Business

Embattled Wells Fargo plans to slash thousands of jobs

Wells Fargo is based in San Francisco but maintains its largest employee base in Charlotte, where it has about 25,100 workers in the metro area.

  Family Dollar to close Matthews, NC headquarters; 900 jobs affected

Three years after buying Family Dollar, Dollar Tree is closing the Matthews headquarters of the retail giant started by the Levine Family, a move that will affect 700 local jobs.

Matthews mayor responds to Family Dollar’s HQ leaving

The good news is the Distribution Center in Matthews will not close. Dollar Tree CEO Gary Philbin issued a statement concerning the shutdown of the Matthews headquarters.

Ei SolutionWorks closing plant in Kannapolis, laying off about 300 workers

Ei SolutionWorks announced on Friday it would be closing a plan tin Kannapolis, laying off approximately 300 workers.

Businesses bypassed by almost-complete Monroe Expressway

Business employees say they are being affected by the construction near Highway 74

Public transit, pedestrian bridge to start in Rock Hill for University Center development

The 23-acre development is being constructed between downtown and Winthrop University. It will include an indoor sports arena, office space, retail space, restaurants and breweries, and eventually housing.

Summer tourism hits high note on Labor Day, fall color season is next

While no records will be broken this year, most businesses that cater to the tourist trade say the economy has been solid.

Former Knights stadium site to be headquarters for RoundPoint Mortgage Servicing Corporation

RoundPoint CEO Kevin Brungardt says the company will invest $30 million into the three-story, 150,000 square-foot facility in the coming years.

Company files WARN notice, two furniture plants could shut down with hundreds laid off

The WARN notice, Workers Adjustment and Retraining Notification  letter says the company is trying to find a "suitable buyer" but if none is found in 60 days, the factories will close.

Charlotte city council approves Housing Charlotte Framework

Right now, the city is 24,000 units shy of what it needs for households at and below 50 percent of the area median income.?

Hotel planned for downtown Morganton

In a time when many small-town downtowns have struggled to survive, it is a further indication of how Morganton is faring.

Man's family suing Charlotte police over fatal shooting

The family of Josue Javier Diaz filed a lawsuit Friday against the City of Charlotte and the officer involved, according to media outlets.

Bojangles’ is closing restaurants and dropping some menu items. Is a sale next?

Fast food chain Bojangles is looking to close several stores in the area and remove some menu items. This comes as the chain's CEO recently stepped down.

This is the best hospital in Charlotte, according to a new national ranking

Carolinas Medical Center is the best hospital in the Charlotte region, according to annual U.S. News & World Report rankings released Tuesday.

Plaza Midwood store's special sale draws unpredictable crowd size, upsets nearby business owners

Social Status sells clothing and sneakers. When the store is selling a popular item that's in demand, other business owners say crowds line up hours before the store opens.

Here’s what killed Charlotte’s first planned ‘tiny house’ project

City planning staff considered regulations this year that would have barred tiny houses in Charlotte, though they ultimately shelved the proposal in March.

Wells Fargo: Mistake contributed to hundreds of foreclosures

The error in the bank's underwriting tool lasted from 2010 until it was fixed in late 2015, an internal review found.

Amazon Distribution Center headed to Charlotte, commitment finalized

The project, expected to encompass 2.5 million square feet of warehouse space, will be located south of I-85 and east of I-485, and will require a realignment of Tuckaseegee Road and the extension of Todd Road.

Bike-sharing company ofo leaving Charlotte

In an email to riders, the company said they did some critical thinking about the markets they operate in, and how to deliver the best ofo experience possible to their riders.

Portion of Surf and Turf Lodge re-opens after Bessemer City tragedy

On Friday, the owner opened up the rebuilt portion of the restaurant to customers, but it looks much different.

Group turning 'Inmates to Entrepreneurs' launches Charlotte program

Raleigh-based program "Inmates to Entrepreneurs" is changing the lives of people with criminal records, and the program will now expand to Charlotte.

  Charlotte could lose its largest event, the millions it generates

Charlotte is in jeopardy of losing its largest annual event and the millions of dollars it brings in.

Boom to bust? Charlotte's at risk of building too many apartments, new study says

Developers could be forced to offer bigger breaks on rent and other incentives, such as reduced security deposits, to lure tenants for the pricey new buildings under construction.

Charlotte's losing 'a little bit of the luster.' Just one bank has its HQ here now.

Charlotte might be a major hub for the financial services sector, but it's now headquarters to just one bank.

Businesses prepare to sell fireworks in the Carolinas for the Fourth of July

The demand for these fireworks are so high, the people who run the business are staying open for 24 hours until after the holiday.

Charlotte city council votes on Amazon deal that will bring 1,500 jobs

Charlotte City Council is set to vote on a major deal involving Amazon at its Monday night meeting. City leaders say it will vote on turning a large piece of property located at Tuckaseegee and Todd Road into a first of its kind Amazon distribution center.

Charlotte may spend millions to bring Amazon distribution center near the airport

The airport said it's the biggest development nearby since Norfolk Southern railroad moved its intermodal yard there four years ago.

Charlotte's grocery wars are getting even more intense. Just look at Cotswold.

The 46,000-square-foot store is so close to the Harris Teeter across Randolph Road that you could park and do half your shopping at one store, walk a few hundred feet across the street and finish your trip at the other.

New report finds taxpayers could pay more than $200 million for I-77 toll lane default

The report was prepared in response to questions submitted by lawmakers regarding the I-77 toll lanes project.

Controversial 20-story building approved for Charlotte's Midtown

A new 20-story building is approved for Midtown, the tallest of anything else in that area.?

People don't trust social media - and that's hurting businesses

If you thought social media was a cesspool of fake news, trolling and creepiness, it turns out that people across the world agree with you.

Hey Charlotte - KFC is testing Chicken and Waffles in the QC!

The mind-blowing combination of chicken and waffles is heading to a KFC restaurant near you!

New ABC store approved near Charlotte

An opening date of the store was not immediately available.

There's an 'arms race' to lure renters, and it now involves pet spas and beer gardens

The list of amenities in some new Charlotte apartment buildings sounds more like what you'd expect in a high-end resort than a rental unit where you might live for a year or two.

Atrium plans to spend $1 billion around Charlotte. Here's why it needs to do that.

"We've had a really successful run for decades. Now how do we position ourselves for the new future?"

BofA is planning a hiring spree for a certain group of workers, including in Charlotte

Bank of America said Friday it plans to hire 10,000 people from low- and moderate-income neighborhoods into largely entry-level positions at its branches and call centers.

SouthPark growth booms, congestion looms

Can the SouthPark area handle the boom, or does one of Charlotte's most prominent neighborhoods risk bursting at the seams?That's the question a lot of residents are asking, as a sometimes traffic-choked area prepares to absorb another big influx of residents and businesses.

Charlotte Douglas lacks airport amenities, group says

Charlotte Douglas International Airport tied for last among the nation's 20 largest airports for available amenities, according to a study by the Global Gateway Alliance released Wednesday.

Joining a gym in the New Year? Get fit without getting taken

One of the most frequent New Year's resolutions that people make is to join a gym. If you resolve to get in shape in 2014, the Better Business Bureau (BBB) has tips to help you get fit, without getting taken.

Nine protesters arrested at Charlotte-area Bank of America branches

Protesters hit four Charlotte-area Bank of America branches on Tuesday morning in an effort to speak out against what they call "the bank's leading role in coal financing."

Lake Norman Charter braces for traffic headaches

Next year Blythe Elementary will dismiss one hour later. That will be the same time Lake Norman Charter lets out.