Business

Crime
5:42 pm
Thu December 19, 2013

Charlotte Investors Victim Of $44M Ponzi Scheme

A Statesville man is indicted on charges of operating a $44 million dollar Ponzi scheme that defrauded over 200 people since 2007.

Daniel Williford faces five federal counts of money laundering following an FBI investigation.

Fifty-five-year-old Daniel Williford doesn't fit the image of someone who runs a multi-million dollar Ponzi scheme. He owns a middle-class four-bedroom home in Statesville, valued at about $200,000. He's a former airline pilot who went into the computer business for himself about 20 years ago.

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Business
11:51 am
Wed October 23, 2013

Online Heirloom Exchange Just A Joy For Huntersville Woman

1810 Family Bible
Credit JustaJoy.com

Genealogy has become an industry -- with sites like ancestry.com, and TV shows such as “Who Do You Think You Are?”

But these trace “family lineage.” What about the heirlooms and stories that fill the history of a family tree? A Huntersville woman is trying to make a business out of connecting people to their past.  


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Business
4:43 pm
Wed August 14, 2013

Airlines' Attorney: DOJ Got Merger Lawsuit 'Very Wrong'

Attorneys for US Airways and American Airlines say they won't make the first move to settle a lawsuit filed Wednesday by the U.S. Department of Justice attempting to block the airlines from merging.

The Justice Department contends the merger will make it easier for the remaining mega-airlines – Delta, United and American – to cooperate on prices, rather than compete.  That means airfares will go up and service will decline, warns the lawsuit.  But an attorney for US Airways and American, Rich Parker, says the DOJ is "very wrong."

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Business
4:23 pm
Tue August 13, 2013

Explainer: Justice Department Sues To Block US Airways Merger

Credit USAirways.com

Attorney General Eric Holder announced Tuesday that the Justice Department is suing to block the merger of American Airlines and US Airways, because of antitrust concerns. That merger would create the nation’s largest airline, and has been in the works since February. WFAE’s Ben Bradford joined All Things Considered host Mark Rumsey for an overview of what it means

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Business
9:34 am
Fri August 2, 2013

Duke Energy Cancels Planned Florida Nuclear Site

Duke Energy has announced it will cancel plans for a new nuclear power plant in Levy County, Florida. With no new energy to show, ratepayers are on the hook for the cost, while Duke’s turned a profit.


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Business
10:54 am
Tue July 9, 2013

Kroger Buys Harris Teeter

Harris Teeter at the Cotswold Mall, Charlotte, N.C.
Credit daysofthundr46 / Flickr

Harris Teeter has finally found a buyer, and it's a big one. Kroger - the largest U.S. grocery store chain - is spending about $2.5 billion to buy the Matthews-based company. 

But don't expect a name change at your local stores. Kroger says it will continue to operate the Harris Teeter brand. 

Harris Teeter has been searching for a buyer for several months, and its CEO said in a press release the company is excited to become a part of Kroger. 

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Business
9:32 pm
Mon July 1, 2013

UTC Aerospace Systems Celebrates New Charlotte HQ

UTC Aerospace System's new world headquarters in West Charlotte.
Tasnim Shamma

One of the largest aerospace systems providers in the world opened its headquarters in West Charlotte Friday. UTC Aerospace Systems designs and manufactures products like propellers and engines and was founded last year after several mergers and acquisitions. Executives say it expects to add about 50 more jobs in the next five years.

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Business
10:17 am
Fri June 21, 2013

Sequester Cuts Federal Program That Tracks Layoffs

Monthly number of businesses laying off at least 50 people, 2003-2013, according to data from the Mass Layoff Statistics program.
Credit Ben Bradford / WFAE

One of the fears about the federal budget cuts known as the sequester is that they could shrink the economy and trigger large layoffs. At the same time the government is cutting its program that tracks large layoffs—because of the sequester.


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Solar Energy
5:43 pm
Mon June 17, 2013

Duke Energy Ranks Eighth In Solar Rankings

Duke Energy ranked eighth in the nation among regulated utility holding companies for total solar capacity in 2012.
Credit Tasnim Shamma

Since its merger with Progress last summer, Duke Energy has become the country's largest regulated utility company. But a report from the Solar Electric Power Association shows it ranks eighth in 2012 for the amount of solar power it can use at any one time.  


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Solar Energy
9:21 am
Thu June 6, 2013

IKEA-Charlotte Now Operates (Partly) On Sunshine

There are 4,228 solar panels on top of the IKEA store in Charlotte. It's expected to produce about 25 percent of the store's electricity, on average.
Tasnim Shamma

Furniture giant IKEA has just installed 4,228 solar panels on the roof of its store in Charlotte. The panels are expected to generate up to half of the store's electricity. 


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