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Top News & Analysis North Carolina

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  • *OPEC says worried about prices, ready to talk to producers. NEW YORK, Aug 31- Oil futures soared on Monday for a third consecutive day, rising more than 8 percent, as a downward revision of U.S. crude production data and OPEC's readiness to talk with other producers helped extend the biggest three-day price surge in 25 years. U.S. crude gained $3.98, or 8.8 percent, to...

  • *OPEC says worried about prices, ready to talk to other producers. NEW YORK, Aug 31- Oil prices surged more than 5 percent Monday, continuing a three-day rally that has erased August's price declines, after U.S. oil production data showed output falling and OPEC said it would talk with other producers about low prices. Since November, OPEC countries led by Saudi...

  • The pieces are among millions held by the Illinois State Museum, a favorite stop for school groups and scientists looking to learn the history of a state that, millions of years before it went broke, was literally underwater. Bruce Rauner is targeting the 138- year-old museum and four satellite sites for closure, the latest in a series of cuts the former...

  • Aug 27- The billionaire chief executive of Dole Food Co and his top lieutenant must pay $148.2 million of damages to shareholders they shortchanged when the produce company went private in 2013, a Delaware judge ruled on Thursday. In a decision that may cast a pall on management-led buyouts, Vice Chancellor Travis Laster said Dole Chief Executive David...

  • Bimbo Bakeries recalls bread sold in 11 states Wednesday, 26 Aug 2015 | 6:44 PM ET

    NEW YORK— The maker of Sara Lee, Nature's Harvest and other brands is recalling about 48,000 packages of bread sold in 11 states because they may contain fragments of glass from a broken light bulb at a company factory. The recall covers seven different Sara Lee products, two each sold under the Nature's Harvest and Great Value brands, and one each for the Kroger,...

  • NEW YORK, Aug 26- Oil prices fell almost 2 percent on Wednesday after a huge drawdown in U.S. crude stockpiles was offset by a larger-than-expected build in gasoline and distillates, which include diesel. Gasoline stocks also rose, by 1.7 million barrels versus forecasts for a 1.3 million-barrel drop, the data from the Energy Information Administration showed.

  • NEW YORK, Aug 26- Oil prices were mixed in volatile trading on Wednesday after a huge drawdown in U.S. crude stockpiles was countered by a larger-than-expected build in gasoline and distillates, which include diesel. "The products builds are overwhelming the constructive crude draw," said Scott Shelton, commodities specialist at ICAP in Durham, North Carolina.

  • NEW YORK, Aug 26- U.S. crude oil stockpiles fell sharply last week as imports tumbled, while gasoline and distillate inventories rose despite a reduction in refinery runs, data from the Energy Information Administration showed on Wednesday. U.S. crude fell more than 1 percent to below $39 a barrel, nearing the 6-1/ 2- year lows touched earlier this week, and New York...

  • Novo Nordisk adding diabetes drug output in NC, Denmark Wednesday, 26 Aug 2015 | 10:39 AM ET

    RALEIGH, N.C.— Danish drug maker Novo Nordisk said Wednesday it will open new factories in North Carolina and Denmark as pharmaceutical companies seek to keep up with demand for diabetes medications in an increasingly overweight world. Novo Nordisk plans to invest about $2 billion over the next five years in new production facilities in the Raleigh suburb of...

  • COPENHAGEN, Aug 26- Novo Nordisk said on Wednesday it would begin a Phase III trial of its treatment for diabetes that could be taken orally rather than by injection after "encouraging" results in previous trials. The oral tablet is a part of Novo Nordisk's effort to make treatment less painful for diabetes patients and minimize the use of needles.

  • Albemarle moving corporate headquarters to Charlotte Tuesday, 25 Aug 2015 | 12:53 PM ET

    NEW YORK— Albemarle is moving its corporate headquarters and performance chemicals business from Baton Rouge, Louisiana, to Charlotte, North Carolina. The specialty chemicals company said that it's also moving workers at its refining solutions business in Baton Rouge to an existing office in Clear Lake, Texas. Albemarle Corp. said that about 120 of its...

  • WASHINGTON— Even as anxious investors send stock prices plunging, many Americans are sounding a rather different note:. For now, the panic on Wall Street does not appear to have spread very far. "I'm certainly not panicking or looking for tall buildings," said Vincent Signorotti, 62, a San Diego- based executive for a company that builds geothermal plants in Southern...

  • Great Recession steels Main Street investors Monday, 24 Aug 2015 | 6:02 PM ET

    SAN DIEGO— For many investors, lessons of the Great Recession are fresh. The Associated Press talked with investors across the country about how the market's drop this year has affected their spending and investing. John Londoff Jr. cozied up to his computer Monday to check on the market at his family's Chevrolet dealership outside St. Louis and declared it was...

  • US agency probes Jeep SUV rollaway complaints Monday, 24 Aug 2015 | 5:34 PM ET

    DETROIT— U.S. auto safety regulators are investigating complaints that some newer Jeep SUVs can roll away unexpectedly after drivers put them in park. The National Highway Traffic Safety Administration said it has received 14 complaints from drivers, including five crashes and three injuries. In one complaint, a driver in Morganton, North Carolina, told NHTSA...

  • Premier Inc. meets 4Q profit forecasts Monday, 24 Aug 2015 | 4:33 PM ET

    CHARLOTTE, N.C.— Premier Inc. on Monday reported fiscal fourth-quarter net income of $8 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of 36 cents per share. Nine analysts surveyed by Zacks expected $262.5 million.

  • Belk to sell itself and go private in $3B deal Monday, 24 Aug 2015 | 11:34 AM ET

    CHARLOTTE, N.C.— Department store chain Belk Inc. says it has agreed to sell itself to New York- based private equity firm Sycamore Partners and go private in a deal that it valued at about $3 billion, including assumed debt. Under the terms of the agreement, Belk stockholders will receive $68 for each of their shares. Tim Belk will remain as the company's CEO and the...

  • Aug 24- Fashion department store operator Belk Inc said it would be acquired by private equity firm Sycamore Partners in a deal valued at about $3 billion, including debt.

  • US Airways recently merged with American Airlines, which is based in Fort Worth, Texas. An American Airlines spokesman told the Pittsburgh Post-Gazette that Pittsburgh was skipped over because it's not a hub for the airline. Lauer said the ceremonial flight should have included Reagan National Airport in Washington, D.C., Pittsburgh and LaGuardia Airport in...

  • CHARLOTTE, N.C.— Mistrial declared in case of white police officer accused in shooting of unarmed black man.

  • Economic issues occupied a small portion of the GOP's first presidential primary debate last month, a stark contrast from the primary debates of 2012, which focused heavily on jobs and the economy. In Nevada, which will pick Republican and Democratic nominees Feb. 20, unemployment is still high at 6.8 percent. Nevada has added about 45,000 jobs in the past year,...