Business

Local News
1:35 pm
Thu March 21, 2013

US Airways CEO Comes To Charlotte To 'Celebrate' Merger

US Airways CEO Doug Parker visited the airline's training facility in Charlotte on Thursday, March 21, 2013 to tout a proposed merger with American Airlines.
Credit Julie Rose

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


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Local News
4:51 pm
Tue March 19, 2013

US Airways, American Merger: A Monopoly Or Not?

US Airways CEO Doug Parker will be in Charlotte this week touting a proposed merger with American Airlines. He'll meet with US Airways employees and members of the Charlotte Chamber of Commerce.

The CEOs of American Airlines and US Airways defended their proposed merger Tuesday before a congressional anti-trust panel. Framing the creation of the world's largest airline as anything other than a monopolistic move requires careful wordsmithing.

To follow the argument from American Airlines CEO Tom Horton, you need to put aside conventional wisdom that having fewer companies in a marketplace leads to anti-competitive behavior.   

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Business
10:08 am
Wed March 13, 2013

Start-Ups Struggle To Find Local Investment

Viddlz founder, Zerrick Bynum, completed the Revtech Labs incubator program in October.
Credit Viddlz.com

When it comes to start-up technology businesses, let’s just say Charlotte is no Silicon Valley. The local start-up scene has made some recent strides, though. Packard Place in Uptown has emerged as a hub for technology entrepreneurs and last year launched RevTech Labs, a program offering space and support for early-stage companies. The first group graduated five months ago, but they’ve struggled to attract local investors—a common complaint of Charlotte start-ups.

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Local News
6:36 pm
Mon March 11, 2013

Concord City Council To Vote On Flight Training Center Incentive

Two Marines use simulation training to practice for situations they are unable to rehearse during regular flights in Havelock, N.C.
Credit flickr/CherryPoint

Concord city council members will vote this week on whether to give a local flight training center a $56,527  tax rebate over three years to expand. FlyRight is a training center located across the street from the Concord Regional Airport. The company plans to invest $5 million to build a second flight simulator. Concord City Manager Brian Hiatt says he hopes this will translate to more business for the airport.

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Local News
2:16 pm
Mon March 11, 2013

City Selects Finalists To Revive Eastland Mall

Charlotte Development and Investment Manager Peter Zeiler (l) gives interested parties a tour of the vacant Eastland Mall in January.
Credit Julie Rose

The City of Charlotte has identified three finalists to breathe life into the now-vacant Eastland Mall and surrounding area.  

The Eastland Mall will not become a doll factory or a multi-generational healthy living community. Those are two of four proposals the city rejected in the first stage of selecting a suitor to remake the 80-acre site on Central Avenue in east Charlotte. But it's still not entirely clear what all three finalists to develop the property have in mind.

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Business
11:49 pm
Sun March 10, 2013

Lots Of Unknowns On Fracking's Future In North Carolina

Hardly a factor a decade ago, shale gas is projected to account for half of total natural gas production in the U.S. by 2040.
Credit U.S. Energy Information Administration

Horizontal drilling and hydraulic fracturing—or fracking—for natural gas in shale rock has radically changed the nation’s energy mix. Since the fracking boom began in 2008, the cost of natural gas has plummeted and supply has surged. The technique is banned in North Carolina, but a bill that passed last year and another currently making its way through the legislature would open the door.

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The Charlotte Observer
1:09 pm
Thu March 7, 2013

MetLife To Bring 2,600 Jobs To Charlotte And Cary

In what’s billed as the biggest jobs announcement in state history, Gov. Pat McCrory Thursday announced the arrival of 2,600 jobs with insurance giant MetLife, with half coming to Charlotte.

MetLife, America’s largest life insurer, would add jobs in Cary and Charlotte. MetLife, America’s largest life insurer, would add jobs in Charlotte and Cary by the end of 2015 in what will be a $125.5 million investment.

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Local News
4:35 pm
Mon March 4, 2013

Areva To Add 130 Jobs, Make Charlotte Its North American HQ

Governor Pat McCrory, Areva CEO Michael Rencheck and Mecklenburg County Commission Chairwoman Pat Cotham celebrate Areva's decision to make Charlotte its North American Headquarters.
Credit Julie Rose

Nuclear company Areva is moving its North American headquarters to the University area in Charlotte, where it already has more than 500 employees. The company plans to add another 130 jobs – mostly in engineering.

Areva CEO Michael Rencheck says Charlotte won out over Bethesda, Maryland and Lynchburg, Virginia.

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Developing
10:53 am
Thu February 14, 2013

How The US Airways Merger Will Affect Charlotte

Early indications are that Charlotte will remain a hub for air travel, with the merger of American Airlines and U.S. Airways.
Credit USAirways.com

  The early indication is that Charlotte’s airport is safe in the just-announced merger of US Airways and American Airlines. The new American Airlines will be the world's largest, with a value of 11 billion dollars and an extensive network of destinations.

When merging, airlines combine operations, which means reducing duplicative routes and changing presences in airports. US Airways operates about 90 percent of flights in and out of Charlotte-Douglas every day—it is the airline’s largest hub.

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Charlotte Talks
12:00 am
Thu February 14, 2013

Charlotte And Global Competitiveness

Credit CPCC

Decision makers around our region want Charlotte to be a leader in global commerce, and many have reason to be encouraged at the progress we've made toward that goal. Trade routes around the world are evolving, including here in our city, in the form of a major intermodal facility at Charlotte-Douglas International Airport. We'll talk about the changes Charlotte could benefit from in a world-wide shift in international trade and how the city's leaders are preparing it, all in advance of a summit at Central Piedmont Community College on the topic, when Charlotte Talks.

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