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  • More 'Help Wanted' signs up at small businesses Wednesday, 24 Dec 2014 | 11:18 AM ET

    NEW YORK— If you're looking for signs that the U.S. economy is growing and that the job market is improving, just talk to small business owners. Revenue is up 40 percent this year at the New York- based company with more customers paying $60 to $85— three or four times what a supermarket cake costs— for confections made of paper-thin pastry dough and flavored with...

  • Piedmont Natural Gas reports 4Q loss Tuesday, 23 Dec 2014 | 4:36 PM ET

    CHARLOTTE, N.C. _ Piedmont Natural Gas Co. on Tuesday reported a loss of $9 million in its fiscal fourth quarter. Piedmont Natural Gas expects full-year earnings to be $1.82 to $1.92 per share. Piedmont Natural Gas shares have risen 17 percent since the beginning of the year.

  • 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...

  • New Hampshire delays vote on $13M FairPoint bid Tuesday, 23 Dec 2014 | 4:31 AM ET

    "I have big concerns that the poor service levels we've been seeing from FairPoint right now wouldn't live up to the terms in the contract," Democratic Executive Councilor Colin Van Ostern said. Under the contract, FairPoint would provide all services through 2020. The contract is likely to come before the council again in January, said Linda Hodgdon,...

  • Striking FairPoint workers rally in New Hampshire Friday, 19 Dec 2014 | 4:01 AM ET

    CONCORD, N.H.— Two hundred FairPoint Communications workers promised on Friday to remain on strike until company officials return to the bargaining table, even as the 10- week-old strike begins to take a personal and financial toll on the workers and their families. FairPoint's 1,700 workers across Maine, New Hampshire and Vermont began striking in October...

  • 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,...

  • NEW YORK, Nov 7- Bank of America Corp and US Bancorp have reached a $69 million settlement of litigation over their roles as trustees for securities backed by home loans 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, the papers show.

  • Nov 5- Duke Energy Corp, the largest U.S. power company by market value, reported a lower-than-expected quarterly revenue and profit as a milder summer hit demand and expenses rose. That led to the company to sell some Midwest power assets- a big chunk of its wholesale assets- to Dynegy Inc in August for $2.8 billion. Net income attributable to Duke rose 27 percent to...

  • NEW YORK, Nov 3- Alibaba Group shareholders should get ready for something they haven't much seen: volatility. Alibaba shares, which soared 38 percent in their trading debut on Sept. 19, have gained more than 8 percent from their closing price on that day. "We believe Alibaba's shares' post-earnings reaction mainly depends on management's commentary on top-line...

  • WASHINGTON, Oct 28- Demand for U.S.-made capital goods recorded its biggest drop in eight months in September and the pace of house price gains moderated in August, suggesting some cooling in economic growth in the third quarter. "The weak capital goods orders and house price data confirm the slowdown in activity, but the burst in consumer confidence suggests...

  • WASHINGTON, Oct 23- New claims for U.S. unemployment benefits held below 300,000 for a sixth straight week last week, suggesting the labor market was shrugging off jitters over a slowing global economy. Weakening growth in China and the euro zone, however, appears to be impacting the manufacturing sector, with other data on Thursday showing factory activity at a...

  • Oct 23- Nucor Corp, the No. 1 U.S. steelmaker, posted a higher quarterly profit on Thursday as the growing U.S. economy fueled demand for its products from the auto, construction, and oil and gas industries. Analysts on average expected Nucor to post a profit of 74 cents a share on sales of $5.4 billion, according to Thomson Reuters I/B/E/S. In early trading on the New York...

  • 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;...

  • 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.