• Mecklenburg County discloses details of Charlotte's MLS stadium proposal

    Mecklenburg County released terms of the proposed Major League Soccer stadium on Friday, confirming previous reports by CBJ of a project totaling $175 million for a 20,000-seat stadium and costs divided evenly between team owners and local government.Dena Diorio, county manager, told CBJ the deal makes sense because it would convert an aging and rarely used property into a new stadium housing a big-league franchise while jump-starting development in surrounding areas. Speedway Motorsports CEO Ma
  • Flick picks: ‘Split’ a hair-raising psychological thriller

    M. Night Shyamalan has revived his career by revisiting his roots.Like 2015’s “The Visit,”“Split” marks a return for the writer-director to his early thrillers that take natural phenomena — clairvoyance in “The Sixth Sense,” superhuman strength in “Unbreakable” — to supernatural extremes.Here, it’s dissociative identity disorder (DID) — or split personality.Thanks to childhood trauma, Kevin (James McAvoy) has 23 distin
  • Another project to debut on uptown's active Stonewall corridor (SLIDESHOW)

    By the end of 2018, a full-service grocery store, thousands of residents, several companies and multiple retailers will have settled into new homes on Stonewall Street in uptown Charlotte, the biggest epicenter of development activity in the city.The projects are in very different stages — 615 South College, which began construction in August 2015, is almost done, whereas final details on other projects, including Lincoln Harris' development at the former Charlotte Observer site and Cresce
  • Local ad firm LGA finds new PR head from within

    Charlotte advertising and public-relations agency Luquire George Andrews has promoted Barry Finkelstein to head its PR operations.In his new position as senior vice president/director of public relations, Finkelstein will lead the firm's public-relations department and will serve on LGA's senior leadership team. Finkelstein first joined LGA in the summer of 2015, overseeing the firm's communications efforts as well as working on various new business initiatives. He has since worked with clients&
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  • Some well owners near ash ponds unhappy with solution offered by Duke Energy

    Duke Energy estimates it could spend $53 million on providing permanent alternatives and financial support for people relying on well water near its coal-ash ponds. But some of those people object that the company is not offering enough.WFAE, the public radio station in Charlotte, reports that “some well owners are balking at the offer.” They contend the “goodwill financial supplement” Duke offers is too small, WFAE’s David Boraks reports. And residents object that
  • First gold poured at Lancaster County mine

    Almost 200 years after Haile Gold Mine first produced gold in South Carolina, OceanaGold Corp. is pouring its first gold bar at the reopened mine.Mick Wilkes, CEO of OceanaGold (TSX: OGC), says that is a significant feat for the Kershaw area and Lancaster County.“This achievement marks the first gold production from the Haile Gold Mine in 25 years, and nearly 190 years since gold was first produced there,” he says.The first gold for Haile is an impure “doré” bar, m
  • Boeing's Dreamliner workers in South Carolina head toward union vote for second time in two years

    Machinists and other workers at Boeing's 787 Dreamliner facilities in South Carolina appear set to hold a vote on whether to join the International Association of Machinists in the next few weeks..The IAM said in a news release Thursday it will hold a news conference Friday morning, where IAM leaders will make what they called a "major announcement about the ongoing organizing campaign to secure collective bargaining rights for workers at Boeing’s North Charleston operation."The IAM said o
  • ​CBJ Morning Buzz: Charlotte Law firings; Scenes in D.C.; Wells Fargo taps local ethics chief

    Today’s top local stories:Turmoil continues for Charlotte School of Law, with a report from The Charlotte Observer yesterday indicating the troubled institution has fired up to two-thirds of its staff as it faces a drop in enrollment and ongoing financial trouble. Meanwhile, a separate report from WFAE-FM describes the for-profit school's practice, dating to 2014, of paying students to delay taking the bar exam.In other local news, a recent Davidson College graduate who recounted his role
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  • Gov. Cooper taps leadership for N.C. natural and cultural resources

    Susi Hamilton of Wilmington has been named secretary of the Department of Natural and Cultural Resources, Gov. Roy Cooper announced Thursday.Hamilton is a state legislator who graduated from the University of North Carolina at Chapel Hill and earned her Masters in Public Administration from UNC-Wilmington."Susi Hamilton has a strong appreciation for North Carolina’s natural and cultural heritage and a deep commitment to serving our state,” Cooper said. "She shares my belief that our
  • 300 South Tryon lands design tenant

