Mecklenburg Times: News for Mecklenburg, Union and Iredell counties Real Estate, Development, Construction, and Community News in the Charlotte area and throughout Mecklenburg, Union and Iredell counties

WASHINGTON (AP) — Average long-term U.S. mortgage rates edged down this week to their lowest levels of the year, offering a continued incentive for purchasing during the spring home-buying season. The benchmark 30-year fixed-rate loan touched its lowest point in ...

Tagged with: 30-year home mortgage rate

CHARLOTTE, N.C. (AP) _ Bank of America Corp. (BAC) on Thursday reported first-quarter profit of $2.68 billion. The bank, based in Charlotte, North Carolina, said it had earnings of 21 cents per share. The results missed Wall Street expectations. The average ...

Tagged with: Bank of America

WASHINGTON (AP) — Federal regulators say that five of the biggest banks in the U.S. have inadequate plans for unwinding operations in case of failure, potentially leaving them unable to cope with financial distress without another taxpayer bailout. JPMorgan Chase, ...

Tagged with: banks

SHARON, Vt. – An obelisk soars into the sky on a hill in central Vermont, marking the birthplace of the founder of the Church of Jesus Christ of Latter-day Saints – and perhaps heralding an immense, futuristic, utopia-like community based ...

Tagged with: commercial development

NEW YORK – Marriott International has cleared one of its major hurdles on its journey to acquire rival Starwood and become the world’s largest hotel chain. Shareholders in both Marriott and Starwood Hotels & Resorts Worldwide Inc. approved the $14.41 ...

Tagged with: hotel

NEW YORK (AP) — A judge in New York has given final approval to a deal calling for Wells Fargo Bank to pay $1.2 billion to the government to settle claims against it for improper mortgage lending practices. U.S. District ...

Tagged with: Wells Fargo

DETROIT (AP) — An administrative law judge says Quicken Loans and five affiliated companies must change rules that restrict what workers can say, how they should dress and what they should display at their desk. The judge, David Goldman, repeatedly ...

Tagged with: NLRB

WASHINGTON (AP) — Janet Yellen was put on the spot about whether she made a mistake in raising interest rates in December. Ben Bernanke was quizzed about what it felt like to be called a traitor by the governor of ...

Tagged with: Federal Reserve chair Janet Yellen

With scientists forecasting sea levels to rise by anywhere from several inches to several feet by 2100, historic structures and coastal heritage sites around the world are under threat. Some sites and artifacts could become submerged. Scientists, historic preservationists, architects ...

Tagged with: historic designation

LAS VEGAS (AP) — Casino mogul Steve Wynn wants to spend $1.5 billion reshaping a golf course behind the existing Wynn and Encore resort towers on the Las Vegas Strip into a 38-acre lagoon beside a 1,000-room hotel with a ...

Tagged with: hotel