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  • The Pantry tops 1Q profit forecasts Thursday, 29 Jan 2015 | 8:51 AM ET

    CARY, N.C. _ The Pantry Inc. on Thursday reported fiscal first-quarter net income of $18.9 million, after reporting a loss in the same period a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share. Analysts expected $1.72 billion, according to Zacks.

  • NewBridge posts 4Q profit Wednesday, 28 Jan 2015 | 7:10 PM ET

    GREENSBORO, N.C. _ NewBridge Bancorp on Wednesday reported fourth-quarter profit of $4.3 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • DIARY- Top Economic Events to Feb 11 Wednesday, 28 Jan 2015 | 7:01 PM ET

    FAIRFAX, United States- Federal Reserve Board Governor Daniel Tarullo speaks on "Advancing Macroprudential Policy Objectives" before the Office of Financial Research and Financial Stability Oversight Council 4th Annual Conference: Evaluating Macroprudential Tools: Complementarities and Conflicts "- 1745 GMT. SARASOTA, United States- Federal Reserve...

  • Jan 28- Salix Pharmaceuticals Ltd said it would restate financial statements for all of 2013 and the first three quarters of 2014, adding to the drugmaker's list of woes. The restatement, which corrects errors related to the timing of revenue recognition, revenue-reducing returns, discounts and expenses, will cumulatively reduce reported net product...

  • 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...

  • The lawsuits, filed in federal court in the District of Columbia, say the EPA has not responded to petitions filed in 2009 and 2011 by the Environmental Integrity Project and the Humane Society of the United States. The lawsuits say the EPA failed to take action and ask it to respond to the petitions within 90 days, Environmental Integrity Project attorney Tarah...

  • 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...

  • As gas prices fell below $3 a gallon, Kristen Harris went back to delivering her desserts to Chicago- area neighborhoods she had abandoned. "We definitely want to saturate the Chicago market," says Harris, whose Homewood, Illinois, based Pizzazzed Plus makes cookies, cake pops and other treats. Between 2011 and 2013, gas averaged around $3.50 a gallon nationally—...

  • Underwear seller HanesBrands to boost dividend 33 percent Wednesday, 28 Jan 2015 | 10:08 AM ET

    WINSTON-SALEM, N.C.— HanesBrands said it plans to boost its dividend 33 percent and split its stock as it seeks to increase value for shareholders. The clothing company said Wednesday that it will increase its dividend to 40 cents per share from 30 cents per share. HanesBrands Inc., based in Winston-Salem, North Carolina, sells underwear, T-shirts, socks and other...

  • HICKORY, N.C.— CommScope is buying TE Connectivity's telecom, enterprise and wireless businesses for about $3 billion, which will help diversify its operations and broaden its geographic reach. The deal does not include subsea communications or data communications businesses owned by TE Connectivity Ltd.. CommScope, based in Hickory, North Carolina,...

  • RICHMOND, Va.— Camel cigarette maker Reynolds American Inc.' s planned $25 billion takeover of Newport seller Lorillard Inc. is moving forward after shareholders approved the deal at special shareholder meetings Wednesday. The transaction, which Reynolds and Lorillard value at about $27 billion including debt, would also create a powerhouse in menthol...

  • 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...

  • WASHINGTON— Some 9.5 million people have already signed up for 2015 coverage under President Barack Obama's health care law, and the administration is on track to surpass its nationwide enrollment target set last year. The Health and Human Services Department said Tuesday that, through the middle of January, more than 7.1 million people had signed up in 37...

  • The 2017 to 2022 drilling plan begins a process that could take many years before waters off the coasts of Virginia, North Carolina, South Carolina or Georgia are cleared for drilling. The administration canceled a lease sale there after BP Plc's deadly explosion and oil spill in the Gulf of Mexico that year. In addition, President Barack Obama took parts of...

  • NASHVILLE, Tenn.— Google said Tuesday it has selected four metro areas in the Southeast to receive its fiber optic service that can deliver Internet speeds at more than 50 times the national broadband average. Google officials said five Western cities previously identified as finalists remain in the running for fiber down the line. "We had four cities here in the...

  • "Virtually every city is grappling with this," said Tom Murphy, an urban revitalization expert and former mayor of Pittsburgh, referring to the demolitions designed to enliven dowdy business districts. No one tracks how many old parking garages are being replaced, but it's happening more frequently, said Shannon Sanders McDonald, an architecture professor at...

  • Nucor tops 4Q profit forecasts Tuesday, 27 Jan 2015 | 9:33 AM ET

    CHARLOTTE, N.C. _ Nucor Corp. on Tuesday reported fourth-quarter net income of $210.4 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share. Nucor shares have decreased 11 percent since the beginning of the year, while the Standard& Poor's 500 index has stayed nearly flat.

  • 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...

  • Stocks surged Monday for several companies that could gain business from the storm system that is sweeping down the East Coast and expected to dump as much as two feet of snow on New York and Boston. Generator maker Generac Holdings Inc., snowplow maker Douglas Dynamics Inc. and PowerSecure International Inc. all climbed 4 percent or more Monday afternoon...