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Money

Bank of America taking $400M litigation charge

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Bank of America says it is taking a $400 million charge to cover additional litigation costs and cut its results for the third quarter. The Charlotte, North Carolina, company says it is in talks with U.S. banking regulators about its foreign exchange business. Citigroup cut its third-quarter earnings by $600 million on Oct. 30 for similar reasons. Full story...
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Money for NC private school vouchers begins moving

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The first of millions of taxpayer dollars in payments have been sent to private and religious schools across North Carolina while an appeals court considers a judge's ruling that a new scholarship program for low-income public school children is unconstitutional on several levels. Full story...
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Charlotte considers millions on Hornets arena

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The city of Charlotte is considering a plan to spend about $30 million to make improvements at Time Warner Cable Area, home of the NBA's Hornets. Staffers told Charlotte City Council on Monday the money would come from two hospitality taxes. City council is expected to take a first vote on the proposal at a meeting Sept. 8. Full story...
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I-77 toll lane construction to start in 2015

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State highway officials say construction of Interstate 77 toll lanes in the Charlotte area is scheduled to begin either next spring or summer, with new lanes slated to open in four years. The Charlotte Observer reports the proposed toll lanes will be built between Brookshire Freeway in Charlotte and Exit 36 in Mooresville. Full story...
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WWAY SURPRISE SQUAD perks up Pender shoppers

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videoOur Surprise Squad was out and about again today. This time, we're making the day of some unsuspecting people at the Hampstead Food Lion. Full story...
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NC Senate approves county sales tax changes

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The North Carolina Senate has approved a bill changing how counties impose sales taxes beyond what the state collects. The Senate voted Thursday to limit nearly all of the state's 100 counties to a local sales- and use-tax of 2.5 percent, including large urban counties that are currently allowed to raise the sales tax to 2.75 percent. Full story...
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Lottery winner from Horse Shoe is lucky twice

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Where else but the town of Horse Shoe would a person get lucky twice in the N.C. Education Lottery? Self-employed painter Ivan Gilbert is a two-time winner. He won $1 million this week in the $120 Million Cash scratch off game. In May 2012, Gilbert won $100,000 in the Super Lucky 7s game. Full story...
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SURPRISE SQUAD: Woman gets help from WWAY and co-workers

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videoThanks to a generous donation from Perry's Emporium, the Surprise Squad was in Bolivia Wednesday. WWAY helped out several people, surprising them by paying their water bills. When one employee couldn't pay her own water bill, the compassion of her co-workers came through. Full story...
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Bank of America lays off 540 in Charlotte division

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Bank of America is laying off 540 workers in a division that handles troubled mortgages. The Charlotte Observer reports that the cuts announced Wednesday amount to nearly two-thirds of the local workforce in the Legacy Asset Servicing division. Full story...
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Wilmington's Municipal Golf Course renovations a go

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videoWilmington City Council members vote to go forward with the Wilmington Municipal Golf Course restoration. They also decided it was best to do it all at once. So, crews will fix the greens, practice greens and fairway bunkers. Full story...
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