North Carolina


  • Court: IURC erred in approving Duke fee hike Monday, 8 Sep 2014 | 4:31 PM ET

    INDIANAPOLIS— The Indiana Court of Appeals ruled Monday that state utility regulators wrongly approved $61 million in ratepayer fees for the Edwardsport coal gasification plant. Duke Energy is seeking the money to cover construction costs for the plant.

  • Duke enters into $1.2B deal with ElectriCities Monday, 8 Sep 2014 | 2:14 PM ET

    RALEIGH, N.C.— Duke Energy has entered into a $1.2 billion agreement with ElectriCities to buy back minority stakes in several North Carolina power plants. The deal is expected to lower power bills of thousands of eastern North Carolina residents by reducing debt for the North Carolina Eastern Municipal Power Agency, which is managed by ElectriCities.

  • Chiquita postpones meeting on Fyffes to October Monday, 8 Sep 2014 | 7:26 AM ET

    CHARLOTTE, N.C.— Chiquita is postponing a vote on its proposed merger with the Irish fruit seller Fyffes as it awaits a new bid from another potential buyer. Chiquita said it has received a waiver from Fyffes allowing it to hold talks with investment firm Safra Group and Brazil's Cutrale Group, an agribusiness and juice company.

  • NC high court weighs consumer place in power rates Monday, 8 Sep 2014 | 6:14 AM ET

    RALEIGH, N.C.— North Carolina's Supreme Court on Monday took a new look at whether state regulators are doing enough to balance consumer protection against the pursuit of higher rates by the country's largest electric company. The Duke Energy Corp. subsidiary serves customers in Durham and western North Carolina.

  • Electrolux to buy GE Appliances in $3.3B deal Monday, 8 Sep 2014 | 4:06 AM ET

    STOCKHOLM— Sweden's Electrolux is buying the appliances business of General Electric for $3.3 billion, boosting its presence on the North American market, the companies said Monday. The acquisition is the largest ever for Stockholm- based Electrolux, ranked as the world's second biggest home appliance maker after U.S. rival Whirlpool.

  • WASHINGTON, Sept 8- U.S. Export-Import Bank, caught in a rare political storm over its mission, is fighting for survival and its best line of defense is to debunk criticism that the 80- year-old institution favors corporate giants over small businesses.

  • Congress coming back, must act to avoid shutdown Sunday, 7 Sep 2014 | 7:54 AM ET

    WASHINGTON— Lawmakers are streaming back to Capitol Hill after their summer vacation for an abbreviated September session in which feuding Democratic and Republican leaders promise action to prevent a government shutdown while holding votes aimed at defining the parties for the fall campaign.

  • Obama to delay action on immigration reform Saturday, 6 Sep 2014 | 11:39 AM ET
    President Barack Obama speaking at the White House Aug. 28, 2014.

    President Barack Obama has decided to delay any executive action on immigration until after the November congressional elections.

  • Sept 5- Bank of America Corp said David Darnell will no longer serve as the company's co-chief operating officer, but will continue to oversee the bank's global wealth and investment management business. Darnell had been the company's co-COO since September 2011, Bank of America said in a filing.

  • WRAPUP 1-Solid U.S. employment growth eyed in August Friday, 5 Sep 2014 | 12:01 AM ET

    *Nonfarm payrolls forecast increasing 225,000 in August. WASHINGTON, Sept 5- U.S. job growth likely accelerated a bit in August and the unemployment rate probably fell to 6.1 percent, offering fresh evidence of sustained momentum in the economy.

  • No, Seattle, home of Microsoft Corp and Amazon and fast becoming a second home for Silicon Valley companies looking to access the city's plentiful pool of relatively cheap tech talent. Microsoft alumni are now running the Seattle offices of Facebook Inc, Twitter Inc and Google Inc, and they look to their former employer as a source for new talent.

  • NC debate reveals how party battles will be fought Thursday, 4 Sep 2014 | 11:58 AM ET
    Sen. Kay Hagan, D-N.C., left, and Republican candidate for Senate Thom Tillis participate during a live televised debate at UNC-TV studios in Research Triangle Park, N.C., Wed., Sept. 3, 2014.

    The debate Wednesday between Sen. Kay Hagan and challenger Thom Thillis showed the messaging for how other political battles will be fought.

  • WALLOPS ISLAND, Virginia, Sept 4- Missions flown from the NASA base here have documented some of the most dramatic evidence of a warming planet over the past 20 years: the melting of polar ice, a force contributing to a global rise in ocean levels.

  • NC voters not happy with either side     Wednesday, 3 Sep 2014 | 4:43 PM ET

    CNBC's John Harwood takes a close look at the tight race for the North Carolina Senate between Democratic Senator Kay Hagan and Republican state House Speaker Thom Tillis.

  • WASHINGTON, Sept 3- When President Barack Obama stepped into the White House Rose Garden in June to announce he would single-handedly reform U.S. immigration policy, he startled advocates by announcing a firm, end-of-summer deadline for executive action.

  • NEW YORK, Sept 3- Apple Inc shares were on track Wednesday for their worst day since January just days ahead of the launch of its latest iPhone, with one brokerage warning of a stock downgrade unless its new products show better promise for profit growth.

  • North Carolina Senate showdown     Wednesday, 3 Sep 2014 | 2:18 PM ET

    CNBC's John Harwood breaks down the key Senate race taking place in North Carolina between Democratic Senator Kay Hagan and Republican state House Speaker Thom Tillis.

  • Apple shares stumble ahead of product launch next week Wednesday, 3 Sep 2014 | 1:20 PM ET

    NEW YORK, Sept 3- Apple Inc shares were on track Wednesday for their worst day since January ahead of the launch of its newest iPhone, with at least one brokerage mulling a stock downgrade unless its new products show better promise for profit growth.

  • What's at stake in a NC Senate debate? Plenty Wednesday, 3 Sep 2014 | 10:00 AM ET
    Sen. Kay Hagan and Thom Tillis

    The race between North Carolina's Democratic Sen. Kay Hagan and Thom Tillis heats up with what will be a closely watched debate.

  • Sept 3- Chimerix Inc said its lead experimental drug showed promise against the deadly Ebola virus in laboratory testing at the U.S. Centers for Disease Control and Prevention and the National Institutes of Health.