Lowe's

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Lowe’s home improvement company offers its employees an eye-catching benefit: certain major surgeries at prestigious hospitals are free of charge. Leaders of the Mooresville-based company are so happy with the program they’ve expanded it each of the past two years. They pull it off using a payment model that’s gaining steam across the health care industry - and that Lowe’s helped pioneer.

www.lowes.com

Lowe's increased its profit for the most recent quarter by 26 percent compared to the same period a year ago. The earnings report for the Mooresville-based home improvement company beat analyst expectations.

Although the overall retail market has been weak lately, Lowe's earnings show a growing number of consumers willing to upgrade appliances, renovate decks and take on other home projects.

On a call with investors, CEO Robert Niblock said the company's same-store sales in the U.S. increased 5 percent compared to the same quarter a year ago.

One of the Charlotte area's largest companies, Lowe's, is growing its profits but not as much as analysts want.

The home improvement giant reported a profit of more than $1.1 billion for its most recent fiscal quarter. That's an 8 percent increase over the same period (May through July) a year ago.

Lowe's CEO called the results "solid," and highlighted particularly strong growth in appliances and outdoor power equipment.

Courtesy of the the Center for Political Accountability and the Zicklin Center for Business Ethics Research

The amount of corporate money pumped into politics has surged in the four years since the U.S. Supreme Court decided the Citizens United case.

A new report, released Wednesday, examines how transparent the 300 largest public companies in America are about how much they give to political groups and where that money goes.

And some Charlotte area companies are ranked on the list.

Lowe’s Home Improvement says its profits jumped 76 percent in the third quarter from the same period a year ago. The company headquartered in Mooresville says it made $396 million. Part of the increase comes from sales related to Hurricane Sandy.

Canada’s largest home improvement retailer has rejected an offer from Lowe’s to buy the company. WFAE’s Marshall Terry has more on that story.