Business

Business
11:49 pm
Sun March 10, 2013

Lots Of Unknowns On Fracking's Future In North Carolina

Hardly a factor a decade ago, shale gas is projected to account for half of total natural gas production in the U.S. by 2040.
Credit U.S. Energy Information Administration

Horizontal drilling and hydraulic fracturing—or fracking—for natural gas in shale rock has radically changed the nation’s energy mix. Since the fracking boom began in 2008, the cost of natural gas has plummeted and supply has surged. The technique is banned in North Carolina, but a bill that passed last year and another currently making its way through the legislature would open the door.

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The Charlotte Observer
1:09 pm
Thu March 7, 2013

MetLife To Bring 2,600 Jobs To Charlotte And Cary

In what’s billed as the biggest jobs announcement in state history, Gov. Pat McCrory Thursday announced the arrival of 2,600 jobs with insurance giant MetLife, with half coming to Charlotte.

MetLife, America’s largest life insurer, would add jobs in Cary and Charlotte. MetLife, America’s largest life insurer, would add jobs in Charlotte and Cary by the end of 2015 in what will be a $125.5 million investment.

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Local News
4:35 pm
Mon March 4, 2013

Areva To Add 130 Jobs, Make Charlotte Its North American HQ

Governor Pat McCrory, Areva CEO Michael Rencheck and Mecklenburg County Commission Chairwoman Pat Cotham celebrate Areva's decision to make Charlotte its North American Headquarters.
Credit Julie Rose

Nuclear company Areva is moving its North American headquarters to the University area in Charlotte, where it already has more than 500 employees. The company plans to add another 130 jobs – mostly in engineering.

Areva CEO Michael Rencheck says Charlotte won out over Bethesda, Maryland and Lynchburg, Virginia.

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Developing
10:53 am
Thu February 14, 2013

How The US Airways Merger Will Affect Charlotte

Early indications are that Charlotte will remain a hub for air travel, with the merger of American Airlines and U.S. Airways.
Credit USAirways.com

  The early indication is that Charlotte’s airport is safe in the just-announced merger of US Airways and American Airlines. The new American Airlines will be the world's largest, with a value of 11 billion dollars and an extensive network of destinations.

When merging, airlines combine operations, which means reducing duplicative routes and changing presences in airports. US Airways operates about 90 percent of flights in and out of Charlotte-Douglas every day—it is the airline’s largest hub.

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Charlotte Talks
12:00 am
Thu February 14, 2013

Charlotte And Global Competitiveness

Credit CPCC

Decision makers around our region want Charlotte to be a leader in global commerce, and many have reason to be encouraged at the progress we've made toward that goal. Trade routes around the world are evolving, including here in our city, in the form of a major intermodal facility at Charlotte-Douglas International Airport. We'll talk about the changes Charlotte could benefit from in a world-wide shift in international trade and how the city's leaders are preparing it, all in advance of a summit at Central Piedmont Community College on the topic, when Charlotte Talks.

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Local News
4:50 pm
Tue February 12, 2013

N.C. About To Slash Unemployment Benefits, Raise Taxes

Credit Bytemarks/Flickr

A bill to drastically cut unemployment benefits and slightly raise business taxes has cleared its last major hurdle in North Carolina. Republicans behind it say it's going to be painful, but it's necessary to pay back the $2.5 billion the state owes the federal government for help paying unemployment insurance.

How did the state build up such a massive debt?

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Local News
4:19 pm
Tue February 5, 2013

Duke To Permanently Shutter Troubled Nuclear Plant In Florida

Duke Energy says it will shut down the Crystal River Nuclear Plant in Florida, rather than spend billions repairing it.
Credit Duke-energy.com

Duke Energy says it will close down a troubled nuclear plant in Florida – called Crystal River – rather than try to repair it at a cost of billions.  Making that decision has preoccupied Duke and its investors ever since the company merged with Progress Energy and inherited the Florida plant.  

"From the beginning of the merged company, the resolution of the nuclear plant issue has been among the company's top priorities, if not the company's top priority," says Duke Energy spokesman Mike Hughes. 

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Banks
9:31 am
Wed January 30, 2013

Regions Bank Ends Payday Loans In NC

Regions Bank, based in Birmingham, Alabama has been using a federal banking law to provide payday lending services, even though these types of loans are illegal in North Carolina.

But the bank recently announced that it will no longer offer its payday lending service to North Carolina residents because of the small number of eligible customers for the product in the state.

Since 2001, payday lending shops have been illegal in North Carolina. But that law doesn't apply to banks that are based outside the state.

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Charlotte Talks
12:00 am
Wed January 23, 2013

The Coming Prosperity: Entrepreneurs And The Global Economy

Philip Auerswald, author of 'The Coming Prosperity.'

In all the gloom and doom that surround talk of our global economy these days, our guest today, economist Philip Auerswald, sees a ray of hope. That hope lies in developing societies and in entrepreneurship, and possible pathways to what he calls "The Coming Prosperity." We'll talk with Mr. Auerswald about his book by that very name and about his optimistic look at the future of the global economy.

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Politics
9:25 am
Wed November 28, 2012

McCrory Speaks To Charlotte Chamber Of Commerce

Pat McCrory
Credit www.PatMcCrory.com

North Carolina’s next governor, Pat McCrory, spoke Tuesday night at the Chamber of Commerce’s annual meeting in Uptown. It was one of McCrory’s first public appearances since the election.

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