Tagged: Business

Cleveland County defense contractor, Ultra Machines and Fabrication, will lay off as many as 100 employees in May due to cuts in federal contracts. It could be the first in a rising wave of job losses related to the sequester.

In the last three years, Ultra’s received $46 million in federal contracts—what that business, and most defense contractors rely on. But as the sequester and other federal budget cuts kick in, those contracts are drying up.

These days, it's not that often that employees work for the same company for most if not all of their careers. Thursday night, US Airways celebrated employees who have done just that.

"Agnostic" is how one US Airways executive described the company's stance on whether the Charlotte airport should be overseen by the city or placed in the hands of a regional authority.  US Airways CEO Doug Parker carried that same tune while in town Thursday, but also made it clear the airline doesn't want a backseat entirely. 

On Thursday, US Airways CEO Doug Parker paid his first visit to Charlotte since the company announced plans to merge with American Airlines.