Mecklenburg Times: News for Mecklenburg, Union and Iredell counties Real Estate, Development, Construction, and Community News in the Charlotte area and throughout Mecklenburg, Union and Iredell counties

Charlotte-based FairPoint Communications said Monday that it has emerged from Chapter 11 bankruptcy protection. The company, headquartered at 521 E. Morehead St., said it has reduced its debt by about 64 percent through the restructuring, from $2.8 billion to $1 billion. It also ...

Tagged with: FairPoint Communications

When information technology services company Capgemini announced last week that it will open a Charlotte office and hire nearly 600 locals, it was welcome news in an area with a double-digit unemployment rate. But the announcement might not be good ...

Tagged with: Capgemini

Charlotte-based Duke Energy Corp. and China-based ENN Group today announced an agreement to develop technologies to build greener cities in China and the U.S. The agreement creates the Future Energy Technology Demonstration Platform. It will allow the companies to exchange ...

Tagged with: Duke Energy Corp.

Charlotte-based business-identity-management company UniversalBusinessListing.org and London-based Telnic Ltd. said they are partnering to integrate .tel domains into UBL’s commercial offerings. UBL CEO Doyal Bryant said the .tel domain offers businesses a refined contact page with strong visibility and quick indexing in search engines, making it ...

Washington, D.C.-based The Carlyle Group has acquired Hickory-based CommScope, the companies announced today. Stock for CommScope, which provides infrastructure solutions for communications networks, will be delisted for trading. Thursday was the last day the stock was traded on the New York Stock ...

Paris-based Capgemini will open a $4.2 million office in Charlotte, creating 550 new jobs over the next three years, Gov. Beverly Perdue said today in an announcement at the Charlotte Chamber of Commerce in uptown. Capgemini provides consulting, technology and outsourcing ...

Tagged with: Anthony Foxx Beverly Perdue Capgemini

Charlotte-based Curtiss-Wright Controls said it has acquired Predator Systems Inc. in a $13.25 million deal that closed Friday. Curtiss-Wright Controls is the motion-control segment of Parsippany, N.J. -based Curtiss-Wright Corp. The company designs, manufactures and overhauls products for motion- and flow-control applications and ...

Hickory-based CommScope said it has settled a patent-infringment lawsuit it filed against a Missouri company. CommScope, which specializes in communications infrastructure, sued BoreFlex in September, claiming the company infringed on a CommScope patent on improvements to toneable conduit with an embedded wire to carry ...

Charlotte-based UniversalBusinessListing.org said it has expanded its West Coast operations with the appointment of executives. David Ingram, co-founder of the Brownbook directory, will join the company as senior vice president of strategic partnership development. He will be based in Silicon Valley. The ...

Charlotte-based Goodrich Corp. said it has begun environmental testing of ORS-1, the first satellite in the U.S. government’s Operationally Responsive Space program. Goodrich is the prime contractor for the satellite, which is being tested at Goodrich’s ISR Systems facility in Danbury, Conn. The ...

Tagged with: Goodrich Corp.