Breaking down the latest examples of the government involving itself in everything, with Bill Burton, former deputy White House press secretary, and Hadley Heath, Independent Women's Forum. Bitcoins, North Carolina's new voter ID fight, JPMorgan's "whale" of a problem, and BP fighting the EPA.» Read More
TORONTO, Dec 5- Royal Bank of Canada Chief Executive Gordon Nixon will step down next summer after 13 years at the helm of Canada's largest bank, handing the reins to the RBC's retail banking head, Dave McKay, the bank said on Thursday. Nixon is the longest-serving of Canada's current crop of bank CEOs, but at 56, by no means the oldest.
DURHAM, N.C.-- North Carolina is poised for an economic boost thanks to laws authorizing fracking and by opening the door wider to more alternative energy production, Gov. Pat McCrory predicted Wednesday before state business leaders.
WASHINGTON, Dec 5- The U.S. economy grew faster than initially estimated in the third quarter as businesses aggressively accumulated stock, but underlying domestic demand remained sluggish and buoyed the case for the Federal Reserve to keep up its stimulus for now.
Dec 4- SPX Corp said it would sell its 44.5 percent stake in EGS Electric Group LLC to partner Emerson Electric Co for $571 million to focus on its main business of making pumps, valves and mixers to process and transport fluids.
RALEIGH, N.C.-- A long-anticipated $200 million ethanol plant that will turn grasses grown on North Carolina hog farms into motor fuel will go ahead, Gov. The plant operated by Biochemtex, a partnership headed by Italy- based Gruppo Mossi& Ghisolfi, plans to employ 65 people in three years near Clinton in Sampson County.
The shares fell 83 cents, or 3.3 percent, to close at $24.55, then tumbled another $3.33, or 14 percent, to $21.22 in after-hours trading. Krispy Kreme Doughnuts Inc. said Monday that it earned $6.8 million, or 9 cents per share, in the quarter ended Nov. 3. That compared with year-ago profit of about $5 million, or 7 cents per share.
Dec 2- A surge of visitors clogged the U.S. government's revamped healthcare insurance shopping website on Monday, signaling that President Barack Obama's administration has a way to go in fixing the portal that showcases his signature domestic policy.
The Nasdaq got a boost from the technology sector, with Apple up 1.9 percent at $556.07, Microsoft Corp up 1.4 percent at $38.13 and Amazon Inc up 1.8 percent at $393.62. We wouldn't be shocked at all to see the small and mid-cap names lag a little bit, "said Ryan Detrick, senior technical strategist with Schaeffer's Investment Research, in Cincinnati.
Nov 27- Researchers have found a higher rate of dangerous blood clots in patients who received Thoratec Corp's HeartMate II heart pump than had been seen in clinical trials or prior experience, according to a study published on Wednesday. The findings were reported in the New England Journal of Medicine.
Nov 27- Researchers have found a higher rate of dangerous blood clots forming in patients who received Thoratec Corp's HeartMate II heart pump than had been seen in clinical trials or prior experience, according to a study published on Wednesday.
Nov 27- A wintry blast of heavy rain, wind and snow across the eastern United States disrupted Thanksgiving travel plans on Wednesday for some of the millions of Americans hitting the roads and taking to the skies on the busiest holiday travel day of the year.
WASHINGTON-- A federal jury Tuesday found a Somali man who acted as a negotiator for pirates aboard a hijacked ship not guilty of piracy, but had not yet reached a verdict on two lesser charges. Ali Mohamed Ali, 51, who would have faced a mandatory life sentence if convicted of piracy, smiled and embraced one of his lawyers after the verdict was announced.
WASHINGTON, Nov 26- The maximum size of U.S. home loans that taxpayer-owned Fannie Mae and Freddie Mac can buy will hold steady next year, their regulator said on Tuesday, deferring a decision on when to pull back government support for the housing market.
Wider efforts to rebuild America's deeply depressed cities can't succeed until public safety is restored.
Even struggling metros are having success in attracting investment. In the process, they are creating a virtuous cycle of creativity.
NEW YORK, Nov 21- Bank of America Corp urged a U.S. federal judge to impose no penalty even after a jury found it liable for fraud over the sale of defective mortgages by its Countrywide Financial unit.
WASHINGTON, Nov 20- U.S. budget talks are aiming for a two-year deal that would end divisive fiscal showdowns that have plagued Congress since 2011, while also easing the severe across-the-board spending cuts that otherwise would be triggered in 2014 and 2015, a Republican negotiator said on Wednesday.
These sunshine cities have focused their efforts on developing new industry niches to strengthen their local economies and promote future growth.
The ebbing economic tide from the Great Recession revealed some of the worst swindles in municipal finance in decades.
Detroit's bankruptcy, and rumblings about tax overhaul, have fueled a big sell off in the municipal bond market. What's next?