Business
Southwire buys ABB plant
Aug. 3. Georgia-based Southwire Co. has completed the purchase of ABB’s high-voltage and extra high-voltage underground transmission cable manufacturing plant in Huntersville. The purchase price was not disclosed. ABB’s 240,000-square-foot plant in Commerce Station Business Park opened three years ago just south of downtown Huntersville. The $90 million, high-voltage cable plant includes a 430-foot tower […]
No sign of a slow-down in high-end residential market
The economy is good enough that even lenders are loosening up. Appetites for mortgages over $500,000 are back at levels not seen since the downturn, and more small banks and investor funds are looking for a piece of the action. Nationally, home prices were up 4.2 percent from April of last year to April of […]
2015 Top Women in Business Judges
Judges include Cabarrus community leader Dakeita Vanderburg Johnson; Diane Honeycutt, one of the top Allen Tate Realtors in North Carolina and a Cabarrus County Commissioner; Cornelius business attorney Catherine Bentz; Uwharrie Bank Market Regional President Pat Horton; Cornelius-based closing attorney Cheri Thebeau; Tricia Sisson, co-founder of the Range at Lake Norman in Cornelius; and Robin […]
Nominations for Top Women now open
Nominations for Business Today’s 11th Annual Top Women in Business leadership awards are officially open. The prestigious awards honor the Golden Crescent’s most dynamic women in business, community service, education and politics. Online nomination forms are at http://www.businesstodaync.com/top-women-in-business-nomination-form. To be eligible for this awards program, women should own a business or work in Cabarrus County, […]
LKN tennis tourney nets $566,820
More than 600 junior tennis players competing in the 2015 state Championships helped generate $566,820 in total receipts, according to Visit Lake Norman, which landed the two-year contract. The United States Tennis Association will hold the tournament again next year in Lake Norman, benefiting area hotels and eateries. Four official hotels were used for the […]
OPINION: Private toll lanes on I77 are wrong for business
OPINION. By Mike Russell. We use I-77 through Lake Norman as a local road. When it was built 40 years ago that may not have been the original intent, but with part of US 21 under Lake Norman and NC 115 constricted through downtown Davidson, it is an inescapable reality. For local businesses I-77 is […]
Aquesta plans stock repurchase
July 24. Aquesta Financial Holdings has announced it will buy back up to $500,000 of Aquesta Common Shares (AQFH) on the open market. Stock in the Cornelius-based financial institution is thinly traded and trades below book value. At the same time, Aquesta appears to be more aggressive about its plans to grow in Charlotte. “We […]
Uwharrie reports gains in second quarter
July 24. Second-quarter net income at Uwharrie Capital Corp and its subsidiary, Uwharrie Bank, climbed nearly 11 percent this year vs. last. For the three-month period ended June 30, the financial institution earned $660,000 compared to $596,000 for the same period in 2014, a 10.74 percent improvement. Also for the second quarter of this year, net […]
Planet Fitness: Salvation for old Bi-Lo space
July 22. The old Salvation Army space in Cornelius, which was the old Bi-Lo grocery store, finally has a tenant. A 25,000 square foot Planet Fitness franchise will go into the space on West Catawba Avenue later this year. Another 15,000 square feet remains to be leased in the shopping center which once housed a […]
Aquesta: ‘Really starting to hit its stride’
July 21. Aquesta Financial Holdings today reported record operating income for the second quarter of 2015: $590,000 vs. $446,000 during the same quarter last year. Total assets increased to $269.1 million at June 30, compared to $263.6 million at year-end. Total loans increased to $184.1 million at June 30, vs. $172.2 million at the end of 2014. “Our […]
