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  • HICKORY, N.C.— CommScope is buying TE Connectivity's telecom, enterprise and wireless businesses for about $3 billion, which will help diversify its operations and broaden its geographic reach. The deal does not include subsea communications or data communications businesses owned by TE Connectivity Ltd.. CommScope, based in Hickory, North Carolina,...

  • RICHMOND, Va.— Camel cigarette maker Reynolds American Inc.' s planned $25 billion takeover of Newport seller Lorillard Inc. is moving forward after shareholders approved the deal at special shareholder meetings Wednesday. The transaction, which Reynolds and Lorillard value at about $27 billion including debt, would also create a powerhouse in menthol...

  • Between the 2009 and 2013 fiscal years, funding for a wide swath of discretionary grant programs, from Head Start preschool education to anti drug initiatives, fell by an average of 40 percent in Republican-leaning states like Texas and Mississippi. By contrast, funding to Democratic-leaning states such as California and politically competitive swing...

  • WASHINGTON— Some 9.5 million people have already signed up for 2015 coverage under President Barack Obama's health care law, and the administration is on track to surpass its nationwide enrollment target set last year. The Health and Human Services Department said Tuesday that, through the middle of January, more than 7.1 million people had signed up in 37...

  • The 2017 to 2022 drilling plan begins a process that could take many years before waters off the coasts of Virginia, North Carolina, South Carolina or Georgia are cleared for drilling. The administration canceled a lease sale there after BP Plc's deadly explosion and oil spill in the Gulf of Mexico that year. In addition, President Barack Obama took parts of...

  • NASHVILLE, Tenn.— Google said Tuesday it has selected four metro areas in the Southeast to receive its fiber optic service that can deliver Internet speeds at more than 50 times the national broadband average. Google officials said five Western cities previously identified as finalists remain in the running for fiber down the line. "We had four cities here in the...

  • "Virtually every city is grappling with this," said Tom Murphy, an urban revitalization expert and former mayor of Pittsburgh, referring to the demolitions designed to enliven dowdy business districts. No one tracks how many old parking garages are being replaced, but it's happening more frequently, said Shannon Sanders McDonald, an architecture professor at...

  • Nucor tops 4Q profit forecasts Tuesday, 27 Jan 2015 | 9:33 AM ET

    CHARLOTTE, N.C. _ Nucor Corp. on Tuesday reported fourth-quarter net income of $210.4 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share. Nucor shares have decreased 11 percent since the beginning of the year, while the Standard& Poor's 500 index has stayed nearly flat.

  • The storm has led to the postponement of at least two conferences and quarterly results of several companies, including EMC Corp. The New York Stock Exchange, Intercontinental Exchange Inc, Nasdaq OMX Group Inc and BATS Global Markets were open on Monday and expect to be open on Tuesday. JPMorgan Chase& Co Closed New York. New York and as Ocean City, New Jersey and...

  • Stocks surged Monday for several companies that could gain business from the storm system that is sweeping down the East Coast and expected to dump as much as two feet of snow on New York and Boston. Generator maker Generac Holdings Inc., snowplow maker Douglas Dynamics Inc. and PowerSecure International Inc. all climbed 4 percent or more Monday afternoon...

  • BNC posts 4Q profit Monday, 26 Jan 2015 | 9:16 AM ET

    HIGH POINT, N.C. _ BNC Bancorp on Monday reported fourth-quarter profit of $8.5 million. The bank, based in High Point, North Carolina, said it had earnings of 28 cents per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

  • Yadkin tops Street 4Q forecasts Monday, 26 Jan 2015 | 7:00 AM ET

    RALEIGH, N.C. _ Yadkin Financial Corp. on Monday reported fourth-quarter net income of $15.3 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share. Analysts expected $49.3 million, according to Zacks.

  • KANSAS CITY, Mo.— Twenty-eight oil companies and retailers have agreed to settle litigation claiming customers were knowingly overcharged when gas station fuel temperatures rose, plaintiffs announced Friday. Federal officials earlier consolidated about 50 lawsuits filed since 2006 from consumers across the country in the U.S. District Court in Kansas...

  • $2 gasoline: Good times keep rolling at the pump Friday, 23 Jan 2015 | 1:30 PM ET

    But for the first time since 2009, most Americans are paying less than $2 a gallon. "It's crazy," says Michael Noel, an economics professor at Texas Tech University who studies oil and gasoline prices. U.S. crude oil traded Friday just below $46 a barrel and the average price for a gallon of gas was $2.04.

  • WASHINGTON— Union membership in the United States is down slightly, accounting for just over 11 percent of the workforce last year, the Labor Department reported Friday. The department's Bureau of Labor Statistics said public-sector workers have the highest union membership rate at nearly 36 percent. AFL-CIO President Richard Trumka cited "major...

  • SAN FRANCISCO— More than $300,000 in world-class wine stolen from a famed Napa Valley restaurant has been recovered from a private cellar on the other side of the country. The Yountville establishment is rated three stars in the Michelin guide and twice has been named the world's best by Restaurant Magazine. Still, those in the tight-knit Napa Valley wine...

  • Family Dollar shareholders approve Dollar Tree takeover Thursday, 22 Jan 2015 | 11:09 AM ET

    Family Dollar shareholders voted on Thursday to approve a takeover bid by rival Dollar Tree, despite higher competing offers from Dollar General. Dollar General's pursuit of Family Dollar is now likely finished. Family Dollar said it rejected Dollar General's bids because it expected that it would be harder to get regulatory approval for the deal even...

  • BB&T tops Street 4Q forecasts Thursday, 22 Jan 2015 | 6:15 AM ET

    WINSTON-SALEM, N.C. _ BB&T Corp. on Thursday reported fourth-quarter profit of $594 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share. Analysts expected $2.33 billion, according to Zacks.

  • WASHINGTON— Macau, the Chinese territory known for casino gambling, outperformed the rest of the world's major cities economically last year, according to a report out Thursday. Cities in the developing world, especially China, dominated the top of the annual economic rankings of 300 cities worldwide by the Brookings Institution and JPMorgan Chase.

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.