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  • CHARLESTON, S.C.— The CEO of Volvo Cars of North America said Thursday that infrastructure, a business-friendly climate and a capable workforce were reasons Volvo selected South Carolina over 60 sites nationwide for its first North American assembly plant. "Here in Charleston and South Carolina we have found our American manufacturing home," said Lex...

  • Haley urges senators to pass bill allowing Uber services Wednesday, 27 May 2015 | 4:51 PM ET

    Nikki Haley urged senators Wednesday to pass a bill that would allow Uber to continue operating in South Carolina past this summer. South Carolina risks losing Uber's ride-sharing services entirely if the Legislature doesn't act, Haley said in a letter to senators, which lauded Uber as an "innovative, cutting-edge" company. Uber's departure from South...

  • South Carolina unemployment unchanged in April Wednesday, 27 May 2015 | 4:02 AM ET

    COLUMBIA, S.C.— There was no change in South Carolina's unemployment rate last month, according to data released Wednesday by state officials. Workforce officials say that overall employment in South Carolina set a record last month, at more than 2.1 million people. "The positive economy in South Carolina is drawing more and more people into the workforce as...

  • NEW YORK— Amazon is hiring 6,000 full-time workers to staff up across its more than 50 distribution centers in the U.S. Its $99 annual Prime membership service comes with free two-day delivery on many items. The Seattle- based company employed about 154,100 full-time and part-time workers in total at the end of 2014..

  • HAMPTON, N.H.— Democratic presidential contender Hillary Rodham Clinton said Friday she sees "no role whatsoever" for U.S. ground forces in Iraq despite setbacks in the struggle against Islamic State militants. She addressed the matter after visiting Smuttynose Brewery, where she spoke in defense of the Export-Import Bank, a little-known U.S. agency that...

  • Obama's trade agenda clears key Senate hurdle Thursday, 21 May 2015 | 3:29 AM ET

    WASHINGTON— In a triumph for President Barack Obama, sweeping legislation to strengthen the administration's hand in global trade talks advanced toward Senate passage Thursday after a showdown vote that remained in doubt until the final moment. We're going to continue and finish up the bill this week, "Majority leader Mitch McConnell, R- Ky., and Obama's most...

  • Paul commandeers Senate to protest Patriot Act Wednesday, 20 May 2015 | 1:42 PM ET

    WASHINGTON— Republican presidential candidate Rand Paul commandeered the Senate floor Wednesday to deliver an hours-long protest against renewal of the Patriot Act, calling the post- Sept. 11 law government intrusion on Americans' privacy. "There comes a time in the history of nations when fear and complacency allow power to accumulate and liberty and...

  • ASHEVILLE, N.C.— Duke Energy said Tuesday it will build a $750 million natural gas plant to replace its troubled coal-fired Asheville plant as the company turns to cleaner energy to generate electricity. The nation's largest electricity company also said it will invest $320 million to build a transmission substation near Campobello, South Carolina,...

  • May 19- Duke Energy Corp, the largest U.S. power company by generation capacity, said it would invest $1.1 billion to convert a coal-powered power plant in North Carolina into a natural gas plant over four to five years. Duke will retire the 376 megawatt coal plant in Asheville and spend about $750 million to build a 650 MW natural gas-fired power plant, the company...

  • WASHINGTON, May 18- Lockheed Martin Corp said on Monday it is working to resolve "relatively minor" issues with a portable version of the F-35 fighter jet's automated logistics system, but the problems should not impede a Marine Corp milestone this summer. Jeff Streznetcky, the Lockheed executive in charge of the logistics system known as ALIS, told Reuters the...

  • WASHINGTON, May 18- Lockheed Martin Corp said on Monday it is working to resolve "relatively minor" issues with a portable version of the F-35 fighter jet's automated logistics system, but the problems should not impede a Marine Corp milestone this summer. Jeff Streznetcky, the Lockheed executive in charge of the logistics system known as ALIS, told Reuters the...

  • Amtrak liable for no more than $200 million in crash Monday, 18 May 2015 | 3:16 AM ET

    WASHINGTON— For the first time, Amtrak could face a $200 million payout to train crash victims— the limit set by Congress. An Associated Press review of past cases found that Amtrak never before has been liable for a $200 million payout for a single passenger rail incident. The train, which left Washington headed to New York, was moving at more than twice the speed...

  • Why Ted Cruz is wowing some of Wall Street's money-men Thursday, 14 May 2015 | 1:00 AM ET

    NEW YORK, May 14- Presidential candidate Ted Cruz, a Tea Party favorite and leading figure in the 2013 government shutdown that rattled investors, isn't the kind of politician who usually wins a lot of friends among Wall Street campaign donors. Despite the uncompromising rhetoric, Cruz is winning praise from some potential Wall Street donors, including bankers...

  • PARIS/ DETROIT, May 11- Sweden's Volvo Cars has chosen a site in South Carolina for a $500 million investment in its first U.S. plant, it said on Monday, targeting a bigger share of the increasingly competitive North American premium market. Work will begin this year on the factory in Berkeley County, with production due to start in 2018 and quickly reach 100,000...

  • A Volvo truck equipped with safety technology.

    PARIS/ DETROIT, May 11- Sweden's Volvo Cars has chosen a site in South Carolina for a $500 million investment in its first U.S. plant, it said on Monday, targeting a bigger share of the increasingly competitive North American premium market. Work will begin this year on the factory in Ridgeville, Berkeley County, with production due to start in 2018 and quickly reach...

  • MIAMI, May 8- Meteorologists expanded a tropical storm warning for part of the North Carolina and South Caroline coastline on Friday, according to the U.S. National Hurricane Center. A warning is now in effect for areas from South Santee River, South Carolina to Cape Lookout, North Carolina, at the southern end of the Outer Banks, it said. It stalled on Friday about 165...

  • *China's April crude imports up; may be stockpiling. NEW YORK, May 8- Brent oil posted its first weekly loss in a month on Friday as the market fretted again about global oversupply while U.S. crude rose for an eighth straight week, helped by jobs growth data and the first storm of the hurricane season forming. In Friday's session, Brent, the more globally-used...

  • NEW YORK, May 8- Brent crude eased while U.S. crude rose in choppy trading, supported by job additions in the United States and the formation of the first named storm in the Atlantic ahead of the official start of the hurricane season. Supportive, especially to U.S. crude, was news that nonfarm payrolls increased 223,000 in the United States in April, even though March...

  • MIAMI, May 8- A tropical storm warning has been issued for a portion of North Carolina and South Carolina, the U.S. National Hurricane Center said on Friday. A warning is now in effect for areas from South Santee River, South Carolina to Surf City, North Carolina, it added. "I expect that the worst Ana will be able to do is intensify to a 65- mph tropical storm that brings 4- 6...

  • May 8- A tropical storm warning has been issued for a portion of North and South Carolina, after indications of Ana transforming into a tropical storm, the U.S. National Hurricane Center said. A warning is now in effect for areas from South Santee River, South Carolina to Surf City, North Carolina, the Miami- based weather forecaster said. "Some strengthening of Ana is...