Business

Business
11:20 am
Tue May 21, 2013

Charlotte, Future Capital Of Big Data?

Tresata and Harris Teeter sponsored a "hackathon" in Charlotte, where competing teams used Big Data to find trends in supermarket sales. Here, Tom Horton demonstrates his team's findings. A Harris Teeter spokeswoman said one reason for the event was to find talent the company may want to add to its analytics team.
Credit Ben Bradford

When it comes to the technology industry, Charlotte isn't usually listed as a hub. That title goes to places like Silicon Valley, New York, Boston and Seattle. But, Charlotte shows a lot of promise in the emerging technology field known as "Big Data."


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Business
3:15 pm
Wed May 8, 2013

Bank Of America Shareholders Approve Executive Pay

Bank of America held its annual shareholders' meeting in Charlotte today. CEO Brian Moynihan began the meeting highlighting the company's financial gains. He says the company has seen large growth in deposits and credit card accounts and has helped close to 2 million homeowners avoid foreclosure. He says internally, the company has been able to reduce costs to more quickly increase payouts for its shareholders.

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Aviation
9:03 am
Wed May 8, 2013

US Airways Mechanics File For Election To Join Teamsters

U.S. Airways mechanics held a press conference in South Charlotte to announce that they filed to hold an election today to join the Teamsters. An election will be held later this summer, pending approval from the National Mediation Board.
Credit Joel Coffidis

US Airways mechanics and technicians now have enough signatures to call for a union vote. At a news conference in south Charlotte, they announced that nearly 3,000 mechanics and technicians signed a petition to hold an election to be represented by another union, the Teamsters. Mechanics complained about low wages, high insurance premiums and poor representation by their current union, The International Association of Machinists. Luis Martinez is a lead mechanic for US Airways in Charlotte.

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Entertainment
8:27 pm
Fri May 3, 2013

Incentives That Landed Iron Man 3 Production Under Legislative Review

Iron Man 3 opened in theaters last week internationally and has already grossed $200 million. The movie was filmed in Wilmington.
Credit Marvel

Iron Man 3 – one of the most expensive films to ever come out of North Carolina – hit theaters Friday. It received $20 million in state incentives and lawmakers are now debating a bill that would remove the state's film tax credit – the same credit that brought the Iron Man 3 production to the state.


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Business
4:07 pm
Wed April 24, 2013

SC Could Get An Early Out Of Amazon Tax Exemption Deal

Screen shot of Amazon.com

  U.S. Senators are poised to pass a measure this week that would mean new taxes for South Carolina online shoppers who frequent Amazon. The state granted Amazon an exemption to collecting sales tax until 2016, but that deal would end if Congress passes the so-called Marketplace Fairness Act. 


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Business
11:27 am
Tue April 23, 2013

Chinese IT Firm Calls Charlotte Home, Adds 200 Jobs

Pactera, an IT consulting firm based in Beijing announced today that it will add 200 jobs and make Charlotte its U.S. headquarters. During the announcement at the Charlotte Chamber of Commerce, they presented a video in Mandarin with English subtitles.
Credit Tasnim Shamma

 One of China's largest IT consulting firms, Pactera, announced Monday it's adding 200 jobs in Charlotte over the next few years and making the city its U.S. headquarters.


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Business
10:08 am
Fri March 29, 2013

Publix Breaks Ground In Charlotte

Publix broke ground Thursday on this plot of land in Ballantyne.
Credit Ben Bradford / WFAE

Between Harris Teeter, Food Lion, Walmart, Target, and Family Dollar, North Carolina has a lot of competitors in the grocery business. Now, add one more. Publix, the upscale Southern supermarket chain broke ground Thursday on a new store in Ballantyne, its first in North Carolina. The move is the latest volley in a supermarket war.


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Business
5:21 pm
Wed March 27, 2013

Foreign Investment Created 7,000 NC Jobs In 2011

North Carolina created more jobs in 2011 through out-of-state and international investment than any other place in the U.S., according to an annual report IBM produces for clients.


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Airlines
9:40 am
Fri March 22, 2013

Celebrating 45 Years With US Airways (Well, Sort Of)

Bette Burke-Nash (l) and Joan Myers-Singh worked for Eastern Airlines in Washington D.C. Nash is the longest-serving US Airways employee. She began her career as a stewardess in 1957. Eastern did not merge with today’s US Airways but its hourly shuttle routes between D.C., New York and Boston became part of the airline.
Credit Tasnim Shamma

These days, it's not that often that employees work for the same company for most if not all of their careers. Thursday night, US Airways celebrated employees who have done just that.


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Business
10:08 am
Wed March 13, 2013

Start-Ups Struggle To Find Local Investment

Viddlz founder, Zerrick Bynum, completed the Revtech Labs incubator program in October.
Credit Viddlz.com

When it comes to start-up technology businesses, let’s just say Charlotte is no Silicon Valley. The local start-up scene has made some recent strides, though. Packard Place in Uptown has emerged as a hub for technology entrepreneurs and last year launched RevTech Labs, a program offering space and support for early-stage companies. The first group graduated five months ago, but they’ve struggled to attract local investors—a common complaint of Charlotte start-ups.

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