Business

Local News
9:35 am
Thu July 24, 2014

Sealed Air Corporation Bringing 1,262 Jobs (And Bubble Wrap) To Charlotte

Governor Pat McCrory shares a laugh with Sealed Air CEO Jerome Peribere.
Credit Michael Tomsic

The company behind Bubble Wrap is popping in nearly 1,300 jobs in Charlotte. Sealed Air Corporation announced Wednesday it's moving its headquarters here from New Jersey. The Fortune 500 company could eventually get more than $41 million in state and local incentives.

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Local News
12:19 pm
Wed July 16, 2014

Legal Bills Hurt Bank Of America Again In Q2

Credit Julie Rose / WFAE

Bank of America announced its second quarter earnings Wednesday morning. The nation’s second-largest bank returned to earning a profit, but missed analysts’ expectations, as it still feels the effect of bad mortgages.


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Local News
8:34 am
Mon July 14, 2014

Teaching Farmers How To Farm In Concord

Joe Rowland joined Lomax as a farmer-in-training in 2010. He now owns an 18-acre poultry and produce farm in Gold Hill.
Tasnim Shamma

Say you want to become a farmer. If you didn't grow up on a farm, where do you start? In Cabarrus County, you can go to farm school.

The Elma C. Lomax Incubator Farm was launched in 2009 to give first-generation farmers an opportunity to learn the trade.

And earlier this month, it was the subject of a funding controversy that led to the organic farm being shut down for a week in the middle of the growing season.

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Local News
2:17 pm
Sun July 13, 2014

World Cup Fandom Hurts GDP Growth, UNCC Economist Finds

Credit adidas.com

Two soccer powerhouses, Germany and Argentina, will compete this weekend in the World Cup final. The tournament is the most watched sporting event on Earth, but that passion may have negative economic ramifications, a UNC Charlotte economist has found.

  

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Local News
4:51 pm
Fri July 11, 2014

Wells Fargo Diversifies To Offset Decline In Home Lending

Credit Wikipedia

Wells Fargo’s profits were up for the second quarter. The bank is reporting net income of $5.73 billion. WFAE’s Duncan McFadyen reports the company is trying to diversify in order to make up for a decline in its mortgage business.


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Local News
10:53 am
Fri July 11, 2014

York County vs Evangelicals: The Battle Over 'Heritage USA' Ruins

The Heritage Tower, one of the few lasting symbols of the religious theme park built by Jim and Tammy Faye Bakker in 1980s, still stands unfinished in Fort Mill, SC.
Credit IllicitOhio.com

If you’ve been in the area long enough, you’ll remember Jim and Tammy Faye Bakker, the televangelists who built a sprawling religious theme park in Fort Mill in the 1980s. A scandal led to the park closing its doors. Now, a new evangelical ministry is hoping to restore parts of the old theme park, but as WFAE’s Nick de la Canal reports, there’s a fear that history may repeat itself.


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Local News
8:00 am
Fri July 4, 2014

Forbidden Fireworks: To Get The Good Stuff, Head To South Carolina

Credit Nick de la Canal / WFAE

Fireworks will light the Charlotte skyline tonight in what’s billed as the southeast’s largest fireworks show. There will also be plenty of unofficial fireworks displays on rooftops and in backyards across the region. It’s not legal to buy aerial explosives in North Carolina, so to get the good stuff, North Carolinians are streaming across the border this week.


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Local News
3:50 pm
Thu July 3, 2014

Icahn Exercises Option And Buys 9.4% Stake In Family Dollar

Credit WFAE

Billionaire activist investor Carl Icahn Wednesday exercised his stock options and became Family Dollar’s largest shareholder. The stock price for the Matthews-based company has gone up 8 percent since Icahn started pushing for a sale.


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Local News
9:09 am
Mon June 16, 2014

New Solar Projects Fall, Set To Rise, Probably Dip Again

Credit Mike Linksvayer / Flickr

North Carolina fell a bit in the most recent rankings of solar energy production across the nation but despite the dip, the solar landscape still looks strong, at least this year.


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Business
12:11 am
Thu June 12, 2014

Are NC Film Incentives Worth It? Part 2: Running The Numbers

Filming of Iron Man 3 in Wilmington. The blockbuster was the first film in North Carolina to hit the $20 million dollar film incentive cap.
Credit Courtesy of the Wilmington Film Commission

The curtain is poised to come crashing down on North Carolina’s film incentive.

Wednesday, the House Finance Committee adopted a plan which would slash the amount a production company could receive, from $20 million to five million.

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