Business

Second-home buyers team up at Grandfather resort

By Brad King Twice a year for more than three decades, Tim Cooper visited Grandfather Golf & Country Club for a weekend of golf competition and camaraderie with friends. “I fell in love with the place a long, long time ago,” says the Winston-Salem native who is general manager of two Triad Mercedes-Benz dealerships. But […]

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North Carolina’s biggest money managers

Nine of North Carolina’s 10 biggest money-management companies got bigger in the last year, no easy feat given the increased dominance of larger rivals spread globally. The growth was spurred by the overall stock market’s continued strength, with the S&P 500 Index gaining more than 15% in the year ended June 30. Acquisitions and corporate […]

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House Democrats call for Wells Fargo hearings

Three Democratic U.S. lawmakers are urging the Republican chairman of the House Financial Services Committee to hold a public hearing on Wells Fargo & Co.’s recent disclosure that it had erroneously charged thousands of customers for car loan insurance policies. The bank, still recovering from the fallout of a separate fake-account scandal, says it has […]

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S.C. utilities halt V.C. Summer nuclear expansion

S.C. Electric & Gas Co. and state-owned Santee Cooper are halting construction on a two-unit reactor project at the V.C. Summer Nuclear Station in Jenkinsville, S.C. The news comes months after project designer and contractor Westinghouse Electric Co. filed for Chapter 11 protection. SCE&G, a division of SCANA Corp., cites additional costs to complete the units and uncertainty over tax credits for […]

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