Business

Local News
10:01 am
Sat October 19, 2013

Charlotte Airport Security Checkpoint Gets A Makeover

Duncan McFadyen WFAE

Travelers flying out of Charlotte Douglas airport this week may notice something different when they go through security. The airport has contracted with a company to make Checkpoint E more comfortable.


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Local News
12:27 pm
Wed October 16, 2013

BofA Plods Toward More Basics, Less Risk

Bank of America continues its steady plod toward a more boring future focused on banking basics, rather than the risky behaviors that drove profits during the high-flying years.

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Technology & Digital Life
5:39 pm
Tue October 15, 2013

Tech Company Yodle Expands In Charlotte

Employees gather outside at the opening of Yodle's new offices in Charlotte.
Credit Ben Bradford / WFAE

The online marketing firm Yodle plans to double its Charlotte workforce to about 250 people. The company opened its new offices today in the University area with room to hold the new employees. That may seem unremarkable, but it is unusual for Charlotte.


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Technology & Digital Life
10:04 am
Wed October 9, 2013

Banks Get Closer To An Actual, 'Automated Teller'

Bank of America's new ATM allows a virtual teller to speak with the user.
Credit Ben Bradford / WFAE

ATMs first appeared on street corners more than four decades ago and their basic function has remained relatively the same since.

“It’s like a bank that never closes,” a commercial for United California Bank announced in the 1980s, when ATMs were growing more common. “It makes your life a little easier, because anytime, any day of the year, it takes deposits and gives you cash.”

But to save on cost and attract a younger, plugged-in generation of customers, banks are finding new uses for the ATM that will change how we get our money.

WFAE's Ben Bradford reports on new ATMs and branches, and speaks with a "virtual teller."

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Local News
5:06 pm
Wed October 2, 2013

Utilities Help Ready Sites For Industry

The speculative building in Rock Hill being bought by German automotive adhesive tape manufacturer Coroplast.
Credit Rock Hill Economic Development

The German automotive adhesive manufacturer Coroplast announced Tuesday that Rock Hill will be the site of its first U. S. plant. Over the next five years, the company plans to invest $12 million and create 150 jobs in York County, S. C. Economic development leaders say it takes a lot of work to recruit companies like Coroplast. And sometimes, utility companies step up to help. 


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Local News
4:19 pm
Wed October 2, 2013

Low-Wage Jobs Lead Charlotte, Hickory Recovery

The unemployment rate in the Charlotte and Hickory metro areas declined about one percent in August. That's according to state Commerce Department data released Wednesday.

In Charlotte, the rate is down to 8.3 percent, while in Hickory, the rate fell to 9.1 percent. But the job growth over the past year has been concentrated in one of the lowest-paying industries. Allan Freyer is an analyst for the N.C. Budget and Tax Center, a research organization.

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Local News
5:00 pm
Thu August 29, 2013

Paying For Film, Part 3: How NC Compares

Thirty productions claimed tax credits last year for filming in North Carolina, including some blockbusters like Iron Man 3 and the Hunger Games. Charlotte has become home to a couple of successful TV shows: Homeland and Banshee. By all accounts, the Hollywood business is booming here. But there's a dark cloud on the horizon – come the end of next year, North Carolina's film incentives program is set to expire. 

That prompted WFAE to take a close look at what filming brings to the state, and what it costs us to get those films here. Our two part series wrapped up Thursday morning and WFAE reporter Julie Rose joined host Mark Rumsey to answer a few questions.

WFAE's Julie Rose speaks with All Things Considered Host Mark Rumsey about how NC's film incentives program compares to other states.

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Local News
9:19 am
Thu August 29, 2013

Paying For Film, Part 2: What We're Spending

All three seasons of Showtime's TV series Homeland have filmed in Charlotte.

One billion dollars.  That's what production companies have spent filming in the state since 2007.   

Now here's another number: $100 million.  That's about how much the state has paid those companies in incentives in that time. 

Good deal, right? Spend $100 million to get one billion?  But there's more to the story.


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Local News
2:52 pm
Mon August 26, 2013

In Carolinas, Heavy Rains Wash Out Farmers' Crops

Tomatoes stick in the mud at Barbee Farms in Concord, N.C.
Credit Michael Tomsic / WFAE

Rotten peaches, drowned tobacco, moldy wheat and waterlogged watermelons.

Those are a few examples of how heavy rains in the Carolinas are decimating crops. Farmers are dealing with some of the wettest weather they've ever had, and all that rain is washing out a sizable chunk of the Southern economy.


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Local News
9:10 am
Fri August 23, 2013

Concord Hopes Allegiant Air Will Fuel Airport Expansion

Allegiant Airlines will begin flying twice-weekly to Orlando out of Concord Regional Airport on December 20, 2013.
Julie Rose

TSA screening and general passenger traffic are coming to the small, city-owned Concord airport.  It's a major step for an airport that has been, to this point, frequented mainly by NASCAR teams on private planes.


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