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NC Wine and Grape Council

North Carolina’s wine industry recently got a PR boost with a federally-designated, AVA wine district. AVA stands for American Viticultural Area and the new wine region is in the Appalachian High Country AVA.  


322807Photo by Sean Gardner/NASCAR via Getty Images

Driver Jimmie Johnson cemented his place in NASCAR history Sunday night by winning his seventh championship. But NASCAR's playoffs struggled with TV ratings this year.

Jimmie Johnson sealed off his competitors on the final lap and raced his way into the record books.

Mergent Inc., a small financial information company based in Fort Mill, is being sold to the London Stock Exchange.

Terms of the deal announced Monday weren't disclosed. It means a payoff for the private company's lead investor, Carousel Capital of Charlotte.

Charlotte City Council members Monday evening will consider a proposed redevelopment project near Dilworth - a plan that includes more than $4 million in public funding. 

Updated 2:34 p.m.
Duke Energy says its response to Hurricane Matthew last month could end up costing about $200 million. That news came as CEO Lynn Good told Wall Street analysts the company's latest quarterly profits were up.

The nation's largest utility said warmer summer weather boosted energy use - and profits - during the quarter that ended Sept. 30.  Cost-cutting also helped lift profits to just under $1.2 billion dollars, up from $932 million a year earlier.

An Alcoa dam on Badin Lake.
Julie Rose / WFAE

The battle over hydroelectric dams on the Yadkin River is about to go another round. The state of North Carolina asked the Federal Energy Regulatory Commission Monday to reconsider  approval of Alcoa Inc.'s dam operating license.

Wells Fargo CEO John Stumpf To Retire

Oct 12, 2016
Mark Hames / Charlotte Observer

(Charlotte Observer)

Embattled Wells Fargo Chairman and CEO John Stumpf is stepping down from the bank he has led for nearly a decade, following intense scrutiny over a fake accounts scandal that erupted last month.

The North Carolina Utilities Commission has approved Duke Energy's $6.7 billion purchase of Piedmont Natural Gas - the final approval needed for the merger. The companies said Thursday they expect to close the deal on Monday, Oct. 3.

diners at Essex Charlotte
David Boraks / WFAE

Businesses around Charlotte saw sales drop during last week's protests over the shooting death of Keith Scott. But now that a curfew has been lifted and the weekend is approaching, they're hoping for a rebound.

Violence during the first night of protests uptown last Wednesday left some hotels, stores and restaurants, including those around the EpiCentre, with broken windows and other physical damage.

But the week of protests also scared away customers, causing financial damage that most are still recovering from.  

jacreative / Flickr/https://creativecommons.org/licenses/by/2.0/

Fintech is a new word to most. It represents the intersection of finance and technology and Charlotte is seen as a place for huge possibilities in fintech due to our status as a banking hub.  We find out more about this new industry, how our pool of bankers-turned-entrepreneurs is helping fintech to grow here and how one Charlotte company is trying to get banking and members of the creative class to work together.

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