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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.

Charlotte Business Journal
  • Campus Crest to add solar panels for student housing
    Campus Crest Communities Inc. has teamed with SolarCity, a provider of clean-energy products and services, to install more than 9,000 solar panels on its student-housing communities in Greeley, Colo.; Flagstaff, Ariz.; and Las Cruces, N.M. The companies say the project will eventually provide 2.3 million kilowatt-hours of renewable power per year, offset electricity consumption at the communities by about 50 percent and eliminate more than 80 million pounds of carbon dioxide emissions annually. “Sustainable...


  • Apple, SunEnergy1 solar projects get N.C. approval
    N.C. regulators have cleared two major solar projects for construction this week — Apple Inc.’s proposed 20-megawatt project at its Catawba County server farm and the expansion of SunEnergy1’s large merchant solar plant in Plymouth. Apple’s plans have gotten a lot more attention. Investment in the project could approach $100 million, based on current prices for solar installations. And it will be paired with a 4.8-megawatt fuel-cell project to offset some of the environmental effects of...


  • Another new low for mortgage rates
    Mortgage rates fell again this week, with 30- and 15-year fixed-rate mortgages touching new record lows. Freddie Mac's (OTC BB:FMCC) weekly rate report says 30-year fixed-rate mortgages averaged 3.79 percent in the week ending May 17, down from 3.83 percent the previous week. A year ago, 30-year mortgages were averaging 4.61 percent. A 15-year fixed-rate loan averaged 3.04 percent for the past week, down from 3.05 percent a week earlier. A one-year adjustable-rate mortgage averaged 2.83 percent,...


  • US Airways ranks third for on-time flights
    US Airways Group Inc. landed high on the U.S. Department of Transportation’s ranking of on-time airlines for the first quarter. The carrier was third in the nation, according to the latest Air Travel Consumer Report, with 87.3 percent of its flights arriving on time. Hawaiian Airlines ranked No. 1 for on-time performance at 92.5 percent. AirTran Airways was second at 90.9 percent. Tempe, Ariz.-based US Airways (NYSE:LCC) also scored well on cancellations, with less than 1 percent of its scheduled...


  • Lennar plans 400 homes in Indian Land
    National homebuilder Lennar Corp. says it will build a 400-home community in Indian Land called Carolina Reserve. The Miami-based homebuilder plans four types of neighborhoods on Jim Wilson Road off U.S. Highway 521, in northern Lancaster County. Carolina Reserve will offer a clubhouse and pool, and its site along Six Mile Creek will include more than 70 acres of open space. “To achieve the diversity we feel is vital to any successful community, we intend to designate half of the homes to those...

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