Business http://wfae.org en Legal Bills Hurt Bank Of America Again In Q2 http://wfae.org/post/legal-bills-hurt-bank-america-again-q2 <p>Bank of America announced its second quarter earnings Wednesday morning. The nation’s second-largest bank returned to earning a profit, but missed analysts’ expectations, as it still feels the effect of bad mortgages.</p><p> Wed, 16 Jul 2014 16:19:30 +0000 Ben Bradford 55039 at http://wfae.org Legal Bills Hurt Bank Of America Again In Q2 World Cup Fandom Hurts GDP Growth, UNCC Economist Finds http://wfae.org/post/world-cup-fandom-hurts-gdp-growth-uncc-economist-finds <p>Two soccer powerhouses, Germany and Argentina, will compete this weekend in the World Cup final. The tournament is the most watched sporting event on Earth, but that passion may have negative economic ramifications, a UNC-Charlotte economist has found.</p><p></p><p><span style="line-height: 1.5;">&nbsp;&nbsp;</span></p><p> Sun, 13 Jul 2014 18:17:43 +0000 Ben Bradford 54793 at http://wfae.org World Cup Fandom Hurts GDP Growth, UNCC Economist Finds Wells Fargo Diversifies To Offset Decline In Home Lending http://wfae.org/post/wells-fargo-diversifies-offset-decline-home-lending <p>Wells Fargo’s profits were up for the second quarter. The bank is reporting net income of $5.73 billion. WFAE’s Duncan McFadyen reports the company is trying to diversify in order to make up for a decline in its mortgage business.</p><p> Fri, 11 Jul 2014 20:51:15 +0000 Duncan McFadyen 54748 at http://wfae.org Wells Fargo Diversifies To Offset Decline In Home Lending Icahn Exercises Option And Buys 9.4% Stake In Family Dollar http://wfae.org/post/icahn-exercises-option-and-buys-94-stake-family-dollar <p>Billionaire activist investor Carl Icahn Wednesday exercised his stock options and became Family Dollar’s largest shareholder. The stock price for the Matthews-based company has gone up 8 percent since Icahn started pushing for a sale.</p><p> Thu, 03 Jul 2014 19:50:44 +0000 Duncan McFadyen 54202 at http://wfae.org Icahn Exercises Option And Buys 9.4% Stake In Family Dollar New Solar Projects Fall, Set To Rise, Probably Dip Again http://wfae.org/post/new-solar-projects-fall-set-rise-probably-dip-again <p><span style="line-height: 1.5;">North Carolina fell a bit in the most recent rankings of solar energy production across the nation but despite the dip, the solar landscape still looks strong, at least this year.</span></p><p></p><p> Mon, 16 Jun 2014 13:09:27 +0000 Ben Bradford 52907 at http://wfae.org New Solar Projects Fall, Set To Rise, Probably Dip Again Are NC Film Incentives Worth It? Part 2: Running The Numbers http://wfae.org/post/are-nc-film-incentives-worth-it-part-2-running-numbers <p><span style="line-height: 1.5;">The curtain is poised to come crashing down on North Carolina’s film incentive.</span></p><p>Wednesday, the House Finance Committee adopted a plan which would slash the amount a production company could receive, from $20 million to five million.</p><p> Thu, 12 Jun 2014 04:11:10 +0000 Tom Bullock 52741 at http://wfae.org Are NC Film Incentives Worth It? Part 2: Running The Numbers NC Senate Passes Airport Commission Bill http://wfae.org/post/nc-senate-passes-airport-commission-bill <p>The North Carolina Senate has passed a bill that could strip control of Charlotte Douglas Airport from the city council and end a year-long legal impasse in the state’s favor—all less than two days after the legislation became public.</p><p></p><p> Thu, 12 Jun 2014 00:14:37 +0000 Ben Bradford 52740 at http://wfae.org NC Senate Passes Airport Commission Bill Are NC Film Incentives Worth It? Part 1: How They Work http://wfae.org/post/are-nc-film-incentives-worth-it-part-1-how-they-work <p></p><p>For the past seven years North Carolina has been aggressively trying to lure movie and television shows to film in the state. Their bait? Tax dollars.</p><p><span style="line-height: 1.5;">Since the program began it has been hugely successful.&nbsp;</span><span style="line-height: 1.5;">But the film incentive program is controversial.&nbsp;</span><span style="line-height: 1.5;">In Raleigh there is a movement to change the program or let it sunset at the end of this year.</span></p><p><span style="line-height: 1.5;">This week, we take&nbsp;</span><span style="line-height: 1.5;">a closer look at the incentives program and proposals to change it. This report looks at how the system works and how much money just one TV show spends in the state.</span></p><p></p><p> Wed, 11 Jun 2014 13:35:42 +0000 Tom Bullock 52655 at http://wfae.org Are NC Film Incentives Worth It? Part 1: How They Work Lawmakers Try To Rally Support For Film Funds http://wfae.org/post/lawmakers-try-rally-support-film-funds <p></p><p><span style="line-height: 1.5;">In Raleigh Wednesday, a bipartisan group of lawmakers took to a stage of sorts, in an effort to build support for the state’s film incentives. The tax rebate program faces an uncertain future and may expire at the end of the year.&nbsp;</span></p><p> Wed, 04 Jun 2014 19:45:29 +0000 Tom Bullock 52282 at http://wfae.org Lawmakers Try To Rally Support For Film Funds Matthews Company Makes Life-Saving Food For UNICEF, USAID http://wfae.org/post/matthews-company-makes-life-saving-food-unicef-usaid <p>Malnutrition contributes to more than a third of deaths of children under five worldwide. For decades, these children had to be treated in in-patient clinics. But a peanut-based paste is making treatment more accessible, and it’s exploding in popularity. One of the companies that helps meet the demand is based in Matthews.</p><p> Fri, 23 May 2014 09:35:00 +0000 Duncan McFadyen 51323 at http://wfae.org Matthews Company Makes Life-Saving Food For UNICEF, USAID