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Top News & Analysis Charlotte

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  • CHARLOTTE, N.C. _ CommunityOne Bancorp on Thursday reported second-quarter net income of $2.5 million. The Charlotte, North Carolina- based bank said it had earnings of 10 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • CHARLOTTE, N.C. _ Extended Stay America Inc. on Thursday reported second-quarter profit of $58 million. Extended Stay America expects full-year revenue in the range of $1.28 billion to $1.3 billion. Extended Stay America shares have dropped nearly 6 percent since the beginning of the year.

  • CHARLOTTE, N.C. _ Sealed Air Corp. on Thursday reported second-quarter profit of $28.1 million. Sealed Air expects full-year earnings in the range of $2.24 to $2.28 per share. Sealed Air shares have increased 19 percent since the beginning of the year, while the Standard& Poor's 500 index has risen slightly more than 2 percent.

  • SPX tops Street 2Q forecasts Wednesday, 29 Jul 2015 | 6:45 AM ET

    CHARLOTTE, N.C. _ SPX Corp. on Wednesday reported second-quarter net income of $38.9 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share. Ten analysts surveyed by Zacks expected $1.05 billion.

  • WASHINGTON— The U.S. housing market has sizzled this summer, lifting expectations that home sales will finally help drive an economic expansion now in its seventh year. Signs are emerging that housing's momentum may be destined to falter in coming months. Analysts note that some of the key foundations needed to sustain a brisk pace of home-buying in the long run...

  • Nucor tops 2Q profit forecasts Thursday, 23 Jul 2015 | 9:09 AM ET

    CHARLOTTE, N.C. _ Nucor Corp. on Thursday reported second-quarter profit of $124.8 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share. Nucor shares have fallen 14 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed roughly 3 percent.

  • Park Sterling posts 2Q profit Thursday, 23 Jul 2015 | 8:39 AM ET

    CHARLOTTE, N.C. _ Park Sterling Corp. on Thursday reported second-quarter net income of $4.3 million. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 10 cents per share. Park Sterling shares have decreased slightly since the beginning of the year.

  • Carlisle beats 2Q profit forecasts Thursday, 23 Jul 2015 | 6:12 AM ET

    CHARLOTTE, N.C. _ Carlisle Cos. Inc. on Thursday reported second-quarter profit of $94.9 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Bank of America CFO steps down in shake-up Wednesday, 22 Jul 2015 | 7:24 PM ET

    NEW YORK— Bank of America's second-in-command is out of a job following a management shake-up announced late Wednesday. Bruce Thompson, Bank of America's chief financial officer for the last five-and-a-half years, will be stepping down, CEO Brian Moynihan announced. Smith will also be responsible for Bank of America Corp. passing the Federal Reserve's...

  • RALEIGH, N.C.— A coalition of environmental groups is supporting Duke Energy's effort to dismiss part of long-running lawsuit over pollution leaking from the company's coal ash dumps. "It is good news that Duke Energy has now publicly committed to do the right thing at half of its coal plant sites in North Carolina. The seven plants that would be cleaned up under...

  • WASHINGTON— Americans bought homes in June at the fastest rate in over eight years, pushing prices to record highs as buyer demand has eclipsed the availability of houses on the market. The National Association of Realtors said Wednesday that sales of existing homes climbed 3.2 percent last month to a seasonally adjusted annual rate of 5.49 million, the...

  • Sonic Automotive misses 2Q profit forecasts Monday, 20 Jul 2015 | 7:39 AM ET

    CHARLOTTE, N.C. _ Sonic Automotive Inc. on Monday reported second-quarter net income of $14.8 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share. Sonic Automotive shares have decreased slightly more than 8 percent since the beginning of the year.

  • *Core capital goods orders rise 0.4 percent in May. WASHINGTON, June 23- A gauge of U.S. business investment spending plans rose in May, a tentative sign that the manufacturing sector was stabilizing after hitting a soft patch in recent months. The Commerce Department said non-defense capital goods orders excluding aircraft, a closely watched proxy for business...

  • *Core capital goods orders rise 0.4 percent in May. WASHINGTON, June 23- A gauge of U.S. business investment spending plans rose in May, a tentative sign that the manufacturing sector was stabilizing after going into a slump late last summer. The Commerce Department said non-defense capital goods orders excluding aircraft, a closely watched proxy for business...

  • *New York state factory activity gauge falls in June. WASHINGTON, June 15- U.S. industrial production unexpectedly fell in May as manufacturing and mining activity remained weak, a sign that a strong dollar and spending cuts in the energy sector continued to constrain economic growth. The challenges of the stronger dollar and drop in energy prices linger, "said...

  • WASHINGTON, June 8- A Republican businessman said on Monday he is pouring millions of dollars into a foundation that sees opportunities where the majority of his fellow party members do not: easing climate change and speeding the country's transition to clean energy. Jay Faison of Charlotte, North Carolina, has given $165 million to Clearpath, his foundation...

  • June 8- When Christel Shea was trying to book a trip from Providence, Rhode Island to Greenville, South Carolina a couple of weeks ago, it took more than one online search for her to identify that the best buy was to fly into Charlotte, North Carolina and rent a car for the hour-long drive. Shea, managing director of the group tour research site TourMatters.com, used a...

  • WASHINGTON, June 1- U.S. consumer spending growth unexpectedly stalled in April as households cut back on purchases of automobiles and continued to boost savings, suggesting the economy was struggling to gain momentum early in the second quarter. The Commerce Department said April's unchanged reading in consumer spending growth compared with analysts'...

  • WASHINGTON, June 1- U.S. consumer spending unexpectedly stalled in April as households cut back on purchases of automobiles and continued to boost savings, suggesting the economy was struggling to gain momentum early in the second quarter. We need to see more of a rebound in growth before the Fed pulls the trigger on interest rates, "said Diane Swonk, chief...

  • May 8- Shares of Bojangles Inc rose as much as 47 percent in their debut, valuing the chicken-and-biscuits restaurant chain at nearly $1 billion, as investor appetite for "fast-casual" dining chains continues unabated. Bojangles, which operates in the fastest-growing but crowded restaurant segment, serves southern U.S.-inspired food, including buttermilk...