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Industrial building planned near Charlotte airport

Basking Ridge, N.J.-based real estate firm Silverman Group plans to build a 420,000-square-foot industrial building called the Charlotte Intermodal Logistics Center less than a mile from the ​​Charlotte Regional Intermodal Facility at Charlotte Douglas International Airport. The company acquired the 42.6 acres for $21.1 million, and will break ground at the end of the year. InterCon is the general contractor.

Red Hat stock drops 12% after announcing predictions below Wall Street expectations

Raleigh-based software company Red Hat Inc. stock dropped by 12% in after-hours trading Thursday after it announced predictions for the second quarter and the full year that were below Wall Street expectations. Red Hat says it expects to report earnings of 81 cents per share in the second quarter on revenue between $822 million and $830 million; analysts projected earnings of 89 cents per share on revenue of $854 million. The company projected earnings between $3.44 per share and $3.48 per share on revenue of $3.375 billion to $3.41 billion for the year; analysts expected revenue of $3.45 billion for the year.

Gov. Roy Cooper signs Build NC into law

Gov. Roy Cooper signed the Build NC Bond Act of 2018 into law. The bill will accelerate road-building projects by authorizing up to $3 billion debt over the next 10 years. Up to $300 million will be issued annually; half will go toward regional projects, and the other half to local projects. Officials plan to repay the debt through transportation revenues, such as state gas taxes and vehicle sales taxes.

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