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  • Wachovia melds investment bank units

    Wachovia Corp. told employees Friday that it's folding together two groups within its corporate and investment bank as part of an ongoing reorganization of the unit that has suffered in the global credit crunch.

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  • Housing rebounds, but analysts remain cautious

    Consumer confidence at 28-year low on worries about food, gas

    Construction of new homes increased by the biggest percentage in more than two years in April, a rare spot of good news amid the worst downturn in housing in more than two decades.

FROM TODAY'S OBSERVER

  • COPING IN THE DOWNTURN | YOUR STORIES

    The flagging economy may have pushed some Charlotteans to be more bold with their hair.

  • GE announces plans to shed appliance brand

    Company says it's part of plan to exit slower growth businesses

    General Electric Co. plans to sell or spin off the appliance business that for a century has put refrigerators, washing machines and dishwashers in American homes. Some analysts say the move shows one of the world's largest companies may shed other cherished assets.

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An idea to help residents 'hang on'

Nonprofit wants to buy homes, offer them as lease-purchases

A nonprofit group wants to buy as many as 25 vacant houses to help build homeownership in Peachtree Hills, a Charlotte neighborhood that is one of the worst-hit by the foreclosure crisis.

Brandon Wilson

Uptown Expo: Seeking potential spark of success

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THE NEXT BIG THING

  • Taller spaces on westside

    Industrial park to bring 40-foot warehouses to west Charlotte

    Sykes Industrial Park West may cut long-term storage costs for tenants

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