GO
Loading...

Charlotte

More

  • US judge slaps $1.3B fine on Bank of America Wednesday, 30 Jul 2014 | 4:58 PM ET

    NEW YORK— A federal judge imposed a $1.3 billion civil penalty against Bank of America on Wednesday for its role in selling risky mortgages to Fannie Mae and Freddie Mac that were advertised as safe investments. The fine was against Countrywide Financial, which Bank of America purchased in 2008 as the financial crisis was unfolding.

  • NEW YORK, July 30- A federal judge on Wednesday ordered Bank of America Corp to pay a $1.27 billion penalty for fraud over shoddy mortgages sold by the former Countrywide Financial Corp..

  • NEW YORK, July 30- A federal judge on Wednesday ordered Bank of America Corp to pay $1.27 billion of damages after a federal jury found the second-largest U.S. bank liable for fraud over defective mortgages sold by its Countrywide unit.

  • Business Highlights Tuesday, 29 Jul 2014 | 6:03 PM ET

    SAN FRANCISCO— Dustin Moskovitz has learned a lot about communication since he teamed up with his college roommate Mark Zuckerberg to create Facebook a decade ago.

  • *Nonfarm payrolls forecast rising 233,000 in July. WASHINGTON, July 29- U.S employment growth likely retained enough momentum in July to help buoy the economy for the rest of the year. The recovery is on solid ground and we are expecting the data to show that in the month of July, "said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ in New York.

  • US home price gains slow for 6th straight month Tuesday, 29 Jul 2014 | 9:04 AM ET

    WASHINGTON— U.S. home prices rose in May from a year earlier at the weakest pace in 15 months as sales remain modest in the spring buying season. That's down from 10.8 percent in the previous month and the smallest annual gain since February 2013. They accelerated in Charlotte, North Carolina, and were flat in Tampa, Florida.

  • NEW YORK, July 29- When Harvey Montijo first moved in with his wife Natalie, he remembers exactly how long it took to get into a tiff about household temperature. "Right from the get-go," remembers the 31- year-old orthopedic resident in Charlotte, North Carolina.

  • Duke agrees to $1.2B deal with ElectriCities Monday, 28 Jul 2014 | 1:31 PM ET

    RALEIGH, N.C.— Duke Energy Progress has agreed to purchase the generating capacity of ElectriCities in a $1.2 billion deal expected to translate into lower power bills for thousands of eastern North Carolina residents.

  • Dollar Tree buying Family Dollar for $8.5 billion Monday, 28 Jul 2014 | 6:21 AM ET

    NEW YORK— Dollar Tree is buying rival discounter Family Dollar, giving it a wider reach in the intensifying fight for deal-seeking customers. On Monday, Dollar Tree CEO Bob Sasser noted that his company and Family Dollar have different business models.

  • WASHINGTON, July 25- A mixed reading on the health of U.S. business investment on Friday suggested the economy may not have rebounded as strongly in the second quarter as previously believed, but it offered hope for the rest of 2014..

  • By a 2-1 vote, a panel of the 11th U.S. Circuit Court of Appeals in Miami said on Thursday that U.S. courts lack power to review the claims because all relevant conduct took place outside the country and Chiquita's mere presence in the United States did not confer jurisdiction.

  • WASHINGTON, July 24- The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/ 2 years last week, suggesting the labor market recovery was gaining traction. "The economy is doing better," said Ryan Sweet, a senior economist at Moody's Analytics in West Chester, Pennsylvania.

  • *Weekly jobless claims fall 19,000. WASHINGTON, July 24- The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/ 2 years last week, suggesting the labor market recovery was gaining traction.

  • WASHINGTON, July 24- The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/ 2 years last week, suggesting the labor market recovery was gaining traction.

  • Fortune 500 firm Sealed Air moving HQ to Charlotte Wednesday, 23 Jul 2014 | 9:46 AM ET

    CHARLOTTE, N.C.— Fortune 500 packaging company Sealed Air Corp. will consolidate management operations from several states and relocate its New Jersey headquarters to the Charlotte area, where it plans to employ nearly 1,300 jobs in three years.

  • WASHINGTON, July 22- U.S. home resales hit an eight month-high in June, suggesting the housing market was gradually regaining momentum and would help the economy to stay on a higher growth path this year.

  • NC tax breaks OK'd for 250 IT jobs in Charlotte Tuesday, 22 Jul 2014 | 12:18 PM ET

    RALEIGH, N.C.— An information technology consulting company plans to create 250 jobs in Charlotte within five years as it hopes to serve the city's big banks.

  • *U.S. accuses Russia of complicity in shooting down flight MH17. NEW YORK, July 21- Oil prices rose on Monday as the threat of escalating tension between Russia and the West over the crisis in Ukraine mounted, while August U.S. crude zoomed higher prior to its expiry.

  • U.S. accuses Russia of complicity in shooting down flight MH17. *New European sanctions on Russia may heighten oil risk premium. NEW YORK, July 21- Oil prices rose on Monday as the threat of escalating tension between Russia and the West mounted, while August U.S. crude zoomed higher prior to its expiry.

  • *U.S. accuses Russia of complicity in shooting down flight MH17. *New European sanctions on Russia may heighten oil risk premium. NEW YORK, July 21- Oil prices rose on Monday as the threat grew of escalating tension between Russia and the West, while August U.S. crude zoomed higher prior to its expiry.