    A designer and furniture manufacturer has inked a deal to take space at an uptown Charlotte project delivering later this year.Knoll Inc. (NYSE: KNL) is taking 4,000 square feet on the fourth floor of 300 South Tryon, a 630,000-square-foot office tower under construction in uptown, according to Spectrum Properties, which is developing and leasing the building.Headquartered in East Greenville, Pa., Knoll works with designers to produce office systems, seating, files and storage, tables and desks,
  • 9 keys to developing an effective risk-management strategy

    In a competitive business environment, all organizations must implement processes to manage risk effectively to achieve business and strategic objectives. Unfortunately, many organizations do not fully understand the risks they have assumed and whether they are monitored, managed and aligned with their risk tolerance.While regulatory requirements and management priority historically drove risk management investments, you now must consider additional pressures such as protection of market value,&
  • Lowe’s to cut 2,400 jobs in efficiency push

    Lowe’s Cos. Inc. (NYSE: LOW) told employees Tuesday that it’s cutting 2,400 employees from its 285,000-employee workforce.Last week, CNBC reported that Lowe’s would cut almost 1% of its staff.The timing of the layoffs at the Mooresville-based company wasn’t clear on Tuesday.In an emailed note to employees, CEO Robert Niblock says:“The changes will better align store staffing with customer demand, shift resources from back-of-the-store activities to customer-facing o
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  • 3D Systems stock shoots up on rumor of buyout

    Shares in Rock Hill-based 3D Systems Corp. took a ride on the rumor mill last week when one report said General Electric Co could buy the company.3D Systems (NYSE: DDD) stock shot up 26% to $16.73 a share last Monday before settling back to a 20% increase on Tuesday.The company didn’t immediately respond to requests for comment for this blog.The GE (NYSE: GE) rumor followed two 3D metal-printing company purchases in 2016 and comments from the conglomerate that it hopes to produce $1 billio
  • These 12 Charlotte projects selected as Knight Cities Challenge finalists, vying for $5M in prize money

    Two projects proposed by Charlotte Center City Partners for spurring economic development and vibrancy along the light-rail line as well kindling neighborhood engagement through pop-up mobile performance stages are among 144 national finalists that will compete for $5 million in shared cash prizes as part of the third annual Knight Cities Challenge.The challenge began in the fall of 2014 as an effort by the Knight Foundation to find innovative ideas that will make cities more vibrant places to&h
  • Robotics company sues Sealed Air over work on floor scrubber

    An Italian robotics company is suing Sealed Air and its soon-to-be-independent subsidiary Diversey Care for almost $8 million, claiming breach of contract in a deal to develop robotic controls for an automated floor cleaner.At issue is more than $380,000 MB&A Robotways says Sealed Air and Diversey owe it for developing a prototype of a robot-controlled floor scrubber and drier. Robotways also contends it has suffered almost $7.55 million in damages when the Charlotte-based companies breached
  • East Carolina-App State football match-up headed to Charlotte

    Charlotte and Bank of America Stadium added another Labor Day weekend college football game to their calendar on Tuesday as Appalachian State and East Carolina confirmed a match-up in 2021. The season opener for both schools falls into the rent-free stadium dates provided by the NFL Carolina Panthers to the city in exchange for $75 million worth of taxpayer-funded renovations.The Charlotte Sports Foundation, a local nonprofit, organized the App State-ECU game here. It will be played on Sept. 4&h
  • UNC Charlotte economist on 'the 2% problem,' Donald Trump and what's next

    Coming out of the last economic recession, real GDP growth in the U.S. has averaged 2% annually — and while growth is expected to continue in the near term, the rate of growth isn't forecasted to tick upward to 3%.That was a key takeaway from a presentation by John Connaughton, director of the Barings/UNC Charlotte Economic Forecast, at CoreNet Global Carolinas' economic outlook event on Tuesday."The two sources of economic growth are productivity growth and labor force growth," he said. "
  • Charlotte-area boat dealer sells to MarineMax of Florida

    Hall Marine Group, which is based in the Lake Wylie community and owns two Charlotte-area boat dealerships, has been sold to the largest U.S. recreational boat and yacht dealer.MarineMax Inc. (NYSE: HZO), based in Clearwater, Fla., didn’t disclosed the value of the deal. That company has 56 retail boat shops.Two principals at Hall Marine, Jeff and Rick Hall, get operations posts at MarineMax, and the name for the York County property becomes MarineMax Hall Marine Lake Wylie.MarineMax gets&
  • Angel network pumped $4 million into startups across the Southeast in 2016

