Top News & Analysis Charlotte

  • Man in apartment, living, real estate

    Within a number of major metro areas, it now costs more to rent an average one-bedroom home than it does to rent a two-bedroom.

  • WASHINGTON, Sept 14- U.S. import prices fell for the first time in six months in August on weak petroleum and food costs, but the declining trend is slowing as oil prices stabilize and the dollar's rally fades. Still, Wednesday's report from the Labor Department suggested the near-term inflation outlook would remain tame, strengthening the argument for the...

  • WASHINGTON, Sept 2- U.S. employment growth slowed more than expected in August after two straight months of robust gains and wages were tepid, which could effectively rule out an interest rate increase from the Federal Reserve this month. Nonfarm payrolls rose by 151,000 jobs last month after an upwardly revised 275,000 increase in July, with hiring in...

  • WASHINGTON, Sept 2- U.S. employment growth slowed more than expected in August after two straight months of robust gains and wages were tepid, which could effectively rule out an interest rate increase from the Federal Reserve this month. Nonfarm payrolls rose by 151,000 jobs last month after an upwardly revised 275,000 increase in July, with hiring in...

  • Aug 31- The U.S. government on Wednesday granted eight U.S. airlines permission to begin scheduled commercial flights to Havana starting as early as this fall, with American Airlines Group Inc being awarded 35 direct flights a week. The U.S. Transportation Department granted 20 daily Havana flights now after previously assigning routes to several Cuban...

  • Aug 31- The U.S. government on Wednesday granted eight U.S. airlines permission to begin scheduled commercial flights to Havana starting as early as this fall, with American Airlines Group Inc being awarded 35 direct flights a week. The U.S. Transportation Department granted 20 daily Havana flights now after previously assigning routes to several Cuban...

  • WASHINGTON, Aug 23- New U.S. single-family home sales unexpectedly surged in July, reaching their highest level in nearly nine years amid robust demand, brightening the housing market outlook and bolstering views that economic growth will pick up in the third quarter. "A very rosy picture is beginning to emerge on the housing market, pointing to sustained...

  • BOSTON, Aug 17- Hedge fund Maglan Capital demanded on Wednesday that telecom carrier FairPoint Communications remove four board members, stepping up pressure on a company whose shares it believes could trade 70 percent above their current value. In a letter sent to the board and FairPoint Chief Executive Paul Sunu and seen by Reuters, the hedge fund's two...

  • BOSTON, Aug 17- Hedge fund Maglan Capital on Wednesday demanded that telecom carrier FairPoint Communications remove four board members, stepping up the pressure on a company whose shares it thinks could trade 70 percent above their current value. In a letter sent to the board and FairPoint Communications CEO Paul Sunu on Wednesday, and seen by Reuters, the...

  • WASHINGTON, Aug 11- The number of Americans filing for unemployment benefits fell last week, pointing to sustained labor market strength in early August that could help spur faster economic growth. "The data remain consistent with a still-strong trend in employment growth, which means the backdrop for consumer spending remains favorable," said Jim O'Sullivan,...

  • Top Cities to start businesses

    CNBC ranks the emerging hot spots for small businesses based on their tax and regulatory climate, low cost of living and skilled workforce.

  • The international business- spanning Argentina, Brazil, Chile, Ecuador, El Salvador, Guatemala and Peru- accounted for about 5 percent of the company's total operating revenue in the second quarter. The company's international energy business, reported a quarterly loss of $102 million, compared with a profit of $52 million, a year earlier, hurt by an impairment...

  • The company's international energy business, however, reported a loss of $102 million, compared with a year-earlier profit of $52 million. Duke has engaged advisers to sell its assets in Brazil, Argentina and Chile. The net income attributable to the company fell to $509 million, or 74 cents per share, in the second quarter, from $543 million, or 78 cents per share, a...

  • WASHINGTON, Aug 1- U.S. manufacturing activity eased in July amid shrinking order backlogs and declining employment, while an unexpected drop in construction spending in June suggested second-quarter economic was probably even weaker than reported last week. The Institute for Supply Management's report on Monday also showed manufacturers ramping up...

  • WASHINGTON, July 29- U.S. economic growth unexpectedly remained tepid in the second quarter as inventories fell for the first time in nearly five years and business investment weakened further, offsetting robust consumer spending. Gross domestic product increased at a 1.2 percent annual rate after rising by a downwardly revised 0.8 percent pace in the first...

  • *Second-quarter GDP rises at a 1.2 percent rate. WASHINGTON, July 29- U.S. economic growth unexpectedly remained tepid in the second quarter as inventories fell for the first time in nearly five years and business investment remained weak, offsetting robust consumer spending. Gross domestic product increased at a 1.2 percent annual rate after rising by a...

  • NBA strips Charlotte of 2017 All-Star Game

    CNBC's Dominic Chu reports that the NBA has officially pulled the 2017 All-Star Game from Charlotte, North Carolina due to the state's controversial bathroom law.

  • Like other lenders, the Charlotte, N.C.- based bank has been struggling under the weight of low rates for years, but analysts say Bank of America is particularly sensitive to the issue because of how management has positioned its balance sheet. Chief Executive Brian Moynihan announced a new expense target of $53 billion for 2018. Bank of America did not previously...

  • Like other lenders, the Charlotte, N.C.- based bank has been struggling under the weight of low rates for years, but analysts say Bank of America is particularly sensitive to the issue because of how management has positioned its balance sheet. Chief Executive Brian Moynihan announced a new expense target of $53 billion for 2018. Bank of America did not previously...

  • Like other lenders, the Charlotte, N.C.- based bank has been struggling under the weight of low rates for years, but analysts say Bank of America is particularly sensitive to the issue because of how management has positioned its balance sheet. Chief Executive Brian Moynihan announced a new expense target of $53 billion for 2018. That's $3.3 billion less than the...