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  • NEW YORK, June 25- Crude oil slipped for a second straight day on Thursday, weighed by weaker U.S. refined fuels markets and potential negative impact from Greece's debt crisis on European energy demand. "I'm really looking for a breakout of the recent trading ranges to take new positions," said Tariq Zahir, an oil bear at Tyche Capital Advisors, an energy-focused...

  • Judge lets prosecutors stay on W.Va. chemical spill case Thursday, 25 Jun 2015 | 10:19 AM ET

    CHARLESTON, W.Va.— A judge will let federal prosecutors keep working on a criminal case over a chemical spill last year in West Virginia, shooting down arguments that prosecutors should be recused from the case because they were among the 300,000 people without clean tap water for days. In an order in Charleston federal court Wednesday, U.S.

  • Virginia OKs $2.5M coal ash spill settlement with Duke Thursday, 25 Jun 2015 | 2:50 AM ET

    RICHMOND, Va.— Virginia agreed Thursday to a $2.5 million settlement with Duke Energy for a February 2014 spill of coal ash in North Carolina that floated down the Dan River, depositing tons of the toxic stew into the city of Danville's waterfront and beyond. The State Water Control Board sided unanimously with the Virginia Department of Environmental Quality...

  • CHICAGO, June 24- A merger between Dutch supermarket Ahold and Belgian rival Delhaize will be a boon for U.S. online grocer Peapod, an Ahold unit which will gain valuable resources to fend off rival Amazon.com and upstart competitors, according to retail industry consultants. Access to Delhaize's efficient and low-cost distribution centers in the east and its...

  • June 24- Cree Inc said it would reduce manufacturing capacity at its light-emitting diode factory, as it struggles with a decline in prices, and take an $85 million restructuring charge. The company said it now expects revenue of $375 million for the current quarter, down from the $420 million- $440 million it expected earlier. The company had recorded revenue of...

  • NEW YORK, June 24- When Kristi Sullivan quizzed her husband about how much money she made last year, the Denver financial planner was shocked to discover he was off by a wide margin. Although they have been married for 18 years, with two kids, her hubby missed the mark by $8,000. Boston- based money managers Fidelity Investments asked that very question in its...

  • The Valley Forge Flag Co., based in Wyomissing, Pennsylvania, on Tuesday joined companies including Wal-Mart, Amazon and eBay in banning the flag following the killings last week of nine black people at a historic black church in Charleston, South Carolina. Valley Forge's decision came as a growing chorus of civil rights and political leaders called for...

  • *Core capital goods orders rise 0.4 percent in May. WASHINGTON, June 23- A gauge of U.S. business investment spending plans rose in May, a tentative sign that the manufacturing sector was stabilizing after hitting a soft patch in recent months. The Commerce Department said non-defense capital goods orders excluding aircraft, a closely watched proxy for business...

  • *Core capital goods orders rise 0.4 percent in May. WASHINGTON, June 23- A gauge of U.S. business investment spending plans rose in May, a tentative sign that the manufacturing sector was stabilizing after going into a slump late last summer. The Commerce Department said non-defense capital goods orders excluding aircraft, a closely watched proxy for business...

  • *Iran parliament passes bill that may delay accord, crude exports. NEW YORK, June 23- Crude futures rallied around 2 percent on Tuesday, latching onto a rebound in oil products ahead of U.S. inventory data expected to show strong demand for gasoline. Brent crude futures were up $1.40, or 2.2 percent, at $64.74 a barrel by 1:14 p.m. EDT.

  • CHARLOTTE, N.C.— Duke Energy plans to excavate and move coal ash from a dozen more waste ponds in North Carolina, the company said Tuesday, as it works to excavate or safely close pits seeping millions of gallons of contaminated wastewater each day. Duke Energy says if regulators approve, it now plans to excavate coal ash from 20 of its 32 North Carolina pits.

  • *Iran parliament passes bill that may delay accord, crude exports. NEW YORK, June 23- Crude futures rallied about 1 percent in New York trade on Tuesday, reversing losses from the European session and latching onto a rebound in oil products ahead of U.S. inventory data expected to show strong demand for gasoline. Futures of Brent crude were up 76 cents, or 1.3 percent,...

  • *Market intelligence firm Genscape reports Cushing draws. NEW YORK, June 18- Oil prices settled up for a third straight day on Thursday, boosted by a slipping dollar and reports that data showed a draw in crude this week at Cushing, Oklahoma, the delivery point for U.S. crude futures. On Wednesday, the U.S. Energy Information Administration also cited the first weekly...

  • *Market intelligence firm Genscape reports Cushing draws. NEW YORK, June 18- Oil prices rose for a third straight day on Thursday, helped by a weaker dollar and data showing draws this week at the delivery point for U.S. crude futures. Market intelligence firm Genscape reported a draw of about 870,000 barrels at the Cushing, Oklahoma delivery point for crude in the...

  • *New York state factory activity gauge falls in June. WASHINGTON, June 15- U.S. industrial production unexpectedly fell in May as manufacturing and mining activity remained weak, a sign that a strong dollar and spending cuts in the energy sector continued to constrain economic growth. The challenges of the stronger dollar and drop in energy prices linger, "said...

  • Two shark attacks less than an hour apart Monday, 15 Jun 2015 | 8:24 AM ET
    Two shark attacks less than an hour apart

    Two teenagers are in the hospital after they were attacked by sharks at North Carolina beaches, reports CNBC's Becky Quick.

  • WASHINGTON, June 8- A Republican businessman said on Monday he is pouring millions of dollars into a foundation that sees opportunities where the majority of his fellow party members do not: easing climate change and speeding the country's transition to clean energy. Jay Faison of Charlotte, North Carolina, has given $165 million to Clearpath, his foundation...

  • June 8- Specialty pharmaceuticals company Pozen Inc said on Monday it would acquire Tribute Pharmaceuticals Canada Inc for about $144 million, in a deal that would shift its domicile to Ireland and cut its tax bill. Adams became CEO of Chapel Hill, North Carolina- based Pozen just one week ago, after founder John Plachetka retired. Pozen's primary drug, Yosprala, is...

  • June 8- When Christel Shea was trying to book a trip from Providence, Rhode Island to Greenville, South Carolina a couple of weeks ago, it took more than one online search for her to identify that the best buy was to fly into Charlotte, North Carolina and rent a car for the hour-long drive. Shea, managing director of the group tour research site TourMatters.com, used a...

  • June 8- Apple Inc is setting up a high-speed network and upgrading how it builds data centers, to compete better with Amazon.com Inc, Google Inc and Microsoft Corp in cloud services, Bloomberg reported, citing people familiar with the plans. The plan entails connecting Apple's data centers in California, Nevada, North Carolina and Oregon, and others to get content...