Business

SPX gains 18%, leading Carolinas’ stock movers. CommScope fades 15%

SPX Corp. had a huge gain after reporting adjusted profit of 38 cents a share, 9 cents better than analysts expected. It was the best performer in the Capital Investment Cos./Nottingham Index of Carolinas-based public companies for the week ended May 5 among companies with shares trading for at least $10. Best gainers: SPX (SPXC)  […]

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Gov. Cooper calls for business leaders to oppose corporate tax cuts

Talk about a hard sell: N.C. Governor Roy Cooper told Charlotte Chamber leaders this week that he wants business people to oppose state corporate tax cuts because the loss in revenue would make it harder for North Carolina to invest in education, ranging from pre-kindergarten to Ph.D. programs in the UNC System.

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Duke Energy shareholders lash out over video-only meeting

Duke Energy Corp. CEO Lynn Good fielded questions on the company’s plans to respond to climate change and clean up its coal ash ponds during the Charlotte-based company’s first online-only annual shareholder meeting Thursday. Before the meeting began, demonstrators outside Duke’s uptown headquarters criticized the company for eliminating a physical meeting, arguing that the utility […]

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First Horizon to acquire Charlotte-based Capital Bank

Memphis-based First Horizon National Corp. will acquire Capital Bank Financial Corp. of Charlotte in a $2.2 billion stock-and-cash deal that will create the fourth-largest regional bank in the Southeast. The combined companies will have $40 billion in assets and more than 300 branches in eight states. The transaction is slated to close in the fourth […]

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