WASHINGTON — Government-controlled mortgage giant Freddie Mac has requested $6 billion in additional aid after posting a wider loss in the third quarter. Freddie Mac said Thursday that it lost $6 billion, or $1.86 per share, in the July-September quarter. ...Read More »
When Rob Nixon and business partner Andy Wilson bought a rundown former church at 1212 Pecan Ave. in Charlotte in March 2007 for $650,000 from Russ-Mar Properties, Nixon said he felt like Christopher Columbus. “I had my flag in the ...Read More »
Carolina Beverage Co. will get from $77,600 to $155,200 over a five-year period to expand its Mooresville production facility in an $8 million project. Iredell County’s Board of Commissioners approved the economic development incentives package last week for the company. ...Read More »
As the construction industry’s unemployment rate hit 13.7 percent, the sector lost 20,000 jobs from September to October, the Associated General Contractors of America said late last week. The losses stemmed from continued declines in the public sector, the Arlington, ...Read More »
A new Clear Capital report gives a poor assessment of the Charlotte-Gastonia-Concord housing market. On Thursday, the Truckee, Calif.-based company released its Home Data Index Market Report, which ranked the Charlotte metro area 12th among 15 low-performing markets. Home prices ...
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Thom Tillis, Republican speaker of the House for the North Carolina General Assembly, will be the keynote speaker at the Charlotte Region Commercial Board of Realtors’ annual meeting and awards luncheon Dec. 5. The event will be at Myers Park ...Read More »
The Charlotte-Mecklenburg Planning Department and Charlotte-Mecklenburg Planning Commission will hold public meetings in November for area plans and zoning text amendments that are being developed and nearing City Council vote. A citizens advisory group will meet 6 p.m. Thursday in ...Read More »
Salisbury’s City Council adopted an ordinance in October that will allow it to issue water and sewage extension permits locally instead of going through the state. Proud of that accomplishment, city officials declared that it would streamline the approval process ...
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