Economy

China's main stock index, the Shanghai Composite Index, fell 8.5 percent Monday in the biggest percentage drop in eight years. The Chinese market had been making a comeback from a serious sell-off earlier this summer, but now much of that gain has been lost.

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.