NASDAQ	3498.97	3,488.13 (-)
NYSE	N/A	9,560.03 (-)
S&P	1667.47	1,663.52 (-)

Dixie's Tavern closes uptown, making way for a new park

By Jeremy Markovich | WCNC-TV | May 20, 2013

A mainstay of uptown Charlotte’s bar scene abruptly closed over the weekend. The bar sits on land owned by Levine Properties, which is working to develop a park on the land.

Probe: Apple avoided paying billions in taxes

By Nelson D. Schwartz | New York Times | May 20, 2013

Even as Apple became the nation’s most profitable technology company, it avoided billions in taxes in the United States and around the world through a web of subsidiaries so complex it spanned continents and surprised experts, a congressional investigation has found.

Jeweler pleads guilty in KPMG insider-trading case

By Stuart Pfeifer and Adolfo Flores | Los Angeles Times | May 20, 2013

A California jeweler pleaded guilty Monday to a conspiracy charge in an insider-trading case and agreed to turn over $1.27 million in stock-trading gains made from tips allegedly provided by a then-partner at accounting giant KPMG.

Duke rate hike to continue during review

By Bruce Henderson | E-mail | May 20, 2013

Duke Energy Carolinas’ 2012 rate hike will stay in effect as the N.C. Utilities Commission reviews it under order of the state Supreme Court.

Yahoo can’t decide whether it’s media company or tech company

By Timothy B. Lee | Washington Post | May 20, 2013

Yahoo’s acquisition of Tumblr for $1.1 billion, announced Monday, is a big gamble by Marissa Mayer, the company’s recently hired CEO.

Swisher Hygiene delays filing quarterly report

By Ely Portillo | E-mail | May 20, 2013

Charlotte-based Swisher Hygiene said Monday that it is behind filing required a required quarterly financial report, and in danger of being delisted by the Nasdaq and the Toronto Stock Exchange.

Change keeps this Classic fresh

By Caroline McMillan | E-mail | May 20, 2013

Adopting ‘a culture of change’ helped grow Charlotte-based Classic Graphics from a two-man printing-press operation to a company with $70 million in projected revenue this year and a client list of Fortune 500 companies.

Blue Cross and Blue Shield influence waning with N.C. lawmakers

By Lynn Bonner | E-mail | May 20, 2013

Blue Cross and Blue Shield of North Carolina is used to having considerable clout in the legislature. All that’s changed.

Yahoo looks to regain its cool with Tumblr deal

By MICHAEL LIEDTKE | AP Technology Writer | May 20, 2013

After falling woefully out of fashion, Yahoo wants to be cool again while catering to the capitalistic demands of its shareholders. That goal led CEO Marissa Mayer to make a $1.1 billion bet on online blogging forum Tumblr in a risky acquisition that revolves around the vision and instincts of a 26-year-old entrepreneur who dropped out of high school to pursue his dream of bringing more beauty and creativity to the Internet.

Actavis buying Warner Chilcott in $8.5B deal

By MICHELLE CHAPMAN and TOM MURPHY | AP Business Writers | May 20, 2013

Actavis is buying Warner Chilcott in an all-stock deal valued at about $8.5 billion that would create the third-biggest specialty pharmaceutical company in the U.S. market.

High court uphold FCC power in cell tower disputes | May 20, 2013
United restarts 787 flights after grounding | May 20, 2013
Charlotte looks to airport rail yard as engine for growth | May 19, 2013
US gas prices up 11 cents over past 2 weeks | May 19, 2013
Jamie Dimon under pressure ahead of investor vote | May 19, 2013
Pew survey questions Gen X, baby boomer savings | May 19, 2013

More recent business news

Database: 2011 executive pay
CEOs of the 50 largest companies in North Carolina saw their median pay rise more than 11 percent in fiscal 2011, to $4.2 million.
- N.C. CEOs see higher pay despite losses

SHOPTALK »

Winning with a 9-to-5 crowd

More than 82,000 people enter uptown Charlotte every weekday morning. And every weeknight, most of those 82,000 people leave. That 9-to-5 swell-and-recede pattern could be unsettling to potential vendors for whom five days of commerce per week isn’t enough.

More ShopTalk

Bank Watch »

Resolution to confirm Grace as banking commissioner moves to House

Ray Grace is getting closer to being confirmed as banking commissioner for North Carolina, with a...