Carolina Place mall owner General Growth Properties Inc. has received proposals to receive $3.9 billion from two investment firms. The company hopes a capital infusion will help speed its exit from Chapter 11 bankruptcy protection. (GGP) (SPG)
Carolinas HealthCare System netted nearly $470 million for 2009, improving on a loss of more than $551 million the previous year.
BB&T Corp.’s profit plunged 42 percent in 2009, but its top executive’s total compensation rose by $1 million. (BBT) (WFC) (BAC)
Hanesbrands Inc. has sold two industrial buildings in Kings Mountain to a Pennsylvania real estate company as part of a sales-leaseback deal. (HBI)
Textron Financial Corp. has filed a lawsuit against the Firethorne Country Club near Marvin, the Union County town five miles south of Ballantyne.
Maxon Furniture Inc. will close its plant in Salisbury, permanently cutting 132 jobs.
Sonic Automotive Inc. will launch a private offering of up to $210 million in senior subordinated notes. (SAH)
The two office towers at Piedmont Town Center in Charlotte’s SouthPark area have earned Leadership in Energy and Environmental Design gold certification from the U.S. Green Building Council. (PNY)
Workers distracted by March Madness could cost employers as much as $1.8 billion in unproductive wages during the first week of the NCAA Men’s Basketball Tournament, according to Chicago-based outplacement agency Challenger, Gray & Christmas Inc.
Nexxus Lighting Inc. has begun production and shipping of its Array Quantum LED light bulb. (NEXS)
North Carolina's teachers and state employees can expect another year without a pay raise.Gov. Bev Perdue said that, while salaries will remain flat in the coming budget year, she aims to pay back the 1/2-percent pay cut that state workers and teachers received last year in the form of a two-day furlough."There is no money for teacher or state employee raises," Perdue said in a recent interview. " ...
Bank of America is dropping one of the banking industry's most-criticized fees.No longer will customers be charged an overdraft fee when they use their debit card and don't have enough money in their accounts. Instead, the transaction will be denied, unless the customer has signed up for an overdraft protection service that links their card to a savings account or credit card.The Charlotte bank is ...
The Charlotte 49ers once were a good basketball team. But once was a long time ago. They haven't been good for more than a month, and they saved their worst for last.The 49ers played Massachusetts Tuesday in the first round of the Atlantic 10 tournament. Who is Massachusetts? It's a team that had lost four of five and 12 of 16 and had not won an A-10 tournament game since 2002.It didn't matter. La ...
It sounded so good in January when NASCAR told its drivers: "Boys, have at it."Go do it like it used to be done. Police yourselves. Have some fun out there.That was the message delivered by NASCAR, both to its drivers and to its fans. Concerned about stale TV ratings and complaints that the racing just wasn't as cool as it used to be, NASCAR promised to loosen its iron grip.It doesn't sound very g ...
Less than a year after earning his second national championship and publishing his autobiography "Hard Work," North Carolina coach Roy Williams is stunned, angry and saddened that he's still trying to figure out how to make this season's team work hard."The most significant thing to me is that I haven't been able to find the right answers to a lot of things as a coach," Williams said last week, si ...
The Charlotte 49ers once were a good basketball team. But once was a long time ago. They haven't been good for more than a month, and they saved their worst for last.The 49ers played Massachusetts Tuesday in the first round of the Atlantic 10 tournament. Who is Massachusetts? It's a team that had lost four of five and 12 of 16 and had not won an A-10 tournament game since 2002.It didn't matter. La ...
Clemson football coach Dabo Swinney found out Tuesday what a championship season can bring.He got a one-year contract extension and a raise of $900,000 after leading the Tigers to the ACC championship game in 2009. Swinney will earn $1.75million next year - more than double what he made a year ago and almost nine times his pay as an assistant.The Tigers went 9-5 last season, losing the ACC title g ...
Stephen Strasburg battled nerves and location issues during his ballyhooed spring training debut, but he was impressive.Strasburg pitched two scoreless innings in the Washington Nationals' 9-4 loss to the Detroit Tigers on Tuesday. Strasburg threw 15 of his 27 pitches for strikes and allowed two hits."I just wanted to go out there and throw strikes," he said. "If they hit it, they hit it."Strasbur ...
Apparently there is time travel in Halton Arena. Massachusetts' Ricky Harris went to the line for a one-and-one free throw opportunity with 38 seconds left in the first half. He missed the second and in the battle for the rebound, the ball rolled out of bounds with 32 seconds left. Charlotte got possession but as point guard DiJuan Harris crossed half-court, one of the referees said the shot cloc ...
