Business

BofA putting uptown parcel on market

Bank of America Corp. plans to sell a prominent parcel between College and North Tryon streets in uptown Charlotte, necessitating a move for Charlotte-Mecklenburg Police to a site nearby. CMPD’s Central Division is currently in a building it leases at the corner of Seventh and College streets, part of a 1.3-acre plot owned by BofA. A […]

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Wells Fargo aggressive sales tactics hit small firms

Wells Fargo & Co. has fired dozens of employees over the last two years after an internal investigation found some of the bank’s merchant-services staff pressured small businesses into contracts they didn’t understand and routinely engaged in reporting false sales information. The Wall Street Journal reports that the besieged bank discovered the problems in its […]

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Krispy Kreme parent to buy Panera in $7.5B deal

The privately held owner of Winston-Salem-based Krispy Kreme Doughnuts Inc. is expanding its breakfast reach by buying Panera Bread Co. for $7.5 billion. JAB Holdings Inc., which acquired Krispy Kreme in July for nearly $1.4 billion, says it will follow the same format with Missouri-based Panera as it did with Krispy Kreme, converting it into a […]

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Carolinas HealthCare loses round in antitrust lawsuit

A federal judge has ruled that an antitrust lawsuit filed last year against Carolinas HealthCare System by the U.S. Justice Department and the N.C. Attorney General’s Office can move forward. The decision rejects an attempt by the state’s largest hospital system to dismiss the civil case, in which CHS is accused of illegally reducing competition […]

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