David Paul Ohmer/flickr

The Securities and Exchange Commission has charged an investment banker at Wells Fargo with leading an $11 million insider trading ring while he worked in Charlotte.

John Femenia had access to a lot of confidential information through his job at Wells Fargo. He’s an investment banker (or at least was), and he got the scoop on several mergers because his bank helped with the financing.

That information is as good as money. Mergers often drive a company’s stock price up, so if you buy it before that happens – you're setting up for a nice profit.

Local Teens Will Serve In Senegal Through YMCA

Nov 15, 2012
Tasnim Shamma

Deonte Howard is a sophomore at West Mecklenburg High School. His mom had some good news to share with him a few months ago.

"When my mom called me about the interview, said that I passed, I can tell she was crying," Howard says. "I was like, 'Wow, I'm actually going to Africa.'"

Howard, 16, is one of four high school students from Charlotte selected for the nine-day trip to West Africa through the YMCA of Greater Charlotte's Global Service Learning Project. This will be his first time outside of North America. 

flickr/Todd Austin

In the late 1990s, there were what were called "Crystal Meetings". Top executives from ten Asian-based tech companies met in hotels and bars in Taiwan to set the price of LCD screens.  In other words, price-fixing.

Michael Tomsic

In Charlotte, the Latin American Coalition is aiming to put its mark on the policies that follow the election. That's after Latino voters played a key role in reelecting President Obama, accounting for about one out of every 10 ballots cast nationwide and voting overwhelmingly for the president.

Mary Espinosa is a U.S. citizen, but some of her family members are not. That was the biggest thing on the 18-year-old’s mind as she walked into the polls this year to vote for the first time.

Tanger Outlets

Tanger Outlets is building a big, new shopping center in southwest Charlotte. The Greensboro-based retail company said the outlet will bring hundreds of jobs and new tax revenue to the area.

If you’re a shopper, the draw of a new outlet center with about 90 stores is pretty obvious. But what about if you’re not?

Tanger Outlets’ Vice President of Development Charles Worsham said it’ll also bring benefits to southwest Charlotte that go beyond finding that perfect dress, jacket or pair of shoes.

DNC Fundraisers Came Up $12.5M Short

Oct 18, 2012

The Charlotte host committee of the DNC has revealed it came up $12.5 million short of its fundraising goal for the convention and was forced to tap a line of credit guaranteed by Duke Energy. 

WFAE's Julie Rose has been pouring through documents filed with the Federal Election Commission late last night and joins All Things Considered Host Mark Rumsey to share some analysis.

Julie Rose

Charlotte officials say this gift from the Federal Transit Administration is the single largest federal grant the city's ever received: $580 million.

FTA Administrator Peter Rogoff traveled from D.C. to bring news of what city leaders have expected for several months now.

That hasn't always been the case, though.

"This project was on life support back in 2009," says Mayor Anthony Foxx.

Michael Tomsic

Nation of Islam leader Louis Farrakhan was in Charlotte on Sunday to help commemorate the 17th anniversary of the Million Man March. He was scheduled to address poverty. He ended up delivering a speech filled with race-based rhetoric.

Louis Farrakhan let people know up front he was going to veer off topic. He had other things to say because of the election and the recent Democratic National Convention in Charlotte.

For example, here’s his theory on why the Republican Party opposes President Obama:

Why Did The Deer Cross The Road?

Oct 11, 2012
Gail Gillies

A portion of I-277 was closed Thursday morning by Charlotte Mecklenburg Police when a deer was stranded in the middle of the roadway.

Teams Pull 50-Ton Airplane For Charity

Oct 9, 2012
Tasnim Shamma

Fifteen feet doesn’t sound like a lot, unless you’re pulling a 50-ton airplane. And that’s exactly what teams lined up to do at the U.S. airways hangar in Charlotte this morning. They weren’t there just to show off which team had the largest biceps. The goal was to raise money for United Way of Central Carolinas.

There were 26 teams of 20 employees, but Freight Flyers was the most anticipated team. After all, they’re the defending champs.