Business

Local News
5:38 pm
Wed April 30, 2014

Goodbye, Bobcats. Now, Bring On The Hornets

Coach Steve Clifford at the Bobcats' postseason press conference on Wednesday.
Credit bobcats.com

The Charlotte Bobcats were swept out of the playoffs this week, but Coach Steve Clifford says the team achieved something this season it hasn’t had for a long time: relevancy.


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Local News
6:00 am
Tue April 29, 2014

Duke Energy Ranks Top 10 In Solar Generation, Twice

Duke Energy Renewables, a commercial subsidiary of the company (and not included in the rankings) owns a 20-megawatt solar farm in Dogwood, N.C.
Credit Duke Energy

Duke Energy’s Carolina utilities are top 10 in the nation for generating solar power, according to a new report released Monday.

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Local News
2:50 am
Mon April 28, 2014

Bank Of America Suspends Dividend Increase After Misreporting To Fed

Credit Julie Rose / WFAE

Bank of America has suspended its planned dividend increase, after the Federal Reserve found problems in data the bank reported during its most recent stress test.


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Local News
12:10 pm
Fri April 25, 2014

American Airlines Reports Record Profit After Merger

Credit Roger Sarow / WFAE

In its first quarter after merging, the combined American Airlines and US Airways reported record profits, despite brutal winter weather.


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Business
5:13 pm
Thu April 24, 2014

Postal Workers Fear Expansion Of Staples Pilot Program

Carol Bishop, a mail clerk at a post office in West Charlotte, says she's afraid she may lose her job if Staples expands their full-service counter to all of its stores nationwide.
Credit Tasnim Shamma

About two dozen Postal Service employees protested uptown today because they fear more of their work will be outsourced to Staples.

The protest was in response to a comment made by the Postmaster General, in which he said he was so pleased with a pilot program with Staples that he would like to see a post office counter in all 1,500 Staples stores.


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Local News
4:32 pm
Mon April 14, 2014

Lawmakers Consider Repeal Of Local Business Tax

Credit NC General Assembly

A plan moving through the state legislature could cost City of Charlotte coffers $8.5 million in local business taxes.


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Local News
5:08 pm
Fri April 11, 2014

Philip Morris Sells Concord Plant

The former Philip Morris plant off of U.S. 29 in Concord.
Credit Google Maps

The former Philip Morris plant in Concord has a new owner after sitting vacant for 5 years. It’s a company called Victory Industrial Park, LLC. But what that company plans to do with the property is less clear. WFAE’s Duncan McFadyen reports.


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Local News
4:27 pm
Thu April 10, 2014

Family Dollar Cutting Stores, Staff And Prices

Credit WFAE

Family Dollar is closing stores, cutting jobs and lowering prices in response to sinking profits. The Matthews-based company announced the changes Thursday.


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Local News
9:22 pm
Fri March 28, 2014

BMW Plans To Hire 800 At Its Spartanburg Plant

The BMW plant in Spartanburg is expanding yet again.  The company announced plans Friday to add 800 jobs to the facility over the next two years.  That will bring BMW’s total workforce there to 8,800.  

Twenty years ago BMW opened the plant in Spartanburg with 500 workers.  The company said its location between the Port of Charleston and I-85 made it ideal, plus South Carolina offers good technical training.  

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Local News
11:56 am
Wed March 19, 2014

Center City Partners Pushes For More Retail Uptown

Teresa Farson, co-owner of The Beehive.
Credit Duncan McFadyen

Uptown Charlotte is not the “ghost town” it was after business hours 25 years ago. Numerous bars and restaurants keep its streets busy well into the evening. But walk around uptown at any time and you won’t find many retail stores. WFAE’s Duncan McFadyen explains why, and what one group is trying to do to change it.


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