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Family Dollar Rejects Dollar General

Aug 21, 2014
Jennifer Lang / WFAE

Matthews-based discount chain Family Dollar announced Thursday morning it's rejected an attempted acquisition by rival Dollar General. Family Dollar is sticking with an earlier offer from Dollar Tree, even though that offers is $1.2 billion less. 

WASHINGTON Officials familiar with the deal say Bank of America has reached a record $17 billion settlement with federal and state authorities over its role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis.

The officials say the bank will pay $10 billion in cash and provide consumer relief valued at $7 billion.

They spoke with The Associated Press on condition of anonymity because the deal isn't scheduled to be announed until Thursday at the earliest.

The bank declined comment. 

Dollar General Starts Bidding War For Family Dollar

Aug 18, 2014
Jennifer Lang / WFAE

A bidding war is underway to buy Matthews-based retail discounter Family Dollar. A few weeks ago, Dollar Tree agreed to an $8.5 billion deal with Family Dollar.

On Monday, Dollar General CEO says his company is willing to pay $9.7 billion. Plus a $300 million break-up fee for Family Dollar to renege on its merger agreement. 


Brazilian Companies Bid For Chiquita

Aug 11, 2014
Jeremy Brooks https://creativecommons.org/licenses/by-nc/2.0/

Since March, Banana giant Chiquita has been preparing to merge with Fyffes, an Irish fruit company, to become the world’s largest banana seller. Today, Chiquita received an unsolicited, enticing offer from two Brazilian companies, which could potentially derail the deal.


Duke Energy/Flickr

Duke Energy earned more than $600 million in its second quarter this year, 80 percent more than last year.


Governor Pat McCrory has appointed an acting director of the State Bureau of Investigation. B.W. Collier is a 26-year veteran of the bureau, during which time he has served in a variety of roles, including drug investigator, pilot, and bomb squad commander. He was appointed director of Alcohol Law Enforcement last year.

The state budget signed by Gov. McCrory today transfers the SBI from the Department of Justice to the Department of Public Safety, where it will operate as an independent agency. 

A key General Assembly leader says North Carolina lawmakers are looking to return to Raleigh next week to take up some pending legislation. But House and Senate Republicans have agreed to nothing so far. 

Republican Paul Stam is the House's second highest-ranking member. He presided today over a skeleton meeting of the chamber to keep this year's work session going in keeping with the state constitution. 

Duncan McFadyen

The city of Charlotte is looking to regulate drivers for smartphone-based ridesharing services including Uber-X and Lyft. But taxi drivers say the proposed restrictions still give the companies an unfair advantage.

Goodwill Industries of the Southern Piedmont

Goodwill is announcing plans for a $20 million campus near Charlotte-Douglas International Airport. The campus will serve as Goodwill’s new regional headquarters and provide job training and social welfare programs.


Charlotte Premium Outlets

Charlotte's newest shopping mall complex, Charlotte Premium Outlets, will open its doors on Thursday morning. The mall has more than 100 stores and will host a four-day grand opening that's expected to draw large crowds -- and a lot of traffic -- near Steele Creek Road and I-485 in southwest Charlotte.  

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