Business

N.C. Attorney General orders Charlotte School of Law to close

N.C. Attorney General Josh Stein has ordered Charlotte School of Law to shut down, and his office sent a letter to the U.S. Department of Education to notify it that the school’s license to operate in the state had expired. The school, cut off from federal student loans and targeted by the American Bar Association […]

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Wells Fargo shakes up board, names chairman

Wells Fargo & Co. says former Federal Reserve Governor Betsy Duke will replace Chairman Stephen Sanger on Jan. 1. Duke became a Wells Fargo director in 2015, and was named vice chair last year after a fake-account scandal erupted at the bank. Along with Sanger, two other long-time executives on the embattled bank’s board will […]

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Amazon plans $85M Kannapolis distribution center, 600 new jobs

Online retail giant Amazon will open an $85 million distribution center in Kannapolis, bringing some 600 jobs to the region. Kannapolis City Council has approved $562,275 in incentives for the project, which will feature a 1 million-square-foot building east of the Coddle Creek Reservoir. Amazon has been expanding in the region, and currently employs hundreds […]

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Revlon to invest $16M in Granville County, create 55 jobs

Cosmetics company Revlon Inc. plans to invest $16.1 million in its Granville County operations, creating 55 jobs with an average salary of $37,679 over the next three years. Revlon will use the funds to expand production of its Elizabeth Arden line of goods at its plant in Oxford. Revlon, based in New York, is eligible […]

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