Business

Wells Fargo faces backlash over site for company meeting

Wells Fargo & Co. will hold its annual meeting for shareholders next month at Florida’s Sawgrass Marriott Golf Resort & Spa, a swanky venue featuring two championship golf courses, villas with private balconies, therapy baths and massage lessons. The choice of the Ponte Vedra Beach resort is sparking fresh criticism from shareholders already angered by […]

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Gardner-Webb University offering voluntary resignation packages

Gardner-Webb University is offering voluntary resignation packages to all 350 staff and administrative employees as it seeks to control costs. The school, based in Boiling Springs, declined to release the dollar amount it aims to save with the buyouts, and will later look at programs that might be consolidated or eliminated.

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Coke Consolidated pops 13%, while Cato continues slide

These were the best performing Carolinas-based stocks included in the Capital Investment Cos./Nottingham Index of public companies for the week ended March 17 among companies with shares trading for at least $10. Coca-Cola Bottling Consolidated (COKE) – 13% – Sales have increased 35% over last year, mostly because of acquisitions. CEO Frank Harrison’s compensation was […]

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Avangrid wins auction to develop offshore wind farm

A subsidiary of a Spanish energy conglomerate has won the rights to develop an offshore wind farm off Kitty Hawk with a $9 million bid to the federal government. Avangrid Renewables beat out three other bidders for the development rights. The company already is a known quantity in North Carolina as the developer and operator […]

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