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Newspaper
The Gaston Gazette
Location
Gastonia, North Carolina, United States of America
Date
Aug 20, 2016
Page
6
A Morgan Stanley 401k plan participant filed a New York federal suit alleging high fees and poor fund performance including some Morgan Stanley run funds. The $8 billion plan serves about 60 000 participants and the complaint claims hundreds of millions in losses.
A WTO panel largely sides with the European Union in its dispute over Russia's 2014 ban on EU pigs pork and pig products following African swine fever cases. The ruling heightens scrutiny of Russia's trade measures amid animal health concerns.
City of Gastonia permits a five-tenant commercial building near Franklin Boulevard and Gaston Mall. Smoothie King will occupy suite 130 beside Five Guys, joining Noodles & Co, Sport Clips, CPR, and a UPS store. CoxShepp of Charlotte handles the $50,000 permit for the site portion. Franchise owner Brian Augustine, based in Charlotte, plans a September Gastonia opening, with total Charlotte area Smoothie King locations near 24 after Belmont expansion.
Art by J Studios at the former Vision Hosiery Mill in Belmont hosted a Chamber Network After Work event on August 11 at the 6325 Wilkinson Boulevard studio. Jean iene Dibble, who has taught art from grades 1 through 12 for over 30 years, led students and invited chamber members to paint and share artwork as the old mill becomes Belmonts arts hub. More info at artbyjstudios.com or 704.718.4330.
Public builders like PulteGroup, D.R. Horton and Lennar see a shift from apartments to single-family homes with housing starts up 10.6 percent year to date and projected ground breakings near 800,000, the strongest since 2007, though below the 56 year average. Northeast condo and apartment activity lags as single-family gains 15.1 percent year to date, while the South remains the largest and fastest growing market for new housing.
Estee Lauder Companies reported a fiscal fourth quarter ending in June with net income of 93.5 million dollars or 25 cents a share. Adjusted earnings were 43 cents per share on revenue of 2.65 billion dollars, beating expectations. Global results were mixed with skincare lagging and warnings of headwinds from social and political issues currency moves and economic challenges in Hong Kong France and emerging markets.
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