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  • Cato posts 4Q profit Thursday, 19 Mar 2015 | 7:24 AM ET

    CHARLOTTE, N.C. _ Cato Corp. on Thursday reported fiscal fourth-quarter earnings of $9.2 million. The Charlotte, North Carolina- based company said it had net income of 33 cents per share. For the year, the company reported profit of $60.5 million, or $2.15 per share.

  • Asian markets mostly lower after Wall Street slide Thursday, 19 Mar 2015 | 6:09 AM ET

    Chevron, Exxon Mobil and other energy companies led stocks down. Benchmark U.S. oil sank 70 cents to close at $43.96 a barrel in New York, extending a slump that has slashed prices by more than half over the past year. said Jeff Carbone, a senior partner at Cornerstone Financial Partners in Charlotte, North Carolina. "

  • Tenax Therapeutics reports 3Q loss Wednesday, 18 Mar 2015 | 6:09 AM ET

    MORRISVILLE, N.C. _ Tenax Therapeutics Inc. on Wednesday reported a loss of $2.9 million in its fiscal third quarter. The Morrisville, North Carolina- based company said it had a loss of 10 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Google's moonshots, gender bias at South by Southwest Wednesday, 18 Mar 2015 | 3:01 AM ET

    The head of Google's division talked about testing driverless cars and delivery drones, gender bias in tech was a hot topic and event-goers checked out the latest products and companies on the trade show floor. Some of Google's most secretive projects like Google Glass and driverless cars have come out of its five-year-old division, so attendees flooded in...

  • NC unemployment stays relatively flat for 3rd month Tuesday, 17 Mar 2015 | 4:01 AM ET

    RALEIGH, N.C.— North Carolina's jobless rate was 5.4 percent for January, the third month in a row the figure has been relatively flat, according to numbers released Tuesday. "Broadly speaking, I would say that it's suggesting there's a kind of stabilization in the North Carolina labor market," said Queens University of Charlotte economics professor Harry Bowen,...

  • BioDelivery reports 4Q loss Monday, 16 Mar 2015 | 5:27 PM ET

    RALEIGH, N.C. _ BioDelivery Sciences International Inc. on Monday reported a loss of $17.6 million in its fourth quarter. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 40 cents per share. Three analysts surveyed by Zacks expected $2.1 million.

  • Valeant ups Salix bid to $11.11B and Endo ends quest Monday, 16 Mar 2015 | 8:23 AM ET

    Valeant raised its offer for Salix Pharmaceuticals Ltd. by more than $1 billion Monday, forcing rival bidder Endo International out of the running. Canada's Valeant Pharmaceuticals International Inc. said it would pay $11.11 billion in cash, or $173 per share, a 2 percent premium over Friday's closing price. On Monday, Allergan said that its acquisition by...

  • New bird flu strain has poultry farmers scrambling Saturday, 14 Mar 2015 | 10:12 AM ET

    It can wipe out a flock of tens of thousands of birds in a few days, as it did at a farm last month in Minnesota, the nation's top turkey-producing state. The same strain soon turned up on two farms in Missouri and one in Arkansas. Minnesota confirmed its outbreak March 4, the first H5N2 found in the Mississippi flyway, a major bird migration route.

  • APEX, N.C.— Of all the pieces Julie Moore crafts in her home studio, the most popular is a brightly colored fabric vessel she calls "the party jar." Cremations in the United States have tripled since 1985, accounting for about 44 percent of all "dispositions," according to the Cremation Association of North America. "At least one in five Americans have an urn in their...

  • March 12- Endo International Plc's $11 billion offer this week for Salix Pharmaceuticals Ltd, an effort to trump an agreed $10 billion bid from Valeant Pharmaceutical Inc, illustrates CEO Rajiv De Silva's plan to be seen as not just a protege of Valeant chief Mike Pearson, but as a challenger. If successful, buying Raleigh, North Carolina- based Salix would combine...

  • The U.S. government on Wednesday confirmed the infection of highly pathogenic H5N2 avian flu in turkeys in Arkansas, home to Tyson Foods Inc, the world's biggest chicken company. Mexico and the European Union, along with other buyers, added Arkansas to a list of states from which they are barring poultry exports. Asian and Latin American buyers previously banned...

  • The U.S. government announced the infection of highly pathogenic H5N2 avian flu in turkeys in Arkansas-- home to Tyson Foods Inc, the world's biggest chicken company. Shares in producers Tyson, Pilgrim's Pride Corp and Sanderson Farms Inc tumbled on Wednesday, with Tyson's stock price hitting its lowest point in five months and the stock price for JBS SA unit...

  • NEW YORK, March 6- U.S. stock investors may be bracing for further signs next week that the Federal Reserve could increase interest rates sooner rather than later, with retail sales expected to rebound after two straight months of declines. The S&P 500 ended the week more than 2 percent off its March 2 closing record high, while the Nasdaq was more than 70 points off...

  • NEW YORK, March 6- America's tumbling unemployment rate and better-than-expected job gains in February should give Federal Reserve officials confidence this month to pave the way, though not commit, to an interest rate hike in June. While wage gains were only slight, analysts said the Fed was now likely to drop a reference to patience on the timing of a rate hike...

  • *Euro dips under $1.09; ECB to start bond buying next week. The euro fell below $1.09 for the first time since September 2003. "We feel the economy is in a position for the Fed to begin normalizing policy," said Sam Bullard, senior economist at Wells Fargo Securities in Charlotte, North Carolina.

  • NEW YORK, March 6- America's tumbling unemployment rate and better-than-expected job gains in February should give Federal Reserve officials confidence to pave the way this month, though not commit, to an interest rate hike in June. Given today's employment report, right now, June would strike me as the leading candidate for lift off, " Richmond Federal Reserve...

  • FOREX-Dollar jumps after strong U.S. jobs report Friday, 6 Mar 2015 | 10:33 AM ET

    NEW YORK, March 6- The dollar jumped on Friday to an 11-1/ 2 year high against a basket of currencies as news of robust U.S. employment growth bolstered market sentiment that the Federal Reserve was closer to raising interest rates. Before a U.S. employment report on Friday, the dollar had already hit an 11-1/ 2 year high against the euro as interest rate differentials...

  • *Average hourly earnings rise three cents. WASHINGTON, March 6- U.S. employment growth accelerated in February and the jobless rate fell to a more than 6-1/ 2 year low of 5.5 percent, signs that could encourage the Federal Reserve to consider hiking interest rates in June. We think it is on the path to make a rate change in June, "said Sam Bullard, a senior economist at...

  • *Apple to replace AT&T in Dow Industrials. NEW YORK, March 6- U.S. stocks fell on Friday, with the S&P 500 on track for a second week of declines, as a strong monthly jobs report heightened expectations the U.S. So this much stronger-than-expected number could push that date up, "said Tracie McMillion, head of asset allocation at Wells Fargo Investment Institute in...

  • NEW YORK, March 4- U.S. hospital executives said on Wednesday they were optimistic they will avoid the toughest consequences of a Supreme Court decision on whether millions of Americans can continue to purchase subsidized health benefits under Obamacare. "I am hopeful that the court will recognize and uphold the intent of Congress, which was to expand coverage...