Business

BofA sees 40% increase in 1Q earnings

Strong trading revenue has fueled a 40% increase in Bank of America Corp.’s first-quarter earnings, and the company has added employees for the first time in more than five years. Total profit jumped to $4.9 billion, or 41 cents per share, from $3.5 billion, or 28 cents per share, a year earlier, beating analysts’ consensus estimate […]

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NCAA returns events to North Carolina

North Carolina will again host NCAA tournament games following last month’s repeal and replacement of House Bill 2. The NCAA announced Tuesday that Greensboro Coliseum and Raleigh’s PNC Arena would host men’s basketball tournament games and that championships in dozens of other sports would be played across the state. Of the 133 bids North Carolina collectively […]

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Snyder’s-Lance shares dive after CEO unexpectedly retires

Shares of Charlotte-based snack maker Snyder’s-Lance Inc. closed 15% lower Monday after the company unexpectedly announced that CEO Carl Lee Jr. had retired. Brian Driscoll, former CEO of Diamond Foods and a member of Snyder’s-Lance’s board, has stepped in as interim CEO. The manufacturer also said it has faced “difficult challenges” that have negatively impacted first-quarter […]

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N.C. attorney general among Duke Energy coal ash skeptics

Although a formal “yes or no” decision is probably months away, Duke Energy Corp.’s plan to charge customers for a significant chunk of its coal ash cleanup costs already has attracted skeptics, including N.C. Attorney General Josh Stein, consumer groups and major industrial customers. Duke has yet to make a formal request for a rate […]

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