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Top News & Analysis Charlotte


  • 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...

  • 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' rousing debut follows the January listing of cult hamburger chain Shake Shack Inc, whose shares have risen about 44 percent since the...

  • May 7- Chicken-and-biscuits restaurant chain Bojangles' Inc said its initial public offering of common shares was priced at $19, valuing the company at about $680 million.. The fast-casual restaurant chain's IPO raised about $147 million, with the majority of the proceeds going to its controlling shareholder, private equity firm Advent International Corp..

  • 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...

  • 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.

  • What's hot in the real estate market Thursday, 16 Jan 2014 | 8:00 AM ET
    New homes for sale at a housing development in Dublin, Calif., on Dec. 4, 2013.

    Investors are jumping back into the real estate market and reaping big payoffs in distressed properties, home rentals and multi-apartment dwellings.

  • Adult movie studios look for a better year Tuesday, 14 Jan 2014 | 7:00 AM ET
    Steve Hirsch, Vivid Entertainment

    2013 couldn't have gone much worse for the porn industry.

  • The healthiest housing markets? It'll surprise you Friday, 13 Dec 2013 | 12:37 PM ET
    San Jose, Calif.

    Who would have thought that five of Zillow's top 10 healthiest housing markets would be in this state?

  • Wow, Charlotte homes reasonably priced Thursday, 17 Oct 2013 | 1:45 PM ET
    Power House: Charlotte home for $729.999

    Bonnie Papandrea of Wilkinson & Associates ERA Powered, provides insight on how her business was impacted by the shutdown. Also, a peak at 3 property listings in Charlotte, North Carolina.

  • White House to help broke Detroit demolish buildings Friday, 27 Sep 2013 | 10:43 AM ET
    Ruins at the abandoned Packard Automotive Plant are seen in Detroit, Michigan.

    The Obama administration proposed a $300 million aid package to help Detroit demolish buildings, improvement transportation and bolster the police.

  • Pulse on Charlotte Real Estate Thursday, 9 May 2013 | 1:45 PM ET
    Pulse on Charlotte Real Estate

    Bonnie Papandrea, Wilkinson & Associates powered by ERA, explains what money can buy you in Charlotte, North Carolina.

  • Bank of America's Moynihan Gets 73% Pay Increase Wednesday, 20 Feb 2013 | 2:09 AM ET
    Brian Moynihan, CEO of Bank of America

    Bank of America CEO Brian Moynihan got a 73% pay increase in 2012, when the bank resolved crisis-era lawsuits and its stock was one of the sector's top performers.

  • Nov 6- The government's investigation of mortgage-related practices at Wells Fargo& Co includes the making and packaging of home loans by its Wachovia unit, the bank said in a filing Tuesday.