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Citigroup, FDIC Object to Wells Fargo's Purchase
1:00 pm
Fri October 3, 2008

Citigroup, FDIC Object to Wells Fargo's Purchase of Wachovia

This morning we learned Wells Fargo plans to buy Wachovia in its entirety for $15 billion dollars without help from the federal government.

Now, Citigroup and the FDIC are objecting to the deal. The head of the FDIC told the Associated Press that it stands behind Citigroup's agreement to buy portions of Wachovia for $2.2 billion dollars.

And in a strongly worded statement, Citigroup says Wachovia's deal with Wells Fargo is a clear breach of an exclusivity agreement between Citi and Wachovia. Citigroup called Wells Fargo's actions "tortuous interference."

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CMS Board Clearer on Magnet Programs
1:00 pm
Fri October 3, 2008

CMS Board Clearer on Magnet Programs

It was the CMS board's second day-long work session on magnet programs.

Superintendent Peter Gorman gave specific details including a recommendation to convert Lincoln Heights Elementary, a high-poverty school, into a full magnet school that would absorb a program from the smaller Villa Heights Elementary.

After last month's meeting board members weren't sure what they wanted. Board Member Trent Merchant was glad to have more specifics this time around.

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Embracing Eastern Spiritualism &Philosophy
1:00 pm
Fri October 3, 2008

Embracing Eastern Spiritualism &Philosophy

Embracing Eastern Spiritualism & Philosophy
Today we'll bring the East to the West, as we learn about some of the practices behind Eastern spiritualism and the principles of Japanese psychology and philosophy. We'll hear from yoga practitioners and also talk about techniques like mindfulness, directive attention and the importance of gratitude to mental and physical wellbeing.

Guests
Gregg Krech - Director, The ToDo Institute
Cheryl Simone - Author, Midnights with the Mystic
Thomas Cullen - Isha Yoga Volunteer

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A Look at Mike Munger, The Other Candidate for
1:00 pm
Fri October 3, 2008

A Look at Mike Munger, The Other Candidate for Governor

Democrat Beverly Perdue and Republican Pat McCrory are not the only candidates running for governor.

There's also third-party candidate Mike Munger.

He's a Libertarian who believes he's a viable alternative for voters fed up with the two major parties.

For 23 years, Munger has been an academic teaching about politics.

Now, Munger has the perspective of a politician as he addresses his students

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Are the Gubernatorial Candidates Legitimately
1:00 pm
Thu October 2, 2008

Are the Gubernatorial Candidates Legitimately Taking Credit?

Charlotte Mayor Pat McCrory hspace=2

What exactly does a lieutenant governor do?

"They basically hang around in case the governor dies or becomes incapacitated," answers Rob Christensen.

Christensen is the long-time capitol reporter the Raleigh News and Observer.

Lieutenant governors can also break a tie, should the senate come to a stalemate.

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A New Course for University Research Park
1:00 pm
Thu October 2, 2008

A New Course for University Research Park

Forty years ago, Charlotte civic leaders were tired of losing research and development companies to Raleigh's Research Triangle and to Atlanta, so they created University Research Park on the city's north end near I-85. The 3,200-acre research campus soon spawned one of Charlotte's largest communities - University City. But growth at University Research Park has leveled-off and major tenants, like Wachovia, face an uncertain future.

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Gas Situation Improving in Western NC
1:00 pm
Thu October 2, 2008

Gas Situation Improving in Western NC

Gas is still not easy to come by, but the situation is getting better.

Carol Gifford of Triple A Carolinas says last week about a fifth of stations in Charlotte had gas and where there was gas there were long lines. She says about a third of local stations now have supplies. "We've seen about 50 to 100 tankers a day coming into the Charlotte area and that has really improved the inventory," said Gifford.

Those tanker trucks are hauling in gas from ports in Virginia and the Carolinas and as far away as the Midwest.

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Dramatic Changes for University Research Park
1:00 pm
Thu October 2, 2008

Dramatic Changes for University Research Park

A panel of urban planning experts is recommending drastic changes to University Research Park. The proposal would add housing, shops and restaurants to what is now primarily a secluded office park near I-85 in Northeast Charlotte.

Since 2000, occupancy at University Research Park has plateaued and competing developments have sprung up in Kannapolis and at UNC Charlotte. Now several major tenants at the park, including Wachovia, face an uncertain future.

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200 Jobs Lost as Another NC-based Textile Co.
1:00 pm
Thu October 2, 2008

200 Jobs Lost as Another NC-based Textile Co. Closes

In a letter to the North Carolina Department of Commerce, Spectrum Yarns said it would close its plants in Kings Mountain and Marion as of Tuesday this week.

Spectrum says it was unable to secure credit from its two banks in order to remain open.

Kings Mountain Mayor Rick Murphrey retired from Spectrum last year after working in sales there for more than 35 years. He says the city will feel the impact of the loss.

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Gas Stations Say Price Gouging Law Made Shortage
1:00 pm
Thu October 2, 2008

Gas Stations Say Price Gouging Law Made Shortage Worse

Three days after Hurricane Ike forced Gulf Coast refineries to shut down, Attorney General Roy Cooper began issuing subpoenas to gas stations accused of gouging customers. The state association representing those stations says the subpoenas actually made the gas shortage worse because many station owners chose to run out their supply and shut their pumps rather than pass along higher prices to customers.

The Attorney General flatly denies that link.

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