Business

Charlotte Talks
12:00 am
Mon June 17, 2013

Charlotte Region/China Connection

  Last month, mayors from North Carolina and Alabama cities and towns visited China to learn about ways that their municipalities can do business with China. Mayor Jill Swain of Huntersville came home with new knowledge and optimism about a future tie with China and our region. Now officials from China are visiting the Charlotte region to learn more about opportunities here. But this isn't just an isolated potential relationship. Business with China is on the rise in North Carolina and throughout the South. We'll talk with Chinese and Charlotte area officials about why the south and our region are attractive to Chinese business people and what kinds of ties may be formed in the future, when Charlotte Talks.

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Local News
4:00 pm
Wed June 5, 2013

Wingate MBA Programs Move To Ballantyne

Wingate University will relocate its MBA program from Matthews to the Ballantyne Corporate Park in August.
Credit Wingate University

Wingate University will move its MBA and graduate education programs to Ballantyne in August. The school has outgrown its current business-oriented campus in Matthews and is eager to tap the pool of potential students in Ballantyne Corporate Park, says Wingate vice president of graduate and professional programs Robert Supernaw.

"There are 13,000 employees in the corporate park and our sense is that if we provide coursework here in a very business-friendly environment that it'll be a win win," says Supernaw. "And it's just a gorgeous building."

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Local News
2:58 pm
Fri May 17, 2013

N.C., S.C. Unemployment Drops To Lowest Rate In Years

Credit Bytemarks/Flickr

North Carolina's unemployment rate has dropped to its lowest level in four years, and South Carolina's unemployment rate has declined to the lowest point in five years. That's according to figures released Friday for the month of April.

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Local News
8:29 pm
Thu May 9, 2013

Charlotte Sees Boom In Chinese Businesses

Members of the Carolinas Chinese Chamber of Commerce celebrate with local officials in 2012.
Credit Carolinas Chinese Chamber of Commerce

  Chinese business people from across the Carolinas will gather in Charlotte Saturday evening to celebrate the rapid growth of the Carolinas Chinese Chamber of Commerce and crown an inaugural set of award recipients. 


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Business
3:15 pm
Wed May 8, 2013

Bank Of America Shareholders Approve Executive Pay

Bank of America held its annual shareholders' meeting in Charlotte today. CEO Brian Moynihan began the meeting highlighting the company's financial gains. He says the company has seen large growth in deposits and credit card accounts and has helped close to 2 million homeowners avoid foreclosure. He says internally, the company has been able to reduce costs to more quickly increase payouts for its shareholders.

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Charlotte Talks
12:00 am
Tue April 30, 2013

Female Business Owners

Owning a business is an ambitious venture for anyone. But as a female business owner, there are particular challenges that one might face. In the late 1980s, women owned only ten percent of U.S. business. Now, women own forty percent of all privately-held firms. This considerable rise of women leaders has helped shift the business landscape and has opened up a wealth of opportunities for aspiring female entrepreneurs and small business owners. Two female Charlotteans started the company, Towne and Reese, and continue their rapid rise of success. A conversation about being a women and owning a business, when Charlotte Talks.

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Business
11:27 am
Tue April 23, 2013

Chinese IT Firm Calls Charlotte Home, Adds 200 Jobs

Pactera, an IT consulting firm based in Beijing announced today that it will add 200 jobs and make Charlotte its U.S. headquarters. During the announcement at the Charlotte Chamber of Commerce, they presented a video in Mandarin with English subtitles.
Credit Tasnim Shamma

 One of China's largest IT consulting firms, Pactera, announced Monday it's adding 200 jobs in Charlotte over the next few years and making the city its U.S. headquarters.


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Local News
12:43 pm
Fri April 19, 2013

Is Battery Program Environmentalism Or Profit For AAA Carolinas?

The heavy metals and acids in car batteries are extremely toxic to the environment, but those materials are also highly sought by scrap yards, recycling centers, and battery resellers.
Credit Derek Rankine / Flickr

Saturday is Earth Day, so it's the time of year when companies, non-profits, and advocacy groups urge you to do your part to save the environment. One example: AAA Carolinas has an annual promotion called the Great Battery Roundup, where the organization offers $5 for drivers to turn in used or junk car batteries. The program may have environmental benefits, although the going rate for used batteries is often more than double on the open market.


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Business
5:21 pm
Wed March 27, 2013

Foreign Investment Created 7,000 NC Jobs In 2011

North Carolina created more jobs in 2011 through out-of-state and international investment than any other place in the U.S., according to an annual report IBM produces for clients.


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Local News
8:37 am
Mon March 25, 2013

Defense Industry Starts To Feel The Sequester

Cleveland County defense contractor, Ultra Machines and Fabrication, will lay off as many as 100 employees in May due to cuts in federal contracts. It could be the first in a rising wave of job losses related to the sequester.

In the last three years, Ultra’s received $46 million in federal contracts—what that business, and most defense contractors rely on. But as the sequester and other federal budget cuts kick in, those contracts are drying up.

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