Business

Duke Energy CEO sees 27% pay hike to $13.8M

Duke Energy Corp. CEO Lynn Good’s pay jumped 27% last year to $13.8 million, buoyed by $9 million in performance-based awards. Good, the former chief financial officer who was named Duke’s CEO in 2013, earned $10.8 million in 2015. Charlotte-based Duke earned $2.1 billion in 2016, versus $2.8 billion a year earlier. Shares, however, gained 13.5% […]

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Snapchat’s Carolina-born founder got $158 million; company is worth $30 billion

If your stockbroker didn’t get you any Snapchat shares last week at the initial offering price of $17 — shares of parent company Snap Inc. shot up to $27 after two days of trading — don’t feel too bad. Just think how much the South Carolina-born millennial who came up with the concept lost after pulling […]

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Retailer hhgregg closing 88 stores, including four in North Carolina

Electronics retailer hhgregg will close 40 percent of its stores, including four in North Carolina, as it works to stem the red ink and turn around slow sales. The local closures include two in the Triangle and one each in Mooresville and Asheville. In addition to the 88 affected stores, the Indianapolis-based company is closing […]

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Home Depot to hire 450 seasonal workers in Charlotte

Home Depot is hiring 450 seasonal workers at its stores in Charlotte, part of a company-wide effort to add 80,000 employees for the spring selling season. The Atlanta-based home-improvement retailer is hiring for part-time and full-time positions in sales, operations and order fulfillment. The news comes a month after Mooresville-based competitor Lowe’s said it was hiring […]

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