Business

Business news and information from Charlotte and the Carolinas. 

Podcast

RSS

Ways to Connect

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.

Architect's drawing of the planned InterContinental Hotel, above a renovated Carolina Theatre at Sixth and Tryon streets in Charlotte.
Foundation for the Carolinas

The long-awaited renovation of the Carolina Theatre in uptown Charlotte is scheduled to begin in May. That's according to the Foundation for the Carolinas, which owns the property. The foundation also announced Tuesday it has investors lined up for a luxury hotel to be built above the theater.

The site of the former Eastland Mall on Central Avenue at Albemarle Road.
Davie Hinshaw / Charlotte Observer

Charlotte City Council members will vote Monday evening on a potential next step in the ongoing effort to redevelop the old Eastland Mall site.  The mall was once a retail and social hub in Charlotte, but major anchor stores started leaving the mall about a decade ago.

Jesus Pina assembles a tiramisu cake at Las Delicias Bakery on Central Avenue in Charlotte. Business there is down since President Trump's January immigration orders.
David Boraks / WFAE

Business leaders in the region's immigrant communities say President Trump's tougher line on immigration is having a chilling effect on businesses and the broader economy. Fear and uncertainty are keeping some shoppers home and threatening to dampen investment in immigrant businesses - one of the fastest growing parts of the economy.

Manufacturers are waiting to see if President Donald Trump follows through on threats to slap new import fees on U.S. companies with factories in Mexico. That includes Charlotte-based Nucor, the largest U.S. steelmaker, which says it’s moving ahead with a plant in central Mexico.  

File Photo / Nick de la Canal

Two of Donald Trump's promises have caught the attention of employers in the agriculture industry. First his promise to deport millions of immigrants in the country illegally, and second, his promise to investigate visa programs that bring foreign workers into the U.S.

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.

Pages