Business

Local News
5:43 pm
Mon August 11, 2014

Brazilian Companies Bid For Chiquita

Credit 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.


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Local News
2:01 pm
Thu August 7, 2014

Warm Weather, Higher Rates Bolster Duke Energy Profits In Q2

Credit Duke Energy/Flickr

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


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Local News
11:40 am
Thu August 7, 2014

Headline Roundup: McCrory Appoints SBI Acting Director

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. 

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Local News
11:57 am
Wed August 6, 2014

Lawmakers Could Return To Raleigh Next Week

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. 

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Local News
5:01 am
Wed August 6, 2014

Taxi Drivers Want Tough Regulation Of UberX And Lyft

Taxi drivers and cab company owners crowd into the Passenger Vehicle For Hire Board meeting room, August 5, 2014.
Credit 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.

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Local News
3:19 pm
Tue August 5, 2014

Goodwill Unveils Plans For $20 Million Charlotte Campus

David Haggart, co-chair of the Goodwill Opportunity Campus Capital Campaign, greets guests at the future site of the campus.
Credit 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.


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Transportation
4:32 pm
Mon July 28, 2014

Charlotte Premium Outlets Will Provide Shuttles For Grand Opening

Credit 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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Local News
2:57 pm
Mon July 28, 2014

How Much Will Icahn Pocket In Family Dollar Sale? (Hint: A lot)

Activist Investor Carl Icahn
Credit Courtesy of Carl Icahn's Twitter page

How much is it worth to get your way? Sure, bragging rights and a sense of satisfaction may be priceless, but few would turn down the check billionaire investor Carl Icahn is set to get now that Dollar Tree intends to purchase Family Dollar for $8.5 billion.

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Charlotte Observer
9:24 am
Mon July 28, 2014

Dollar Tree To Acquire Matthews-based Family Dollar For $8.5 Billion

Credit Jennifer Lang / WFAE

Dollar Tree, the nation’s leading discount variety store, announced Monday morning that it is buying Matthews-based Family Dollar Stores Inc.

The cash-and-stock deal has a value of $8.5 billion, company officials said. It heads off a potentially long and ugly proxy fight with activist investor Carl Icahn, who has been pushing to force a sale of the company.

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Local News
11:52 am
Thu July 24, 2014

NC Solar Industry In Jeopardy If Utilities Get Their Way

Sheep graze at Ararat Solar Farm in Mount Airy.
Credit Ben Bradford / WFAE

In the span of five years, the solar industry in North Carolina has grown from nearly non-existent to fourth-largest in the nation, behind California, Arizona, and New Jersey. The pace is accelerating, with solar capacity set to more than double in the state, at least this year. The state’s powerful electric utilities are pushing changes that could blot out the industry in North Carolina.


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