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North Carolina

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  • More than 1,700 FairPoint workers go on strike Friday, 17 Oct 2014 | 12:01 AM ET

    PORTLAND, Maine— Frustrated over a negotiating stalemate, more than 1,700 FairPoint Communications workers in Maine, New Hampshire and Vermont went on strike Friday, with picket-wielding employees demanding that the telecommunications company return to the bargaining table. But striking workers who staff call centers and maintain the region's...

  • Unions to go on strike against FairPoint Thursday, 16 Oct 2014 | 8:37 PM ET

    PORTLAND, Maine— Two unions representing more than 1,700 FairPoint Communications workers in Maine, New Hampshire and Vermont announced they were going on strike early Friday after a failed attempt hours earlier to re-engage the company in negotiations. The unions have offered "significant concessions" but the company wasn't interested, said Peter...

  • NC revenues off $62M in 1st quarter Thursday, 16 Oct 2014 | 11:40 AM ET

    RALEIGH, N.C.— North Carolina government took in slightly less than what state officials projected during the first quarter of the fiscal year, and questions persist about whether broad tax changes will crimp again the state budget for a second year in a row. The legislature's chief staff economist told lawmakers this week state revenues were $62 million below...

  • Senate task force to aid southern W.Va. coalfields Thursday, 16 Oct 2014 | 11:19 AM ET

    CHARLESTON, W.Va.— Senate President Jeff Kessler is setting up a task force as part of a push to help West Virginia's struggling southern coalfields. The SCORE program is based off the Shaping our Appalachian Region program, which has similar goals for eastern Kentucky's hurting coalfields. Kessler's 13- member Senate task force will look at a variety of ways to...

  • BB&T meets 3Q profit forecasts Thursday, 16 Oct 2014 | 5:54 AM ET

    WINSTON-SALEM, N.C. _ BB&T Corp. on Thursday reported third-quarter profit of $557 million. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 71 cents per share. Analysts expected $2.3 billion, according to Zacks.

  • Gov. to French, Irish: Don't mess with our tobacco Wednesday, 15 Oct 2014 | 2:12 PM ET

    RALEIGH, N.C.— In a trans-Atlantic debate over cigarette packaging, North Carolina's governor poses a rhetorical question to the Irish and French governments: Would Guinness be recognizable labeled simply as "beer?" "Plain packaging laws are a direct assault on intellectual property and trademarks," he says in the Oct. 6 letter to Gerard Araud, France's ambassador...

  • Peanut farmers deal with fallout from salmonella Wednesday, 15 Oct 2014 | 11:47 AM ET

    ALBUQUERQUE, N.M.— There will be significantly fewer peanuts pulled from the ground in eastern New Mexico this harvest season because of lingering fallout from the bankruptcy and sale of a peanut-processing plant that was at the heart of a 2012 salmonella outbreak and nationwide recall. Grown along the New Mexico- Texas border, the sweet variety is coveted for...

  • Immigration-control group starts ads in 10 states Wednesday, 15 Oct 2014 | 11:08 AM ET

    WASHINGTON— An immigration-control group on Wednesday began running more than $1 million in ads that criticize lawmakers for not doing more to stop the flow of new workers into the United States. NumbersUSA will run the 30- second ad in 10 states where there are competitive Senate races. The group claims it has 2 million activists who want to reduce the numbers...

  • Brazilian pair boosts bid for Chiquita to $658M Wednesday, 15 Oct 2014 | 10:37 AM ET

    Chiquita already has a merger agreement in place with Irish fruit importer Fyffes that would give Chiquita's stockholders nearly a 60 percent stake in the combined company under an all-stock deal. Fyffes shareholders would own about 40 percent. That same month Fyffes' proposed merger agreement with Chiquita was revised to give Chiquita shareholders a...

  • Bank of America earnings slump on legal settlement Wednesday, 15 Oct 2014 | 7:15 AM ET

    NEW YORK— Bank of America, the second-largest U.S. bank by assets, said Wednesday that its earnings slumped in the third quarter after it agreed to a settlement with the government over its sale of mortgage-backed securities. Bank of America took a $5.3 billion charge in the third quarter to help cover the settlement with the Justice Department.

