Top News & Analysis Charlotte

  • 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...

  • CommunityOne posts 4Q profit Friday, 29 Jan 2016 | 8:29 AM ET

    CHARLOTTE, N.C. _ CommunityOne Bancorp on Friday reported fourth-quarter earnings of $356,000. The bank, based in Charlotte, North Carolina, said it had earnings of 1 cent per share. For the year, the company reported profit of $6.9 million, or 29 cents per share.

  • Park Sterling posts 4Q profit Thursday, 28 Jan 2016 | 9:33 AM ET

    CHARLOTTE, N.C. _ Park Sterling Corp. on Thursday reported fourth-quarter profit of $3.8 million. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 11 cents per share. Park Sterling shares have dropped roughly 7 percent since the beginning of the year.

  • Nucor reports 4Q loss Thursday, 28 Jan 2016 | 9:19 AM ET

    CHARLOTTE, N.C. _ Nucor Corp. on Thursday reported a fourth-quarter loss of $62 million, after reporting a profit in the same period a year earlier. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share. Nucor shares have decreased 11 percent since the beginning of the year, while the Standard& Poor's 500...

  • WASHINGTON— U.S. home prices increased at a faster clip in November, the gains fueled by solid hiring growth, historically low mortgage rates and a shortage of houses on the market. Four metro areas— Dallas, Denver, San Francisco and Portland Oregon— have either matched or eclipsed their all-time highs. Sales of existing homes rose 6.5 percent over the past year to...

  • 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...

  • Correction: Big Snowstorm-Airlines story Monday, 25 Jan 2016 | 11:52 AM ET

    In a story Jan. 24 about airports returning to service after a blizzard hit the East Coast, The Associated Press, relying on information from Delta Air Lines, erroneously reported that Delta's first flight out of John F. Kennedy International Airport after the blizzard was to Santiago, Chile. Airports in Washington, New York City and Baltimore were slowly...

  • LOS ANGELES— Hilton is launching a new hotel brand, focusing on budget travelers looking to spend $90 to $100 a night. The new brand, named Tru, aims to compete with economy and midscale chains like Comfort Inn, Fairfield Inn and La Quinta. Hilton Worldwide— which has more than 4,500 hotels globally— already has "limited service" brands like Hilton Garden Inn, Hampton...

  • Major East Coast airports slowly resume service Sunday, 24 Jan 2016 | 1:18 AM ET

    Airports in New York City, Philadelphia and Baltimore were resuming very limited service Sunday, a day after a punishing blizzard dumped two feet or more of snow and brought transportation to a standstill along the East Coast. Amtrak said it will continue a modified schedule between Boston and Washington Monday, with reduced service between Washington and...

  • *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...