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Auto Insurance Rates Going Up

Jun 16, 2017
Charlotte's roads are jammed, but the McCrory administration says the state's new road funding formula will help.
David Boraks / WFAE

Many North Carolina car owners will see their auto insurance rates go up soon, but not nearly as much as insurance companies requested.

Tom Bullock / WFAE

NoDa and Olde Mecklenburg breweries, along with members of a craft brewers group filed the case in Wake County Superior Court Monday.

The brewers argue two state laws which force them to enter distribution contracts if they produce more than 25,000 barrels of beer a year violate the North Carolina constitution.

Updated 3:07 p.m.
Warmer winter weather slowed Duke Energy's electricity sales in the first three months of the year. But profits still rose slightly, and executives say overall Duke is growing.  During the first quarter, the company also logged expenses from its October merger with Piedmont Natural Gas, and saw international revenues disappear, after the December sale of its Latin American operations.

A healthy outlook for air traffic has earned Charlotte Douglas airport a bond-rating upgrade from Fitch.
David Boraks / WFAE

The bond ratings service Fitch has upgraded ratings for Charlotte Douglas International Airport, citing a healthy outlook for air traffic and the airport's relatively low costs.

Here's the web screen where investors watched Thursday's Duke annual meeting.
Duke-Energy.com

Duke Energy shareholders elected directors and voted on other questions Thursday at the company's first virtual annual meeting. Ballots and questions for the CEO were submitted in advance, or by clicking a button on a special web page.

Duke CEO Lynn Good sat on a blue-curtained set and looked toward the camera as she opened the meeting at an undisclosed location.

A Charlotte-based bank started by former Bank of America executives is being sold. Capital Bank will become part First Horizon of Memphis, Tennessee, in a $2.2 billion-dollar deal announced Thursday morning.

Duke Energy's annual meeting is Thursday, but don't try to go to uptown Charlotte and vote your shares. This year’s meeting will be at a secret location, beamed to shareholders via telephone and internet. Protesters say they'll be at Duke's headquarters anyway.  

Bank of America sign
Jennifer Lang / WFAE

Higher interest rates are helping boost financial results at Bank of America. The bank says profits rose 40 percent in the first three months of the year, compared with a year ago. B of A also saw growth in all its major businesses.

Wells Fargo sign at a bank branch
Flickr / Mike Mozart

An independent report’s findings have spurred Wells Fargo to claw back an additional $75 million in compensation from two executives over the banks’ use of fake customer accounts. But the investigation also shows the scandal goes much deeper and has gone on for far longer than previously known.

via Twitter

One HB 2 related boycott has come to an end. The NCAA announced Tuesday North Carolina can again host championship events. However, the league wrote the decision was a "reluctant one."

College sports do bring big money to the state. But have nowhere near the economic impact of boycotts by business.

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