Individual Putt-Putt locations have offered everything from laser tag to restaurants, but for the first time it's become a franchise model.» Read More
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.
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.
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.
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.
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.
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.
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.
*Manufacturing output rises at 6.7 percent pace in Q2. WASHINGTON, July 16- U.S. manufacturing output rose at its fastest pace in more than two years in the second quarter, suggesting the economy was regaining enough momentum to lift growth throughout the year.
Investors drove up shares in Time Warner 17 percent on news that Twenty-First Century Fox made a takeover bid for the media giant. Momentum from Intel's strong second-quarter earnings late Tuesday and news that Apple and IBM are teaming up to sell more iPhones and iPads to corporate customers helped lift major stock indexes in premarket trading.
NEW YORK— Bank of America said Wednesday that its second-quarter earnings were hit by higher litigation expenses. Bank of America also said that it had reached a $650 million settlement Tuesday with American International Group Inc. to resolve all outstanding residential mortgage-backed securities litigation between the two companies.
RICHMOND, Va.— Upholstery maker Vanguard Furniture plans to open a manufacturing operation in Virginia's Carroll County that will create more than 200 jobs. Terry McAuliffe said Tuesday that the facility will be North Carolina- based Vanguard's first production operation in the state.
Camel cigarette maker Reynolds American Inc.' s $25 billion deal to buy Newport maker Lorillard Inc. creates a formidable No. 2 tobacco company in the U.S. behind Marlboro maker Altria.
WINSTON-SALEM, N.C.— CORRECTS: Cigarette maker Reynolds American to buy rival Lorillard in $27 B deal.
LONDON, July 14- Oil prices ended slightly higher on Monday as traders weighed renewed violence in Libya against broader signs of a global market well-supplied with crude. Last week, North Sea benchmark Brent closed at its lowest in three months as easing tensions in Libya and Iraq mitigated fears of supply disruptions.
Three people charged in a deadly salmonella outbreak traced to a southwest Georgia peanut plant five years ago will go on trial two weeks later than initially planned, a judge decided Friday.
But I feel like I'm changing one or two minds here or there, "said Felice Pete, a nurse anesthetist and a member of the state party's Black Advisory Board. The swing state, one of 11 where the Republican National Committee has hired staff to reach black voters, hosts one of the country's most important Senate races in November's midterm elections.
Cigarette makers Reynolds American Inc. and Lorillard Inc. on Friday said they are in talks of a possible merger that would combine two of the nation's oldest and biggest tobacco companies.
RALEIGH, N.C.— A co-author of a Senate bill to clean up coal ash ponds at Duke Energy's North Carolina power plants said Thursday that his chamber would reject the House's competing version of the measure, requiring negotiators to forge a compromise.