Business

Business news from Charlotte and the Carolinas.

Wells Fargo sign at a bank branch
Flickr / Mike Mozart

Wells Fargo is being fined a combined $1 billion by two federal regulators for abuses tied to its mortgage and auto lending businesses.

Wells Fargo sign at a bank branch
Flickr / Mike Mozart

It could be several weeks before Wells Fargo and its investors know the final cost of settling federal regulatory investigations into allegations that it overcharged borrowers. Last week, the bank, with its east coast headquarters in Charlotte, acknowledged it could be as much as $1 billion. 

Student Lyndell Grant (right) works with A+/Helpdesk Support instructor Brandon Steel at the Goodwill Opportunity Campus on Wilkinson Boulevard in a free eight-week training course. A grant from Google is helping to pay for the classes.
Goodwill Industries of the Southern Piedmont

Charlotte's Goodwill Industries is expanding its free technology training program, called Goodwill University, thanks to a $300,000 grant from Google. The organization now will begin offering training in key certifications for information technology careers. 

bank of america sign
MoneyBlogNewz / Flickr / https://www.flickr.com/creativecommons/by-2.0/

Bank of America will no longer lend money to gun manufacturers that make military-inspired firearms for civilian use.

North Carolina's farmers are nervous. As an all-out trade war with China looms on the horizon, it's North Carolina's agriculture industry that could bear the brunt.

The sale of Charlotte-based snack maker Snyder's-Lance to Campbell Soup Company is scheduled to close Monday. Snyder's-Lance says shareholders overwhelmingly approved the $4.9 billion deal at a special meeting Friday. 

U.S. gun maker Remington Outdoor Company has filed for bankruptcy protection, after years of falling sales and lawsuits tied to the Sandy Hook Elementary School massacre.

Bojangles Chief Executive Steps Down

Mar 5, 2018
Bojangles

Bojangles chief executive Clifton Rutledge is stepping down after four years on the job for personal reasons.

Lowe's recorded profits in the fourth quarter despite a red-hot housing market.

Shares fell 8 percent before the opening bell as healthy same-store sales were overshadowed by the profit miss and lower overall revenue.

Duke Energy headquarters in Charlotte.
David Boraks / WFAE

Duke Energy is reporting a profit of $703 million in the last three months of 2017. The company says cold weather boosted energy use, expenses were lower and it benefited from changes in the federal tax law.

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