Top News & Analysis Charlotte

  • Sealed Air tops 4Q profit forecasts Wednesday, 10 Feb 2016 | 7:45 AM ET

    CHARLOTTE, N.C. _ Sealed Air Corp. on Wednesday reported fourth-quarter earnings of $123.5 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share. Sealed Air expects full-year earnings in the range of $2.52 to $2.60 per share, with revenue expected to be $6.8 billion.

  • Premier Inc. reports 2Q loss Monday, 8 Feb 2016 | 4:16 PM ET

    CHARLOTTE, N.C. _ Premier Inc. on Monday reported a loss of $54.4 million in its fiscal second quarter. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share. Premier Inc. shares have decreased 15 percent since the beginning of the year.

  • EDEN, N.C.— Giant earthmoving machines beep and grind as they drop 17- ton scoops of coal ash and dirt into dozens of railroad cars lined up for two-thirds of a mile at a site along the Virginia- North Carolina border, where the country's largest electricity company was responsible for one of the worst spills of the toxic, liquefied waste in U.S. history.

  • Carlisle beats Street 4Q forecasts Thursday, 4 Feb 2016 | 6:45 AM ET

    CHARLOTTE, N.C. _ Carlisle Cos. Inc. on Thursday reported fourth-quarter net income of $81.8 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share. Three analysts surveyed by Zacks expected $846.2 million.

  • GLOBAL MARKETS-Stocks slide as oil prices dive again Tuesday, 2 Feb 2016 | 4:23 PM ET

    *U.S. crude settles below $30/ barrel. NEW YORK, Feb 2- U.S. and European stock indexes fell sharply on Tuesday and buyers sought safe-haven government bonds after another tumble in depressed oil prices. Benchmark Brent crude settled down 4.4 percent, while U.S. crude fell 5.5 percent, settling below $30 a barrel.

  • *U.S. crude settles below $30/ barrel. NEW YORK, Feb 2- U.S. and European stock indexes fell sharply on Tuesday and buyers sought safe-haven government bonds after another tumble in depressed oil prices. Benchmark Brent crude settled down 4.4 percent, while U.S. crude fell 5.5 percent, settling below $30 a barrel.

  • Feb 2- U.S. stocks extended their selloff in early afternoon trading on Tuesday as falling oil prices heightened concerns regarding the health of the global economy and investors sought safer investments. Brent oil fell nearly 6 percent, while U.S. crude briefly slid below $30 per barrel, as hopes for a deal between OPEC and Russia on output cuts faded.

  • US STOCKS-Wall St dips as oil extends selloff Tuesday, 2 Feb 2016 | 11:35 AM ET

    Feb 2- Wall Street was sharply lower on Tuesday as falling oil prices heightened concerns regarding the health of the global economy and investors sought safer investments. Brent oil fell more than 5 percent, while U.S. crude briefly slid below $30 per barrel, as hopes for a deal between OPEC and Russia on output cuts faded. "We still haven't broken the correlation...

  • NEW YORK, Jan 26- Annualized U.S. single-family home prices rose more than expected in November and at the fastest pace in 16 months, a closely watched survey showed on Tuesday. Home prices in three U.S. cities, Dallas, Denver and Portland, Oregon, are now at record levels, the survey showed. San Francisco matched its previous peak and Charlotte, North Carolina, is less...

  • *Fourth-qtr EPS $0.29 vs. est. Bank of America said on Tuesday its provision for credit losses in global banking increased by $264 million in the quarter ended Dec. 31, mainly due to higher energy-related charge-offs and reserve increases for energy exposure. The bank has $21.3 billion in energy-related loans, representing about 2 percent of total loans, Chief...

  • Reflecting this, Bank of America's provision for credit losses in global banking increased by $264 million in the quarter ended Dec. 31, mainly due to higher energy-related charge-offs and reserve increases for energy exposure. BofA said its net income attributable to common shareholders rose to $3.01 billion, or 28 cents per share, in the quarter, from $2.74...

  • BofA, the No. 2 U.S. bank by assets, said its net income attributable to common shareholders rose to $3.01 billion, or 28 cents per share, in the three months ended Dec. 31, from $2.74 billion, or 25 cents per share, a year earlier. BofA, whose shares were up 1.6 percent in premarket trading, has been hit by high legal costs since the financial crisis, undermining many of the...

  • WASHINGTON, Jan 14- The number of Americans filing for unemployment benefits unexpectedly rose last week, but remained at levels associated with a healthy labor market. Initial claims for state unemployment benefits increased 7,000 to a seasonally adjusted 284,000 for the week ended Jan. 9, the Labor Department said. "Claims are still low from a historical...

  • CHARLOTTE, N.C., Dec 18- Federal Reserve forecasts pointing to four interest rate hikes in 2016 show what the U.S. central bank means when it says it anticipates raising rates at a "gradual pace," Richmond Fed President Jeffrey Lacker said on Friday. "That's half the rate at which we raised rates in the last tightening cycle. So that's what' gradual' means to me, "Lacker told...

  • CHARLOTTE, N.C., Dec 18- Federal Reserve forecasts pointing to four interest rate hikes in 2016 show what the U.S. central bank means when it says it anticipates raising rates at a "gradual pace," Richmond Fed President Jeffrey Lacker said on Friday. "That's half the rate at which we raised rates in the last tightening cycle. So that's what' gradual' means to me, "Lacker told...

  • WASHINGTON, Dec 17- The number of Americans filing for unemployment benefits last week fell from a five-month high, suggesting sustained labor market healing that could lead to further Federal Reserve interest rate hikes next year. The Fed has achieved the employment part of its dual mandate and this is what triggered the rates liftoff yesterday, "said Chris...

  • WILKESBORO, North Carolina, Dec 7- Procedures for protecting drug-exposed babies are haphazard in North Carolina. "There was no report or notification to the Wilkes County Department of Social Services when the newborn tested positive at birth for marijuana and opiates by the Wilkes Regional Medical Center," the report said. But when Reuters recently asked...

  • BROOKSVILLE, Florida, Dec 7- Jennifer Lacey Frazier recently completed drug treatment and parenting classes. In December 2011, Frazier gave birth to Jacey at a hospital in Charlotte, North Carolina. Records show the North Carolina hospital did precisely that.

  • INSIGHT-U.S. debt limit threat defanged on Wall Street Wednesday, 2 Dec 2015 | 1:00 AM ET

    WASHINGTON, Dec 2- Wall Street trembled when Republicans first began threatening to force the United States into default by not raising the federal debt limit, but after four years of fiscal standoffs, the threat looks increasingly like a bluff and the markets are calling it. "The near-death experience we had in 2011 has given us the sense that we're not going to do...

  • NEW YORK, Nov 10- U.S. prosecutors on Tuesday unveiled expanded criminal charges against three men in connection with a massive 2014 cyberattack against JPMorgan Chase& Co and the hacking of several other major financial companies and financial news publishers. The hacking of JPMorgan's computers compromised information in 83 million household and small...