Business news and information from Charlotte and the Carolinas. 


Family Dollar is closing stores, cutting jobs and lowering prices in response to sinking profits. The Matthews-based company announced the changes Thursday.

The BMW plant in Spartanburg is expanding yet again.  The company announced plans Friday to add 800 jobs to the facility over the next two years.  That will bring BMW’s total workforce there to 8,800.  

Twenty years ago BMW opened the plant in Spartanburg with 500 workers.  The company said its location between the Port of Charleston and I-85 made it ideal, plus South Carolina offers good technical training.  

Duncan McFadyen

Uptown Charlotte is not the “ghost town” it was after business hours 25 years ago. Numerous bars and restaurants keep its streets busy well into the evening. But walk around uptown at any time and you won’t find many retail stores. WFAE’s Duncan McFadyen explains why, and what one group is trying to do to change it.

RST Fiber

Google is still considering if it will bringing its ultra-high speed internet to cities like Charlotte. But if you don’t want to wait, you may not have to. This week, a small North Carolina Company announced it has already built a similar fiber optic network across the entire state. The company is called RST Fiber and we take a look at what they offer and one of the men behind it.

Julie Rose

Chiquita's merger with an Irish produce company will have a minimal impact on the number of jobs the banana giant keeps in Charlotte. The company currently employs about 300 people at its headquarters in uptown.

Julie Rose

The future of the Eastland Mall site appears to be up in the air again. City staff have recommended against extending an exclusive contract with Studio Charlotte, the company that wants to turn the 80-acre property into film and TV studios. WFAE’s Duncan McFadyen reports.

Lisa Miller / WFAE

Alpacas—the smaller, South American cousins of the llama—provide fleece for all kinds of knitted goods. The number of alpacas, and alpaca farms, has steadily grown since Americans began importing the animal for its fleece in the 1980s. North Carolina is part of this trend even though its climate is not ideal for alpacas.

Julie Rose

You may be seeing more cars with those fuzzy pink mustaches attached to their grilles in the coming weeks. The app-based ride sharing service Lyft has expanded its coverage area in Charlotte to include most of the metro area, including Charlotte-Douglas airport. WFAE’s Duncan McFadyen reports it’s the first major ride-sharing service to start picking up passengers at the airport.

Duke Energy reported a 58 percent jump in profits in its fourth quarter earnings, partially due to lower costs and higher rates.

Courtesy of the Charlotte Business Guild

The Charlotte Business Guild has always been a network for LGBT businesses owners and supporters since its start more than 20 years ago. Now, the group is looking to become affiliated with the National Gay and Lesbian Chamber of Commerce. The move signifies a shift in strategy for the organization.