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  • Arkansas trots to No. 2 turkey-producing state Saturday, 15 Nov 2014 | 11:49 AM ET

    KANSAS CITY, Mo.— Arkansas has trotted into second place among turkey-producing states after North Carolina's gobbler population fell sharply as U.S. turkey numbers hit a 28- year low. Arkansas saw its turkey population rise from 28 million to 29 million in the same span, while Indiana, the nation's No. 4 turkey-producing state, gained 1.5 million birds to 19...

  • Federal Reserve Bank in Richmond marks milestone Saturday, 15 Nov 2014 | 10:05 AM ET

    RICHMOND, Va.— The Federal Reserve Bank of Richmond is marking its 100th anniversary. The Richmond Fed serves the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. Branch offices of the Richmond Fed opened in Baltimore in 1918 and in Charlotte in 1927. More than...

  • Insurer sues owner of tall ship that sank in Sandy Friday, 14 Nov 2014 | 10:58 PM ET

    Newsday reported Friday that Acadia Insurance Co. sued Robert Hansen this month. The suit seeks to recoup $5 million in payouts after the Long Island- based HMS Bounty sank off North Carolina in 2012.. The National Transportation Safety Board noted some problems with the 50- year-old ship but largely faulted the captain for sailing into the hurricane's path.

  • NC gov sues legislators over coal ash commission Friday, 14 Nov 2014 | 11:04 AM ET

    Pat McCrory and two of his predecessors sued North Carolina's top legislators Thursday over the makeup of the state's new Coal Ash Management Commission and other panels approved this year by the General Assembly. Jim Hunt and Jim Martin filed suit in Wake County court against Senate leader Phil Berger and House Speaker Thom Tillis. The key issue in the...

  • CEO's hands-on style key in deadly coal blast case Friday, 14 Nov 2014 | 4:32 AM ET

    CHARLESTON, W.Va.— Don Blankenship joined a small club of executives when he was indicted on federal charges in the 2010 West Virginia mine explosion that killed 29 people. University of Virginia law professor Brandon L. Garrett has been tracking corporate prosecutions since 2001 and has written a book on the subject, "Too Big to Jail." His retirement came six...

  • NC coal ash commission meets as NC governor sues Friday, 14 Nov 2014 | 4:01 AM ET

    CHAPEL HILL, N.C.— A new state commission overseeing the cleanup of Duke Energy's coal ash dumps in North Carolina was sworn in Friday as Gov. The new nine-member Coal Ash Management Commission was created by a law passed in response to the massive Feb. 2 spill at a Duke dump in Eden, which coated 70 miles of the Dan River in gray sludge. Senate Leader Phil Berger and...

  • NC panel OKs rules needed for fracking permits Friday, 14 Nov 2014 | 4:01 AM ET

    RALEIGH, N.C.— After 18 months of work and more than 200,000 public comments, a state energy panel on Friday approved a comprehensive list of regulations for companies that want fracking permits to drill for and collect natural gas in North Carolina. The state Mining and Energy Commission voted in favor of dozens of rules to guide the process for how companies...

  • WASHINGTON, Nov 13- The U.S. Export-Import Bank has mischaracterized potentially hundreds of large companies and units of multinational conglomerates as small businesses, a flaw in its record keeping that could undermine the export lender's survival strategy. "Rarely does Ex-Im miss a opportunity to claim that it primarily helps small business, but Ex-Im is...

  • WASHINGTON, Nov 13- The U.S. Export-Import Bank has mischaracterized potentially hundreds of large companies and units of multinational conglomerates as small businesses, a flaw in its record keeping that could undermine the export lender's survival strategy. A Reuters analysis showed companies owned by billionaires like Warren Buffet and Mexico's...

  • NEW YORK, Nov 12- When faced with the prospect of outliving their money, most people might toss and turn at night or obsess about where to slash their budgets. A new survey from Wells Fargo shows 22 percent of people say they would rather die early than not have enough cash to live comfortably in retirement. "These are pretty sobering statistics," says Joe Ready,...

  • UPDATE 1-International Market Centers files for IPO Monday, 10 Nov 2014 | 6:01 PM ET

    Nov 10- International Market Centers Inc, a provider of showroom space to home furniture and decor companies such as Bassett Furniture Industries and La-Z-Boy Inc, filed with U.S. regulators for an initial public offering of common stock. The company, formed in 2011 by funds affiliated with Bain Capital LLC and Oaktree Capital Management LP, said it intended to...

  • NEW YORK, Nov 7- Bank of America Corp and US Bancorp have reached a $69 million settlement in a class action lawsuit over their roles as trustees for securities backed by risky mortgages from Washington Mutual Inc, which failed in 2008.. Both defendants denied liability, and Bank of America would make the $69 million cash payment on behalf of itself and US Bancorp,...

  • NEW YORK, Nov 7- Bank of America Corp and US Bancorp have reached a $69 million settlement of litigation over their roles as trustees for securities backed by home loans from Washington Mutual Inc, which failed in 2008.. Both defendants denied liability, and Bank of America would make the $69 million cash payment on behalf of itself and US Bancorp, the papers show.

  • Nov 6- Potash Corp of Saskatchewan Inc agreed to spend more than $52 million on plant improvements and pay a $1.3 million civil penalty to resolve U.S. charges that it violated the Clean Air Act over the emission of harmful pollutants, such as sulfur dioxide. It resolves claims by the Justice Department and the U.S. Environmental Protection Agency that three...

  • NEW YORK, Nov 6- Investors and bankers have been lamenting the potential death of large cross-border healthcare mergers since the U.S. Treasury Department announced in late September that it would curtail the tax breaks from international deals designed to give U.S. companies a legal home in a low-tax country. Now many bankers and investors expect companies...

  • WASHINGTON, Nov 5- America's underperforming economy has been an albatross for President Barack Obama since he took office in 2009 and likely did his Democratic party few favors in midterm elections on Tuesday- but it may not have been the decisive factor. Hurt by Obama's general unpopularity, Democrats lost control of the Senate while Republicans...

  • Nov 5- Duke Energy Corp, the largest U.S. power company by market value, reported a lower-than-expected quarterly profit as a cool summer reduced demand. The company, which also operates in Brazil, Argentina and Chile, said the results were also hurt by lower income from international operations and higher fuel costs. The company sells power to 7.2 million...

  • Nov 5- Duke Energy Corp, the largest U.S. power company by market value, reported a lower-than-expected quarterly revenue and profit as a milder summer hit demand and expenses rose. That led to the company to sell some Midwest power assets- a big chunk of its wholesale assets- to Dynegy Inc in August for $2.8 billion. Net income attributable to Duke rose 27 percent to...

  • NEW YORK, Nov 4- The Republican takeover of the U.S. Senate on Tuesday could lead to new legislative measures that directly effect the energy sector and other slices of the equities market. Republican Senate candidates picked up formerly Democratic seats in Iowa, North Carolina, Montana, Colorado, West Virginia, South Dakota and Arkansas, more than the six gains...

  • NEW YORK, Nov 3- Alibaba Group shareholders should get ready for something they haven't much seen: volatility. Alibaba shares, which soared 38 percent in their trading debut on Sept. 19, have gained more than 8 percent from their closing price on that day. "We believe Alibaba's shares' post-earnings reaction mainly depends on management's commentary on top-line...