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Top News & Analysis Charlotte

  • CHARLOTTE, N.C. _ Sonic Automotive Inc. on Wednesday reported a first-quarter loss of $541,000, after reporting a profit in the same period a year earlier. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 23 cents per share. Sonic Automotive shares have dropped roughly 10 percent since the beginning of the...

  • NEW YORK, April 21- U.S. stocks have struggled since the timeline for the Trump administration's pro-growth agenda came into question, but investors appear confident that next week's deadline that could shut down the federal government will not become another market hurdle. Funding for a proposed border wall with Mexico or stripping federal resources from...

  • NEW YORK, April 21- U.S. stocks have struggled since the timeline for the Trump administration's pro-growth agenda came into question, but investors appear confident that next week's deadline that could shut down the federal government will not become another market hurdle. Funding for a proposed border wall with Mexico or stripping federal resources from...

  • CHARLOTTE, N.C. _ Capital Bank Financial Corp. on Friday reported first-quarter profit of $20.9 million. Capital Bank shares have risen slightly more than 9 percent since the beginning of the year. Keywords: Capital Bank, Earnings Report.

  • CHARLOTTE, N.C. _ Nucor Corp. on Thursday reported first-quarter profit of $356.9 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share. Nucor shares have dropped 3 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed slightly more than 4 percent.

  • The second-largest U.S. bank said net income attributable to shareholders rose to $4.35 billion in the three months ended March 31 from $3.02 billion a year earlier. Earnings per share rose to 41 cents per share from 28 per share. The Charlotte, North Carolina- based bank's shares were up about 1 percent at $23.05 in premarket trading.

  • NEW YORK— Bank of America's first quarter profits grew nearly 40 percent, the bank said Tuesday, helped by higher interest rates as well as a strong performance in its investment banking division. On a per-share basis, Bank of America earned 41 cents per share, beating the 35 cents that analysts were looking for. Like its major competitors, JPMorgan Chase, Citigroup...

  • RALEIGH, N.C.— Bank of America settled a decades-old case that accused its predecessor company of systematically discriminating against black applicants for entry-level jobs in Charlotte, the U.S. Labor Department said Monday. Bank of America's penalty roughly corresponds to what a Labor Department review board last year determined it should pay,...

  • April 10- An investigation by Wells Fargo& Co's board laid blame for the company's unauthorized accounts scandal on a high-pressure sales culture and a retail executive obsessed with stamping out negative views about her division. The report, carried out by board Chairman Stephen Sanger and three other independent directors and released to media on Monday,...

  • The report, carried out by board Chairman Stephen Sanger and three other independent directors and released to media on Monday, said former retail division head Carrie Tolstedt ignored the systemic nature of abusive sales practices and accused her of obstructing the board's efforts to get to the bottom of an issue that festered for years.

  • The probe into how the San Francisco- based bank could have allowed abusive sales practices to fester for years at its branch network laid most of the blame on the former head of the retail division, Carrie Tolstedt, and some of her management team, in a report released to media on Monday. In the report, which was carried out by the bank's chairman Stephan Sanger and...

  • The probe into how the San Francisco- based bank could have allowed abusive sales practices to fester for years at its branch network laid most of the blame on the former head of the retail division, Carrie Tolstedt, and some of her management team, in a report released to media on Monday. In the report, which was carried out by the bank's chairman Stephan Sanger and...

  • NEW YORK, April 7- Wall Street's top banks see the Federal Reserve laying out by year end its plan to scale back reinvestments in Treasuries and mortgage-backed securities in order to begin shrinking its $4.5 trillion balance sheet, a Reuters poll showed on Friday. The median view of 11 dealers was for the Fed to eventually shrink its balance sheet to $2.75...

  • NEW YORK, April 7- Wall Street's top banks see the Federal Reserve laying out by year end its plan to scale back reinvestments in Treasuries and mortgage-backed securities in order to begin shrinking its $4.5 trillion balance sheet, a Reuters poll showed on Friday. The median view of 11 dealers was for the Fed to eventually shrink its balance sheet to $2.75...

  • *Nonfarm payrolls forecast increasing 180,000 in March. WASHINGTON, April 7- U.S. job growth likely slowed in March after unseasonably mild weather boosted hiring over the prior two months, but the pace of gains should underscore the economy's strength despite a recent slowdown in economic growth. The Labor Department will release its closely watched...

  • WASHINGTON, March 31- U.S. consumer spending barely rose in February amid delays in the payment of income tax refunds, but the biggest annual increase in inflation in nearly five years supported expectations of further interest rate hikes this year. The slowdown in consumer spending reported by the Commerce Department on Friday is, however, likely to be...

  • WASHINGTON, March 29- Contracts to buy previously owned U.S. homes jumped to a 10- month high in February, pointing to robust demand for housing ahead of the busy spring selling season. The report on Wednesday from the National Association of Realtors suggested higher home prices and mortgage rates were having little impact on the housing market for now,...

  • NEW YORK, March 28- Wall Street followed gains in stocks globally on Tuesday after U.S. consumer confidence soared to a more than 16- year high, while the U.S. dollar bounced from a four-month low to post its best day in nearly a month. On Wall Street, cyclical sectors led the way higher after the strong consumer confidence data boosted investor views that the U.S....

  • March 27- Sealed Air Corp said it would sell its cleaning and chemicals systems division, Diversey Care, and its food hygiene and cleaning business to Bain Capital Private Equity for about $3.2 billion, as it focuses on its higher-margin businesses. Sealed Air acquired Diversey in 2011 from its controlling shareholders, the Johnson family and private equity...

  • WASHINGTON, March 24- New orders for U.S.-made capital goods unexpectedly fell in February, but a surge in shipments amid demand for machinery and electrical equipment supported expectations for an acceleration in business investment in the first quarter. "The evidence is building that manufacturing activity is on something of an upswing and that capital...