Business

Lawyers: Wells Fargo bogus accounts balloon to 3.5M

Wells Fargo & Co. may have opened as many as 3.5 million unauthorized customer accounts, far more than previously estimated, according to lawyers seeking approval of a $142 million settlement over the practice. The new estimate, provided in a filing late last week in federal court in San Francisco, is 1.4 million accounts higher than previously […]

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Steel industry, seeing a new dawn, cheers for Trump

Across the steel industry, stock prices — and spirits — have been on the rise, lifted by President Trump’s vow to protect American manufacturers against cheaper imports and invest as much as $1 trillion in infrastructure over the next decade. With more than 200 facilities and $16 billion in sales last year, Charlotte-based Nucor Corp. […]

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Holy trinity: Three Carolinas stocks jump 28% to 40% in a week

Three Carolinas public companies had a remarkable week on the stock market, each gaining more than 28% even though none of the three were taken over. World Acceptance , which makes small loans at high interest rates, jumped 40% after inking a new credit agreement.  It was the best performer in the Capital Investment Cos./Nottingham […]

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Google: We generate $2.4B in N.C. economic activity

Google says it is driving $2.38 billion worth of economic activity across North Carolina while working with thousands of website publishers and providing free advertising to non-profits. That’s nearly triple the economic impact Google reported in 2009. The California-based Internet giant operates numerous outposts across the Tar Heel state, including a huge data center in […]

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