

The operators of a Cornelius-based payroll-services company were indicted on charges of stealing at least $11 million from 113 clients. William James Staz, 72 and son James William Staz, 43, used money they embezzled from Employee Services Net to buy a luxury home and a $120,000 Mercedes Benz and on strip-club entertainment and jewelry purchases.

Chiquita's new owners must repay incentives if jobs move out of NC

October 28, 2014

(The Charlotte Observer)

Two Brazilian companies will purchase Chiquita Brands International for $680 million in cash, and the N.C. Economic Development board said Cutrale and Safra Group would be required to pay back state and local incentive money if they move jobs out of North Carolina. Chiquita was awarded $22 million in 2011 to move its headquarters from Cincinnati to Charlotte.
Related: Brazilian companies to buy Chiquita

Gordon Food Service bringing 275 jobs to Cabarrus County

October 27, 2014

(The News & Observer, Raleigh)

Gordon Food Service will invest $58 million in a new Kannapolis distribution center and plans to create 275 jobs over five years. The Grand Rapids, Mich.-based company distributes food products to restaurants, schools and health-care companies throughout the Eastern U.S. and Canada.

Battery maker plans major jobs announcement

October 28, 2014

(WRAL.com)

Startup battery manufacturer Alevo Group is expected to announce plans today for the former Philip Morris USA cigarette plant in Concord. The company said it plans to hire 500 workers in 2015 and, if sales take off, 2,500 or more within three years. Alevo will make utility-scale batteries for power companies and grid operators.