An N.C. man faces charges after being arrested on suspicion of selling crushed Pop-Tarts—as crack cocaine, a TV station reports.» Read More
Dollar General is going hostile with its $9.1 billion bid for Family Dollar after its rival repeatedly rejected previous offers. The discount chain has commenced an open offering to investors of Family Dollar Stores Inc. for $80 per share in cash.
After struggling with divorce, health problems and an underwater home mortgage, the 57- year-old anticipates there could come a day when her Social Security benefits will be docked to make the payments. Tens of thousands of them even see their Social Security benefits garnished when they cannot do so.
WINSTON SALEM, N.C.— Krispy Kreme Doughnuts Inc. on Tuesday reported a profit of $5.8 million in its fiscal second quarter. The Winston Salem, North Carolina- based company said its net income totaled 8 cents per share. Analysts expected $117.5 million, according to Zacks.
MILWAUKEE— Jake Leinenkugel announced Tuesday that he is stepping down as president of the craft brewery started by his great-great-grandfather and will be succeeded by his younger brother Dick Leinenkugel, who formerly led economic development efforts in Wisconsin.
Pat McCrory said Tuesday he won't sign a new law regulating Duke Energy's toxic coal ash pits because he has problems with it, but he will allow the legislation to become law without his signature.
NEW YORK— Dollar Tree Inc. said Tuesday that it has received a request from the Federal Trade Commission for more information about its proposed takeover of Family Dollar Stores Inc.. Dollar Tree, based in Chesapeake, Virginia, offered to buy Family Dollar for about $8.5 billion in July.
The New York comptroller is getting involved in the FairPoint labor dispute, using his clout with the company's biggest shareholder to ensure the company's workforce is treated fairly. Thomas DiNapoli expressed concerns about allegations that FairPoint improperly declared an impasse in negotiations with unions representing more than 1,700 workers.
WASHINGTON— A fatal UPS cargo plane crash during a landing attempt last year was caused by pilots who made a series of errors and should have aborted the landing, the National Transportation Safety Board said Tuesday.
WASHINGTON- Federal Reserve Board Governor Daniel Tarullo and other banking officials testify before Senate Banking Committee on Wall Street Reform- 1400 GMT. Counselor to the Treasury Secretary Michael Stegman speaks before the 2014 American Mortgage Conference in Raleigh- 1715 GMT.
Sept 8- Clinical research company PRA Health Sciences Inc filed with U.S. regulators on Monday to raise up to $375 million in an initial public offering of its common stock. Jefferies LLC, Citigroup Inc, KKR& Co and UBS Investment Bank are among the underwriters of the offering, the company said in a filing with the U.S. Securities and Exchange Commission.
INDIANAPOLIS— The Indiana Court of Appeals ruled Monday that state utility regulators wrongly approved $61 million in ratepayer fees for the Edwardsport coal gasification plant. Duke Energy is seeking the money to cover construction costs for the plant.
RALEIGH, N.C.— Duke Energy has entered into a $1.2 billion agreement with ElectriCities to buy back minority stakes in several North Carolina power plants. The deal is expected to lower power bills of thousands of eastern North Carolina residents by reducing debt for the North Carolina Eastern Municipal Power Agency, which is managed by ElectriCities.
CHARLOTTE, N.C.— Chiquita is postponing a vote on its proposed merger with the Irish fruit seller Fyffes as it awaits a new bid from another potential buyer. Chiquita said it has received a waiver from Fyffes allowing it to hold talks with investment firm Safra Group and Brazil's Cutrale Group, an agribusiness and juice company.
RALEIGH, N.C.— North Carolina's Supreme Court on Monday took a new look at whether state regulators are doing enough to balance consumer protection against the pursuit of higher rates by the country's largest electric company. The Duke Energy Corp. subsidiary serves customers in Durham and western North Carolina.
STOCKHOLM— Sweden's Electrolux is buying the appliances business of General Electric for $3.3 billion, boosting its presence on the North American market, the companies said Monday. The acquisition is the largest ever for Stockholm- based Electrolux, ranked as the world's second biggest home appliance maker after U.S. rival Whirlpool.
WASHINGTON, Sept 8- U.S. Export-Import Bank, caught in a rare political storm over its mission, is fighting for survival and its best line of defense is to debunk criticism that the 80- year-old institution favors corporate giants over small businesses.
WASHINGTON— Lawmakers are streaming back to Capitol Hill after their summer vacation for an abbreviated September session in which feuding Democratic and Republican leaders promise action to prevent a government shutdown while holding votes aimed at defining the parties for the fall campaign.
President Barack Obama has decided to delay any executive action on immigration until after the November congressional elections.
Two White House officials said Obama concluded that circumventing Congress through executive actions on immigration during the campaign would politicize the issue and hurt future efforts to pass a broad overhaul.
WASHINGTON— Congress returns to work Monday with a basic task— act fast to keep the U.S. government open and then race home to campaign. Jeff Sessions, a member of the Senate Armed Services Committee, said Obama can use force against the militants in Iraq or Syria based on the military doctrine that if someone "is attacking you or your ally you can respond."