From WBT NewsTalk Radio
The city budget looks like it’ll hold despite the current economic conditions, city officials said this week.
Even with projected losses from the Wachovia-Wells Fargo merger, local economists are telling City Hall businesses in Charlotte will end up with thousands of new jobs this year.
Finance Director Greg Gaskins said sales tax revenues look to [...]
Entries from October 2008
October 30, 2008
City Hall offers steady outlook for Charlotte during economic slump
October 27, 2008
Starwood, Landquest plan to pump $100M into Triangle, Charlotte real estate markets
A newly formed joint venture aims to jolt the Triangle and Charlotte real estate markets with a $100 million infusion to spur residential and mixed-use land development.
Starwood Land Ventures of Bradenton, Fla., has partnered with Landquest Development of Raleigh to form LStar Land LLC. The partners’ strategy is to acquire finished home sites, purchase debt [...]
October 26, 2008
Growing tech centers struggle with less funds
As classrooms fill and program waiting lists grow at Tennessee Technology Centers, campus directors across the state are paring their budgets for a second round of cuts.
The cuts, mandated earlier this month, come as the centers grow and state higher education officials brace for a potential third cut this fiscal year.
“When the economy is somewhat [...]
October 11, 2008
Wells CEO seeks to reassure Wachovia workers
Wells Fargo & Co. is seeking to reassure Wachovia Corp. employees, indicating that massive layoffs are not a part of its acquisition plan.
“We know this has been a time of great uncertainty for Wachovia team members and many of its customers as their company has gone through a very painful and challenging time,” Wells Fargo [...]
October 10, 2008
Citi drops out; Wells wins battle for Wachovia
Wells Fargo & Co. has won the battle for Wachovia Corp.
Citigroup Inc. has withdrawn from negotiations brokered by federal regulators that sought a compromise to the competing bids from Wells and Citigroup. Wachovia’s brokerage business is in St. Louis and employs 4,800 people.
The issue is likely to go to court. But New York-based Citigroup (NYSE:C) [...]
October 10, 2008
Brunswick cuts 1,400 jobs; shuts 4 more plants
CHICAGO – Beleaguered boatmaker Brunswick Corp. said Thursday it will cut 1,400 more jobs as the company shuts four plants and furloughs workers at three more.
The announcement, which sent the manufacturer’s stock to a more than 15-year low – comes four months after the suburban Chicago company said it would eliminate 1,000 jobs because of [...]
October 3, 2008
NAA: Newspaper Ad Revenue Expected to Drop More than 11% in 2008
By Jennifer Saba
Published: October 02, 2008 12:35 PM ET NEW YORK
Total advertising revenue for the newspaper industry is expected to decline 11.5% to $40.1 billion this year, according to the Newspaper Association of America.
The organization forecast that by 2009, ad revenue declines would not be as steep — total ad revenue is expected to drop [...]
October 1, 2008
The #1 Cause of Nurse Faculty Shortage?
Posted on: Wednesday, 1 October 2008, 03:00 CDT
By Fitzpatrick, Joyce J
WE ARE ALL AWARE OF THE NURSE FACULTY SHORTAGE, evidenced by the long waiting lists of qualified students for our programs and the fatigue we feel at the end of a long day of teaching. Although it may not be polite or politically correct to [...]
October 1, 2008
East Tennessee loses 300 jobs
A slumping economy and changes in government programs have forced six East Tennessee companies to cut more than 300 jobs, according to notices filed with the Tennessee Department of Labor and Workforce Development.
New York-based Gentiva Health Services said it may have to lay off up to 88 nurses and home health aides in Knoxville, Kingsport [...]
