Business

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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Local News
10:07 am
Fri March 14, 2014

Want Google Fiber? Why Wait? Shelby Company Says It Has Wired The State

Credit RST Fiber

Google is still considering if it will bringing its ultra-high speed internet to cities like Charlotte. But if you don’t want to wait, you may not have to. This week, a small North Carolina Company announced it has already built a similar fiber optic network across the entire state. The company is called RST Fiber and we take a look at what they offer and one of the men behind it.


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Local News
3:59 pm
Mon March 10, 2014

Merger Means Charlotte Will Share Chiquita With Dublin

Credit Julie Rose

Chiquita's merger with an Irish produce company will have a minimal impact on the number of jobs the banana giant keeps in Charlotte. The company currently employs about 300 people at its headquarters in uptown.


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Local News
9:19 pm
Thu March 6, 2014

Movie Studio At Eastland Mall Site Appears Dead

Eastland Mall in 2013, before demolition.
Credit Julie Rose

The future of the Eastland Mall site appears to be up in the air again. City staff have recommended against extending an exclusive contract with Studio Charlotte, the company that wants to turn the 80-acre property into film and TV studios. WFAE’s Duncan McFadyen reports.


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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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