Business news and information from Charlotte and the Carolinas. 

Duke Energy reported a nearly $100 million loss in the first quarter of this year—and its stock went up.

The loss comes from Duke selling its Midwest business—13 coal and natural gas plants—where it has less control over the price of electricity. The company estimates a $1.4 billion hit to its books. Other than the one-time loss, the company reported strong growth, partially due to a rebounding economy.

Governor Pat McCrory has sold his stock in Duke Energy, the company where he worked for nearly three decades. The sale came during a year when McCrory’s connections to Duke have been scrutinized.

Ben Bradford / WFAE

Duke Energy held its annual shareholder meeting Thursday. The meeting has developed into something of a tradition: environmental groups use it as a rare opportunity to face, question, and berate the CEO of one of America’s largest power companies. This year, with a new CEO at the helm and Duke under fire for its handling of coal ash, tensions ran higher than usual.

The Charlotte Bobcats were swept out of the playoffs this week, but Coach Steve Clifford says the team achieved something this season it hasn’t had for a long time: relevancy.

Duke Energy

Duke Energy’s Carolina utilities are top 10 in the nation for generating solar power, according to a new report released Monday.

Julie Rose / WFAE

Bank of America has suspended its planned dividend increase, after the Federal Reserve found problems in data the bank reported during its most recent stress test.

Roger Sarow / WFAE

In its first quarter after merging, the combined American Airlines and US Airways reported record profits, despite brutal winter weather.

Postal Workers Fear Expansion Of Staples Pilot Program

Apr 24, 2014
Tasnim Shamma

About two dozen Postal Service employees protested uptown today because they fear more of their work will be outsourced to Staples.

The protest was in response to a comment made by the Postmaster General, in which he said he was so pleased with a pilot program with Staples that he would like to see a post office counter in all 1,500 Staples stores.

NC General Assembly

A plan moving through the state legislature could cost City of Charlotte coffers $8.5 million in local business taxes.

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The former Philip Morris plant in Concord has a new owner after sitting vacant for 5 years. It’s a company called Victory Industrial Park, LLC. But what that company plans to do with the property is less clear. WFAE’s Duncan McFadyen reports.