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  • Electrolux buoyed by US growth Monday, 20 Oct 2014 | 4:47 AM ET

    STOCKHOLM— Growth in the U.S. and efficiency gains in Europe helped Swedish home-appliance maker Electrolux post a 42 percent jump in third-quarter profits. Electrolux CEO Keith McLoughlin told The Associated Press said he was "quite pleased with the result in what could be characterized as challenging macro conditions." Last month, Electrolux— ranked as the...

  • NC insurers press for higher homeowner rates Monday, 20 Oct 2014 | 4:01 AM ET

    RALEIGH, N.C.— North Carolina's insurance commissioner on Monday began deciding whether to allow homeowner's coverage costs to rise by as much as 35 percent even as more insurers demand even higher rates in agreements with customers. Craig Smith has seen the annual insurance premium for his rural Pitt County home double to $2,000 since he and his wife Brenda...

  • Brazilian pair boosts bid for Chiquita to $658M Wednesday, 15 Oct 2014 | 10:37 AM ET

    Chiquita already has a merger agreement in place with Irish fruit importer Fyffes that would give Chiquita's stockholders nearly a 60 percent stake in the combined company under an all-stock deal. Fyffes shareholders would own about 40 percent. That same month Fyffes' proposed merger agreement with Chiquita was revised to give Chiquita shareholders a...

  • Bank of America earnings slump on legal settlement Wednesday, 15 Oct 2014 | 7:15 AM ET

    NEW YORK— Bank of America, the second-largest U.S. bank by assets, said Wednesday that its earnings slumped in the third quarter after it agreed to a settlement with the government over its sale of mortgage-backed securities. Bank of America took a $5.3 billion charge in the third quarter to help cover the settlement with the Justice Department.

  • Oct 15- Bank of America Corp, the second-largest U.S. bank, reported a quarterly loss applicable to common shareholders, largely due to a huge mortgage settlement with the U.S. government. The Charlotte, North Carolina- based bank posted a net loss attributable to shareholders of $70 million, or 1 cent per share for the three months ended Sept. 30, compared with a...

  • That was an easy choice recently for Glenda Oakley, 31, who stayed at a Westin hotel in Charlotte, North Carolina. "I don't need extra towels... or someone else to make my bed daily," said Oakley, an Army veteran and motivational speaker from San Antonio, Texas. Also on board are an assortment of independent properties, like the Amway Grand Plaza in Grand Rapids, Michigan;...

  • Former NC mayor sentenced for taking bribes Tuesday, 14 Oct 2014 | 4:02 AM ET

    CHARLOTTE, N.C.— The former mayor of North Carolina's largest city on Tuesday was sentenced to almost four years in prison for taking bribes from undercover federal agents he thought were developers seeking to fast-track projects. Patrick Cannon had resigned in the midst of the case that stunned Charlotte residents who had once elected him as their youngest...

  • Judge: City retains control of Charlotte airport Monday, 13 Oct 2014 | 12:45 PM ET

    CHARLOTTE, N.C.— A North Carolina judge says Charlotte will maintain control of one of the nation's busiest airports instead of a commission pushed by state Republican lawmakers. Judge Robert Ervin on Monday blocked the commission from taking over Charlotte Douglas International Airport while both sides wait for a decision by the Federal Aviation...

  • Carlisle to buy spray gun business from Graco Wednesday, 8 Oct 2014 | 10:26 AM ET

    NEW YORK— Carlisle Cos. said Wednesday that it will pay $590 million to buy a Graco Inc. business unit that makes spray guns used to stain, paint or coat cars, wood surfaces and airplanes. Graco, which makes sprays and pumps for the construction and manufacturing industries, had to sell the business to meet rules set by the Federal Trade Commission after it purchased...

  • NEW YORK, Sept 26- The newest way to bet on the fortunes of Chinese e-commerce heavyweight Alibaba Group Holding Ltd will debut on Monday when its stock options go live for trading, and investors should look for the initial action to be very busy, but also choppy and potentially pricey.

  • Sept 17- Nucor Corp shares rose to a six-year high on Wednesday after the steelmaker said it would report higher-than-expected third-quarter earnings. Nucor said it expected to post a third-quarter profit of 70 cents to 75 cents per share.

  • Sept 5- Bank of America Corp said David Darnell will no longer serve as the company's co-chief operating officer, but will continue to oversee the bank's global wealth and investment management business. Darnell had been the company's co-COO since September 2011, Bank of America said in a filing.

  • WRAPUP 1-Solid U.S. employment growth eyed in August Friday, 5 Sep 2014 | 12:01 AM ET

    *Nonfarm payrolls forecast increasing 225,000 in August. WASHINGTON, Sept 5- U.S. job growth likely accelerated a bit in August and the unemployment rate probably fell to 6.1 percent, offering fresh evidence of sustained momentum in the economy.

  • NEW YORK, Sept 3- Apple Inc shares were on track Wednesday for their worst day since January just days ahead of the launch of its latest iPhone, with one brokerage warning of a stock downgrade unless its new products show better promise for profit growth.

  • Apple shares stumble ahead of product launch next week Wednesday, 3 Sep 2014 | 1:20 PM ET

    NEW YORK, Sept 3- Apple Inc shares were on track Wednesday for their worst day since January ahead of the launch of its newest iPhone, with at least one brokerage mulling a stock downgrade unless its new products show better promise for profit growth.

  • CHARLOTTE, N.C., Aug 26- President Barack Obama sought to make amends with veterans on Tuesday, announcing steps to expand their access to mental health care and an initiative with financial companies to lower home loan costs for military families.

  • WASHINGTON, Aug 25- Sales of new U.S. single-family homes fell for a second straight month in July, but a surge in the stock of properties on the market and slower price gains should help stimulate demand in the months ahead. "The housing market continues to recover," said Sam Bullard, a senior economist at Wells Fargo Securities in Charlotte, North Carolina.

  • ATLANTA, Aug 21- Appearing thin but smiling, a Texas doctor who weeks ago entered an Atlanta hospital in a full-body biohazard suit to be treated for Ebola said on Thursday he was "thrilled to be alive" as doctors declared him virus-free and safe for release.

  • NEW YORK, Aug 21- Bank of America's decision to pay $16.7 billion to settle charges stemming from the sale of mortgage-backed securities may finally allow the company to put last decade's housing bubble behind it, fund managers and analysts say.

  • NEW YORK, Aug 21- Bank of America's decision to pay $16.7 billion to settle charges stemming from the sale of mortgage-backed securities may finally allow the company to put last decade's housing bubble behind it, fund managers and analysts say.