Business

Harvard professor lauds Charlotte’s inequality study, praises tutoring

As major news outlets regularly report, Charlotte has a serious problem with an underclass that can’t get ahead financially. City leaders have worked to tackle the problem, and recently issued a report suggesting possible solutions. To keep up momentum for change, UNC Charlotte invited Harvard University professor Roland Fryer to discuss education and police reform […]

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Three Charlotte industrial titans down more than 5% last week

Three big Charlotte-based industrial companies lost more than 5% of their market value, though each has had a strong 52-week performance.  These were the best performers included in the Capital Investment Cos./Nottingham Index of public companies for the week ended April 7 among companies with shares trading for at least $10. Extended Stay America (STAY)  […]

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Apex robotics firm to expand operations, hire 275

Apex-based robotics company ATI Industrial Automation will launch an expansion next week that will create 275 new jobs and expand the company’s corporate and manufacturing operations to 185,000 square feet. ATI currently has 300 employees, and the expansion is the company’s second in four years in Apex.

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Costs, lower mortgage revenue weigh down Wells Fargo earnings

Higher personnel costs and legal fees, as well as lower mortgage banking revenue, have kept first-quarter net income at Wells Fargo & Co. broadly flat at $5.5 billion. Profit on a per share basis rose to $1.00 in the latest quarter from 99 cents a year earlier, beating the average analyst estimate of 97 cents. […]

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