Business

Business news and information from Charlotte and the Carolinas. 

Duke Energy saw earnings fall last year, and it expects lower earnings than analysts have projected next year. Still, many on the company’s earnings call Wednesday were upbeat.


NC Justice Center

Governor Pat McCrory wants lawmakers to give his administration more money to lure businesses to the state. The state’s main fund, the Job Development Investment Grant program, is nearly out of money. But, a new report from the liberal North Carolina Justice Center argues the JDIG program is ineffective. WFAE’s Ben Bradford joined All Things Considered host Mark Rumsey.


REC Solar

Duke Energy has expanded its investment in solar energy, and will enter a new facet of the industry: solar panels on the roofs of businesses.


Duncan McFadyen

Chiquita has notified state officials the company will close its Charlotte headquarters slightly earlier than expected, with layoffs to begin in two months.


The sale of Matthews-based Family Dollar to its rival Dollar Tree could take longer and require more store closures than the companies previously announced.

Dollar Tree had said it expected to close 300 stores to win federal approval of the deal and allay any concerns about creating a monopoly in some markets. But, in a filing Tuesday, the company says the Federal Trade Commission is reviewing more than 500 stores for possible closure, with more possible.

Tasnim Shamma

Household appliance-maker Electrolux, whose North American headquarters is in Charlotte, reported an 18 percent increase in global profits last year. But in its earnings report Wednesday morning, Electrolux noted its North American profits were down compared to 2013.

Tom Bullock/WFAE News

On Tuesday, Mayor Dan Clodfelter uttered six words that might change your internet service, "Google Fiber is coming to Charlotte."

Google Fiber is a high speed network that uses fiber optics instead of classic copper cables or microwaves to connect homes and businesses to the internet. All Things Considered host Mark Rumsey and WFAE’s Tom Bullock talk about the announcement and what it means for Charlotte consumers.

Google

Google has announced it will hold a press conference in Charlotte Tuesday afternoon.

So, what’s the big deal?

WFAE’s Tom Bullock is here to explain.

JeepersMedia / Flickr/https://creativecommons.org/licenses/by/2.0/

The Great Recession hobbled the U.S. economy and crushed many businesses, but some companies thrived, including the so-called "dollar" stores.

Shoppers flocked to them because you could buy a lot with not much money. And as the economy rebounds, people are still going to some. But one chain, Family Dollar, hasn't kept pace with its competitors.

Family Dollar Becomes Part Of Dollar Tree

Jan 22, 2015
Jennifer Lang / WFAE

Family Dollar will become part of Virginia-based Dollar Tree. The company’s shareholders this morning approved the $8.5 billion deal. The vote ends a months-long struggle for control of Matthews-based Family Dollar.

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