Business news from Charlotte and the Carolinas.

diners at Essex Charlotte
David Boraks / WFAE

Businesses around Charlotte saw sales drop during last week's protests over the shooting death of Keith Scott. But now that a curfew has been lifted and the weekend is approaching, they're hoping for a rebound.

Violence during the first night of protests uptown last Wednesday left some hotels, stores and restaurants, including those around the EpiCentre, with broken windows and other physical damage.

But the week of protests also scared away customers, causing financial damage that most are still recovering from.  

Corning Inc. says growing demand for optical fiber in communications networks is behind plans for a $30 million expansion of its optical cable plant in Hickory. The company also announced a similar sized expansion of another plant in Winston-Salem.

Passengers leave an Allegiant Air jet at Concord Regional Airport.
Mark Rumsey / WFAE

Allegiant Air will add non-stop service from Concord Regional Airport to New Orleans this fall. It will be the discount carrier's first destination outside Florida from the airport east of Charlotte.

The main purpose of the Export-Import Bank of the United States (EXIM) is simple – provide loans to foreign entities, so they can buy American-made goods.  These loans, in essence, are a way to make American exports more affordable and more competitive.  Since 1945, the bank has operated as an independent agency, created and funded by Congress.

NC Ports Authority

Charlotte will get its first direct intermodal rail connection to the port of Wilmington this fall, when CSX begins the Queen City Express. The service announced this week puts Wilmington in competition with Charleston and other ports that serve Charlotte.

Charlotte is one of 10 U.S. cities that could get nonstop flights to Havana, Cuba, under tentative plans announced Thursday by the U.S. Department of Transportation.

Corning Inc.

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.

Bank of America

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.

Daimler Trucks North America

Commercial truck maker Freightliner has announced it will cut some 800 jobs at two facilities in Gaston County. 

David Boraks / WFAE

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.