The Charlotte-based RoundPoint Financial Group announced today it has purchased a 40 percent stake in a $603 million mortgage loan portfolio from the Federal Deposit Insurance Corp., an independent agency created by Congress which guarantees the safety of deposits in ...
Read More »Piedmont Natural Gas boasts record income in fiscal 2010
Piedmont Natural Gas reported a record net income of $142 million for its fiscal year ending Oct. 31, a 15 percent increase over 2009’s net income of $123 million. The company attributes the increase to the sale of half of ...
Read More »Five Charlotte establishments receive Four Diamond awards
Charlotte’s hospitality and tourism sector got a boost Monday when AAA Carolinas honored five Center City accommodations and restaurants for superior quality and service. The Omni Charlotte Hotel hosted the event. The Hilton Charlotte City Center, Westin Charlotte and Omni ...
Read More »Plugging in: City tries to pave the way for electric vehicle use 
By Tara Ramsey The upcoming new year might usher in an acceleration of a movement in Charlotte toward electric vehicles. First, beginning late this year, the Chevy Volt and Nissan Leaf go on sale. The city of Charlotte and Duke ...
Read More »N.C. small firms get bigger slice of stimulus 
By Caitlin Coakley Small contractors have had more opportunities in North Carolina than they have nationally, at least when it comes to reaping the benefits of the federal stimulus bill, according to data provided by the Washington, D.C.-based National Association ...
Read More »Charlotte-area nonprofits try to do more with less: Recession leads to mergers and cuts in staff, programs 
By Sam Boykin “Doing more with less” has become the grim mantra for many Charlotte industries as the city continues to struggle through the recession. But it’s particularly applicable to the city’s nonprofit sector. With a record-high jobless rate, a ...
Read More »Farmed out: Animals become part of businesses’ ‘green’ plans 
By Tara Ramsey Sometimes it takes a goat to do a man’s job. At least that’s what agricultural entrepreneur Ron Searcy is hoping. Searcy and his wife, Cheryl, care for 300 goats at Wells Farms in Horse Shoe, N.C., about ...
Read More »City revisits program for minority, women contractors 
By Greg Lacour Charlotte city officials are considering resurrecting a program designed to steer a percentage of city contracts to minority and women-owned firms. Such programs are common in local and state government; North Carolina and Mecklenburg County already have ...
Read More »Programs aim to increase appetite for locally made food: Some say cost is a factor in supporting local farmers 
By Sam Boykin When musician Jack Johnson rolls into town Sunday for his concert at the Verizon Wireless Amphitheater, he’ll be urging his fans to support family farmers and to eat locally grown food. While a lofty goal that would ...
Read More »Views differ on health of Carolinas’ construction industry 
By Tara Ramsey At least one economist sees the commercial construction industry in the Carolinas as recovering. But many industry experts have a different view for the industry they see as just now hitting bottom. Anirban Basu, chief economist for ...
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