Duke Energy Corp. said today that it plans to work with American Electric Power to develop a $275 million, 55-mile, extra-high-voltage transmission project with the Tennessee Valley Authority in Indiana and Kentucky. Duke and AEP have formed a joint venture, Pioneer Transmission, that plans to build ...Read More »
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Wells Fargo will pay up to $16 million to compensate customers who are deaf, have hearing problems or have trouble speaking, the U.S. Justice Department said. The government said the settlement resolves Americans with Disabilities Act complaints filed by customers with hearing ...Read More »
Embattled shipping company Horizon Lines faces losing its listing on the New York Stock Exchange. Charlotte-based Horizon Lines said it has fallen below the NYSE’s listing standards because its market capitalization averaged less than $50 million during a 30 trading-day ...
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The Michael Scott Mater Foundation said it has partnered with Accion USA to provide micro loans in Charlotte and throughout North Carolina. The partnership said it is focused on low- and moderate-income individuals, primarily minorities, who are having difficulty getting small-business ...Read More »
SPX Corp. said today that has been awarded a contract to design, build and install a new powder-processing line for dairy company Arla Foods Ingredients of Denmark. Terms of the deal were not disclosed. Charlotte-based manufacturer SPX will help Arla increase ...Read More »
North Carolina’s economy expanded by only 1 percent last year and will continue to have a sluggish recovery from the recession through 2012, University of North Carolina at Charlotte economist John Connaughton said today in his latest quarterly economic forecast. “Overall, the ...
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Charlotte home prices fell 6.8 percent in March from March 2010, according to the Standard & Poor’s Case-Shiller Home Price Index. The city’s home prices were down 2.4 percent in March from February. Home prices fell over the year in 19 ...
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Mitsubishi Nuclear Energy Systems plans to open its main engineering center in Charlotte, in a $4.1 million project that will create 135 jobs over the next five years, officials announced today. Gov. Beverly Perdue and Mitsubishi executives made the announcement at the ...Read More »
Unemployment in the Charlotte metro area dipped to 10.3 percent in April from 10.4 percent in March, keeping it above the state’s rate of 9.5 percent, the Employment Security Commission of North Carolina said today. Mecklenburg County’s rate was 9.8 percent, ...
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