North Carolina


  • NEW YORK, Oct. 1- Two tiny companies are preparing to challenge some of the world's largest drug makers in the battle for dominance in the $3 billion global market for influenza vaccines, armed with little more than tiny tobacco plants.

  • The claim by Eco Agro Resources came in a court filing in U.S. District Court in North Carolina in early September in response to an August patent infringement lawsuit against it by Koch Agronomic Services.

  • Billionaire gives $15M a year to NC research hub Tuesday, 30 Sep 2014 | 1:43 PM ET

    KANNAPOLIS, N.C.— The 91- year-old billionaire owner of Dole Food Co. said Tuesday he is committing $15 million a year in perpetuity to sustain a North Carolina research institute named after him devoted to improving human health through scientifically honed nutrition.

  • Bank of America paying $7.65M to resolve inquiry Monday, 29 Sep 2014 | 2:22 PM ET

    NEW YORK— The Securities and Exchange Commission says Bank of America will pay $7.65 million to settle allegations that it overstated how much capital it had on its books. Bank of America Corp. said in April that it had made an error in how it how it valued securities obtained in its acquisition of Merrill Lynch during the financial crisis in 2009..

  • Court-ordered anti-smoking ads challenged by firms Monday, 29 Sep 2014 | 2:18 PM ET

    RICHMOND, Va.— The nation's largest tobacco companies are challenging court-ordered advertisements requiring the cigarette makers to say they lied about the dangers of smoking.

  • Lenovo looks to expand after IBM acquisition Monday, 29 Sep 2014 | 4:27 AM ET

    BANGKOK— Lenovo Group has received U.S. and European approval to complete its acquisition of IBM Corp.' s low-end server business and plans to use it to grow faster outside its personal computer business, Lenovo's chairman said Monday.

  • Madoff son was under scrutiny until day he died Sunday, 28 Sep 2014 | 12:39 PM ET

    NEW YORK— Bernard Madoff's last surviving son was under investigation for possible involvement in his father's multibillion-dollar Ponzi scheme until the day he died from cancer earlier this month, but scrutiny over his $16 million estate lives on. Both officials told the AP it was likely Andrew Madoff would have faced tax evasion charges if he had not died.

  • MADRID/ SYDNEY, Sept 28- A year after Spain, the sunniest country in Europe, issued notice of a law forcing solar energy-equipped homes and offices to pay a punitive tax, architect Inaki Alonso re-installed a 250 watt solar panel on a beam over his Madrid roof terrace.

  • Pentagon wants tighter soldier loan protections Friday, 26 Sep 2014 | 11:48 AM ET

    The Defense Department proposed new rules to toughen a 2006 law that limits interest rates for certain types of credit available to service members and their dependents.

  • Chiquita, Fyffes alter merger agreement Friday, 26 Sep 2014 | 7:18 AM ET

    Changes to the proposed merger between Chiquita and the Irish fruit importer Fyffes will give Chiquita shareholders a larger stake in what would become the world's largest banana supplier. Fyffes PLC shareholders will see their stake drop to about 40 percent, from more than 49 percent.

  • *Medicaid expansion key part of Obama's healthcare reform. Up to a dozen states, including several led by Republicans, could move forward with plans to expand coverage under Medicaid after the November elections. Texas Governor Rick Perry once said expanding Medicaid would be similar to "adding a thousand people to the Titanic."

  • NEW YORK, Sept 26- The newest way to bet on the fortunes of Chinese e-commerce heavyweight Alibaba Group Holding Ltd will debut on Monday when its stock options go live for trading, and investors should look for the initial action to be very busy, but also choppy and potentially pricey.

  • At a glance: Gasoline prices by state Thursday, 25 Sep 2014 | 4:56 PM ET

    The usual autumn decline of the price of gasoline is getting an assist from lower global oil prices. Up to 30 states could see an average price below $3 a gallon by the end of the year. Source: AAA, OPIS and Wright Express.

  • FBI chief: Apple, Google phone encryption perilous Thursday, 25 Sep 2014 | 2:12 PM ET

    WASHINGTON— The FBI director on Thursday criticized the decision by Apple and Google to encrypt smartphones data so it can be inaccessible to law enforcement, even with a court order.

  • Senators: Widen Medicaid program for frail seniors Thursday, 25 Sep 2014 | 12:57 PM ET

    WASHINGTON— More than a dozen U.S. senators from both parties are calling on the Obama administration to broaden a Medicaid program for the nation's frailest seniors, calling it a proven alternative to pricier nursing home care as states seek to limit long-term medical costs.

  • LabCorp to buy LipoScience for $85.3M in cash Thursday, 25 Sep 2014 | 9:47 AM ET

    BURLINGTON, N.C.— Laboratory Corp. of America will pay $85.3 million in cash for diagnostic test maker LipoScience Inc. in a deal that aims to strengthen its clinical decision support programs. LabCorp will pay $5.25 for each LipoScience share, a 65 percent premium to the stock's closing price on Wednesday.

  • Small businesses helping workers buy health plans Wednesday, 24 Sep 2014 | 12:36 PM ET

    NEW YORK— When Monty Hagler learned his employee insurance premiums could rise as much as 38 percent, the small business owner decided he couldn't afford coverage that complies with the health care overhaul.

  • Duke Energy says it will close SC coal ash pits Wednesday, 24 Sep 2014 | 11:31 AM ET

    COLUMBIA, S.C.— Duke Energy told state regulators Tuesday it plans to remove coal ash from one of its South Carolina waste pits and close two more at a power station that environmentalists say threatens the Saluda River.

  • Track workers deaths prompt transportation study Wednesday, 24 Sep 2014 | 9:35 AM ET

    A report approved Wednesday at a meeting of the National Transportation Safety Board found that differences between regulations of the Federal Railroad Administration and the Occupational Safety and Health Administration can be confusing.

  • Deer are pests for airports, threats to pilots Wednesday, 24 Sep 2014 | 3:11 AM ET

    Unwary motorists aren't the only ones who need to beware of the four-legged bane of gardeners, especially at this time of the year. Pilots are also having deer encounters that rarely end well, especially for the deer.