Last month, the Charlotte City Council approved a new policy designed to spread subsidized, affordable housing throughout the city. Months in the making, the policy is supposed to ensure that affordable housing in not clustered in certain areas. But not ...Read More »
Charlotte-based clothing retailer Cato Corp. today said sales for the five weeks that ended Saturday totaled $97.4 million, an 8 percent decrease from $105.7 million for the five-week period that ended April 3, 2010. Same-store sales for the month decreased 9 percent. Sales for ...
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RALEIGH — Democratic Gov. Beverly Perdue and Republicans traded verbal jabs today over who’s getting the state economy back on track, a sign of their increasingly frayed relations heading into rough-and-tumble budget negotiations and the 2012 campaign. Perdue and Senate ...Read More »
RALEIGH — The governors of North Carolina’s public university system learned today that a possible 15 percent cut in state funding would eliminate thousands of classes across the 16 college campuses and mean job losses for more than a thousand ...Read More »
MATTHEWS — Former state House Speaker Jim Black said in a television interview broadcast today that he didn’t do anything illegal and never sought a profit despite his guilty plea to a federal corruption charge. Black told WRAL-TV in Raleigh ...Read More »
North Carolina home prices fell 2 percent in February from a year ago, according to Santa Ana, Calif.-based CoreLogic. The figure includes distressed sales. Prices for nondistressed sales rose 1.5 percent in the state. National home prices, including distressed sales, ...
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Gladstone Commercial Corp. today said it has bought a 60,000-square-foot office building in Hickory for $10.7 million. A press release from the McLean, Va.-based company did not list the property’s location. The building has a tenant with nine years remaining on its lease ...Read More »
WASHINGTON — Twenty-four states, the District of Columbia and Amtrak are vying for $2.4 billion in federal aid that became available when Florida’s governor canceled a high-speed rail project in his state, Transportation Secretary Ray LaHood said today. The deadline ...Read More »
LMC Capital said it has changed its name to Sherman & Co. Holdings. The Charlotte-based investment banking firm said it is not changing its services, which focus on the insurance industry. But the company has changed its website. LMC Capital was founded in ...Read More »
Unemployment in the Charlotte area fell to 10.7 percent in February from 11.2 percent in January, while Mecklenburg County’s unemployment rate remained unchanged at 10.2 percent, the Employment Security Commission of North Carolina said today. Those rates are still higher than ...
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