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Author Archives: Mecklenburg Times staff reports

Cato Corp. posts improved 4Q results

Charlotte-based clothing retailer Cato Corp. posted improved fourth-quarter financial results today. The company recorded net income of $7.9 million, or 27 cents per share, during the fourth quarter. During the same period one year earlier, Cato had net income of $7.3 million, ...

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New American Mortgage, Paramount Lending merge

Charlotte-based mortgage companies New American Mortgage and Paramount Lending have merged under the name New American Mortgage, the companies announced today. The merger will combine New American’s 280 employees nationwide with Paramount’s 20 employees, for a total of 300. Company officials say ...

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Red Cross names Central Piedmont director

The American Red Cross said Angela Broome is its new regional chief executive director for the Central Piedmont. The regional office, headquartered in Charlotte, covers 14 counties in North Carolina: Alexander, Anson, Burke, Cabarrus, Caldwell, Catawba, Cleveland, Gaston, Iredell, Lincoln, Mecklenburg, ...

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Goodrich provides intelligence sharing to UK

Goodrich Corp. said it has delivered technology to the UK’s Ministry of Defense to improve the sharing of geospatial intelligence between the UK and coalition forces. Under Project Attacker, Charlotte-based Goodrich’s Intelligence Surveillance and Reconnaissance Systems business based in the UK is providing data-management ...

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