Charlotte Business

Local News
5:29 pm
Fri May 9, 2014

Chiquita Blames Higher Costs, Weather For $25 Million First-Quarter Loss

Credit Jeremy Brooks https://creativecommons.org/licenses/by-nc/2.0/

Chiquita Brands International Friday reported a loss of $25 million in the first quarter, blaming increasing costs and extreme weather. But, the Charlotte-based company says it’s still on track to meet its 2014 goals.


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Local News
2:58 pm
Fri March 21, 2014

$51 Million For Bojangles Coliseum? A Talking Document Tells Us Why

Bojangles Coliseum
Credit James Willamor

A request for $51 million of city money to rehab the Bojangles Coliseum was a bit surprising. The city has already approved $25 million to renovate the site. This new proposal is still just that, a proposal. But it left us wondering just what this additional money would be used for.  So we turned to a real person and a talking document to find out.    


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Business
9:58 pm
Fri December 20, 2013

Electrolux Announces 810 New Jobs, $85M Investment In Charlotte

Jack Truong, CEO of Electrolux Major Appliances North America, announced the company will add 810 jobs by 2017.
Credit Tasnim Shamma

Appliance Maker Electrolux announced it will add more than 800 jobs with the expansion of their U.S. corporate headquarters in Charlotte. Electrolux says it will also invest more than $85 million toward construction costs for the expansion.


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Business
9:32 pm
Mon July 1, 2013

UTC Aerospace Systems Celebrates New Charlotte HQ

UTC Aerospace System's new world headquarters in West Charlotte.
Tasnim Shamma

One of the largest aerospace systems providers in the world opened its headquarters in West Charlotte Friday. UTC Aerospace Systems designs and manufactures products like propellers and engines and was founded last year after several mergers and acquisitions. Executives say it expects to add about 50 more jobs in the next five years.

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Business
9:56 am
Thu November 8, 2012

Chiquita Loses $67M In Q3, New CEO Stays The Course

Newly-hired Chiquita CEO Ed Lonergan
Credit Julie Rose

Chiquita Brands International announced a $67 million third-quarter loss Wednesday, but the company's new CEO Ed Lonergan  said that was better than he expected in a year beset with relocation expenses and volatility in European markets.  It was Lonergan's first earnings announcement since being hired last month to replace Fernando Aguirre. 

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