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Charlotte

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  • Family Dollar misses 3Q profit forecasts Wednesday, 1 Jul 2015 | 4:57 PM ET

    CHARLOTTE, N.C.— Family Dollar Stores Inc. on Wednesday reported fiscal third-quarter profit of $79.9 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share. A year ago Family Dollar Stores earned $81.1 million, or 71 cents per share, on sales of $2.66 billion.

  • RALEIGH, N.C.— Like many fast-growing parts of the country, North Carolina's Triangle region is trying to avoid being strangled by its own success: Traffic is thickening, drivers are getting stuck in it and there's no simple solution in sight. The population of the three counties that include Raleigh, Durham and Chapel Hill is forecast to grow by more than 40...

  • *Core capital goods orders rise 0.4 percent in May. WASHINGTON, June 23- A gauge of U.S. business investment spending plans rose in May, a tentative sign that the manufacturing sector was stabilizing after hitting a soft patch in recent months. The Commerce Department said non-defense capital goods orders excluding aircraft, a closely watched proxy for business...

  • *Core capital goods orders rise 0.4 percent in May. WASHINGTON, June 23- A gauge of U.S. business investment spending plans rose in May, a tentative sign that the manufacturing sector was stabilizing after going into a slump late last summer. The Commerce Department said non-defense capital goods orders excluding aircraft, a closely watched proxy for business...

  • *New York state factory activity gauge falls in June. WASHINGTON, June 15- U.S. industrial production unexpectedly fell in May as manufacturing and mining activity remained weak, a sign that a strong dollar and spending cuts in the energy sector continued to constrain economic growth. The challenges of the stronger dollar and drop in energy prices linger, "said...

  • WASHINGTON, June 8- A Republican businessman said on Monday he is pouring millions of dollars into a foundation that sees opportunities where the majority of his fellow party members do not: easing climate change and speeding the country's transition to clean energy. Jay Faison of Charlotte, North Carolina, has given $165 million to Clearpath, his foundation...

  • June 8- When Christel Shea was trying to book a trip from Providence, Rhode Island to Greenville, South Carolina a couple of weeks ago, it took more than one online search for her to identify that the best buy was to fly into Charlotte, North Carolina and rent a car for the hour-long drive. Shea, managing director of the group tour research site TourMatters.com, used a...

  • WASHINGTON, June 1- U.S. consumer spending growth unexpectedly stalled in April as households cut back on purchases of automobiles and continued to boost savings, suggesting the economy was struggling to gain momentum early in the second quarter. The Commerce Department said April's unchanged reading in consumer spending growth compared with analysts'...

  • WASHINGTON, June 1- U.S. consumer spending unexpectedly stalled in April as households cut back on purchases of automobiles and continued to boost savings, suggesting the economy was struggling to gain momentum early in the second quarter. We need to see more of a rebound in growth before the Fed pulls the trigger on interest rates, "said Diane Swonk, chief...

  • May 8- Shares of Bojangles Inc rose as much as 47 percent in their debut, valuing the chicken-and-biscuits restaurant chain at nearly $1 billion, as investor appetite for "fast-casual" dining chains continues unabated. Bojangles, which operates in the fastest-growing but crowded restaurant segment, serves southern U.S.-inspired food, including buttermilk...

  • May 8- Shares of Bojangles Inc rose as much as 47 percent in their debut, valuing the chicken-and-biscuits restaurant chain at nearly $1 billion as investor appetite for "fast-casual" dining chains continues unabated. Bojangles' rousing debut follows the January listing of cult hamburger chain Shake Shack Inc, whose shares have risen about 44 percent since the...

  • May 7- Chicken-and-biscuits restaurant chain Bojangles' Inc said its initial public offering of common shares was priced at $19, valuing the company at about $680 million.. The fast-casual restaurant chain's IPO raised about $147 million, with the majority of the proceeds going to its controlling shareholder, private equity firm Advent International Corp..

  • WASHINGTON, May 7- The number of Americans filing new claims for unemployment benefits held near a 15- year low last week in a sign that the labor market was strengthening despite moderate economic growth. Initial claims for state unemployment benefits rose 3,000 to a seasonally adjusted 265,000 for the week ended May 2, the Labor Department said on Thursday.

  • May 4- XPO Logistics Inc reported a smaller quarterly loss and struck its second deal in a week by agreeing to buy U.S.-based Bridge Terminal Transport for $100 million. XPO, which signed its biggest-ever deal last week by agreeing to buy France- based Norbert Dentressangle SA for $3.5 billion including debt, has become a one-stop shop in transportation...

  • WASHINGTON, May 4- New orders for U.S. factory goods recorded their biggest increase in eight months in March, boosted by demand for transportation equipment, but the underlying trend remained weak against the backdrop of a strong dollar. The report on Monday from the Commerce Department was the latest indication that the rebound from the first quarter's...

  • WASHINGTON, May 1- U.S. factory activity failed to gain steam in April after slowing for five straight months, but stronger-than-expected vehicle sales suggested the economy was finding some momentum after almost stalling in the first quarter. "The reacceleration in growth will not come fast enough for many, especially those looking for a liftoff by the Fed to...

  • NEW YORK, April 22- Bank of America Corp on Wednesday asked a federal appeals court to toss a $1.27 billion penalty imposed in a mortgage fraud case, and in a rare move asked that the prominent Manhattan judge who oversaw its trial be replaced if the case were to continue. Bank of America spokesman Lawrence Grayson declined to comment. Rakoff imposed the civil...

  • Bank of America settles currency-rigging lawsuit Thursday, 16 Apr 2015 | 12:00 PM ET

    NEW YORK, April 16- Bank of America Corp has settled its portion of a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the foreign exchange market. Bank of America is the third bank to settle investor claims related to the $5.3 trillion- a-day currency market. Scott& Scott said Bank of America's settlement will "mirror" the earlier...

  • *Nonfarm payrolls forecast rising 245,000 in March. WASHINGTON, April 3- U.S. job growth likely remained solid in March, which should allay fears over recent economic weakness and keep the Federal Reserve on course to start raising interest rates this year. The labor market has largely shrugged off a harsh winter, a buoyant dollar, weaker global demand and a...

  • LOS ANGELES, April 1- McDonald's Corp plans to raise the average pay of about 90,000 U.S. workers to around $10 an hour, but the increase will not benefit workers at the vast majority of the restaurants, because they are operated by franchisees, who make their own wage decisions. Wal-Mart Stores Inc and other retailers have introduced entry-level wage hikes in...