Business

Charlotte lands NBA All-Star game

The NBA has finalized an agreement to bring the 2019 All-Star Game to Charlotte. The league, which relocated the 2017 All-Star Game to New Orleans in protest of House Bill 2, announced its decision Wednesday to bring the game to the Queen City less than two months after the state legislature repealed the so-called “bathroom bill.” Local […]

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Charlotte drops to third-largest banking hub

The Queen City has lost its coveted title as the second-largest banking hub in the United States, falling to third place behind New York City and San Francisco, according to research by S&P Global Market Intelligence. There are 16 banking institutions based in the Charlotte region, with $2.27 trillion in total assets. In comparison, San Francisco has […]

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Lowe’s shares fall on 1Q earnings, sales miss

Shares of Lowe’s Cos. Inc. fell 7% in premarket trading Wednesday after the Mooresville-based home-improvement retailer reported lower-than-expected first-quarter earnings and comparable sales. Net income fell to $602 million, or 70 cents per share, from $884 million, or 98 cents per share, a year earlier. Excluding a $464 million loss on the extinguishment of debt, […]

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Shuford family donates $18M to UNC Chapel Hill entrepreneurship program

The Shuford family, which owns a large tape business based in Hickory, made an $18 million gift to UNC Chapel Hill’s College of Arts & Science to expand its undergraduate entrepreneurship program. It’s the largest single one-time gift by a family or living individual in the college’s history. It is aimed at supporting students who […]

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