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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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Board calls for outside firm to ‘bring credibility’ to ReVenture review

Saying the review process for the ReVenture park energy plant “has been compromised by local political and financial interests,” the Mecklenburg County Waste Management Advisory Board wants an internationally known waste-management firm to study the proposed project. On Tuesday, the ...

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