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Top News & Analysis Charlotte

  • *Core capital goods orders fall 0.1 percent in June. WASHINGTON, July 27- Shipments of key U.S.-made capital goods increased in June for a fifth straight month, suggesting that business spending on equipment helped to boost economic growth in the second quarter. The only risk we see is that the economy is running out of workers to do the heavy lifting and make us...

  • *Core capital goods orders fall 0.1 percent in June. WASHINGTON, July 27- New orders for key U.S.-made capital goods unexpectedly fell in June, but a fifth straight monthly increase in shipments suggested that business spending on equipment helped to boost economic growth in the second quarter. The only risk we see is that the economy is running out of workers to...

  • CHARLOTTE, N.C. _ Park Sterling Corp. on Thursday reported second-quarter net income of $8.5 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • CHARLOTTE, N.C. _ Tree.com Inc. on Thursday reported second-quarter profit of $7.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share. Four analysts surveyed by Zacks expected $135.5 million.

  • CHARLOTTE, N.C. _ Curtiss-Wright Corp. on Wednesday reported second-quarter net income of $50.7 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share. Four analysts surveyed by Zacks expected $549.4 million.

  • CHARLOTTE, N.C. _ Capital Bank Financial Corp. on Thursday reported second-quarter net income of $23.8 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share. Capital Bank shares have declined almost 2 percent since the beginning of the year.

  • CHICAGO— President Donald Trump's administration has ended Affordable Care Act contracts that brought assistance into libraries, businesses and urban neighborhoods in 18 cities, meaning shoppers on the insurance exchanges will have fewer places to turn for help signing up for coverage. People will have 45 days to shop for 2018 coverage, starting Nov. 1 and...

  • CHARLOTTE, N.C. _ Nucor Corp. on Thursday reported second-quarter earnings of $323 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share. Nucor shares have increased nearly 2 percent since the beginning of the year, while the Standard& Poor's 500 index has risen 10 percent.

  • WASHINGTON, July 18- U.S. import prices fell for a second straight month in June amid further declines in the cost of petroleum products, suggesting inflation could remain benign in the near term. "The focus should be on the dollar," said John Ryding, chief economist at RDQ Economics in New York. The Labor Department said on Tuesday that import prices decreased 0.2...

  • All of our businesses delivered strong results, with several setting new records, "said Chief Executive Officer Brian Moynihan said. The bank's total revenue of $23.07 billion handsomely beat the average analyst estimate of $21.78 billion. Earnings per share came in at 46 cents, topping the estimate of 43 cents.

  • NEW YORK— Consumer banking giant Bank of America reported a 10 percent rise in second-quarter profits on Tuesday as gains from higher interest rates were more than enough to offset a drop in trading revenue. Like its competitors, Bank of America benefited from rising interest rates. Because of its large consumer banking division, Bank of America's fortunes, as...

  • CHARLOTTE, N.C.— The Latest on ACC media days:. But to listen to Mendenhall at the start of Friday's interviews at the ACC media days, he was ready for a rebuild after what he described as "an intentional choice. Virginia went 2-10 in Mendenhall's first season with one ACC win.

  • Thursday's data from the Labor Department underscored labor market buoyancy and suggested that there was enough momentum in the economy to generate some inflation, even though price pressures still remain moderate. Inflation isn't slip-sliding away from the Fed's goal, "said Chris Rupkey, chief economist at MUFG in New York. Initial claims for state...

  • NEW YORK, July 12- The Dow rose to a record high close while U.S. stocks kept their upward momentum Wednesday following Federal Reserve Chair Janet Yellen's congressional testimony to gradually raise interest rates. Yellen's speech was a nod to Wall Street as the Fed signaled it will gradually tighten policy and gradually unwind its massive balance sheet.

  • WASHINGTON, July 11- U.S. job openings fell in May from a record high amid a surge in hiring, but an increase in the number of Americans voluntarily quitting their jobs suggested the labor market remained robust. Job openings, a measure of labor demand, decreased 301,000 to a seasonally adjusted 5.7 million, the Labor Department said in its monthly Job Openings and...

  • WASHINGTON, July 7- U.S. employers likely stepped up hiring in June and boosted wages for workers, signs of labor market strength that could keep the Federal Reserve on course for a third interest rate increase this year. According to a Reuters survey of economists, the Labor Department's closely watched employment report on Friday will probably show that...

  • July 3- Bankrate, an online publisher of personal finance content, said on Monday it would be acquired by digital marketing company Red Ventures for $1.24 billion. Charlotte, North Carolina- based Red Ventures' investors include Silver Lake Partners and General Atlantic. Simpson Thacher& Bartlett LLP is Red Ventures' legal adviser.

  • June 30- Warren Buffett's company will become the biggest shareholder in Bank of America Corp, after Berkshire Hathaway Inc on Friday invoked its right to acquire 700 million shares of the second-largest U.S. bank. Berkshire will take a roughly 7 percent ownership stake, worth about $17 billion based on Bank of America's closing price of $24.32 on Thursday.

  • June 30- Warren Buffett's Berkshire Hathaway Inc will swap its preferred shares in Bank of America Corp into common shares worth about $17 billion, making it the biggest shareholder of lender. Buffett had bought $5 billion of Bank of America preferred stock with a 6 percent dividend, or $300 million annually, in August 2011, when investors worried about the...

  • June 28- Warren Buffett's Berkshire Hathaway Inc may be on the verge of becoming Bank of America Corp's largest shareholder, after the bank raised its dividend in the wake of a positive assessment of its ability to handle market stresses. Bank of America on Wednesday boosted its annual dividend 60 percent to 48 cents per share from 30 cents, beginning in the third...