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North Carolina

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  • Biden blasts Romney tax plans during stop in NC Tuesday, 2 Oct 2012 | 3:33 PM ET

    CHARLOTTE, N.C.-- Vice President Joe Biden on Tuesday criticized Republican presidential candidate Mitt Romney for proposing policies that Biden says would cut taxes for millionaires and raise them for middle-class families.

  • Computer maker Lenovo to bring 115 jobs to NC Tuesday, 2 Oct 2012 | 3:12 PM ET

    GREENSBORO, N.C.-- Electronics maker Lenovo will start making computers at its warehouse near Greensboro, N.C.. Lenovo is a Chinese company with a headquarters in Morrisville. In the past two years, Lenovo has opened plants in China, Brazil and the United States.

  • NY trial set next year for 5 ex-Madoff employees Tuesday, 2 Oct 2012 | 3:09 PM ET

    NEW YORK-- A trial will be held next year for five of Bernard Madoff's former employees who are accused of conspiring in history's biggest Ponzi scheme. The Oct. 7, 2013, trial date was set Tuesday by a federal judge in Manhattan. Madoff is serving a 150- year prison sentence in North Carolina.

  • Vice President Joe Biden told a campaign rally on Tuesday that the middle class has been buried for the past four years, just longer than President Barack Obama's time in the White House.

  • Home price changes in each state in August Tuesday, 2 Oct 2012 | 1:37 PM ET
  • Old Dominion falls on shipping slowdown worries Tuesday, 2 Oct 2012 | 11:58 AM ET

    NEW YORK-- Shares of Old Dominion Freight Line Inc. fell Tuesday, after an analyst for RBC Capital Markets cited a slowdown in certain kinds of shipping and tough earnings comparisons facing the trucking company in cutting his rating for the company to "Sector Perform" from "Outperform."

  • 3rd American Airlines flight had seats come loose Tuesday, 2 Oct 2012 | 11:10 AM ET

    DALLAS-- American Airlines says passenger seats on a third flight came loose as the plane was airborne, and it's continuing to inspect other jets with similar seating. Separately an American flight on Tuesday from Chicago to London was diverted to Shannon Airport in Ireland after a report of smoke in the cabin.

  • NY indictment: Madoff fraud stretched to the 1970s Monday, 1 Oct 2012 | 7:38 PM ET

    NEW YORK-- New York prosecutors say the multibillion-dollar fraud carried out by Wall Street swindler Bernard Madoff began as far back as the early 1970 s. The revelation comes in a rewritten indictment boosting charges against four long-time employees of the investment firm Madoff ran from his Manhattan offices.

  • Oct 1- U.S. prosecutors on Monday announced expanded charges against five former employees of Bernard Madoff's firm, in an indictment that dates the conspiracy to defraud clients to roughly two decades earlier than previously alleged.

  • Cotton ends higher after testing 70 cents Monday, 1 Oct 2012 | 5:21 PM ET

    NEW YORK, Oct 1- Cotton prices ended higher on Monday on technical buying after testing the 70- cent mark, with traders expecting renewed pressure ahead of the U.S. harvest. It found support at 70 cents, "said John Flanagan, an analyst at Flanagan Trading Corp in North Carolina. New York cotton for December delivery.

  • HOUSTON, Oct 1- Returning the damaged Crystal River nuclear unit in Florida to service could cost $3 billion and take eight years, according to an independent review of repair options commissioned by Duke Energy.

  • Justices open big term with new human rights case Monday, 1 Oct 2012 | 3:44 PM ET

    WASHINGTON-- The Supreme Court plunged into its new term Monday with a high-stakes dispute between businesses and human rights groups over accountability for foreign atrocities. Cases involving some of the most emotional issues in American life are likely to be decided after voters choose a president and new Congress next month.

  • Estimated Progress Fla. nuke plant repair costs up Monday, 1 Oct 2012 | 2:57 PM ET

    TALLAHASSEE, Fla.-- A new report says it would cost nearly $1.5 billion to repair Progress Energy's damaged nuclear reactor at Crystal River. That's up from the St. Petersburg- based utility's prior estimate of $900 million to $1.3 billion.

  • Red Lobster _ for the non-seafood lover in you Monday, 1 Oct 2012 | 10:39 AM ET

    NEW YORK-- Red Lobster isn't just for the seafood lover in you. Red Lobster also is increasing the number of dishes that cost less than $15 to attract customers who have cut back on spending. The chain, which is owned by Darden Restaurants Inc., says a quarter of the items on its menu will be non-seafood dishes, up from 8 percent.

  • High court begins new term with human rights case Monday, 1 Oct 2012 | 12:09 AM ET

    WASHINGTON-- The Supreme Court opened its new term Monday with a high-stakes dispute between businesses and human rights groups over accountability for foreign atrocities.

  • Utility’s Role in Convention Tests Obama Wednesday, 15 Aug 2012 | 8:58 AM ET
    President Barack Obama (L), James E. Rogers (R)

    The intersection of Duke Energy’s interests and its support for the Democratic National Convention in Charlotte is testing President Obama’s pledge to free the party’s gathering from business and lobbyist support, The New York Times reports.

  • President Barack Obama is reflected on a glass table as he appears on television screens at an electronics shop in 2008 during a segment of a 30-minute prime-time infomercial.

    If television ad spending is any guide, the White House race will come down to nine states that have absorbed an eye-popping $350 million in commercials so far.

  • Where the Wall Street Companies Are Moving Friday, 3 Aug 2012 | 11:48 AM ET
    On July 1,  published an  called “Financial Giants Are Moving Jobs Off Wall Street.” It detailed an emerging trend in which major Wall Street companies are taking swaths of on-site mid-level jobs and relocating them to less expensive locations in the U.S. This phenomenon is known as “near-shoring.”It’s easy to understand the rationale. The terrorist attacks of Sept. 11, 2001, the financial crisis of 2008 and the Dodd–Frank Act of 2010 had a cumulative effect on many of these companies’ bottom li

    Which locations have Wall Street companies chosen for their mid-level operations? Read ahead to find out.

  • Texas Is America's Top State for Business Tuesday, 10 Jul 2012 | 4:30 PM ET
    Dallas, Texas

    The Lone Star State is tops again, displacing Virginia, which didn't even finish second this year. And who's last? Rhode Island.

  • Maryland routinely ranks behind Virginia and North Carolina in CNBC's "Top States for Business" study because of a poor showing in these two areas, says Larry Hogan, chairman of Change Maryland.