Business

Local News
12:19 pm
Wed July 16, 2014

Legal Bills Hurt Bank Of America Again In Q2

Credit Julie Rose / WFAE

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.


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Local News
2:17 pm
Sun July 13, 2014

World Cup Fandom Hurts GDP Growth, UNCC Economist Finds

Credit adidas.com

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.

  

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Local News
4:51 pm
Fri July 11, 2014

Wells Fargo Diversifies To Offset Decline In Home Lending

Credit Wikipedia

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.


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Local News
3:50 pm
Thu July 3, 2014

Icahn Exercises Option And Buys 9.4% Stake In Family Dollar

Credit WFAE

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.


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Local News
9:09 am
Mon June 16, 2014

New Solar Projects Fall, Set To Rise, Probably Dip Again

Credit Mike Linksvayer / Flickr

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.


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Business
12:11 am
Thu June 12, 2014

Are NC Film Incentives Worth It? Part 2: Running The Numbers

Filming of Iron Man 3 in Wilmington. The blockbuster was the first film in North Carolina to hit the $20 million dollar film incentive cap.
Credit Courtesy of the Wilmington Film Commission

The curtain is poised to come crashing down on North Carolina’s film incentive.

Wednesday, the House Finance Committee adopted a plan which would slash the amount a production company could receive, from $20 million to five million.

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Local News
8:14 pm
Wed June 11, 2014

NC Senate Passes Airport Commission Bill

Credit Chris Ford / Flickr

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.


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Business
9:35 am
Wed June 11, 2014

Are NC Film Incentives Worth It? Part 1: How They Work

A chair on set of CBS's "Under The Dome"
Credit Courtesy of EUE/Screen Gems

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.

Since the program began it has been hugely successful. But the film incentive program is controversial. In Raleigh there is a movement to change the program or let it sunset at the end of this year.

This week, we take 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.

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Local News
3:45 pm
Wed June 4, 2014

Lawmakers Try To Rally Support For Film Funds

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. 

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Local News
5:35 am
Fri May 23, 2014

Matthews Company Makes Life-Saving Food For UNICEF, USAID

A child in Rwanda eats a packet of MANA.
MANA Nutrition

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.


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