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  • US aerospace conglomerate to expand in Puerto Rico Tuesday, 22 Jul 2014 | 1:52 PM ET

    SAN JUAN, Puerto Rico— Puerto Rico's governor says a U.S. aerospace manufacturing firm is investing $9 million to expand its operations on the island. Alejandro Garcia Padilla said Tuesday the expansion of UTC Aerospace Systems follows a previous investment of $15 million that has created 200 jobs in the past year.

  • WASHINGTON, July 22- U.S. home resales hit an eight month-high in June, suggesting the housing market was gradually regaining momentum and would help the economy to stay on a higher growth path this year.

  • NC tax breaks OK'd for 250 IT jobs in Charlotte Tuesday, 22 Jul 2014 | 12:18 PM ET

    RALEIGH, N.C.— An information technology consulting company plans to create 250 jobs in Charlotte within five years as it hopes to serve the city's big banks.

  • Big issues loom for Congress as Aug. recess nears Tuesday, 22 Jul 2014 | 2:44 AM ET

    With just two weeks before lawmakers' sacrosanct August break, progress is decidedly mixed on several must-pass items due to Capitol Hill partisanship, heightened by midterm elections and the Obama administration's conflicting signals to Congress.

  • Judge: FDA can't use tobacco panel menthol report Monday, 21 Jul 2014 | 6:25 PM ET

    U.S. District Court Judge Richard Leon in Washington ordered the FDA on Monday to reconstitute the tobacco panel and barred the agency from using its older report on menthol cigarettes.

  • Widow: Jury sent tobacco company a $23B message Monday, 21 Jul 2014 | 6:21 PM ET

    NEW YORK— A Florida widow awarded $23.6 billion in the death of her chain-smoking husband on Monday called the massive verdict a message to Big Tobacco, even though she likely won't see much if any of the money. In another major tobacco trial, a $28 billion verdict in a 2002 case in Los Angeles turned into $28 million after appeals.

  • *U.S. accuses Russia of complicity in shooting down flight MH17. NEW YORK, July 21- Oil prices rose on Monday as the threat of escalating tension between Russia and the West over the crisis in Ukraine mounted, while August U.S. crude zoomed higher prior to its expiry.

  • U.S. accuses Russia of complicity in shooting down flight MH17. *New European sanctions on Russia may heighten oil risk premium. NEW YORK, July 21- Oil prices rose on Monday as the threat of escalating tension between Russia and the West mounted, while August U.S. crude zoomed higher prior to its expiry.

  • *U.S. accuses Russia of complicity in shooting down flight MH17. *New European sanctions on Russia may heighten oil risk premium. NEW YORK, July 21- Oil prices rose on Monday as the threat grew of escalating tension between Russia and the West, while August U.S. crude zoomed higher prior to its expiry.

  • Committees, super PACs disclose June fundraising Monday, 21 Jul 2014 | 3:14 AM ET

    The anti-tax Club for Growth Action last month had its second best fundraising haul this election cycle as it raised money to pour into Chris McDaniel's bid to deny incumbent Republican Thad Cochran a seventh term in the Senate.

  • RJ Reynolds vows to fight $23.6B in damages Sunday, 20 Jul 2014 | 3:02 AM ET

    MIAMI— The nation's No. 2 cigarette maker is vowing to fight a jury verdict of $23.6 billion in punitive damages in a lawsuit filed by the widow of a longtime smoker who died of lung cancer. R.J. Reynolds Tobacco Co. executive J. Jeffery Raborn has called the damages awarded by a Pensacola jury "grossly excessive and impermissible under state and constitutional law."

  • Fla. jury slams RJ Reynolds with $23.6B in damages Saturday, 19 Jul 2014 | 3:48 PM ET

    MIAMI— A Florida jury has slammed the nation's No. 2 cigarette maker, R.J. Reynolds Tobacco Co., with $23.6 billion in punitive damages in a lawsuit filed by the widow of a longtime smoker who died of lung cancer in 1996.. The case is one of thousands filed in Florida after the state Supreme Court in 2006 tossed out a $145 billion class action verdict.

  • NC company recalls chicken due to misbranding Friday, 18 Jul 2014 | 7:14 PM ET

    RALEIGH, N.C.— A North Carolina company is recalling approximately 200 pounds of grilled chicken entrees because they were mislabeled and contain milk, an allergen not declared on the label. The U.S. Department of Agriculture's Food Safety and Inspection Service announced the recall by B. Roberts Foods of Charlotte, North Carolina, on Friday.

  • *Expects full-year earnings of $3.06/ shr vs est $3.09. July 18- Apparel retailer VF Corp, which owns brands such as Timberland and The North Face, reported a fall in gross margins for the first time in nine quarters and forecast a full-year profit below the analysts' average estimate.

  • Ranking US states by job creation in past 5 years Friday, 18 Jul 2014 | 11:06 AM ET

    WASHINGTON— Since the Great Recession officially ended in June 2009, the U.S. economy has generated 7.8 million jobs. North Dakota, benefiting from an oil and gas drilling boom, has created nearly 98,000 jobs over the past five years, a 27 percent increase-- by far the best in the country.

  • NC unemployment rate remains flat at 6.4 percent Friday, 18 Jul 2014 | 10:30 AM ET

    RALEIGH, N.C.— North Carolina's unemployment rate remained flat for June, as the number of people with full-time jobs slipped slightly from the prior month. The state Commerce Department reported Friday that North Carolina's unemployment rate was 6.4 percent in June, which was the same rate reported for May.

  • July 18- VF Corp, the owner of brands such as Timberland and The North Face, reported better-than-expected quarterly profit and sales as cold weather in North America drove demand for its higher-margin outdoor and action sports brands.

  • Republicans criticize handling of IRS inquiry Thursday, 17 Jul 2014 | 3:14 AM ET

    WASHINGTON— Republicans chastised the Justice Department on Thursday for failing to share information with Congress about its investigation into the targeting of conservative groups by the Internal Revenue Service.

  • Business Highlights Wednesday, 16 Jul 2014 | 5:50 PM ET

    Rejected Fox bid for Time Warner shows growth mood. NEW YORK— In a move that aims to counter consolidation among TV distributors, Rupert Murdoch's Fox has made an unsolicited takeover offer for rival media giant Time Warner for about $76 billion in cash and stock.

  • Smith named regional exec for Berkshire Hathaway Wednesday, 16 Jul 2014 | 11:56 AM ET

    DOTHAN, Ala.— The Berkshire Hathaway Media Group has announced that Steve Smith will be regional publisher for its Alabama division. Smith will oversee the Dothan Eagle, Opelika-Auburn News, Enterprise Ledger, Eufaula Tribune, Dothan Progress and Jackson County Floridian in Mariana, Florida.