    VentureSouth, an angel network that started in Greenville, S.C., and has since expanded into the Charlotte market, invested more than $4 million in startups across the Southeast in 2016, a figure that's up 15% from 2015.The network invested in 15 companies in the Carolinas, Georgia, Florida and Tennessee, bringing its total portfolio to more than $20 million invested in 55 companies in the region. The group, previously called The South Carolina Angel Network, also distributed more than $1 millio
  • 250-plus job cuts looming in Rutherford County

    Two recent layoff notices filed with the N.C. Department of Commerce will put more than 250 employees in Rutherford County out of work in the coming weeks.North Canton, Ohio-based Ameridial Inc. is laying off about 160 employees at its call center in Spindale after losing a major account the company serviced at that facility in Rutherford County. Notified of the business loss last week, employees are expected to be laid off by March 31 and will not receive job offers at any other Ameridial facil
  • Vivian Howard Makes a North Carolina Classic

    The TV chef, who calls herself a “storyteller who cooks,” demonstrates how to make a fish stew.
  • Vivian Howard, a TV Chef, Offers Hope for Her Rural Hometown

    The host of ‘A Chef’s Life’ had turned her back on her native corner of North Carolina. Then she returned to help celebrate and revive it.
  • Gov. Roy Cooper announces pick for Secretary of NC DHHS

    Gov. Roy Cooper has selected Dr. Mandy Cohen for his nominee as Secretary of the N.C. Department of Health and Human Services.Cohen most recently served as chief operating officer and chief of staff for the Centers for Medicare and Medicaid Services (CMS)."I'm thrilled to welcome Dr. Cohen to our team," said Cooper in prepared remarks. "Her background as a doctor and common-sense problem solver make her the right person for the job at the right time."Prior to joining CMS in 2010, Cohen held&hell
  • Lessons learned from Great Recession has aided commercial real estate success, say panelists

    The success of the current development cycle in Charlotte and other markets in the U.S. has been, in large part, a result of lessons learned from the Great Recession.In real estate specifically, key takeaways from the downturn have impacted how new development gets off the ground — it has created challenges but that discipline is overall a good thing, said panelists at a real estate event hosted by Katten Muchin Rosenman and GreerWalker on Thursday at The Ritz-Carlton.“As a bank in t
  • Lake Norman mansion sells for $3.3M, tops priciest local home sales in December (PHOTOS)

    A Lake Norman mansion that hit the market over the summer topped Mecklenburg County's residential real estate charts in December, selling for $3.3 million just before the end of 2016.The 9,900-square-foot lakefront property on the 19100 block of Peninsula Point Drive in Cornelius, which includes five bedrooms, six full bathrooms and two-half bathrooms, was put on the market for $3.75 million last June. It sold 12% lower than the original listing price.When C BJ wrote last fall about a brokerage&
  • Transit-oriented projects, Riverbend Village on deck for zoning meeting

    A number of high-profile projects will be voted on or discussed at January's City Council zoning meeting.To be held on Tuesday instead of Monday because of Martin Luther King Jr. Day, petitions such as Riverbend Village, the future home of Corning Optical Communications, and projects along the Lynx Blue Line extension opening this summer will be voted on. A slew of other petitions, including several multifamily projects, will be talked about in the public hearing portion.The meeting begins at&he
  • Wells Fargo outlines details for new compensation program in retail bank

    Wells Fargo & Co. (NYSE: WFC) revealed more details about its new compensation plan for employees in the retail bank Friday.The San Francisco-based bank has previously said it was working on a program for paying and incentivizing retail bankers, but executives outlined what that plan looks like during the company's fourth-quarter earnings call Friday.The new compensation plan comes after it was revealed that Wells Fargo employees opened up to 2 million unauthorized accounts to meet sales goa
  • Carolina Panthers' TV numbers thrown for a loss

    From first to worst in the NFC South didn’t just keep the Carolina Panthers out of the playoffs this month, it also contributed to a 21% drop in TV interest. A year ago, Carolina and NFL MVP Cam Newton marched through the playoffs to the Super Bowl. This January, Panthers coaches and players are well into their off-season routines after finishing 6-10.This season, an average of 430,000 people watched each of the 16 regular season games on TV in the Charlotte viewing area, according to figu
  • Wells Fargo misses expectations on Q4 earnings, CEO emphasizes rebuilding trust

