Business

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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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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