Business

Cisco Systems, the world's biggest maker of computer networking equipment, is in the midst of cutting as many as 2,000 jobs to reduce operating expenses as customer orders decline in the global recession.

Charlotte-area home sales and prices, while still down sharply compared with a year ago, showed some notable improvement last month.

Diamond Crystal Brands Inc. is recalling products containing nonfat dry milk because its supplier, Plainview Milk Products Cooperative, of Plainview, Minn., warned the company of a possible salmonella contamination.

Bank of Granite Corp.'s chief financial officer is resigning for unspecified reasons, according to regulatory papers filed by the bank on Friday.

Federal authorities have charged a Gastonia plastic surgery company for giving patients a cheap Botox substitute without telling them it had not been proven safe for use on humans.

Millions of dollars in federal aid may not be enough to extend high-speed Internet access to the remotest and poorest areas of the state.

The Treasury Department is selling its financial stakes in bailed-out banks for one-third less than they're worth, potentially shorting taxpayers up to $2.7 billion, a bipartisan congressional watchdog says.