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Business news and information from Charlotte and the Carolinas. 

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North Carolina was once a top wine producer - until Prohibition killed the industry. But it's growing again. The North Carolina Wine & Grape Council says the state now has 186 wineries and adds about a dozen new ones a year. Dover Vineyards in Concord is one of those startups.

Updated 11:20pm
Corning Optical Communications has picked a site off I-485 in northwest Charlotte for its new $38 million headquarters, a spokesman said Tuesday.

Ben Bradford

County Commissioners chose BK Partners to redevelop Brooklyn Village, a one-time economically diverse, African-American community that was razed as part of the 1960s urban renewal movement. After Wednesday’s vote, many questions lingered for some commissioners about the $683 million project.

Bank of America expects to cut several thousand jobs nationwide in its consumer banking division over the next few years as customers shift their banking away from branches to mobile phones and computers.

DUNCAN McFADYEN: North Carolina's Division of Motor Vehicles ruled last week that Tesla can't sell its electric cars at a store in Charlotte. That has a lot of people scratching their heads - why not? WFAE's David Boraks is with me now to talk about it.

  Duke Energy's profits fell in the first quarter compared with a year ago because of weather issues and income lost from operations it sold. But executives say the company is on track to meet its profit target for the full year. 

Warmer weather this winter reduced demand for energy - and Duke's revenues. And cleanups after winter storms pushed up costs. At the same time, Duke’s revenues declined because of the sale of its Midwest power generation division a year ago.

Still, chief financial officer Steve Young called it a "solid quarter,"

Duke Energy

Duke Energy has launched a new storytelling website focusing on people, energy and the environment and on Duke itself. Called Illumination, it grew out of an internal site aimed at employees.

“What we realized is that a lot of the stories we’ve been sharing with employees could be of great interest to either broad or niche audiences outside of Duke Energy,” says co-editor Greg Efthimiou.

Beginning a few decades ago, Duke Energy began buying up plants outside the U.S. It also acquired companies beyond the Carolinas that sell energy on the open market. Now, Duke wants to tighten its focus on what it calls its core businesses.

As NASCAR begins its new season with the Daytona 500 this weekend, it’s making another big change to be more like other sports. Two years ago, NASCAR shifted from a convoluted points system to a winner-take-all playoff. This year, its racing teams will become more like NBA or NFL franchises rather than independent businesses.

Carolinas HealthCare System

The Charlotte area’s largest employer named its new CEO today. Gene Woods will take the helm at Carolinas HealthCare System in April.

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