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Key Carolina Companies
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Bank of America CEO Brian Moynihan on Friday defended the Charlotte bank’s decision earlier this year to give him the chairman’s title, saying the lender was motivated by a desire to have the best board leadership.
NC Insurance Commissioner Wayne Goodwin has denied the insurance industry’s request for an average increase of 25.6 percent on homeowners insurance rates across the state.
Mecklenburg County has a contract to buy the former Charlotte School of Law building off Wilkinson Boulevard, part of a broader plan to sell or redevelop the county-owned Hal Marshall building property uptown and three other key uptown properties.

North Carolina’s jobless rate fell to 5.8 percent in November, the lowest statewide unemployment rate since May 2008. North Carolina’s unemployment rate in November was the same as the national average, but the United States dropped below 6 percent two months ahead of North Carolina.

Charlotte developer Daniel Levine and Levine Properties have taken another step toward engineering a major development of the city’s First Ward area after purchasing a parcel uptown for $9.85 million.

Charlotte business leaders are warily watching the fallout from a major cyber attack on Sony Pictures, which they said Friday has highlighted the need to protect their networks.

Time Warner Cable will soon charge its 15 million customers for watching sports as the major cable provider tries compensating for the rising costs of broadcasting local channels and athletic programming.

A Charlotte attorney has begun serving a 10-year prison sentence for her role in the sprawling federal mortgage-fraud conspiracy known as Operation Wax House.

The money grew out of a federal investigation of Bank of America’s packaging of mortgage loans

Through breeding and feeding, Bob and Ted Ivey have built a new breed of pig – called ‘silky’ pork – that produces premium cuts with a bit more fat, a deeper color and more sweetness. It especially appeals to the Japanese palate.

More recent business news

The cranes are rising again in the city’s center, as developers place big bets on uptown Charlotte’s continued growth.

You’ve heard it all before: Every business should have a story. Here’s a tip: It helps if it involves a dog, or two.

Read the full series Workers don't have protections. Companies don't withhold taxes. Regulators don't seem to care. McClatchy reporters spent a year unraveling the scheme, using little-noticed payroll records that show how widespread this practice has become and what it costs us.

Analysis of total compensation packages for the CEOs of North Carolina's largest 50 publicly-traded companies. This analysis covers 2013 and compares total pay with that of the same executives in 2012.

Asheville's HomeTrust Bancshares said this week it has hired a market president to lead the lende...

Bank Watch

Three former customers and the founder's son have officially assumed ownership of Klassic Rides, ...

ShopTalk

Among the collector items to be offered in the Scottsdale auction is this four-cylinder, 1929 Ind...

Media Scene

Chatham County commissioners cited "substantial health and environmental risks" this week in oppo...

Earth & Energy
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