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  • BOSTON, March 26- Bank of America Corp will not hold a shareholder vote on its decision to reunite the roles of chairman and chief executive officer, according to the bank's proxy statement filed on Thursday. But both also said they would support Bank of America directors this year after the bank separately adopted a rule change to make it easier for shareholders...

  • Duke Energy to appeal $25.1M fine by NC regulators Tuesday, 24 Mar 2015 | 11:09 AM ET

    CHARLOTTE, N.C.— Duke Energy will appeal a $25.1 million fine by North Carolina environmental regulators over pollution that has been seeping into groundwater for years from a pair of coal ash pits at a retired power plant. Duke Energy said Tuesday that it will file a formal appeal with the North Carolina Office of Administrative Hearings by April 9.

  • March 20- A federal judge rejected Bank of America Corp's request to dismiss a lawsuit in which Cook County, Illinois, accused the lender of targeting black and Hispanic borrowers in the Chicago area with subprime mortgages. District Judge Elaine Bucklo in Chicago said Cook County could pursue allegations that the bank steered minority borrowers into an...

  • NEW YORK— Shares of AK Steel fell in premarket trading Friday after the company forecast a first-quarter loss because of lower-than-expected shipments and prices. AK Steel and its competitors have been grappling with a market being flooded with steel exports from China. Shares of AK Steel Holding Corp. fell 27 cents, or 6.4 percent, to $3.93 in premarket...

  • Atlantic City rejected by voters on new Monopoly games Thursday, 19 Mar 2015 | 3:10 PM ET

    Atlantic City is where the Monopoly board game began, but voters in a global contest to pick cities for new editions of the 80- year-old game have turned their attention elsewhere. According to results released Thursday— the 80th birthday of Monopoly— Atlantic City, whose streets provided the names for the game's squares when it was created in 1935, did not make...

  • Nucor cuts 1Q profit outlook as steel imports climb Thursday, 19 Mar 2015 | 12:30 PM ET

    CHARLOTTE, N.C.— Nucor has lowered its first-quarter earnings forecast because a high level of steel imports is pushing prices down. Nucor Corp. previously said that expected earnings slightly above the 35 cents per share it reported a year earlier. Nucor said that it currently expects steel imports will slow in the second quarter, but that they will still be at "...

  • WASHINGTON, March 19- The number of Americans filing new claims for unemployment benefits rose marginally last week, indicating the labor market remained on solid footing despite slowing economic growth. Growth has slowed in the first quarter, undercut by a harsh winter, a strong dollar, weaker overseas economies and a now-settled labor dispute at West Coast...

  • Cato posts 4Q profit Thursday, 19 Mar 2015 | 7:24 AM ET

    CHARLOTTE, N.C. _ Cato Corp. on Thursday reported fiscal fourth-quarter earnings of $9.2 million. The Charlotte, North Carolina- based company said it had net income of 33 cents per share. For the year, the company reported profit of $60.5 million, or $2.15 per share.

  • Asian markets mostly lower after Wall Street slide Thursday, 19 Mar 2015 | 6:09 AM ET

    Chevron, Exxon Mobil and other energy companies led stocks down. Benchmark U.S. oil sank 70 cents to close at $43.96 a barrel in New York, extending a slump that has slashed prices by more than half over the past year. said Jeff Carbone, a senior partner at Cornerstone Financial Partners in Charlotte, North Carolina. "

  • NC unemployment stays relatively flat for 3rd month Tuesday, 17 Mar 2015 | 4:01 AM ET

    RALEIGH, N.C.— North Carolina's jobless rate was 5.4 percent for January, the third month in a row the figure has been relatively flat, according to numbers released Tuesday. "Broadly speaking, I would say that it's suggesting there's a kind of stabilization in the North Carolina labor market," said Queens University of Charlotte economics professor Harry Bowen,...

  • *Euro dips under $1.09; ECB to start bond buying next week. The euro fell below $1.09 for the first time since September 2003. "We feel the economy is in a position for the Fed to begin normalizing policy," said Sam Bullard, senior economist at Wells Fargo Securities in Charlotte, North Carolina.

  • FOREX-Dollar jumps after strong U.S. jobs report Friday, 6 Mar 2015 | 10:33 AM ET

    NEW YORK, March 6- The dollar jumped on Friday to an 11-1/ 2 year high against a basket of currencies as news of robust U.S. employment growth bolstered market sentiment that the Federal Reserve was closer to raising interest rates. Before a U.S. employment report on Friday, the dollar had already hit an 11-1/ 2 year high against the euro as interest rate differentials...

  • *Average hourly earnings rise three cents. WASHINGTON, March 6- U.S. employment growth accelerated in February and the jobless rate fell to a more than 6-1/ 2 year low of 5.5 percent, signs that could encourage the Federal Reserve to consider hiking interest rates in June. We think it is on the path to make a rate change in June, "said Sam Bullard, a senior economist at...

  • YOUR MONEY-Is organic chocolate worth the price? Wednesday, 11 Feb 2015 | 3:40 PM ET

    Feb 11- If you plunk down some big bucks for organic chocolate this Valentine's Day, your sweetie may or may not be impressed. Andy Ciordia, owner of The Secret Chocolatier in Charlotte, North Carolina, says consumers are most likely to notice that mass-produced chocolates using a cacao solution taste flatter than those made on a smaller scale and with natural...

  • NEW YORK, Feb 10- The U.S. Department of Justice said on Tuesday that it reached a settlement in its first-ever discrimination case against auto dealers who also finance the purchase of used cars. Two so-called "buy here, pay here" dealerships in Charlotte, North Carolina, Auto Fare Inc and Southeastern Auto Corp, agreed to set aside $225,000 to reimburse...

  • NEW YORK, Feb 3- A federal judge on Tuesday rejected Bank of America Corp's bid to throw out a jury verdict finding it liable for the sale of questionable loans to Fannie Mae and Freddie Mac before the financial crisis, which led to a $1.27 billion civil penalty. He also rejected Bank of America's alternative request for a new trial. The U.S. Department of Justice had...

  • 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...