North Carolina
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Hopes for overhauling the federal tax system are fading in Washington, but in some state capitals, tax reform experiments- some far-reaching- are fast taking shape.
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Feb 1- Some Bank of America Corp customers weren't able to access their online banking accounts on Friday because of an internal systems issue, a person familiar with the matter said. Customers logging into Bank of America's website on Friday received a message that said the site was "temporarily unavailable."
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SHELBY, N.C.-- KSM Castings NC Inc., a German-based maker of light metal casting products for the automotive industry, is establishing its first U.S. plant in North Carolina, creating 189 jobs and investing more than $45 million. Pat McCrory and state Commerce Secretary Sharon Decker announced Friday that KSM plans to create the jobs by the end of 2018..
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MATTHEWS, N.C.-- Harris Teeter Supermarkets Inc. reported Thursday that its fiscal first-quarter net income jumped nearly 67 percent as it wasn't weighed down by unusual costs of the prior year. The specialty grocery reported after the market closed that it earned $22.8 million, or 46 cents per share, for the quarter that ended Jan. 1.
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CEDAR RAPIDS, Iowa, Jan 31- A U.S. judge on Thursday sentenced the founder of Peregrine Financial Group to 50 years in prison for looting hundreds of millions of dollars from the brokerage, saying his customers would probably never recover the money they lost.
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WASHINGTON, Jan 31- The number of Americans filing new claims for unemployment benefits last week stayed in a range consistent with job growth and incomes rose in December by the most in eight years, mildly positive signs for a still-fragile economy.
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RALEIGH, N.C.-- In a case prosecutors say highlights weaknesses in the nation's gun laws, a South Carolina man admitted Wednesday he sold dozens of powerful military-style rifles at gun shows and in a hotel parking lot without any paperwork or background checks.
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*Hagel says cuts would be "devastating" to Pentagon. WASHINGTON, Jan 31- Big automatic cuts in federal spending are fast approaching again, alarming the defense sector but generating little activity in Congress to avoid them.
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CHICAGO, Jan 30- Russell Wasendorf Sr., who admitted looting more than $100 million from futures broker Peregrine Financial Group, expects to die behind bars even if a judge ignores prosecutors and imposes a lenient sentence at a hearing on Thursday.
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The South Dakota law is based on centuries-old British law. Adelstein had hoped his cause would be helped by a recent trial in Rapid City that attracted a lot of attention in South Dakota. Former county prosecutor Glenn Brenner was sued by his wife's ex-husband, businessman Douglas Rumpca, claiming Brenner stole Kellie Rumpca from a loving marriage.
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CHARLOTTE, N.C.-- Nucor Corp. on Tuesday reported flat fourth-quarter net income, as the effects of lower costs and an accounting-related gain were offset by a drop in sales. Excluding those items, Nucor posted an adjusted profit of 31 cents per share.
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RALEIGH, N.C.-- The North Carolina state department that operates Medicaid and other health programs has created a new position to manage and modernize aging computer networks five months before an expensive and critical billing system is supposed to go live.
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RALEIGH, N.C.-- Before telling the unemployed that they must live on $350 a week, North Carolina Gov. Advocates challenged McCrory and legislators _ who will soon consider a bill to lower the maximum unemployment benefit to $350 weekly from about $535 _ to live on that amount themselves for one week.
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WASHINGTON, Jan 28- Federal and state regulators on Monday shut down direct-sales company Fortune Hi-Tech Marketing following complaints that the company was operating a pyramid scheme.
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NEW YORK-- Shares of Furiex Pharmaceuticals Inc. surged Monday after regulators approved three new diabetes drugs that Japanese drugmaker Takeda developed with help from Furiex. THE SPARK: On Friday, Takeda said the Food and Drug Administration approved the type 2 diabetes drug Nesina and the combination drugs Oseni and Kazano.
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CHARLOTTE, N.C.-- Chiquita Brands International Inc. said Monday that it expects its fourth-quarter sales to total about $738 million, up about 2 percent from $722 million in the same period the year before.
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CHICAGO-- As Illinois becomes the fourth and most populous state to give illegal immigrants permission to drive, nagging concerns remain about whether there are enough safeguards to avoid the identity fraud and other pitfalls other states faced. Pat Quinn signed Illinois' measure into law Sunday in Chicago.
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*US Air, AMR yet to agree valuation, management team-sources. NEW YORK, Jan 25- US Airways Group Inc and American Airlines parent AMR Corp are in the final stages of negotiating a merger, with the final price and management structure still to be resolved, four people familiar with the matter said.
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NEW YORK, Jan 25- Frozen cash machines and canceled classes marked another day of a cold snap gripping large swaths of the United States on Friday, with a winter storm threatening the Northeast's evening commute.
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NEW YORK, Jan 25- Frozen cash machines and canceled classes marked another day of a cold snap gripping large swaths of the United States on Friday, with a winter storm threatening the East's evening commute.
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NEW YORK, Jan 25- A federal appeals court signaled that victims of Bernard Madoff's fraud more than four years ago might be allowed to eventually sue the swindler's family members over their losses, if they're willing to wait longer.