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  • CommunityOne posts 4Q profit Friday, 30 Jan 2015 | 3:06 PM ET

    CHARLOTTE, N.C. _ CommunityOne Bancorp on Friday reported fourth-quarter profit of $144.6 million. The bank, based in Charlotte, North Carolina, said it had earnings of $6.62 per share. For the year, the company reported net income of $150.5 million, or $6.88 per share, swinging to a profit in the period.

  • Park Sterling meets 4Q profit forecasts Friday, 30 Jan 2015 | 7:37 AM ET

    CHARLOTTE, N.C. _ Park Sterling Corp. on Friday reported fourth-quarter profit of $3.5 million. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 9 cents per share. Park Sterling shares have decreased 10 percent since the beginning of the year.

  • US Airways flight returns to Austin, landing gear issue Thursday, 29 Jan 2015 | 12:10 PM ET

    AUSTIN, Texas— A US Airways flight bound for North Carolina has safely returned to Austin-Bergstrom International Airport with a possible landing gear issue. Spokesman Matt Miller says nobody was injured in Thursday's incident with Flight 5634, operated by Mesa Airlines. Miller says the CRJ-900 regional jet was heading for Charlotte, North Carolina, when a...

  • WASHINGTON, Jan 28- The Federal Reserve on Wednesday said the U.S. economy was expanding "at a solid pace" with strong job gains in a signal that the central bank remains on track with its plans to raise interest rates this year. "The committee, in fact, was downright bullish on current economic conditions and the outlook," said Paul Edelstein, director of financial...

  • NEW YORK, Jan 28- Wall Street stocks edged lower on Wednesday while the dollar rose as the Federal Reserve said growth in the U.S. economy was on track despite turmoil in other markets around the world, keeping it on pace to raise interest rates later this year. Concluding their first policy-setting meeting of the year, Fed officials looked past moves made by other...

  • WASHINGTON, Jan 28- The Federal Reserve on Wednesday said the U.S. economy was expanding "at a solid pace" as it largely looked through weakness overseas in a signal that it remains on track to raise interest rates later this year. The U.S. central bank repeated it would be "patient" in deciding when to raise benchmark borrowing costs from zero, where they have been...

  • Between the 2009 and 2013 fiscal years, funding for a wide swath of discretionary grant programs, from Head Start preschool education to anti drug initiatives, fell by an average of 40 percent in Republican-leaning states like Texas and Mississippi. By contrast, funding to Democratic-leaning states such as California and politically competitive swing...

  • NASHVILLE, Tenn.— Google said Tuesday it has selected four metro areas in the Southeast to receive its fiber optic service that can deliver Internet speeds at more than 50 times the national broadband average. Google officials said five Western cities previously identified as finalists remain in the running for fiber down the line. "We had four cities here in the...

  • Nucor tops 4Q profit forecasts Tuesday, 27 Jan 2015 | 9:33 AM ET

    CHARLOTTE, N.C. _ Nucor Corp. on Tuesday reported fourth-quarter net income of $210.4 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share. Nucor shares have decreased 11 percent since the beginning of the year, while the Standard& Poor's 500 index has stayed nearly flat.

  • The storm has led to the postponement of at least two conferences and quarterly results of several companies, including EMC Corp. The New York Stock Exchange, Intercontinental Exchange Inc, Nasdaq OMX Group Inc and BATS Global Markets were open on Monday and expect to be open on Tuesday. JPMorgan Chase& Co Closed New York. New York and as Ocean City, New Jersey and...

  • $2 gasoline: Good times keep rolling at the pump Friday, 23 Jan 2015 | 1:30 PM ET

    But for the first time since 2009, most Americans are paying less than $2 a gallon. "It's crazy," says Michael Noel, an economics professor at Texas Tech University who studies oil and gasoline prices. U.S. crude oil traded Friday just below $46 a barrel and the average price for a gallon of gas was $2.04.

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • Garlock, a unit of EnPro Industries, filed for bankruptcy in 2010 in Charlotte, North Carolina, in the face of the mounting cost of asbestos lawsuits. Golini allegedly told Philadelphia- based Shein he was exposed to 14 asbestos products made by bankrupt companies including Owens Corning and Armstrong World Industries. After Garlock settled with Golini, Shein...

  • WASHINGTON, Jan 9- U.S. job growth likely remained brisk in December, setting the economy up for a stronger pace of expansion this year, even as the global economy shows signs of buckling. It would be the 11th consecutive month of job gains above 200,000, the longest such stretch since 1994, and reinforce views the economy's fundamentals are strong enough to...

  • NEW YORK, Dec 31- Ambac Assurance Corp sued Bank of America Corp to recoup hundreds of millions of dollars of losses from insuring roughly $1.68 billion of securities backed at least in part by risky mortgages from the bank's Countrywide Home Loans unit. "Countrywide's fraud is borne out by the transactions' dismal performance," said Ambac, which in September 2010...

  • Ambac sues Bank of America over Countrywide mortgage bonds Wednesday, 31 Dec 2014 | 11:37 AM ET

    NEW YORK, Dec 31- Ambac Assurance Corp sued Bank of America Corp to recoup hundreds of millions of dollars of losses from insuring roughly $1.68 billion of securities backed at least in part by risky mortgages from the bank's Countrywide Home Loans unit. Bank of America, the second-largest U.S. bank, bought Countrywide in July 2008. The lawsuit shows how Charlotte,...

  • WASHINGTON, Dec 23- The U.S. economy grew at a 5.0 percent clip in the third quarter, its quickest pace in 11 years and the strongest sign yet that growth has decisively shifted into higher gear. "Our economy is firing on most cylinders, whereas the global economy is essentially in dire need of a spark," said Ryan Sweet, a senior economist at Moody's Analytics in West...

  • WASHINGTON, Dec 10- U.S. economic growth was likely stronger in the third quarter than previously reported, according to data on Wednesday that showed spending on services expanding at a brisk clip. "This increased services spending suggests there is greater traction in the economy than was previously assumed and that despite global growth concerns, domestic...

  • NEW YORK, Nov 12- When faced with the prospect of outliving their money, most people might toss and turn at night or obsess about where to slash their budgets. A new survey from Wells Fargo shows 22 percent of people say they would rather die early than not have enough cash to live comfortably in retirement. "These are pretty sobering statistics," says Joe Ready,...

  • NEW YORK, Nov 7- Bank of America Corp and US Bancorp have reached a $69 million settlement in a class action lawsuit over their roles as trustees for securities backed by risky mortgages from Washington Mutual Inc, which failed in 2008.. Both defendants denied liability, and Bank of America would make the $69 million cash payment on behalf of itself and US Bancorp,...