Business

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."

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.

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.

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.