Business

Wells Fargo is being fined a combined $1 billion by two federal regulators for abuses tied to its mortgage and auto lending businesses.

Bank of America will no longer lend money to gun manufacturers that make military-inspired firearms for civilian use.

Bojangles chief executive Clifton Rutledge is stepping down after four years on the job for personal reasons.

Duke Energy is reporting a profit of $703 million in the last three months of 2017. The company says cold weather boosted energy use, expenses were lower and it benefited from changes in the federal tax law.

A bankruptcy court filing shows that a high-tech battery maker in Concord has found a buyer for most of its assets. The filing by Alevo Manufacturing Inc. says an unidentified bidder has contracted to buy most of the equipment, raw materials and other assets for $5 million.

Bank of America said Wednesday that its fourth-quarter profits fell by nearly half from a year ago, as the bank had to record $2.9 billion in charges related to the new tax law. But setting aside those charges, the bank is showing signs that whatever damage was left over from the financial crisis is largely healed.

Confirming iPhone owners' suspicions that Apple purposefully slows the operation of older phones, Apple says that it does just that — and that slowing down processors makes it easier for old batteries to perform after they've begun to lose capacity.

Campbell Soup Co. said Monday will pay $50 a share in cash to acquire Charlotte-based snack maker Snyder's-Lance Inc.  That puts the deal's value at $4.87 billion.

Stanley Black & Decker says it will build a $31 million power tool manufacturing plant near Fort Mill, S.C., south of Charlotte.  The plant will make Dewalt cordless tools, and is expected to employee about 500 people.