Home
News
Sports
Neighborhoods
Featured Advertiser:

Source: BofA told to raise capital

Tagged with:

bank of america, wachovia

Published May 5, 2009 at 5:24 a.m.

Bank of America Corp. has been told it needs to raise more capital as part of the government's stress test of big banks, a person familiar with the situation said Monday ... The bank is in discussions with regulators over how much it will be required to add to its buffer against future loan losses, but a report that the bank will need to raise $10 billion in capital is too high, the person said ... Bank of America spokesman Scott Silvestri declined to comment, although earlier on Monday he

Read Article Read    Post Talkback Post Talkback

Mecklenburg foreclosure activity spikes

Tagged with:

mecklenburg

Published May 5, 2009 at 5:21 a.m.

(By Stella M. Hopkins, shopkins@charlotteobserver.com) N.C. foreclosure activity soared in April, led by a Mecklenburg County spike that more than made up for declines during a brief lull ... Mecklenburg foreclosure filings more than doubled last month, to 1,606, compared with 637 in April 2008. That marked the county's second consecutive month above 1,000 filings. Last month, Mecklenburg became the first county to record more than 1,000 filings in any month ... Mecklenburg also accounted for

Read Article Read    Post Talkback Post Talkback

Staunch fan lands rare reward

Tagged with:

carolina panthers, panthers, unc

Published May 4, 2009 at 10:24 p.m.

In 1989, when he was 9 years old, Norris Adams had a feverish love for the Washington Redskins ... At a Redskins home game he attended that season, he convinced his parents to put him on the NFL team's waiting list to buy season tickets ... Twenty years later, Adams is a 29-year-old lawyer in Charlotte. He recently received a burgundy envelope with the word “CONGRATULATIONS” in golden type ... Adams had finally made it to the top of the Redskins' list. According to the team, more than

Read Article Read    Post Talkback Post Talkback

Gameday: Seeing double at Marvin Ridge

Tagged with:

mecklenburg, panthers

Published May 4, 2009 at 8:45 p.m.

Elevator ... UP: ... CHARLOTTE LATIN GIRLS' SOCCER: The Hawks (14-0-1) have outscored opponents 60-2 have 11 straight shutouts ... UP: ... PROVIDENCE GIRLS' SOCCER: Spoiled Ardrey Kell's hopes for an unbeaten, untied season by tying the No. 2 4A team in the state 1-1 last week. The Panthers are 9-4-2 ... UP: ... MORGANTON FREEDOM GIRLS' SOCCER: Friday's 5-0 win against East Burke, powered by two goals from senior Lindsey Packard ,was the 100th home win in the school's 17-year history of

Read Article Read    Post Talkback Post Talkback

Carolinas Roundup |

Tagged with:

unc

Published May 4, 2009 at 7:59 p.m.

Muzak says it has enough cash ‘to support the business' ... As it progresses through a bankruptcy filing, Muzak Holdings LLC said Monday it has more than $35 million cash on hand, which it called “sufficient to support the business.” ... That was the amount the Fort Mill, S.C., background music provider said it had as of last Thursday. It had about $22million cash on hand when it filed for bankruptcy protection in February, Chief Financial Officer Dodd Haynes said in an interview ... Muzak

Read Article Read    Post Talkback Post Talkback

Kahne hints team could have changed brands

Tagged with:

nascar

Published May 4, 2009 at 4:51 p.m.

CONCORD, N.C. - Could a possible move to Toyota have delayed the development of the new Dodge engine at Richard Petty Motorsports? ... According to RPM driver Kasey Kahne, that was one of several possible answers he's heard to his questions about RPM's development of the engine, which is already being used by Penske Racing ... "It depends on who you talk to. Some people say Dodge, some people say money, some people say we're taking a break and going to Toyota," the driver told reporters Monday

Read Article Read    Post Talkback Post Talkback

Lauth units seek Chapter 11

Tagged with:

nascar

Published May 4, 2009 at 4:21 p.m.

Three subsidiaries affiliated with Lauth Property Group, developer of NASCAR Plaza in uptown Charlotte, have filed for bankruptcy protection in Indianapolis ...

Read Article Read    Post Talkback Post Talkback

Wachovia to buy Comerica business

Tagged with:

wachovia

Published May 4, 2009 at 3:38 p.m.

Wachovia Bank has agreed to acquire the defined-contribution plan recordkeeping business of Texas-based Comerica Bank, a subsidiary of Comerica Inc. (WFC) (CMA) ...

Read Article Read    Post Talkback Post Talkback

BofA disputes report on equity raising

Tagged with:

bank of america

Published May 4, 2009 at 2:28 p.m.

Bank of America Corp. is disputing a report by the Financial Times that BofA plans to raise some $10 billion in capital. (C) (BAC) ...

Read Article Read    Post Talkback Post Talkback

No 'lingerie football' in Charlotte - for now

Tagged with:

bobcats

Published May 4, 2009 at 12:31 p.m.

(Staff Report) ... Carolinas residents hoping to see bikini-clad women brawl on the gridiron will have to wait until next year, as the Lingerie Football League has decided to bypass Charlotte until at least 2010 ... The league targeted Charlotte for a team two weeks ago after its Atlanta team couldn't find a venue. Lingerie football is a full contact, seven-on-seven sport played on a 50-yard field by women wearing tight shorts, bikini tops, helmets and shoulder pads ... After playing exhibition

Read Article Read    Post Talkback Post Talkback