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  • BNC posts 4Q profit Monday, 26 Jan 2015 | 9:16 AM ET

    HIGH POINT, N.C. _ BNC Bancorp on Monday reported fourth-quarter profit of $8.5 million. The bank, based in High Point, North Carolina, said it had earnings of 28 cents per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

  • Yadkin tops Street 4Q forecasts Monday, 26 Jan 2015 | 7:00 AM ET

    RALEIGH, N.C. _ Yadkin Financial Corp. on Monday reported fourth-quarter net income of $15.3 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share. Analysts expected $49.3 million, according to Zacks.

  • KANSAS CITY, Mo.— Twenty-eight oil companies and retailers have agreed to settle litigation claiming customers were knowingly overcharged when gas station fuel temperatures rose, plaintiffs announced Friday. Federal officials earlier consolidated about 50 lawsuits filed since 2006 from consumers across the country in the U.S. District Court in Kansas...

  • $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.

  • WASHINGTON— Union membership in the United States is down slightly, accounting for just over 11 percent of the workforce last year, the Labor Department reported Friday. The department's Bureau of Labor Statistics said public-sector workers have the highest union membership rate at nearly 36 percent. AFL-CIO President Richard Trumka cited "major...

  • SAN FRANCISCO— More than $300,000 in world-class wine stolen from a famed Napa Valley restaurant has been recovered from a private cellar on the other side of the country. The Yountville establishment is rated three stars in the Michelin guide and twice has been named the world's best by Restaurant Magazine. Still, those in the tight-knit Napa Valley wine...

  • Family Dollar shareholders approve Dollar Tree takeover Thursday, 22 Jan 2015 | 11:09 AM ET

    Family Dollar shareholders voted on Thursday to approve a takeover bid by rival Dollar Tree, despite higher competing offers from Dollar General. Dollar General's pursuit of Family Dollar is now likely finished. Family Dollar said it rejected Dollar General's bids because it expected that it would be harder to get regulatory approval for the deal even...

  • BB&T tops Street 4Q forecasts Thursday, 22 Jan 2015 | 6:15 AM ET

    WINSTON-SALEM, N.C. _ BB&T Corp. on Thursday reported fourth-quarter profit of $594 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share. Analysts expected $2.33 billion, according to Zacks.

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

  • WASHINGTON— Macau, the Chinese territory known for casino gambling, outperformed the rest of the world's major cities economically last year, according to a report out Thursday. Cities in the developing world, especially China, dominated the top of the annual economic rankings of 300 cities worldwide by the Brookings Institution and JPMorgan Chase.

  • Haley OK with gas-tax hike if income tax cut, DOT retooled Wednesday, 21 Jan 2015 | 12:06 AM ET

    Nikki Haley said Wednesday that she will support a gas-tax increase, but only if the Legislature cuts South Carolina's income taxes and restructures the Department of Transportation. She then offered legislators a deal: Reduce the state's top income tax bracket from 7 percent to 5 percent over a decade, get rid of the DOT's elected commissioners, and she'll...

  • 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...

  • Cree tops Street 2Q forecasts Tuesday, 20 Jan 2015 | 4:24 PM ET

    DURHAM, N.C. _ Cree Inc. on Tuesday reported fiscal second-quarter earnings of $12.2 million. Analysts expected $409.9 million, according to Zacks. Analysts surveyed by Zacks had expected revenue of $419.3 million.

  • 3rd week for mediated talks between FairPoint, unions Tuesday, 20 Jan 2015 | 12:07 PM ET

    PORTLAND, Maine— Negotiations between FairPoint and unions representing striking workers are in a third week. More than 1,700 FairPoint workers in Maine, New Hampshire and Vermont went on strike in October after the company began imposing terms of its "final offer." North Carolina- based FairPoint provides telephone and high-speed Internet service to...

  • PITTSBURGH— Ralph Martin, the chief executive of the company that publishes the Pittsburgh Tribune-Review, has resigned to become CEO of Civitas Media. Besides the Tribune-Review, the company publishes six other dailies and more than 20 weekly newspapers across western Pennsylvania. Martin said he considered making a change following the death July 4 of...

  • SAN FRANCISCO, Jan 20- With 1.35 billion users of its Internet social network, Facebook Inc would rank as the world's second-most populous nation if it were a country. While its users may populate only a virtual country, Facebook says it generates a lot of real economic activity- $227 billion worth of economic impact and 4.5 million jobs in 2014, according to a new...

  • BofA, Citi miss forecasts as trading struggles Thursday, 15 Jan 2015 | 3:17 PM ET

    Bank of America and Citigroup reported disappointing results Thursday, hit by lower trading revenues and more legal expenses. Like JPMorgan Chase, Citigroup and Bank of America saw drops in their fixed-income trading revenue as client trading activity slowed. Citi said revenue in that part of its business fell to $2 billion in the period, a drop of 16 percent...

  • Dollar General stands firm on store divestiture figure Thursday, 15 Jan 2015 | 9:25 AM ET

    GOODLETTSVILLE, Tenn.— Dollar General said Thursday that it still believes it should not have to divest more than 1,500 stores to complete a deal with Family Dollar. Matthews, North Carolina- based Family Dollar has rejected numerous approaches from Dollar General, the latest worth $9.1 billion in cash, in favor of an $8.5 billion cash-and-stock offer from...

  • Chiquita closing North Carolina headquarters after buyout Wednesday, 14 Jan 2015 | 1:56 PM ET

    CHARLOTTE, N.C.— Chiquita Brands International is closing its corporate headquarters in North Carolina after the banana producer's buyout. The announcement comes a week after Chiquita's completed buyout for about $680 million by Brazilian juice company Cutrale Group and investment firm Safra Group, headed by Brazilian billionaire Joseph Safra.

  • Chiquita closing North Carolina headquarters after buyout Wednesday, 14 Jan 2015 | 1:15 PM ET

    CHARLOTTE, N.C.— Chiquita Brands International will close its corporate headquarters in North Carolina after its buyout, the banana producer said Wednesday. Chiquita's Charlotte operations where about 300 employees work will shut down over the next year to eighteen months, interim Chief Executive Officer Brian Kocher said. The announcement comes a week...