Business

Business

Duke Energy sues insurers for payments to cover coal ash costs

Charlotte-based Duke Energy, the largest electric utility in the U.S., names 30 insurers in the suit, which seeks insurance payments that Duke claims the companies have failed to provide. Duke, which filed the suit in state court in Mecklenburg County, says the payments will help cover some costs tied to its coal ash cleanup across North and South Carolina

Bank Watch

Wells Fargo agrees to class-action settlement over its sales practices

The Wells Fargo class-action settlement, which still requires court approvals, is expected to encompass anyone who claims the San Francisco-based bank opened accounts or enrolled them in products without their consent. Those customers must have been affected by the practices from a period covering January 2009 until last September, when the bank agreed to $185 million in fines with authorities.

Development

YMCA breaking ground on major expansion

The Dowd YMCA is breaking ground next week on a long planned expansion to the flagship building. The groundbreaking is scheduled for Tuesday. The $14.3 million project will add about 40,000 square feet to the gym facilities.

What's In Store

Why millennial men are more likely to buy their groceries online

Buying groceries online is becoming increasingly popular – the launch of services in Charlotte like Shipt, Postmates and Instacart is a testament to that trend. Experts say it’s probably safe to assume grocery e-commerce won’t overtake in-store shopping, but it begs the question: Who is buying their milk, bread and produce online these days? Turns out, it’s more likely to be young men, who find grocery shopping to be ‘a necessary evil.’

Videos

After Raleigh apartment fire, safety of wood construction questioned

Construction trends in apartment buildings made of wood place them all across the state's largest cities including Raleigh, Charlotte and Greensboro.
Molly Mathis The Charlotte Observer
After Raleigh apartment fire, safety of wood construction questioned 0:47

After Raleigh apartment fire, safety of wood construction questioned

Money for disabled daughter's trust fund linked to Siskey 2:09

Money for disabled daughter's trust fund linked to Siskey

Will peaches be the pits? 1:13

Will peaches be the pits?

Romare Bearden Park time lapse 0:55

Romare Bearden Park time lapse