Business

Wells Fargo questioned over data breach

Regulators are reportedly questioning Wells Fargo & Co. about a data breach in which an attorney was mistakenly given sensitive details on thousands of accounts belonging to wealthy customers in the bank’s brokerage unit. A lawyer representing Wells Fargo provided the information to the attorney as part of a lawsuit involving two brothers, one a Wells Fargo employee […]

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Select Bancorp to acquire Carolina Premier Bank

Dunn-based Select Bancorp Inc. will acquire Carolina Premier Bank of Charlotte in a $40 million transaction that is slated to close in the fourth quarter. The banks’ combined assets are estimated at more than $1 billion. The deal is the latest in a string of Charlotte-area acquisitions, which if completed, will leave the city with just […]

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Parker Hannifin to lay off 220 in eastern N.C.

An Ohio company that builds motion and control technologies plans to close its plant in Washington, N.C., laying off 220 workers. Parker Hannifin Corp. has notified state officials that the job cuts will begin in early September. The 175,000-square-foot plant, which is in the eastern part of North Carolina, makes fuel products for transportation and off-highway […]

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Does the N.C. Chamber quash business leader support for Gov. Cooper?

NC Office of Governor During visits to Charlotte earlier this year, Gov. Roy Cooper urged state business leaders to support his budget and pressure Republican lawmakers to focus on greater public investments. He opposed cutting the corporate income tax because less revenue means less money to boost pay for teachers, professors and state workers, to […]

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