Business

Local News
10:07 am
Mon February 24, 2014

North Carolina's Alpaca Scene

A visitor to the 8th Annual Carolina Alpaca Celebration stares at one of the convention's alpacas--which stares back.
Credit 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.

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Local News
6:36 am
Wed February 19, 2014

Ride-Sharing App Lyft Expands Service Area To Include Airport Pickups

A Charlotte Lyft car with its signature fluffy pink mustache.
Credit 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.


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Local News
1:25 pm
Tue February 18, 2014

Duke Earnings Up In 4th Quarter

Duke Energy building, Charlotte, N.C.

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


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Business
4:48 pm
Wed January 29, 2014

Charlotte's Business Guild Changes Strategy To Serve LGBT Members

Credit 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. 


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Local News
4:43 pm
Wed January 29, 2014

Bank Of America Backs Incubator Program For Financial Tech Startups

Charlotte business incubator Packard Place is launching a new program for financial tech startups. Its goal is to find innovative technologies for all aspects of the financial services industry, from consumer banking to corporate finance. WFAE’s Duncan McFadyen reports Bank of America has signed on as the program’s top sponsor.


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Business
9:13 am
Tue January 21, 2014

Family Dollar Profits Drop As Core Customer Struggles

Family Dollar, based in Matthews, has 8,000 stores in 46 states. The company plans to add 525 stores by the end of the year.
Credit WFAE

Matthews-based discount chain Family Dollar started to report record profits about 5 years ago when the country was in a recession.

And now as the economy is recovering, the company seems to be having a bit of trouble holding on to customers it gained during the leaner times. 

But Family Dollar's recent decrease in profits is a little more complicated than that.

In a conference call this month, Family Dollar CEO Howard Levine told investors an economic recovery is underway:

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Business
9:58 pm
Fri December 20, 2013

Electrolux Announces 810 New Jobs, $85M Investment In Charlotte

Jack Truong, CEO of Electrolux Major Appliances North America, announced the company will add 810 jobs by 2017.
Credit Tasnim Shamma

Appliance Maker Electrolux announced it will add more than 800 jobs with the expansion of their U.S. corporate headquarters in Charlotte. Electrolux says it will also invest more than $85 million toward construction costs for the expansion.


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Local News
1:25 pm
Wed December 18, 2013

Cabela's Announces Plans For Fort Mill Store

A rendering of the Cabela's store planned for Fort Mill, S.C.
Cabela's

If you like to hunt, fish, hike, or camp, you’re probably familiar with Cabela’s. But right now, the closest Cabela’s store is in West Virginia. The company announced Wednesday that that's about to change.

Cabela's is buying 20 acres in Fort Mill, just off of I-77 near Carowinds, where it plans to build a new store.

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Around the Nation
6:16 pm
Fri December 13, 2013

States Settle Into Wooing War With Bids For Boeing Plane Plant

Originally published on Fri December 13, 2013 6:56 pm

Transcript

AUDIE CORNISH, HOST:

Negotiations between Boeing and the machinists union in Washington State broke down again last night. The union rejected Boeing's latest contract offer. The deal would've guaranteed that production of the new 777X airplanes would stay in the Seattle area. Now, the aerospace giant may be taking those planes and thousands of jobs elsewhere.

Other states are eagerly courting them. But Michael Tomsic of member station WFAE in Charlotte reports that landing the aerospace company won't come cheap.

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Local News
11:39 am
Thu December 12, 2013

Improving Economy In Lincoln County Means Less State Money To Lure New Companies

Credit Lincoln County, N.C.

Lincoln County’s economy is improving. Unemployment is down and incomes are up. But, that prosperity also means less state money can go toward luring new jobs. WFAE’s Duncan McFadyen explains.


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