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  • WASHINGTON, May 7- The number of Americans filing new claims for unemployment benefits held near a 15- year low last week in a sign that the labor market was strengthening despite moderate economic growth. Initial claims for state unemployment benefits rose 3,000 to a seasonally adjusted 265,000 for the week ended May 2, the Labor Department said on Thursday.

  • May 4- XPO Logistics Inc reported a smaller quarterly loss and struck its second deal in a week by agreeing to buy U.S.-based Bridge Terminal Transport for $100 million. XPO, which signed its biggest-ever deal last week by agreeing to buy France- based Norbert Dentressangle SA for $3.5 billion including debt, has become a one-stop shop in transportation...

  • WASHINGTON, May 4- New orders for U.S. factory goods recorded their biggest increase in eight months in March, boosted by demand for transportation equipment, but the underlying trend remained weak against the backdrop of a strong dollar. The report on Monday from the Commerce Department was the latest indication that the rebound from the first quarter's...

  • WASHINGTON, May 1- U.S. factory activity failed to gain steam in April after slowing for five straight months, but stronger-than-expected vehicle sales suggested the economy was finding some momentum after almost stalling in the first quarter. "The reacceleration in growth will not come fast enough for many, especially those looking for a liftoff by the Fed to...

  • NEW YORK, April 22- Bank of America Corp on Wednesday asked a federal appeals court to toss a $1.27 billion penalty imposed in a mortgage fraud case, and in a rare move asked that the prominent Manhattan judge who oversaw its trial be replaced if the case were to continue. Bank of America spokesman Lawrence Grayson declined to comment. Rakoff imposed the civil...

  • Bank of America settles currency-rigging lawsuit Thursday, 16 Apr 2015 | 12:00 PM ET

    NEW YORK, April 16- Bank of America Corp has settled its portion of a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the foreign exchange market. Bank of America is the third bank to settle investor claims related to the $5.3 trillion- a-day currency market. Scott& Scott said Bank of America's settlement will "mirror" the earlier...

  • *Nonfarm payrolls forecast rising 245,000 in March. WASHINGTON, April 3- U.S. job growth likely remained solid in March, which should allay fears over recent economic weakness and keep the Federal Reserve on course to start raising interest rates this year. The labor market has largely shrugged off a harsh winter, a buoyant dollar, weaker global demand and a...

  • LOS ANGELES, April 1- McDonald's Corp plans to raise the average pay of about 90,000 U.S. workers to around $10 an hour, but the increase will not benefit workers at the vast majority of the restaurants, because they are operated by franchisees, who make their own wage decisions. Wal-Mart Stores Inc and other retailers have introduced entry-level wage hikes in...

  • BOSTON, March 26- Bank of America Corp will not hold a shareholder vote on its decision to reunite the roles of chairman and chief executive officer, according to the bank's proxy statement filed on Thursday. But both also said they would support Bank of America directors this year after the bank separately adopted a rule change to make it easier for shareholders...

  • March 20- A federal judge rejected Bank of America Corp's request to dismiss a lawsuit in which Cook County, Illinois, accused the lender of targeting black and Hispanic borrowers in the Chicago area with subprime mortgages. District Judge Elaine Bucklo in Chicago said Cook County could pursue allegations that the bank steered minority borrowers into an...

  • WASHINGTON, March 19- The number of Americans filing new claims for unemployment benefits rose marginally last week, indicating the labor market remained on solid footing despite slowing economic growth. Growth has slowed in the first quarter, undercut by a harsh winter, a strong dollar, weaker overseas economies and a now-settled labor dispute at West Coast...

  • *Euro dips under $1.09; ECB to start bond buying next week. The euro fell below $1.09 for the first time since September 2003. "We feel the economy is in a position for the Fed to begin normalizing policy," said Sam Bullard, senior economist at Wells Fargo Securities in Charlotte, North Carolina.

  • FOREX-Dollar jumps after strong U.S. jobs report Friday, 6 Mar 2015 | 10:33 AM ET

    NEW YORK, March 6- The dollar jumped on Friday to an 11-1/ 2 year high against a basket of currencies as news of robust U.S. employment growth bolstered market sentiment that the Federal Reserve was closer to raising interest rates. Before a U.S. employment report on Friday, the dollar had already hit an 11-1/ 2 year high against the euro as interest rate differentials...

  • *Average hourly earnings rise three cents. WASHINGTON, March 6- U.S. employment growth accelerated in February and the jobless rate fell to a more than 6-1/ 2 year low of 5.5 percent, signs that could encourage the Federal Reserve to consider hiking interest rates in June. We think it is on the path to make a rate change in June, "said Sam Bullard, a senior economist at...

  • YOUR MONEY-Is organic chocolate worth the price? Wednesday, 11 Feb 2015 | 3:40 PM ET

    Feb 11- If you plunk down some big bucks for organic chocolate this Valentine's Day, your sweetie may or may not be impressed. Andy Ciordia, owner of The Secret Chocolatier in Charlotte, North Carolina, says consumers are most likely to notice that mass-produced chocolates using a cacao solution taste flatter than those made on a smaller scale and with natural...

  • NEW YORK, Feb 10- The U.S. Department of Justice said on Tuesday that it reached a settlement in its first-ever discrimination case against auto dealers who also finance the purchase of used cars. Two so-called "buy here, pay here" dealerships in Charlotte, North Carolina, Auto Fare Inc and Southeastern Auto Corp, agreed to set aside $225,000 to reimburse...

  • NEW YORK, Feb 3- A federal judge on Tuesday rejected Bank of America Corp's bid to throw out a jury verdict finding it liable for the sale of questionable loans to Fannie Mae and Freddie Mac before the financial crisis, which led to a $1.27 billion civil penalty. He also rejected Bank of America's alternative request for a new trial. The U.S. Department of Justice had...

  • Power House: Home to the Nascar Hall of Fame Thursday, 4 Sep 2014 | 1:41 PM ET
    Power House: Home to the Nascar Hall of Fame

    A look inside hot real estate in Charlotte, North Carolina, with Bonnie Papandrea, Wilkinson & Associates Real Estate.

  • Judge recommends dismissal of US suit against BofA Thursday, 27 Mar 2014 | 6:08 PM ET

    A US magistrate judge recommended dismissal of a lawsuit against Bank of America over $850 million in mortgage debt, according to a court filing.

  • BofA's trading practices have been probed: Filing Saturday, 25 Jan 2014 | 9:21 AM ET
    Bank of America in Times Square, New York.

    The DoJ and the CFTC have both held investigations into whether BofA engaged in improper trading by doing its own futures trades ahead of executing large orders for clients.