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  • *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...

  • 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...

  • 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...

  • Judge recommends dismissal of US suit against BofA Thursday, 27 Mar 2014 | 6:08 PM ET

    A US magistrate judge recommended dismissal of a lawsuit against Bank of America over $850 million in mortgage debt, according to a court filing.

  • BofA's trading practices have been probed: Filing Saturday, 25 Jan 2014 | 9:21 AM ET
    Bank of America in Times Square, New York.

    The DoJ and the CFTC have both held investigations into whether BofA engaged in improper trading by doing its own futures trades ahead of executing large orders for clients.

  • What's hot in the real estate market Thursday, 16 Jan 2014 | 8:00 AM ET
    New homes for sale at a housing development in Dublin, Calif., on Dec. 4, 2013.

    Investors are jumping back into the real estate market and reaping big payoffs in distressed properties, home rentals and multi-apartment dwellings.

  • Adult movie studios look for a better year Tuesday, 14 Jan 2014 | 7:00 AM ET
    Steve Hirsch, Vivid Entertainment

    2013 couldn't have gone much worse for the porn industry.

  • The healthiest housing markets? It'll surprise you Friday, 13 Dec 2013 | 12:37 PM ET
    San Jose, Calif.

    Who would have thought that five of Zillow's top 10 healthiest housing markets would be in this state?