Charlotte

Luxury apartments under construction in midtown Charlotte

March 14, 2014

(The Charlotte Observer)

Construction has begun on a 296-unit luxury apartment complex close to Carolinas Medical Center and the Metropolitan complex in Charlotte's midtown area. Crescent Communities is developing the $50 million project, which will have street-level retail, two parking levels and five levels of apartments.

Charlotte Douglas cancels solar project

March 13, 2014

(The Charlotte Observer)

Charlotte Douglas International Airport has canceled plans to install solar panels that could have produced 53 megawatts of energy. An official said the airport is considering adding a fourth parallel runway, and the solar panels might interfere with the expansion. In addition, panels that were to be installed on parking lots could jeopardize tax-exempt bonds the airport uses to pay for parking projects.

Chinese coal firm moving to Charlotte

March 13, 2014

(The Charlotte Observer)

The Daniels Company, a subsidiary of a Beijing-based coal-prep technology firm, has bought an office building adjacent to SouthPark mall and plans to relocate 30 workers there from Bluefield, W.Va. The company also plans to hire an additional 30 people and open a manufacturing center for coal-production equipment.

Federal jury rules against Charlotte's LendingTree in patent infringement case

March 13, 2014

(The Charlotte Observer)

A federal jury ruled that three competitors of Charlotte-based LendingTree.com did not infringe on patents the online lender holds to protect its methods to match borrowers with lenders.

Chiquita contract says global headquarters must stay in Charlotte

March 12, 2014

(The Charlotte Observer)

Chiquita Brands International's contract with Charlotte and Mecklenburg County requires it to keep its headquarters there in order to continue to receive incentives and states the company must repay incentives already received if it relocates within 10 years. Chiquita announced this week it is merging with Irish fruit company Fyffes and moving its global headquarters to Dublin.

Shelby firm to offer high-speed broadband service similar to Google Fiber

March 12, 2014

(The Charlotte Observer)

Shelby-based RST Fiber says it spent four years installing cable and acquiring existing lines across North Carolina and is ready to introduce a new network that can connect to the Internet at speeds 100 times faster than today's offerings.

Southwest wants to add flights from Dallas to Charlotte, Raleigh

March 12, 2014

(The Charlotte Observer)

Southwest Airlines wants to add nonstop flights from Dallas to about a dozen cities including Charlotte, Raleigh and Charleston, S.C. The carrier is hoping to add two gates at Dallas Love Field that American Airlines was forced to give up as a result of its merger with US Airways.

Carolinas HealthCare uses patient data to cut costs

March 12, 2014

(The Charlotte Observer)

Through expanded use of electronic medical records, Carolinas HealthCare System is harnessing patient information to prevent illnesses, manage chronic conditions and ultimately keep costs down. The hospital system is forecasting its first loss next year in more than 30 years. 

Charlotte-based Chiquita to merge with Irish fruit company

March 11, 2014

(The Charlotte Observer)

Chiquita Brands International will merge with Fyffes, an Irish produce company. The new company will be called ChiquitaFyffes and will be based in Dublin. Ed Lonergan, chief executive of Chiquita, said the deal should not have a major impact on the company's employment in Charlotte.

Duke Energy CEO says customers would pay for ash cleanup

March 10, 2014

(The News & Observer, Raleigh)

Duke Energy CEO Lynn Good said Friday that the utility would seek to increase customer rates to pay for the expense of cleaning up ash ponds. Early estimates show costs to move coal ash away from drinking-water sources at 14 sites in N.C. could be close to $1 billion. 

Charlotte may break up Eastland Mall site into sections

March 10, 2014

(The Charlotte Observer)

The city of Charlotte may commission a new study to determine the best option for the 80-acre site of the former Eastland Mall. Now that it appears the city will not move forward with a movie studio project, it may consider breaking up the site into smaller sections with multiple developers.

Fans line up to buy single-game tickets for Charlotte Knights

March 10, 2014

(The Charlotte Observer)

Single-game tickets for Charlotte Knights home games went on sale Saturday, and tickets for the season's first two home games at the new BB&T Ballpark on April 11 and April 12 sold out by the end of the day. Season-ticket packages including those same games were still available.

AIG selects uptown Charlotte site for technology center

March 10, 2014

(The Charlotte Observer)

American International Group will open its new Charlotte technology center at the BB&T Center in uptown this summer. The insurance company announced last December it would open the software-development center and create 230 jobs with an average annual salary of about $100,000.

Business students present marketing ideas for Salisbury's Cheerwine

March 10, 2014

(The Salisbury Post)

Salisbury-based Cheerwine solicited marketing ideas from its core demographic – college students – at a global marketing summit the soft-drink company sponsored at Wake Forest University's Center for Retail Innovation.

New outlet mall in Charlotte will open in July

March 10, 2014

(The Charlotte Observer)

Charlotte Premium Outlets in southwest Charlotte is expected to open in July. The joint venture between Tanger Factory Outlet Centers and Simon Property Group will have 400,000 square feet or retail space and about 90 tenants.

Red Ventures moving 280 jobs to Charlotte area

March 7, 2014

(The Charlotte Observer)

Red Ventures says it will move 280 jobs to its headquarters site in Indian Land, S.C. and Charlotte. The marketing-services company will close its operations in San Antonio and Miami in an effort to move all employees closer together. All but 55 of the affected employees will be offered the opportunity to relocate to the Charlotte area.

Movie studio project for Charlotte's Eastland Mall site in jeopardy

March 7, 2014

(The Charlotte Observer)

Although a formal decision has not been made, it appears the Charlotte City Council will not to extend developer Bert Hesse's exclusive window to make a deal with the city regarding the Eastland Mall site. Hesse wanted to develop the site into movie studios, but council members say he has produced little information about the project's financing.

Cold weather boosts Piedmont Gas earnings

March 7, 2014

(The Charlotte Observer)

Charlotte-based Piedmont Natural Gas reported net income of $97.6 million for the first quarter, almost 14% higher than the same period a year ago. Total revenue for the quarter was up 28% to $657 million.

Charlotte says Orr responsible for parking rate increase at Charlotte Douglas

March 6, 2014

(The Charlotte Observer)

A report from the Charlotte city manager's office says the city had to increase parking rates at Charlotte Douglas International Airport because former Aviation Director Jerry Orr did not plan for expenses associated with tearing down old parking decks. The airport began raising parking rates by 40% to 50% last month.

Charlotte's Park Sterling to buy Rock Hill-based community bank

March 6, 2014

(The Charlotte Observer)

Charlotte-based Park Sterling Bank Corp. will acquire Rock Hill, S.C.-based Provident Community Bancshares in a deal worth $6.5 million. The upcoming TARP deadline is prompting many small banks to consider acquisitions by larger banks better capable of repaying their debt obligations.