Charlotte-based Tree.com, the parent company of LendingTree, said Thursday it plans to repurchase up to $15 million of its common stock. The stock will be bought for $7.25 to $7.75 per share. The company said it will have to determine ...Read More »
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Cato Corp., a Charlotte-based women’s specialty retailer, today reported net income of $6.7 million for the third quarter, a 123 percent increase over net income of $3 million for the third quarter of 2009. Sales during the quarter increased 4 ...Read More »
Providence Road between the Mecklenburg County line and Rea Road will open to traffic Friday if weather permits, according to the North Carolina Department of Transportation. Scurry Construction of Cornelius was awarded an $18 million contract to widen 3 1/2 ...
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Lincolnton-based Carolina Trust Bank has announced a public offering of up to 1.8 million shares of its common stock. The bank, which has six branches in Denver, Gastonia, Lincolnton and Vale, could sell up to 270,000 additional shares as part of the offering. ...
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After announcing Monday that it will spend $70 million to build global headquarters in Mecklenburg County, SPX Corp. broke ground Tuesday on a 53-acre manufacturing campus in China. SPX said the $40 million investment in China will be spread over the next three ...
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Charlotte-based Horizon Lines said it will launch express intermodal container service to inland U.S. cities when it begins its new Five Star Express trans-Pacific liner service in December. Plans include 15-day availability in Kansas City, Mo., from Shanghai and 16-day availability ...
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U.S. Transportation Secretary Ray LaHood will visit Charlotte Wednesday. Charlotte Mayor Anthony Foxx said he invited LaHood to Charlotte to share his thoughts on the importance of regionalism in the development of the city’s transportation system. “As U.S. secretary of ...Read More »
SPX Corp. will spend $70 million to build global headquarters in Mecklenburg County, generating 180 jobs in Charlotte over the next five years. Under the plan, the Ballantyne-based Fortune 500 company, which provides products and services for various industries — ...Read More »
Charlotte/Douglas International Airport had 12 percent more passengers in August compared with the same month last year, the biggest increase among the top 10 busiest U.S. airports, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics. Nationwide, airport traffic increased ...Read More »
Joseph-Beth Group has filed for Chapter 11 bankruptcy protection after announcing last week it is closing a Charlotte bookstore. The company, based in Cincinnati, is also closing stores in Cleveland, Pittsburgh and Nashville, Tenn. The company blames its struggles on the economy ...Read More »