Economy

Brazil's so-called economic miracle appears to have stalled, or worse, gone into reverse.

The company will pay up to $105 million in fines for failing to fix recalled vehicles in a timely manner. The automaker also agreed to pay top trade-in value for many cars that were subject to recall.

Iran's market of 80 million, well-educated consumers is not open yet, but French and other European business delegations are already flocking to the country. They will be the first in and have a head start, but analysts say American business could be the big winner in the end.

An Asheboro textile company that's been in business for over a century has been pivoting away from its once signature product. For years, Acme-McCrary thrived on manufacturing sheer pantyhose. It was steady work and always in demand. But when that industry began to decline, the company decided to shift to a new type of apparel. The Triad Business Journal's Katie Arcieri has been reporting on their transition. For this week's business report, she tells WFDD's Emily McCord that they're going seamless. 

The increase, which boosts the minimum wage for many fast-food workers from $8.75 to $15 over several years, needs the labor commissioner's OK. Franchise holders say they're being targeted unfairly.

Earlier this year, the online retailer eliminated managers and embraced "holacracy" — a system of self-governance. It's one of a handful of firms that's trying to make middle management obsolete.