With an announcement that an unnamed investor may purchase a $93.9 million loan on the EpiCentre, a group of about 40 contractors and others who say they are owed more nearly $10 million is wondering what the news means for ...Read More »
Two major Charlotte-area companies — home improvement retailer Lowe’s and drywall supplier National Gypsum — have been caught up in the Chinese drywall controversy. The drywall has been blamed for a host of problems cited by homeowners, from breathing difficulties ...Read More »
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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New Jersey-based Infocrossing said it will open a $75 million data center in Cleveland County, creating 17 technology jobs during the next four years. Infocrossing, an information technology company, is part of India-based Wipro Co. The announcement comes after Facebook this month ...Read More »
Charlotte-based Park Sterling Bank said it has hired Nancy Foster as chief risk officer. Foster, who is also director of the Risk Management Association in Philadelphia, has served as chief risk officer at New York-based CIT Group and held various positions for ...Read More »
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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LendingTree Loans, a subsidiary of Charlotte-based Tree.com, has signed an agreement to acquire the assets of Louisville, Ky.-based SurePoint Lending. The acquisitions is expected to close in the first quarter of 2011. As part of the transaction, Tree.com will pay ...Read More »