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The Markets
NASDAQ 4419.03
4,351.04 (-)
NYSE 11005.50
10,880.13 (-)
S&P 1972.83
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Key Carolina Companies
| Symbol Lookup | AP Market Summary
Stocks fell Thursday as worries about the soundness of a European bank spooked U.S. investors, prompting them to sell off stocks and snap up less risky assets like gold and governments bonds. However, the declines were half of what they were earlier in the session.
Charlotte-area home sales jumped 3.7 percent in June from a year ago as low supplies continue to push prices higher, a report Thursday showed.
During a conference call with investors, CEO Howard Levine talked about ways the company plans to improve its results, from closing under-performing stores to selling alcohol at Family Dollar locations.

Charlotte’s two big-bank employers are set to report quarterly earnings, once again shining a light on the health of their businesses and on the U.S. economy as a whole.

U.S. Attorney General Eric Holder has formally refused to meet with Bank of America CEO Brian Moynihan as the two sides continue to dispute terms of a potential multibillion-dollar settlement involving troubled home loans, a person familiar with the matter told the Observer on Wednesday.

Business leaders from North Carolina urged lifting the guest worker restrictions on foreign citizens as part of a coordinated national effort to salvage immigration reform. Speakers representing Triangle businesses SAS, Golden Corral, Biologics, Fleet Feet Sports and the NC Farm Bureau took turns speaking Wednesday at the Greater Raleigh Chamber of Commerce, emphasizing that immigration reform would boost the state's economy by supplying labor here.

Charlotte-based Belk Inc. announced on Wednesday a $47 million investment to expand its e-commerce distribution and fulfillment center in Union County, S.C.

Construction delays will postpone Olde Mecklenburg Brewery’s mid-July opening. It’s now slated to open Aug. 15 at 4150 Yancey Road, off Old Pineville Road.

The Federal Reserve intends to end its bond-buying program in October provided the economy continues to grow, according to an account published Wednesday of the central bank’s most recent policymaking meeting.

With cattle production dwindling nationwide, beef prices are rising, driving restaurant owners to raise menu prices or offer more alternatives to popular dishes in order to stay profitable.

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Earth & Energy
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