Appliance manufacturer Electrolux unveiled its new Charlotte headquarters Thursday and said it will add about 290 jobs at the site over the next five years, bringing the total to about 740. The company began a $13 million renovation of its ...Read More »
Goodrich Corp. said Thursday it has been chosen to provide the main landing gear for the Airbus A350-1000 XWB, a contract expected to generate more than $2 billion in revenue. The contract includes design, testing, manufacturing and in-service support for ...Read More »
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 »
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 »
Mecklenburg County’s audit has come back clean. Raleigh-based accounting firm Cherry Bekaert and Holland conducted the audit, which included an examination of 16 federal programs overseen by the county. Still, the firm raised concerns about missing paperwork in five of ...Read More »
Although they hesitated, the Mecklenburg County Board of Commissioners approved granting up to $6.48 million in federal Recovery Zone Facility Bonds to Red City Properties Tuesday. But first, commissioners questioned whether their approval of the funding could entangle the board in an ongoing lawsuit ...Read More »
It just got more expensive to violate Mecklenburg County’s air-quality laws. On Tuesday, the Mecklenburg County Board of Commissioners approved revisions to its air-quality ordinance, raising the maximum penalty for a violation from $10,000 per day to $25,000 per day, a measure ...Read More »
Based on recommendations from a financial consultant for the Charlotte Area Transit System, the planned Blue Line light-rail extension may be trimmed to make it more affordable. On Wednesday, Jeff Parker suggested to the Metropolitan Transit Commission that if CATS could find ways to cut ...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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