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Diarmuid O'Connell, Tesla vice president; and Robert Glaser, North Carolina Automobile Dealers Association president, debate whether the automaker should be able to sell directly to consumers.
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May 23- ChannelAdvisor Corp shares soared more than 40 percent in their market debut on Thursday as investors bet the e-commerce software company will benefit from the rapid global spread of online buying and selling. Global Brass and Copper and Ply Gem Holdings rose less than 20 percent and Constellium declined 5.5 percent.
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WASHINGTON, May 23- The Republican-dominated U.S. House of Representatives on Thursday voted to switch federal student loan interest rates to a market-based system. The White House also threatened on Wednesday to veto the bill, arguing the plan would create uncertainty for students.
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New census estimates show that most of the nation's largest cities further enhanced their allure last year, posting strong population growth for a second straight year.
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The two-year plan, approved on a 33-17 party-line vote following more than three hours of debate, has been labeled by GOP budget-writers as a fiscally responsible document that locates building repairs and renovations after years of neglect during the Great Recession, and collects more rainy-day reserves.
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CHARLOTTE, N.C.-- Cato Corp. said Thursday its first-quarter net income fell 3 percent, saying that continued tough economic conditions and a variety of factors lowered its sales. For the quarter ended May 4, the specialty retailer earned $30.8 million, or $1.05 per share, down from $31.7 million, or $1.09 per share, in the same quarter the year before.
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Facing a deadline in which federal loan rates would double for 7 million college students, the House is ready to pass legislation that links student loan rates to the markets.
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*FDA panel says suvorexant safe, effective at lower doses. On Monday, the FDA's internal reviewers published a report expressing concern about suvorexant's potential to cause next-day sleepiness and impaired driving.
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WASHINGTON, May 22- President Barack Obama's choice to be transportation secretary promised on Wednesday to work with Congress to figure out how to fund U.S. transportation needs during a time of tight budgets and faced lingering Republican anger over recent air traffic controller furloughs.
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WASHINGTON, May 22- A Justice Department official insisted on Wednesday that no financial company is too big to jail, in the department's latest effort to backpedal from statements made in March by Attorney General Eric Holder.
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WASHINGTON, May 22- Three congressional hearings during the past week have allowed lawmakers to vent their anger at the U.S. tax agency for its targeting of conservative groups for extra scrutiny, but the sessions have yielded few answers about who was responsible.
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CHARLOTTE, N.C.-- A state environmental agency is seeking a court injunction against Duke Energy Corp. over groundwater that may have been contaminated by coal ash from a Charlotte- area power plant.
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CNBC has been ranking all 50 states for competitiveness since 2007. This year's report comes as states continue to get back in fighting shape—fighting for jobs, that is.
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We score all the states on 55 measures of competitiveness and 10 categories, from the cost of doing business to technology and innovation.
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RALEIGH, N.C.-- Supporters of a bill providing public money to low-income families to attend North Carolina private or religious schools said Monday passing the measure would help give all students the prospect of succeeding in life.
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GREENSBORO, N.C.-- The Fresh Market Inc. said Monday that it has appointed Jeffrey Ackerman as its executive vice president and chief financial officer of the specialty grocery chain. Fresh Market's prior CFO left the company in December for a job at a privately held clothing company.
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May 20- Monsanto Co is hosting a "Bee Summit." Bayer AG is breaking ground on a " Bee Care Center." Monsanto, Syngenta, Bayer and other agrichemical companies say other factors such as mites are killing the bees.
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GAZIPUR, Bangladesh, May 20- A Bangladesh factory where Wal-Mart Stores Inc and Inditex SA inspectors spotted cracks in the wall this month is still making Wrangler shirts for the world's largest apparel maker, U.S.-based VF Corp..
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CHICAGO-- United States Cellular Corp., the sixth-largest cellphone carrier in the country, on Friday closed on the sale of some of its Midwestern markets to No. 3 Sprint Nextel Corp. and announced that it's handing over the proceeds to shareholders through a special dividend.
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WASHINGTON, May 17- A divided U.S. House of Representatives on Friday passed a Republican-sponsored bill that would force federal securities regulators to conduct more economic analysis before adopting rules for Wall Street. U.S. law already requires the SEC to consider the impact regulations would have on competition, efficiency and capital formation.
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WASHINGTON, May 17- A divided U.S. House of Representatives on Friday passed a Republican-sponsored bill that would force federal securities regulators to conduct more economic analysis before adopting rules for Wall Street. U.S. law already requires the SEC to consider the impact regulations would have on competition, efficiency and capital formation.