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Money

NC commerce secretary defends need for more incentives money

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A top advocate of Gov. Pat McCrory's request for more money for North Carolina business incentives is facing skepticism from Senate Republicans who believe lower tax rates is the better way to attract companies. Full story...
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Commissioner, GOP legislators back NC insurance bills

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Republican lawmakers and Democratic state Insurance Commissioner Wayne Goodwin back legislation they say would improve the process to set North Carolina homeowner insurance rates and give insurers a new way to cover huge losses after a hurricane. Full story...
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Bladenboro getting new company, 50 jobs

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Bladen County will get a piece of a $6 million pie. The N.C. Rural Infrastructure Authority (RIA) approved 18 grants or loans with a commitment of more than 600 new jobs. Full story...
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Lottery winner takes more than $50,000 home to Winnabow

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Brunswick County continues its lottery luck winning streak. Full story...
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Early-session spending bill approved by NC Senate

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The state Senate supports making spending changes to help a panel reviewing public school academic standards do its work and so a rule-making body can defend itself in a lawsuit against the State Board of Education. The chamber voted Wednesday in favor of a bill that locates $275,000 to operate the committee recommending changes by the end of the year to Common Core. The vote was 38-11. Full story...
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NC Senate budget-writers roll out early spending bill

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Top Senate budget-writers have written an early-session spending bill that in part seeks to ensure a panel drafting new academic standards for North Carolina's public schools has money to perform its work. The bill filed Monday directs the Department of Public Instruction to transfer $275,000 to help the panel, which was created last year. Full story...
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BB&T apologizes for problem that emptied customer accounts

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BB&T Corp. is apologizing for a processing problem that caused some customer accounts to show incorrect balances or zero funds The Winston-Salem-based bank posted an apology on its Facebook page Wednesday, adding that it fixed the problem, corrected account balances and refunded overdraft fees. Full story...
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AP: Carolinas politicians get payouts from lender

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videoAn Associated Press investigation has found that soon after taking office, North Carolina Gov. Pat McCrory and U.S. Rep. Mark Sanford of South Carolina accepted six-figure stock payouts from Tree.com, the corporate parent of the online mortgage broker LendingTree. Full story...
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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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