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Charlotte

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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Former Charlotte mayor gets house arrest for illegal vote

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A federal judge is placing the former mayor of North Carolina's largest city under house arrest until he begins serving a nearly four year sentence for taking bribes. Full story...
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Authorities report death at Charlotte plant

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Emergency personnel in Charlotte say a worker at a recycling plant has died in an industrial accident. Multiple media outlets report the unidentified worker died around 1 p.m. Tuesday at Source Recycling. Full story...
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Ex-NFL player sentenced for role in mortgage fraud

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A former NFL player has been sentenced to nearly four years in federal prison and two years of supervised release for his role in a multi-million dollar mortgage fraud conspiracy. U.S. Attorney Anne M. Tompkins says 43-year-old Jimmy Hitchcock was sentenced on Tuesday after pleading guilty in June 2013 to mortgage fraud conspiracy, bank bribery conspiracy and money laundering conspiracy. Full story...
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Secretary Foxx questions NC airport dispute

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U.S. Transportation Secretary Anthony Foxx says the dispute over who controls Charlotte Douglas International Airport is what he calls "an unnecessary mess." The former Charlotte mayor told The Charlotte Observer he doesn't know when the Federal Agitation Administration might make a decision. Full story...
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Charlotte doctors face drug charges

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Charlotte police have charged two eye doctors with drug trafficking after investigators said the doctors wrote fake hydrocodone prescriptions for some patients and stole the pills. Police said in a statement that Dr. Benjamin Hobbs and Dr. Samuel Hobbs are each charged with trafficking in opiates, obtaining a controlled substance by fraud and larceny. The brothers own Clear View Eye Care. Full story...
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Ex-Charlotte mayor's lawyers seek sentencing delay

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Lawyers for former Charlotte Mayor Patrick Cannon have filed a request to delay sentencing in his public corruption case. Area media outlets report the motion filed on Monday says one or more witnesses are unavailable for that date, and asks for a new sentencing date of Oct. 13. The original sentencing hearing was scheduled for Sept. 25. Full story...
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Former Marine faces Charlotte murder trial

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A former Marine from Charlotte is scheduled for trial this month in an alcohol related wreck that killed a woman nearly three years ago. The Charlotte Observer reported that 34-year-old Eric Jonathan Cox is charged with second-degree murder for the wreck. Full story...
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Former Charlotte mayor could be sentenced next week

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Former Charlotte Mayor Patrick Cannon could be sentenced as early as next week on a plea to a public corruption charge. 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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