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Top News & Analysis North Carolina

  • Berkshire bought $5 billion of Bank of America preferred stock carrying a 6 percent dividend, or $300 million annually, in August 2011, when many investors worried about the second-largest U.S. bank's capital needs. In his annual letter to Berkshire shareholders, Buffett said if Bank of America's current 30 cents per share annual dividend rose above 44 cents...

  • WASHINGTON, Feb 24- New U.S. single-family home sales rose less than expected in January, likely held back by heavy rains and flooding in California, but continued to point to a strengthening housing market despite higher prices and mortgage rates. Consumers are confident and are buying homes, but builders are not getting their share of that demand, "said Joel...

  • Their statements evoked the opposition expressed by many businesses last year when the state of North Carolina passed a law that forces transgender people to use public restrooms matching their gender assigned at birth. The resulting boycotts have cost North Carolina more than $560 million in economic activity, according to the online magazine Facing...

  • MONTREAL/ NEW YORK, Feb 23- Canada's Gildan Activewear Inc plans to keep making key styles from its recently acquired American Apparel brand in the United States but will also manufacture some products elsewhere, a company spokesman said on Thursday. Keeping jobs in the United States has become a hot-button political issue since President Donald Trump...

  • CHARLOTTE, N.C. _ SPX Corp. on Thursday reported a loss of $86.1 million in its fourth quarter. On a per-share basis, the Charlotte, North Carolina- based company said it had a loss of $2.06. For the year, the company reported that its loss widened to $85.3 million, or $2.02 per share.

  • MONTREAL/ NEW YORK, Feb 23- Canada's Gildan Activewear plans to keep making key styles from its recently acquired American Apparel brand in the United States but will also manufacture some products elsewhere, a company spokesman said on Thursday. Keeping jobs in the United States has become a hot-button political issue since President Donald Trump...

  • CHARLOTTE, N.C. _ Tree.com Inc. on Thursday reported fourth-quarter profit of $7.3 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share. Four analysts surveyed by Zacks expected $97.4 million.

  • HICKORY, N.C. _ CommScope Holding Co. on Thursday reported fourth-quarter net income of $54.5 million, after reporting a loss in the same period a year earlier. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share. For the current quarter ending in April, CommScope expects its per-share earnings to...

  • RALEIGH, N.C. _ Triangle Capital Corp. on Wednesday reported fourth-quarter profit of $7.3 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share. Triangle Capital shares have increased almost 9 percent since the beginning of the year.

  • RALEIGH, N.C. _ PRA Health Sciences Inc. on Wednesday reported fourth-quarter earnings of $14 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share. Six analysts surveyed by Zacks expected $405.6 million.

  • MOORESVILLE, N.C.— Home improvement retailer Lowe's has announced its second round of layoffs in just over a month, saying more than 500 full-time corporate employees companywide will lose their jobs. Local news outlets report Lowe's announced Tuesday that 430 workers at its headquarters in Mooresville would be laid off. Meanwhile, the company said Lowe's...

  • American announced early Tuesday that it began selling the new fares for flights starting March 1 on 10 different routes from its hub airports in Dallas, Miami, Philadelphia and Charlotte, North Carolina. United followed suit later in the day, posting reduced fares on some flights from Minneapolis to seven of its hub cities including New York, Chicago and Los...

  • DALLAS— American Airlines has begun selling cheaper "basic economy" fares as it battles discount airlines for the most budget-conscious travelers. American announced Tuesday that it began selling the new fares for flights starting March 1 on 10 different routes from its hub airports in Dallas, Miami, Philadelphia and Charlotte, North Carolina.

  • CHARLOTTE, N.C. _ Sonic Automotive Inc. on Tuesday reported fourth-quarter earnings of $37.6 million. Sonic Automotive expects full-year earnings to be $2 to $2.10 per share. Sonic Automotive shares have increased roughly 4 percent since the beginning of the year.

  • Joe Ready, head of Wells Fargo's institutional retirement plan business, for example, told trustees of the city of San Diego's defined contribution plan that participants' $1 billion in assets were walled off from other parts of Wells Fargo. San Diego pension officials declined to comment for this story. Wells Fargo declined to make Ready available and said it...

  • AUGUSTA, Maine— Maine utility regulators are ready to delve into details of the proposed $1.5 billion sale of FairPoint Communications, the country's eighth-largest phone and internet company. Consolidated Communications, based in Illinois, announced in December it was buying FairPoint, assuming its debt and offering dividends to stockholders.

  • NEW YORK— Bank of America CEO Brian Moynihan is getting a big pay raise this year. The Charlotte, North Carolina- based bank said Friday that its board of directors awarded Moynihan a pay package of $20 million for 2016, up from his package of $16 million for his work in 2015.. It was Bank of America's second-largest full-year profit ever.

  • GREENSBORO, N.C. _ V.F. Corp. on Friday reported fourth-quarter profit of $264.3 million. The average estimate of 20 analysts surveyed by Zacks Investment Research was also for earnings of 97 cents per share. Eighteen analysts surveyed by Zacks expected $3.45 billion.

  • Delta Air Lines planes at John F. Kennedy Airport in New York City.

    Delta said Thursday it will start serving meals to all passengers on 12 long-haul routes over the next several weeks.

  • But free meals in economy have remained scarce except on international flights and ones to Hawaii— American gives passengers a sandwich box on some flights to the islands, and Delta began offering free meals on Honolulu flights last August. Delta tested free meals on routes between New York and California last year. Lisa Bauer, the airline's vice president of...