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  • Haley OK with gas-tax hike if income tax cut, DOT retooled Wednesday, 21 Jan 2015 | 12:06 AM ET

    Nikki Haley said Wednesday that she will support a gas-tax increase, but only if the Legislature cuts South Carolina's income taxes and restructures the Department of Transportation. She then offered legislators a deal: Reduce the state's top income tax bracket from 7 percent to 5 percent over a decade, get rid of the DOT's elected commissioners, and she'll...

  • Garlock, a unit of EnPro Industries, filed for bankruptcy in 2010 in Charlotte, North Carolina, in the face of the mounting cost of asbestos lawsuits. Golini allegedly told Philadelphia- based Shein he was exposed to 14 asbestos products made by bankrupt companies including Owens Corning and Armstrong World Industries. After Garlock settled with Golini, Shein...

  • Cree tops Street 2Q forecasts Tuesday, 20 Jan 2015 | 4:24 PM ET

    DURHAM, N.C. _ Cree Inc. on Tuesday reported fiscal second-quarter earnings of $12.2 million. Analysts expected $409.9 million, according to Zacks. Analysts surveyed by Zacks had expected revenue of $419.3 million.

  • 3rd week for mediated talks between FairPoint, unions Tuesday, 20 Jan 2015 | 12:07 PM ET

    PORTLAND, Maine— Negotiations between FairPoint and unions representing striking workers are in a third week. More than 1,700 FairPoint workers in Maine, New Hampshire and Vermont went on strike in October after the company began imposing terms of its "final offer." North Carolina- based FairPoint provides telephone and high-speed Internet service to...

  • PITTSBURGH— Ralph Martin, the chief executive of the company that publishes the Pittsburgh Tribune-Review, has resigned to become CEO of Civitas Media. Besides the Tribune-Review, the company publishes six other dailies and more than 20 weekly newspapers across western Pennsylvania. Martin said he considered making a change following the death July 4 of...

  • SAN FRANCISCO, Jan 20- With 1.35 billion users of its Internet social network, Facebook Inc would rank as the world's second-most populous nation if it were a country. While its users may populate only a virtual country, Facebook says it generates a lot of real economic activity- $227 billion worth of economic impact and 4.5 million jobs in 2014, according to a new...

  • Jan 9- Argos Therapeutics Inc said its experimental immunotherapy was unsuccessful in treating HIV-infected patients, raising doubts about its technology platform and sending its stock plunging as much as 31 percent on Friday. Piper Jaffray analyst Charles Duncan also saw some encouraging signs in the trial, which was fully funded by the National...

  • WASHINGTON, Jan 9- U.S. job growth likely remained brisk in December, setting the economy up for a stronger pace of expansion this year, even as the global economy shows signs of buckling. It would be the 11th consecutive month of job gains above 200,000, the longest such stretch since 1994, and reinforce views the economy's fundamentals are strong enough to...

  • Wall Street is also punishing the sector. "The producers have to be getting murdered," said Steven Boyd, senior managing director at Sun Coast Resources Inc., a Houston- based distributor of petroleum and alternative fuels. Blue Ridge Biofuels, a small biodiesel producer in Asheville, North Carolina, that makes its product from used restaurant cooking oil, says...

  • Jan 5- Cempra Inc moved a step closer to approval for its lead antibiotic, solithromycin, after an oral version of the potential blockbuster met the main goal in a late-stage trial. Shares of Cempra, among a clutch of smaller companies developing treatments to fight super-bugs, rose as much as 18 percent to $27.10 in early trading on Monday. WBB Securities' Steve...

  • Jan 5- Cempra Inc moved a step closer to approval of its lead antibiotic, solithromycin, after an oral version of the potential blockbuster met the main goal in a late-stage trial. Data showed solithromycin actually outperformed moxifloxacin by a slight margin, Cempra said on Sunday. North Carolina- based Cempra is also evaluating an intravenous formulation of...

  • NEW YORK, Dec 31- Ambac Assurance Corp sued Bank of America Corp to recoup hundreds of millions of dollars of losses from insuring roughly $1.68 billion of securities backed at least in part by risky mortgages from the bank's Countrywide Home Loans unit. "Countrywide's fraud is borne out by the transactions' dismal performance," said Ambac, which in September 2010...

  • In a lawsuit filed on Tuesday in Manhattan federal court, Alan Meyers claimed that CEO Lorenzo Delpani accused him of raising "ghost" safety problems at recently acquired laboratories, resulting in slower production. Meyers said many of the safety issues he complained about stemmed from Revlon's $660 million acquisition of Spanish beauty care company...

  • Ambac sues Bank of America over Countrywide mortgage bonds Wednesday, 31 Dec 2014 | 11:37 AM ET

    NEW YORK, Dec 31- Ambac Assurance Corp sued Bank of America Corp to recoup hundreds of millions of dollars of losses from insuring roughly $1.68 billion of securities backed at least in part by risky mortgages from the bank's Countrywide Home Loans unit. Bank of America, the second-largest U.S. bank, bought Countrywide in July 2008. The lawsuit shows how Charlotte,...

  • Dec 31- Shares of NephroGenex Inc shot up nearly nine-fold in premarket trading, a day after the drug developer said its lead drug was found to be safe in a cardiac safety study. Pyridorin aims to work by inhibiting the underlying cause of the disease, which affects about 6 million Americans, thereby slowing its progression, NephroGenex said.

  • WASHINGTON, Dec 23- The U.S. economy grew at a 5.0 percent clip in the third quarter, its quickest pace in 11 years and the strongest sign yet that growth has decisively shifted into higher gear. "Our economy is firing on most cylinders, whereas the global economy is essentially in dire need of a spark," said Ryan Sweet, a senior economist at Moody's Analytics in West...

  • Environmental groups say the practice of storing coal ash in holding ponds supported by permeable, earthen dikes leads both to contamination of surrounding groundwater and the risk of catastrophe when those dikes fail, as happened in Tennessee and at a site in North Carolina earlier this year. The EPA has said contaminants such as arsenic, mercury and cadmium...

  • Dec 18- Hedge fund Paulson& Co has taken a stake in specialty pharmaceuticals company Salix Pharmaceuticals Ltd as the company recovers from inventory issues and the departure of its chief financial officer, according to people familiar with the matter. The fund has recently taken a number of large positions in healthcare companies, including Shire PLC, where...

  • NEW YORK, Dec 18- There are plenty of lists proclaiming "The Best Places to Retire." Designed by real estate information company Zillow.com for Reuters, it incorporates reams of data on more than 15,000 locales across the United States. For instance, if you find all of the screening categories to be very important, and you are looking for a reasonably-priced home,...

  • YOUR MONEY-The best place to retire? You get to pick Thursday, 18 Dec 2014 | 2:00 AM ET

    NEW YORK, Dec 18- There are plenty of lists proclaiming "The Best Places to Retire." Designed by real estate information company Zillow.com for Reuters, it incorporates reams of data on more than 15,000 locales across the United States. For instance, if you find all of the screening categories to be very important, and you are looking for a reasonably-priced home,...