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  • ATLANTA— Southern Co. said the firms building its new nuclear power plant in Georgia estimate the project will be delayed 18 months, potentially costing the power company $720 million in new charges, company officials said Thursday. Westinghouse Electric Co. and Chicago Bridge& Iron Co. expect the first reactor at Plant Vogtle will be complete in mid-2019, and...

  • ScanSource beats Street 2Q forecasts Thursday, 29 Jan 2015 | 7:10 PM ET

    GREENVILLE, S.C. _ ScanSource Inc. on Thursday reported fiscal second-quarter profit of $16.8 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share. ScanSource shares have dropped roughly 2 percent since the beginning of the year.

  • Kemet posts 3Q profit Thursday, 29 Jan 2015 | 11:31 AM ET

    SIMPSONVILLE, S.C. _ Kemet Corp. on Thursday reported fiscal third-quarter net income of $2.9 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Simpsonville, South Carolina- based company said it had profit of 6 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • World Acceptance misses Street 3Q forecasts Thursday, 29 Jan 2015 | 7:10 AM ET

    GREENVILLE, S.C. _ World Acceptance Corp. on Thursday reported fiscal third-quarter net income of $18.5 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.11 per share. World Acceptance shares have fallen slightly more than 3 percent since the beginning of the year.

  • Obama to seek to bust US spending limits by $74 billion Thursday, 29 Jan 2015 | 6:01 AM ET

    WASHINGTON— Declaring an end to "mindless austerity," President Barack Obama called for a surge in government spending Thursday, and asked Congress to throw out the sweeping spending cuts both parties agreed to four years ago when deficits were spiraling out of control. "If Congress rejects my plan and refuses to undo these arbitrary cuts, it will threaten our...

  • BERKELEY, Calif.— Charles H. Townes' inspiration for the predecessor of the laser came to him while sitting on a park bench, waiting for a restaurant to open for breakfast. "I realized there would be many applications for the laser," Townes told Esquire magazine in 2001, "but it never occurred to me we'd get such power from it." "Charlie Townes had an enormous impact on...

  • BERKELEY, Calif.— Charles H. Townes, the Nobel Prize-winning physicist who helped create the laser that would revolutionize everything from medicine to manufacturing, has died. Townes had been in poor health before his death on the way to an Oakland hospital Tuesday, officials at the University of California, Berkeley, said. "I realized there would be many...

  • Treasure hunter who found a fortune in gold is captured Wednesday, 28 Jan 2015 | 9:47 AM ET

    Marshals Service tracked Tommy Thompson to a Hilton hotel in West Boca Raton and arrested him Tuesday, said Brian Babtist, a senior inspector in the agency's office in Columbus, Ohio, where a federal civil arrest warrant was issued for him in 2012 for failing to show up to a key court hearing. Central America, also known as the Ship of Gold. Two of them sued— a...

  • TRENTON, N.J.— New Jersey's U.S. senators and two congressmen have denounced a White House draft proposal that would authorize drilling in the Atlantic Ocean. Cory Booker and Robert Menendez and Rep. President Barack Obama's proposal calls for auctioning areas more than 50 miles off Virginia, North and South Carolina, and Georgia to oil companies no earlier than...

  • The 2017 to 2022 drilling plan begins a process that could take many years before waters off the coasts of Virginia, North Carolina, South Carolina or Georgia are cleared for drilling. The administration canceled a lease sale there after BP Plc's deadly explosion and oil spill in the Gulf of Mexico that year. In addition, President Barack Obama took parts of...

  • WASHINGTON— The Obama administration floated a plan Tuesday that for the first time would open up a broad swath of the Atlantic Coast to drilling, even as it moved to restrict drilling indefinitely in environmentally-sensitive areas off Alaska. The proposal envisions auctioning areas located more than 50 miles off Virginia, North and South Carolina, and...

  • COLUMBIA, S.C.— South Carolina's unemployment declined slightly during the final month of 2014 to 6.5 percent, state officials said Tuesday. Unemployment rates fell in most of South Carolina's 46 counties. Greenville, Lexington and Saluda counties were tied for the state's lowest jobless rates, at 5.0 percent.

  • South State misses 4Q profit forecasts Tuesday, 27 Jan 2015 | 8:51 AM ET

    COLUMBIA, S.C. _ South State Corp. on Tuesday reported fourth-quarter profit of $21.2 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • AVX posts 3Q profit Tuesday, 27 Jan 2015 | 8:42 AM ET

    FOUNTAIN INN, S.C. _ AVX Corp. on Tuesday reported fiscal third-quarter net income of $39 million. The Fountain Inn, South Carolina- based company said it had net income of 23 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • WASHINGTON, Jan 27- Rick Perry's farewell speech to the Texas legislature listed the accomplishments expected from an outgoing Republican governor of the country's largest oil-producing state. "We have expanded our economy while protecting our environment," said Perry, who is openly exploring a second White House run in 2016.. Conservative political...

  • WASHINGTON, Jan 27- Rick Perry's farewell speech to the Texas legislature listed the accomplishments expected from an outgoing Republican governor of the country's largest oil-producing state. "We have expanded our economy while protecting our environment," said Perry, who is openly exploring a second White House run in 2016.. Conservative political...

  • But if the Alaska delegation is any hint as to where things are headed, his proposal is going nowhere in a Republican-controlled Congress. Lisa Murkowski, chair of the Senate Energy committee, said the administration's plans were a "kick to the gut" that treated Alaska as if it were a "snow globe out there" that should be left untouched. There is no drilling in the...

  • The threats against Delta Air Lines flight 1156, coming from Portland, Oregon, and Southwest Airlines flight 2492, from Milwaukee, were deemed credible, said airport spokesman Reese McCranie. No bomb was found aboard the Delta flight while the Southwest flight was still being searched by explosives units, Federal Bureau of Investigation spokesman Special...

  • KANSAS CITY, Mo.— Twenty-eight oil companies and retailers have agreed to settle litigation claiming customers were knowingly overcharged when gas station fuel temperatures rose, plaintiffs announced Friday. Federal officials earlier consolidated about 50 lawsuits filed since 2006 from consumers across the country in the U.S. District Court in Kansas...

  • $2 gasoline: Good times keep rolling at the pump Friday, 23 Jan 2015 | 1:30 PM ET

    But for the first time since 2009, most Americans are paying less than $2 a gallon. "It's crazy," says Michael Noel, an economics professor at Texas Tech University who studies oil and gasoline prices. U.S. crude oil traded Friday just below $46 a barrel and the average price for a gallon of gas was $2.04.