    Wells Fargo & Co. missed analyst expectations Friday when it posted fourth-quarter net income of $5.3 billion, or 96 cents per share. Analysts had expected the San Francisco-based bank to earn $1 per share.That’s compared to $5.6 billion, or $1.00 per share, for fourth quarter 2015. In the third quarter, Wells Fargo (NYSE: WFC) earned $5.6 billion, or $1.03 per share.The bank attributed the lower income figure in the most recent quarter to a $592 million impact from net hedge accountin
  • ​CBJ Morning Buzz: Earnings day for BofA, Wells; Local 'Top Chef' contestant out; Eatery opening uptown

    Today’s top local stories:It's earnings day for both of Charlotte's big banks. CBJ reporter Hilary Burns has an initial write-up on BofA's results here and a report on Wells Fargo's quarter here. Look for more to come as executives from both banks host conference calls to discuss the fourth quarter.In other local news, Jamie Lynch, the local culinary star who's been featured on "Top Chef" this season was eliminated from the contest after an unusual turn of events, reports The Charlotte Obs
  • How N.C. universities rank on list of best online MBA programs

    Duke University, N.C. State University and UNC Chapel Hill offer some of the nation’s best online degree programs at the graduate level, according to U.S. News & World Report’s 2017 Best Online Programs Rankings.UNC clocked in at No. 4 for its online MBA program, as well as No. 22 for its online Master of Accounting program under non-MBA graduate business programs.“We’re proud of the success of our online MBA and MAC programs, which increase access to a world-class ed
  • Bank of America posts Q4 earnings, beats analyst expectations on net income

    Bank of America Corp. (NYSE: BAC) beat analyst expectations again Friday when it reported its fourth-quarter earnings.The Charlotte-based bank reported net income of $4.7 billion, or 40 cents per share. Analysts predicted BofA would earn 38 cents per share for the quarter. BofA also beat expectations when it reported third-quarter results of $5 billion, or 41 cents per share, in net income.The bank increased revenue by 2% to $20 billion in the fourth quarter. BofA's consumer bank saw loans incre
  • Forget a Wall. There’s a Better Way to Secure the Border.

    Physical barriers won’t do the job, but recent agreements allowing armed U.S. customs agents to screen travelers and cargo in Canada and Mexico will.
  • Duke Energy Florida plans third solar farm

    Duke Energy plans to build an 8.8 megawatt solar farm in Suwannee County, Florida.It will be Duke Energy Florida’s third solar project, and it brings the utility to 17.8 megawatts of solar capacity in the state. That does not count the six megawatt Stanton Solar in Orange County, which is operated by Duke commercial subsidiary Duke Energy Renewables. That power is sold to Orlando Utilities, and is not used by Duke Florida.It also does not include the 5-megawatt Disney Solar project, Which
  • Another financial services company signs on at Capitol Towers

    The South Tower at Lincoln Harris' Capitol Towers project in SouthPark will receive another financial-services tenant this spring.The local office of MassMutual Carolinas has signed on for 17,000 square feet on the third floor of Capitol Towers. The mutual life insurance company has an existing office in that area of Charlotte, at SouthPark Towers.Campbell Walker and Ridr Knowlton at Lincoln Harris represented the landlord in the transaction. Tom O'Brien with Savills Studley represented the tena
  • Carolinas HealthCare shakes up management team with new position

    Carolinas HealthCare System CEO Gene Woods will reintroduce the chief operating officer position to his leadership team next month.Ken Haynes will join the Charlotte health-care system as executive vice president and COO on Feb. 13.“To position CHS for future success, it’s essential that we continue to align talent with our new strategy,” Woods writes in an email to employees.The health-care system eliminated the COO position in a management shakeup in April 2015.Woods took the
  • Have, have-nots discussion makes its way to economic forecasting in Charlotte region

    Finally, the economists and academics are addressing two of North Carolina’s pressing problems: the urban-rural divide and social mobility.The subjects changed the usual conversations during a panel discussion on economic forecasting Wednesday morning at an event presented by the Charlotte Regional Partnership.Sure the economists predicted continued slow recovery from the Great Recession during the event, held at UNC-Charlotte’s Center City building.But Jeff Michael, director of UNC
  • Why this entrepreneur decided to open LOOM Coworking in the suburbs (PHOTOS)

