Charlotte to lose a half-billion dollars
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Charlotte County faces a half-billion in damages from Hurricane Charley, Budget Director Ann Navan announced Wednesday.
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NEW YORK (CBS.MW) -- Hurricane damage in Florida and the Carolinas will cost Progress Energy more than $300 million to clean up and will lower earnings for the year by about 18 percent, the utility said Friday.
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The broadcast companyâs loss stemmed from write-downs, breakup costs and weak advertising sales.
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Financial support for a major international fusion project is one of many casualties.
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The company said it expects to post its second quarterly loss in more than 50 years because of a hefty one-time charge.
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LOS ANGELES Martin Luther King Junior-Drew Medical Center could lose nearly 200 (m) million dollars in funding next month because it failed a federal inspection.
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How the Interior Department managed to lose about $2 billion of the public's money. Can this mess be cleaned up?
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Mitsubishi Motors says its losses in the first half of the fiscal year were one-fifth greater than previously reported after its books were hit by a sell-off of its auto loans.
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By The Charlotte Observer, N.C.  Sep. 22--While the Easley Administration is trying to decide how to restructure the N.C.
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The company reported a fourth-quarter net loss of $2.58 billion,  citing a $6.1 billion charge related to transferring employees from a multi-employer pension fund.
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For the period that ended Dec. 31, the company reported a loss of $16 million, or 11 cents a share, in contrast to a profit of $18 million, or 12 cents a share, in the period a year earlier.
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Hannover Re, the world's fifth-biggest reinsurer, is cutting its full-year profit forecasts as damage claims piled up in connection with the recent spate of hurricanes and typhoons in the US and the Asia-Pacific region.
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ING US Financial Services said late on Tuesday it will withdraw about $5 billion from Janus Capital Group Inc. funds by year-end.
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The gay-and-lesbian travel service will suffer in its second half because of increased cruise costs.
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Bank of America Corp. will move its Wealth and Investment Management division to its Boston offices. Of 10 senior executives that will be based in Boston, only two will come from Charlotte.
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Search company cuts price of Keyhole LT mapping software by more than half.
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By Steve Lyttle, The Charlotte Observer, N.C.  Sep. 8--The federal government is offering Mecklenburg County a big assistance in getting rid of Charlotte's most flood-prone residential area.