Business

Energy & Environment
9:36 am
Mon June 22, 2015

The Industry That Wants More Coal Ash

A cement truck sits in front of the mixing plant at Concrete Supply Co. in Charlotte.
Credit Ben Bradford / WFAE

Since a spill polluted the Dan River early last year, coal ash has become an environmental head ache for Duke Energy. But while Duke, state regulators, and environmental groups struggle with how to safely store or bury more than 100 million tons of the waste, other industries don’t look at coal ash as waste—it’s a commodity, and they want more.


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Business
12:48 pm
Thu May 21, 2015

Family Dollar - Dollar Tree Merger Closing Pushed Back

Family Dollar corporate headquarters in Matthews, N.C.
Credit Jennifer Lang / WFAE

The pending merger of Family Dollar Stores and Dollar Tree now appears to be headed toward completion in early July.  


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Business
10:49 am
Thu May 21, 2015

Bank Of America Hit With Big Fine

Federal Reserve hits Charlotte-based Bank of America with $205 million fine

Bank of America is one of six financial institutions hit with a total of nearly $1.8 billion in fines Wednesday by the Federal Reserve. The fines stem from foreign currency trade violations. 

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Business
8:11 pm
Thu May 7, 2015

Solar Protesters Heard Outside, And Inside, Duke's Annual Meeting

Credit Mike Linksvayer / Flickr

About forty protesters rallied outside Duke Energy’s headquarters, chanting “Up with solar, down with coal,” as shareholders left the annual meeting. The clash between environmental advocates and Duke Energy about solar energy and fossil fuels also extended inside the meeting, even the demonstrations.


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Business
10:10 am
Thu May 7, 2015

BOA Shareholders Demand Improvement, But Re-Elect Board Members

Bank of America CEO and Chairman Brian Moynihan faced barrage of questions from shareholders about the bank's lackluster performance.

Bank of America shareholders Wednesday re-elected the bank’s board of directors at its annual meeting despite intense opposition from two shareholder advisory firms. The opposition stemmed from the bank’s decision last fall to also make CEO Brian Moynihan the bank’s chairman. Shareholders also affirmed the board’s decision to give a $13 million compensation package to Moynihan.

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Business
3:56 pm
Wed May 6, 2015

BofA Board Members Retain Positions In Shareholder Vote

Shareholders re-elected Bank of America’s board of directors at today’s annual meeting despite intense opposition from two shareholder advisory firms. The opposition stemmed from the bank’s decision last fall to also make CEO Brian Moynihan the bank’s chairman. Many shareholders argued that should have been put up for a vote.

Shareholders also approved the board’s recent decision to drop Moynihan’s compensation package by a $1 million, to $13 million. All but $1.5 million of that is in company stock.

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Local News
4:21 pm
Mon May 4, 2015

CLT Airport Celebrates End Of Construction With...More Construction

Slogan of Charlotte Douglas's new 10 construction plan
Credit Courtesy of Charlotte Douglas International Airport

Monday, Charlotte Douglas International airport dedicated a new rental car facility and the new hourly parking deck. It marks the end of an eight-year, $1.5 billion construction and expansion project.

How did they celebrate? By announcing a new 10 year, $2.5 billion dollar expansion.

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Energy & Environment
2:14 pm
Fri May 1, 2015

Duke Feels The Effect Of Weather In Earnings

Duke's stock price as of 1:18 p.m. Friday.
Credit Google

Cold weather helped and drought hurt Duke Energy’s earnings this quarter. The company announced its results today, which included the effects of its settlement with federal prosecutors and a changing customer base.


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Energy & Environment
9:14 am
Thu April 30, 2015

One Fifth Of Duke's North Carolina Power Down For 'Outage Season'

Workers have removed the casing from a generator at Duke Energy's Marshall Steam Station, as well as the magnet inside which spins to create electricity.
Credit Ben Bradford / WFAE

Duke Energy has taken about a fifth of the power it can generate off-line in North Carolina, as part of what the energy industry calls “outage season.”


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Local News
4:32 pm
Fri April 24, 2015

Electrolux's Earnings Decline

Credit Tasnim Shamma

Electrolux reported first-quarter earnings fell 29 percent compared to last year. Company officials blame North American operations for the bulk of the Swedish-based company’s earnings’ decline.

Sales of company appliances, such as microwave ovens and room air conditioners are up slightly in North America, but President and CEO Keith McLoughlin said other factors in the region are hurting profits.

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