Panthers prepare their lair.
Position | CHARLOTTE REGION |
In January, the Carolina Panthers began $65 million of renovations to its stadium, the first phase of a three-year, $112.5 million plan to modernize the 18-year-old structure. Additions to Bank of America Stadium will include four new escalator bays, two 5-foot-tall video boards encircling the interior of the stadium and two 63-by-212-foot high-definition LED video boards--double the size of previous ones. Last year, Charlotte City Council gave the team $87.5 million in exchange for a commitment to stay in Charlotte at least six mew years. Of that, $75 million is for capital improvements. The Panthers will kick in $37.5 million. The first phase is scheduled to be finished by July 1.
CHARLOTTE--Wells Fargo, which acquired Wachovia in 2008, is the world's most valuable bank brand, according to an annual study by Brand Finance. This is the second consecutive year the San Francisco-based company has held the top spot on the British consultancy's ranking of the industry's 500 top brands. Bank of America was third, up from fourth last year. It was No. 1 in 2011.
MATTHEWS--Kroger Co. completed its acquisition of Harris Teeter Supermarkets Jan. 28. The Cincinnati-based grocery chain--the nation's largest--paid $49.38 a share in a deal worth about $2.5 billion. Harris Teeter has 227 stores in eight states and the District of Columbia, distribution centers in Indian Trail and Greensboro, and a dairy operation in High Point. Stores will still operate under the Harris Teeter banner. Kroger has no immediate plans for store closings or layoffs.
CHARLOTTE--Clifton Rutledge, former chief operating officer of San Antonio-based Whataburger, became CEO of Bojangles' Restaurants Jan. 24. He succeeds Randy...
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