  • Oct 15- Bank of America Corp, the second-largest U.S. bank, reported a quarterly loss applicable to common shareholders, largely due to a huge mortgage settlement with the U.S. government. The Charlotte, North Carolina- based bank posted a net loss attributable to shareholders of $70 million, or 1 cent per share for the three months ended Sept. 30, compared with a...

  • Shire: AbbVie should proceed with $55B acquisition Wednesday, 15 Oct 2014 | 6:44 AM ET

    The drugmaker Shire wants AbbVie to stick with its roughly $55 billion acquisition bid, and it is reminding its U.S. counterpart of the hefty breakup fee it could receive if things don't work out. Shire's U.S.-traded shares shed nearly a quarter of their value Wednesday morning, a day after AbbVie Inc. disclosed that it was reconsidering a deal it had fought for...

  • Democratic ads off the air in Kentucky Senate race Wednesday, 15 Oct 2014 | 3:11 AM ET

    FLORENCE, Ky.— The Democratic Senatorial Campaign Committee has stopped running TV ads in Kentucky's U.S. Senate race, a severe blow to Alison Lundergan Grimes in her challenge to Republican leader Mitch McConnell. The committee's decision in Kentucky was in strong contrast to its activities in other states with pivotal Senate races. Democrats continued to...

  • School group cuts ties with R.J. Reynolds Tobacco Tuesday, 14 Oct 2014 | 7:07 PM ET

    RICHMOND, Va.— In a quick about-face, the National School Boards Association is cutting ties with the nation's second-biggest cigarette maker, R.J. Reynolds Tobacco Co.. In an interview with The Associated Press, the association's executive director, Tom Gentzel, said that following the announcement of the partnership, it became clear that "the debate about...

  • WASHINGTON, Oct 14- The U.S. Supreme Court may have bitten off more than it can chew in a North Carolina case about whether the state dental board has the authority to regulate teeth-whitening services, with the justices appearing unsure how to rule. The legal battle was prompted by the U.S. Federal Trade Commission, which decided that the North Carolina State...

  • That was an easy choice recently for Glenda Oakley, 31, who stayed at a Westin hotel in Charlotte, North Carolina. "I don't need extra towels... or someone else to make my bed daily," said Oakley, an Army veteran and motivational speaker from San Antonio, Texas. Also on board are an assortment of independent properties, like the Amway Grand Plaza in Grand Rapids, Michigan;...

  • Former NC mayor sentenced for taking bribes Tuesday, 14 Oct 2014 | 4:02 AM ET

    CHARLOTTE, N.C.— The former mayor of North Carolina's largest city on Tuesday was sentenced to almost four years in prison for taking bribes from undercover federal agents he thought were developers seeking to fast-track projects. Patrick Cannon had resigned in the midst of the case that stunned Charlotte residents who had once elected him as their youngest...

  • Stanley Furniture posts 3Q loss Monday, 13 Oct 2014 | 4:33 PM ET

    HIGH POINT, N.C. _ Stanley Furniture Co. on Monday reported a loss of $2.3 million in its third quarter. The High Point, North Carolina- based company said it had a loss of 16 cents per share. This story was generated automatically by Automated Insights using data from Zacks Investment Research.

  • Judge: City retains control of Charlotte airport Monday, 13 Oct 2014 | 12:45 PM ET

    CHARLOTTE, N.C.— A North Carolina judge says Charlotte will maintain control of one of the nation's busiest airports instead of a commission pushed by state Republican lawmakers. Judge Robert Ervin on Monday blocked the commission from taking over Charlotte Douglas International Airport while both sides wait for a decision by the Federal Aviation...

  • US high court: Who best judges fair competition? Monday, 13 Oct 2014 | 11:10 AM ET

    RALEIGH, N.C.— The U.S. Supreme Court is set to hear a North Carolina case over whether U.S. states can delegate the regulation of professions such as dentistry, plumbing, cosmetology and more to boards of practitioners drawn from those occupations. The specific case before the court involves a 2007 decision by the North Carolina Board of Dental Examiners warning...