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Economic News
Here is the latest news about the economy, business and jobs
from the Charlotte
Business Journal.
Family Dollar leads Charlotte-area stocks Fri, 30 Jul 2010
Family Dollar Stores Inc. ended the week on an up note, with its shares gaining value during a lackluster day on Wall Street. (BAC) (WFC) (LOW) (SPW) (LNCE) (DUK) (NUE) (PNY) (TRK) (CATO) (GR)
Caterpillar to build $426M plant in Winston-Salem Fri, 30 Jul 2010
Heavy-equipment maker Caterpillar Inc. will invest $426 million in a new plant in Winston-Salem that will make axle assemblies for large mining machines.
Keith Corp. to develop Becton, Dickinson and Co. facility Fri, 30 Jul 2010
Charlotte commercial real estate firm The Keith Corp. has been selected to develop a 719,812-square-foot distribution facility for Becton, Dickinson and Co. in Four Oaks Business Park in Johnston County.
First Trust posts net loss Fri, 30 Jul 2010
First Trust Bank posted a net loss of $1.5 million, or 32 cents per diluted share, in the second quarter, down from net income of $865,000, or 18 cents per diluted share, for the second quarter of 2009.
Ruddick income up sharply Fri, 30 Jul 2010
Ruddick Corp. reports net income for its third fiscal quarter of $28.9 million, or 59 cents per diluted share, up 75.1 percent from $16.5 million, or 34 cents per diluted share, in last year’s quarter. (RDK)
Sales increase boosts Sonic Automotive results Fri, 30 Jul 2010
Sonic Automotive Inc. reports a 21 percent increase in second-quarter car sales from a year ago, with those gains aiding the company’s bottom line. (SAH)
Wells Fargo, Wachovia merge Texas branches Fri, 30 Jul 2010
Wells Fargo & Co. has taken another step in integrating the former Wachovia Corp. into its operations, completing its conversion of Wachovia branches in Texas to the Wells Fargo brand. (WFC)
Belk hit with discrimination suit over Raleigh firing Thu, 29 Jul 2010
The U.S. Equal Employment Opportunity Commission has filed suit against Charlotte-based Belk Inc., claiming the company’s store in Raleigh’s Crabtree Valley Mall discriminated against an employee based on her religion.
Goodrich, SPX lead Charlotte-area stocks Thu, 29 Jul 2010
Most Charlotte-area stocks were down slightly Thursday, but Goodrich Corp. and SPX Corp. edged up from Wednesday’s close. The Dow Jones Industrials lost 30 points to close at 10,467. Goodrich (NYSE:GR) closed at $72.95, up 89 cents, while SPX (NYSE:SPW) closed at $59.35, up 59 cents. (GR) (SPW) (BAC) (CATO) (WFC) (DUK) (FDO) (LNCE) (LOW) (PNY) (NUE) (TRK)
Tree.com posts $799K loss for second quarter Thu, 29 Jul 2010
LendingTree parent Tree.com Inc. reports a net loss of $799,000, or 7 cents per diluted share, in the second quarter. In the same period last year, the company earned $742,000, or 7 cents per diluted share. (TREE)
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July
31, 2010
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