Newsroom
Aquesta declares dividend
Oct. 23. Cornelius-based Aquesta Financial Holdings has declared a cash dividend of 12 cents per share to shareholders of record as of Nov. 6. The eighth annual consecutive dividend is payable on Nov. 20. Earlier this week Aquesta posted higher third-quarter earnings. CEO Jim Engel said, adjusted for stock splits, the dividend has been increased […]
Pratt& Whitney investment valued at $650MM
Oct. 22. Pratt & Whitney will invest approximately $650 million over several years to build new manufacturing plant in Asheville. The company, a division of Raytheon Technologies Corp., will create 800 jobs through 2027. The 1 million square foot high-tech turbine airfoil production facility “signals a bright future in aviation even with the current challenges […]
Stein Mart filing: A history of retail’s decline in 246 words
Oct. 22. Stein Mart will officially close its doors in the Shops at Fresh Market in Cornelius on Oct. 26. No replacement has been announced. Part of the Jacksonville, Fla. company’s bankruptcy filing said the retail industry was challenging even before the COVID-19 pandemic became widespread in March. The July resurgence in the coronavirus sank […]
Aquesta 3Q rises 10%
Oct. 21. Aquesta Financial Holdings reported third-quarter unaudited net income rose 10.7 percent to $1.1 million (20 cents per share) compared to third quarter of 2019 net income of $1.0 million (19 cents per share). Jim Engel, CEO, said despite the continued economic uncertainty caused by the COVID-19 pandemic, the Cornelius-based bank had another quarter […]
Chamber adding job listings
Oct. 21. The Lake Norman Chamber of Commerce is partnering up with a national company to provide a “Top Talent” job posting service to help drive candidate traffic to open job listings. The marketing partnership with www.LocalJobs.com gives chamber members with fewer than 50 employees unlimited job postings. A virtual kickoff will be held at […]
Homeowners, more so than buyers, appreciate home price appreciation
Oct. 7. By Dave Yochum. New data from S&P CoreLogic Case-Shiller shows year-over-year home price increases of 6 percent in Charlotte with homes selling almost as fast as they are listed. Only Phoenix (9.2 percent) and Seattle (7 percent) out-performed Charlotte in terms of residential price appreciation. Indeed, the suburban residential real estate market is […]
LKN Chamber Leadership Class XXIV
Oct. 20. The Lake Norman Chamber of Commerce has accepted 15 people into the 24th class of Leadership Lake Norman. The program helps develop leaders in the Lake Norman region. Accepted in Leadership Lake Norman Class XXIV are: William “Chris” Roper, Cornelius Police Department; Heather “Timbs” Fulghum, Atrium Health; Michael MacIntyre, Town of Huntersville; Lindsey […]
Birkdale Village will get a refresh with new owner
Oct. 19. By Dave Yochum. Birkdale Village will be sold to North American Properties for an undisclosed amount, according to sources. The 66-year-old North American has developed more than $7 billion in properties, including 22 million square feet of commercial space and 19,000 residential units in 15 states. The mixed-use project in Huntersville is apparently […]
Atrium launches 3 new COVID-19 clinical trials
Oct. 20. Atrium Health has launched three new COVID-19 treatment clinical trials, which are the only outpatient treatment trials available in the region to address the COVID-19 virus. All for outpatient use, the first trial is the Gilead Remdesivir Trial, the second is the Regeneron Trial and the third is the Regeneron Prophylaxis Trial. The […]
