Business Journal News

Charlotte Business News - Local Charlotte News | Charlotte Business Journal
View Breaking Local News Headlines in Charlotte from the Charlotte Business Journal. Access business resources, company profiles, business advice columns, local jobs and more.

Power companies extend agreement to keep work going on troubled V.C. Summer n...
SCANA Corp. and Santee Cooper dodged a deadline issue at their V.C. Summer nuclear plant expansion Friday, negotiating an extended interim agreement with contractor Westinghouse Electric Co. to allow work to continue on the site. SCANA, the majority owner of the Summer project, and South Carolina’s state-owned utility Santee Cooper are assessing whether it wants to take control of the project from financially troubled Westinghouse or if they should abandon the project. The extension should allow…

BofA survey shows jump in confidence from small-business owners
A new gauge of confidence among small-business owners shows a sharp uptick over the past six months. Bank of America Corp. (NYSE:BAC) recently surveyed 1,000 small-business owners across the nation, finding that confidence in the local, national and global economy rose to its highest level since fall 2015. The Charlotte-based bank conducts such small-business surveys twice a year. In BofA's Spring 2017 Small Business Owner Report, 50% of small-business owners expressed confidence that the local…

Flick picks: ‘The Circle’ draws Silicon Valley as a simplistic dystopian nigh...
The movie adaptation of Dave Eggers’ 2013 novel “The Circle” is disturbingly current three-and-a-half years later, depicting a world in which the titular company has consolidated users’ lives, online and off, onto one platform called TruYou. At a time when political discourse, led by our Tweeter in Chief, largely takes place on social media, and everything from live births to violent deaths has been broadcast on Facebook Live, the completely connected and transparent society envisioned by…

How Trump tariffs on Canadian timber could impact North Carolina
The lumber industry in North Carolina, a state with a rich canopy of forests stretching from the coast to the mountains, is watching closely as the Trump administration imposes tariffs on Canadian softwood lumber products. The U.S. Commerce Department announced the tariffs Monday in a move that continued the Trump administration’s America-first policies. The decision was denounced by Canada and by the U.S. National Association of Home Builders, which said the move would lead to higher home prices. Pryor…

Two Charlotte entrepreneurs get top N.C. SBA honors
Two Charlotte business persons have been awarded a couple of the top honors from the state office of the U.S. Small Business Administration. Michelle Coffino, CEO of Queen City Metal Recycling & Salvage in Charlotte, is the 2017 N.C. Small Business Person of the Year. Dan Gotte, CFO at Technology Partners Inc. of Charlotte, is N.C. SBA’s Financial Services Advocate of the Year. Each will receive their awards May 4 at the 2017 Small Business Week Luncheon in Raleigh. Coffino’s Queen City Metal…

Time, money and taxes weigh on troubled SCANA nuclear project
SCANA Corp.’s 30-day agreement with Westinghouse Electric Co. that allows work to continue at the $16 billion V.C. Summer nuclear project expires today. But SCANA executives say they are confident that they can get a 60-day extension before time runs out. Meanwhile, work at the site continues to go more slowly than expected, adding to the chronic delays that have driven up the project’s price tag. And SCANA (NYSE:SCG) says it is watching efforts in Congress to extend production tax credits for…

​CBJ Morning Buzz: Panthers' draft pick; Bojangles' expansion; Plans for toll...
In local news: The 2017 NFL Draft is officially underway, with teams selecting their first-round picks last night. The Carolina Panthers chose Christian McCaffrey with the eighth overall selection— and the team's website is already stocked with details about the 20-year-old running back from Stanford. ESPN has a report here on what about the versatile McCaffrey, son of Denver Broncos wide receiver Ed McCaffrey, stood out to Dave Gettleman, Carolina's general manager. The draft continues this evening,…

Funding talks resume between MLS bid group, city leaders
There may yet be some life in a request for city taxpayer money as part of a local bid to land a Major League Soccer franchise. This week, Marcus Smith, the Speedway Motorsports CEO leading the Charlotte expansion bid, told CBJ that the group has begun informal talks with city government about the idea — an idea quashed by the mayor and City Council in January. “The county has really set the table for what would really be a landmark opportunity for Charlotte,” Smith told me. “I think, understandably,…

THE LIST: These are Charlotte's largest physician groups
This week’s Charlotte Business Journal lists the area’s largest physician groups, ranked by number of active staff physicians. Carolinas HealthCare System Medical Group tops The List again this year with 1,588 physicians. The group had 5.1 million patient visits in 2016, up from 5 million in 2015. Novant Health Medical Group is No. 2 on The List with 625 physicians. The group had 1.8 million patient visits in 2016. CLOSER LOOK: Physicians in Charlotte earn top dollar — if they're men, new…

