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  • WASHINGTON, March 11- U.S. import prices fell in February for an eighth straight month, weighed down by declining costs for petroleum and a range of other goods, but the pace of decline is slowing as the dollar's rally fades and oil prices stabilize. "We strongly feel that the peaks in both overall and core disinflation pressures are behind us," said John Ryding, chief...

  • Google has been expanding the service, which promises Internet speeds of up to 1,000 megabits per second, in several cities in the United States. The service is currently available in Atlanta, Austin, Charlotte, Kansas City, Nashville, Salt Lake City, San Antonio Provo, Utah, and Raleigh-Durham, North Carolina, according to the Google Fiber website.

  • WASHINGTON, March 1- U.S. manufacturing appeared to stabilize in February, with production accelerating and new orders holding steady at higher levels, in another dose of good news for the economy after growth slowed in the fourth quarter. "To be clear, none of this data are at levels suggesting a boom, far from it, but neither do they support the notion of an economy...

  • *Industrial production rises 0.9 percent in January. WASHINGTON, Feb 17- U.S. industrial production in January rose by the most in 14 months as manufacturing and utilities output increased, the latest sign the economy regained some ground early in the year. "This bounce is not terribly surprising because the economy is still growing and it fits with our call that...

  • *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.

  • 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.

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

  • 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.