The restoration project Ben Crenshaw and Bill Coore have taken on at Pinehurst No. 2 is intended to be gentle yet significant and enhance the seemingly timeless charm and challenge of the famous layout.It will not make No. 2 something new. The goal, in fact, is to make it what it was when Donald Ross lived off the third green and refined what is considered his design masterpiece."It's like a work ...
EDITOR'S NOTE: Second in a series on what happened after college to players from the eight original ACC basketball schools.Any talk of great shooters in ACC history should always include Brian Magid, a little-used guard who wowed fans around the league with his deadeye accuracy from long range... usually in pregame warm-ups.Magid averaged only 3.7 points in the 46 games he played for Maryland unde ...
Maryland swept the ACC's top individual honors Tuesday."Four years of working so hard, just getting the award - unbelievable," Greivis Vasquez said Tuesday after being named the player of the year. "It means the world to me."Vasquez, who averaged 19.6 points and helped Maryland tie for the regular-season title, was an overwhelming choice by 53 voting members of the Atlantic Coast Sports Media Asso ...
Asked pre-game Tuesday whether he's committed long-term to coaching the Charlotte Bobcats, Larry Brown leaned on a familiar refrain:"It's up to Michael," Brown said, referring to managing partner Michael Jordan.Brown has expressed elation over Jordan's decision to buy controlling interest in the Bobcats. Jordan hired Brown, and Brown has repeatedly said Jordan's presence was the single reason he ...
BOBCATS AT 76ERS7 p.m., Wachovia CenterTV: SportSouth* Radio: WFNZ-AM 610Projected Starters Bobcats76ersPosPlayerRebPtsPosPlayerRebPtsGR. Felton3.511.9GJ. Holiday2.16.5GS. Jackson4.920.7GL. Williams3.115.1FG. Wallace10.518.5FA. Iguodala6.717.1FB. Diaw5.110.9FE. Brand6.513.9CT. Ratliff2.42.7CS. Dalembert9.57.6* Not available on all cable systems.Matchup to WatchAndre Iguodala vs. Gerald Walla ...
BASEBALL ALBEMARLE 6, SOUTH DAVIDSON 5
S. Davidson
000
110
3
–
5
3
4
Albemarle
200
003
1
...
(By Amber Veverka, Special to the Observer) By putting on a play, creating sculpture and making music this month, a group of Charlotte teenagers is raising money for special-needs kids. But the teens are learning about more than fundraising; they're learning about friendship.Members of Playing For Others, a local nonprofit that each year gives money from its performances to an agency helping kids ...
(By Cristina Bolling, cbolling@charlotteobserver.com)
(By Shari Roan, Los Angeles Times) After spending most of her 48 years trying, and failing, to slim down, Veronica Mahaffey was still 50 pounds overweight - not morbidly obese by a long shot, but still far from the size she wanted.Worried about her health, she called a San Diego weight-loss surgery clinic last spring and asked for help.
(By Kathleen Purvis, kpurvis@charlotteobserver.com) I didn't know it would be a mixed marriage.After all, we agree on most things. Same senses of humor, taste in music, politics.
(By Karen Sullivan, ksullivan@charlotteobserver.com) Opening day at the 50th annual Southern Spring Home & Garden Show was awash with nursery plants, patio displays and other goods for house and veggie patch.In this realm of lavish, other-worldly room and garden displays, you can't help but notice the simplicity of Booth 3221 in Independence Hall.
(By Kathleen Purvis, kpurvis@charlotteobserver.com)
(By Jethro Nededog, Zap2it.com) Is Oprah Winfrey a closet hoarder?It seems like she is and she has enlisted some help from O Magazine's creative director Adam Glassman to help clean out her closet in the current issue of O Magazine. Her loss is your gain, though.
(By Pam Kelley, Reading Life Editor) Schools are segregated, water fountains are labeled by race and James Meredith is integrating Ole Miss.If you didn't live it, the world of Kathryn Stockett's "The Help," set in 1960s Mississippi, is the stuff of history books.
(By Roland Wilkerson, rwilkerson@charlotteobserver.com)
(By David Perlmutt, dperlmutt@charlotteobserver.com) Growing up in segregation, Betty Houchins Lundy never encountered much trouble.She's a light-skinned African-American and as a girl of 10 used restrooms or drank from water fountains reserved for whites in her native Virginia. She rarely sat in the balcony of movie theaters where blacks were relegated.