Avangrid CEO: Offshore wind farm coming to North Carolina 'well beyond 2020'
Top execs at wind farm developer Avangrid Renewables say North Carolina holds major “potential” in the coming decade when it comes to wind energy. The comments come a month after Avangrid’s successful $9.1 million bid for the leasing rights on a 122,405-acre tranche off the coast of North Carolina’s Kitty Hawk — what could one day be the state’s first offshore wind farm. Avangrid CEO James Torgerson reiterates that turbines won’t start spinning in the Atlantic any time soon, however.…

Charlotte Observer Business News

Business News | &
The Charlotte Observer newspaper and in Charlotte, NC bring you Business news stories and articles.

Davidson College hopes remaking an old mill can bring “Startup Alley” to Lake...
Davidson College said this week that it’s planning to turn a former mill into a new center for entrepreneurship and innovation for the Lake Norman area. Called The Hub@Davidson, the … Click to Continue »

3,000 jobs could be cut as regulators approve the sale of Charlotte discount ...
It looks like more employees than originally thought could lose their jobs as federal regulators approve Dollar General’s purchase of hundreds of stores operated by Dollar Express, the Charlotte-based chain … Click to Continue »

Two office buildings sold in Charlotte for more than $68 million
A pair of office buildings in Charlotte have been sold for a total of more than $68 million, according to property records and brokers in the deals. ▪ The Rotunda Building … Click to Continue »

Charlotte retirement community preparing to break ground on $70 million expan...
Aldersgate, an east Charlotte retirement community, is planning to break ground Friday, May 5, on the final phase of its $70 million expansion project. Located at a 231-acre campus on … Click to Continue »

After years of delays, NC officials fire contractor on hospital project
State officials have fired the contractor hired to build a state psychiatric hospital that is two years late and years away from completion. The company that insured the $129 million … Click to Continue »

Smaller banks keep buying each other – and a Charlotte name is going away
Charlotte’s Park Sterling Bank said it plans to merge with South State Corp. of Columbia, S.C. – a deal expected to result in Park Sterling branches switching to the South … Click to Continue »

Here’s how you can still buy tickets to the sold-out PGA Championship in Char...
The PGA Championship in Charlotte is already sold out, but as of Thursday, golf fans again have the chance to buy tickets. The PGA of America and PrimeSport have launched … Click to Continue »

Winners announced in 2016 Kentucky AP Broadcasters Contest
Winners in the Kentucky Associated Press Broadcasters competition recognizing the best in television and radio journalism in 2016 were announced Saturday. The awards were announced in Lexington for both professional … Click to Continue »

Philippines goes easy on China in final ASEAN statement
The Philippines followed up a summit of Southeast Asian leaders by releasing a final communique Sunday that removed mention of international concerns over China's "militarization" of newly built islands in … Click to Continue »

Albany redemption center sees surge of containers
Albany's BottleDrop Oregon Redemption Center has been bustling since April 1, when Oregon's deposit on cans and bottles doubled to 10 cents. The local facility received roughly 400,000 to 450,000 … Click to Continue »

At 100 days in, Trump seems both outsider and insider
President Donald Trump is turning from his dramatic debut as an outsider president to advancing his plans to cut taxes and get tough on trade deals. "We are not going … Click to Continue »

Nearly 50 people taken to hospitals after Texas tornado
Nearly 50 people were taken to hospitals after a tornado hit a small city in East Texas on Saturday, including one with critical injuries. Powerful storms swept through Canton and … Click to Continue »

At 100 days in, Trump rallies backers in PA, claims 'change'
President Donald Trump on Saturday marked his 100th day in office by claiming historic action on his agenda, renewing promises on health care and taxes and attacking the news media … Click to Continue »

Schumer pushes to preserve tax deductions for middle class
U.S. Senate Minority Leader Charles Schumer has vowed to fight President Donald Trump's tax plan. Schumer says the plan would strike a critical blow to New York's middle-class homeowners and … Click to Continue »

Hacker claims release of stolen copies of Netflix series
A hacker claims to have followed through on a threat to release several episodes from the upcoming season of Netflix's hit series "Orange Is The New Black." The hacker, who … Click to Continue »

Hartford May Day rally supports immigrants
Politicians and Connecticut residents have joined together at a May Day rally in Hartford to support immigrants. Hundreds of people attended Saturday's "Here to Stay" immigrants' rights rally. It was … Click to Continue »