Business

Business news and information from Charlotte and the Carolinas. 

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Tom Bullock/WFAE News

On Tuesday, Mayor Dan Clodfelter uttered six words that might change your internet service, "Google Fiber is coming to Charlotte."

Google Fiber is a high speed network that uses fiber optics instead of classic copper cables or microwaves to connect homes and businesses to the internet. All Things Considered host Mark Rumsey and WFAE’s Tom Bullock talk about the announcement and what it means for Charlotte consumers.

Google

Google has announced it will hold a press conference in Charlotte Tuesday afternoon.

So, what’s the big deal?

WFAE’s Tom Bullock is here to explain.

JeepersMedia / Flickr/https://creativecommons.org/licenses/by/2.0/

The Great Recession hobbled the U.S. economy and crushed many businesses, but some companies thrived, including the so-called "dollar" stores.

Shoppers flocked to them because you could buy a lot with not much money. And as the economy rebounds, people are still going to some. But one chain, Family Dollar, hasn't kept pace with its competitors.

Family Dollar Becomes Part Of Dollar Tree

Jan 22, 2015
Jennifer Lang / WFAE

Family Dollar will become part of Virginia-based Dollar Tree. The company’s shareholders this morning approved the $8.5 billion deal. The vote ends a months-long struggle for control of Matthews-based Family Dollar.

Courtesy of the US Department of Commerce

The U.S. Secretary of Commerce made a stop in Charlotte Wednesday. She answered questions from business leaders and students at a symposium in uptown. It was an event sponsored by the Charlotte Chamber of Commerce. Before she took the stage she sat down to talk with WFAE’s Tom Bullock.

Michael Tomsic

Art, the Panama Canal and the Charlotte economy intersected at the Mint Museum Uptown on Wednesday night. The museum’s exhibit featuring paintings of the canal’s construction 100 years ago served as a backdrop for a discussion of Charlotte’s role in the global shipping industry – and how that role is growing.

Duncan McFadyen

It was billed as a once in a decade opportunity, the chance to lure an international brand to relocate their worldwide headquarters to Charlotte. The pursuit was costly and controversial.

Chiquita's decision to leave Charlotte has been big news in state government – and rightly so.  After all, the state put up much of the roughly $22 million incentives package that convinced Chiquita to move from Cincinnati to Charlotte a few years ago, although most of those incentives have not been paid to the company.  

WFAE's Mark Rumsey discussed Chiquita's decision - and the state's use of incentives - with John Lassiter, a former Charlotte City Council member who now chairs the state's Economic Development Board.  


Julie Rose

Earlier today the 320 or so employees of Chiquita received an email which began “Dear Associate, We now embark on Chiquita’s next chapter.”

That’s how Chiquita told its workforce the company’s Uptown headquarters will be closed. This just three years after the company received an incentive package potentially worth more than $20 million to come to Charlotte and keep its worldwide headquarters here for 11 years. Now there are questions as to how much incentive money – and in what form the company has received. Tom Bullock joins All Things Considered host Mark Rumsey for the latest on this story.


Jeremy Brooks https://creativecommons.org/licenses/by-nc/2.0/

WFAE's Duncan McFadyen reports on the mixed reactions to Wednesday’s news that Chiquita plans to close its corporate headquarters in Charlotte.


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