    Jennifer Belk believes the suburbs need co-working spaces, too. Belk, the co-founder, director and programming coordinator of LOOM Coworking, Gallery and Event Space in Fort Mill, noticed many of her neighbors and friends were also working from home while she was working on a book for a year.Her neighbors and friends weren’t all entrepreneurs — some were freelancers, consultants or remote workers for large companies — but they all needed space to work, and many of them missed b
  • HFF appoints new director in Carolinas office

    The local office of Holliday Fenoglio Fowler L.P. has appointed a new director to head up debt placement and structured-finance transactions.HFF Carolinas has hired Roger Edwards, who has more than 16 years of commercial real estate finance experience, according to the company. At HFF, he will work on transactions throughout the Carolinas, Southeast and Mid-Atlantic regions.Edwards joins HFF from CBRE Capital Markets Inc., where he was a first vice president, leading its debt and structured-fina
  • What You Get for ... About $700,000

    An 18th-century farmhouse in Glen Mills, Pa., and midcentury moderns in Chapel Hill, N.C., and on Siesta Key, off Sarasota, Fla.
  • $700,000 Homes in Pennsylvania, North Carolina and Florida

    An 18th-century farmhouse in Glen Mills, Pa., and midcentury moderns in Chapel Hill, N.C., and Sarasota, Fla.
  • ​CBJ Morning Buzz: Charlotte Law update; Grocer closing on east side; Bojangles' debuts new look

    Today’s top local stories:More signs of trouble for Charlotte School of Law are explored in an article published yesterday by The Charlotte Observer, which has confirmed the for-profit school has been in talks with the U.S. Department of Education about a program typically reserved for schools that are shutting down. However, the department did not respond to the daily newspaper's questions about Charlotte Law's future, nor did school leadership. The latest revelation comes after news that
  • Starbucks, two more tenants sign on at Waverly

    Three new tenants have joined the retail roster at Waverly, a 90-acre, mixed-use development taking shape in south Charlotte.Starbucks (NASDAQ: SBUX) and women's retailer Mainstream Boutique are expected to open this spring, followed by mobile sales and repair shop Source1Phones in the summer, according to a news release.The tenants join more than 30 other retail stores and restaurants already lined up for Waverly, which is under construction near the intersection of Providence and Ardrey Kell&h
  • Local nonprofit CEO to retire after 40 years

    Michael Elder will retire from his role as CEO and president of Goodwill Industries of the Southern Piedmont, effective June 30, the nonprofit organization announced Tuesday.Elder has been at the helm of the Charlotte Goodwill organization for 40 years, overseeing its growth from 61 employees when he came on board in 1976 to nearly 800 now. Also during his tenure, the nonprofit's area of service has grown from two counties — Mecklenburg and Gaston — to eight counties in North and Sou
  • Report: The 10 fastest-growing N.C. jobs in 2017

    Which jobs are growing at the fastest rate in North Carolina this year?A new report by job-search website Zippia looks at the most recent projections on job growth by occupation made by the Bureau of Labor Statistics, along with data from individual state labor departments. Only occupations that are projected to have at least 1,000 workers by 2024 were considered.LIST: Is landing a new job a New Year's resolution? Here's who's hiring in the Charlotte areaIn North Carolina, half of the top 10&hel
  • Supreme Court Blocks Special Elections in North Carolina

    Justices blocked a ruling by a trial court, which had ordered special elections after deciding that the state’s legislative map had been tainted by racial gerrymandering.
  • ​6 reasons you should hire more introverts

    In-person interviews carry a lot of weight in the hiring process. They help determine if a candidate is a good fit for the position and are often one of the final steps before the offer letter.But sometimes, in-person interviews can favor extroverts who are enthusiastic and outwardly confident, while introverts, sometimes perceived as being shy, anti-social or reserved, can be overlooked.Here are six likely qualities introverts possess that can strengthen your team and help your company achieve&
  • Discovery Place seeking $1M from city for master plan

    Discovery Place got a dramatic facelift to its exhibits in 2010. Now the uptown science museum hopes to take a more comprehensive approach by looking at the inside and outside of its main campus as part of a two-year master plan.On Monday night, City Council will hear a presentation from Discovery Place executive Catherine Horne about the museum and its need for a study estimated to cost in the range of $1 million. Council will vote on whether to fund the proposed study on Jan. 23.Debra Smul,&he

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