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The Queen City may be facing a slow road back from the economic downturn, as the standings of two big banks keeps Charlotte’s future in limbo. That’s despite the fact that Charlotte has been a prime spot for developers in the past.
11/20/2009 07:33 AM
Dell Inc. said Thursday that its net income dropped 54 percent in the latest quarter and amid signs the company isn't fully benefiting from the computer industry's fledgling recovery.
11/19/2009 05:23 PM
The first visible signs of the changeover from Wachovia to Wells Fargo are being seen Thursday, as officials switch out a blue and green ATM in uptown Charlotte with a signature red and gold Wells Fargo machine.
Updated 11/19/2009 05:08 PM
Global mobile phone company Sony Ericsson announced Wednesday that it will close its North American headquarters in Research Triangle Park, leaving more than 400 employees out of work.
Updated 11/18/2009 01:19 PM
More than $98 billion in taxpayer dollars spent by government agencies was wasted, much of it on questionable claims for tax credits and Medicare benefits, representing an increase of $26 billion from the previous year.
11/18/2009 08:10 AM
Bank of America CEO candidate Brian Moynihan was on Capitol Hill Tuesday, along with members of the bank’s board of directors, to testify about the company’s acquisition of Merrill Lynch.
Updated 11/17/2009 11:32 PM
N.C. State Ports Authority CEO Thomas Eagar told a crowd Tuesday that the ports authority has actually experienced an increase in containers coming in and out of the port, despite the recession.
11/17/2009 07:06 PM
Duke Energy and the North Carolina Community College System unveiled a mobile career launch pad and GTCC's new avionics and electronics lab near PTI Airport in Greensboro.
Updated 11/17/2009 06:25 PM
Roy Cooper, attorney general of North Carolina, says people who had trouble canceling trial offers from the Vonage phone company are due a refund. Officials with Vonage, which is based in New Jersey, have agreed to pay the states $3 million.
11/17/2009 07:44 AM
Troubled auto and home lender GMAC Financial Services said Monday CEO Alvaro de Molina is stepping down. Michael A. Carpenter, a member of the company's board of directors, has been named his successor.
Updated 11/16/2009 07:28 PM
Hundreds of ConAgra Foods employees are now looking for jobs after the company laid off nearly half of its workforce this weekend. The layoffs came as a result of the fatal explosion at the Garner plant in June and will cut its production in half.
Updated 11/16/2009 05:01 PM
Lowe’s Home Improvement is reporting a 30 percent drop in profits for the third quarter, adding more bad news after a poor showing for the company in the second quarter.
Updated 11/16/2009 09:50 AM
General Motors Co. says it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than it has reported in previous quarters and a sign that the auto giant is starting to turn around its business.
11/16/2009 07:46 AM
Johnston County will soon be gaining over 250 jobs, after Gov. Perdue announced Friday that Talecris will invest nearly $269 million to expand its blood plasma therapeutic plant in Clayton.
Updated 11/13/2009 03:59 PM
Multiple media outlets reported Friday that Talecris Biotherapeutics will add 259 jobs as part of a $269 million expansion in Clayton. The company in RTP will get nearly $5 million in state incentives.
11/13/2009 10:55 AM
