Top News & Analysis North Carolina

  • NEW YORK— Weeks into the "Pokemon Go" craze, demand remains strong for "Poke Ball"- shaped treats made by a high-end doughnut company, one of many businesses and organizations coming up with creative ways to lure players in their search for the elusive "pocket monsters." Even on sweltering summer days, the popular smartphone game has gotten throngs of players out of...

  • PORTLAND, Maine— Lobster and crab fishermen have baited traps with dead herring for generations, but an effort to find a synthetic substitute for forage fish is nearing fruition just as the little fish are in short supply, threatening livelihoods in a lucrative industry. With about $1 million in funding from the National Science Foundation, a small company has...

  • The doctors, both of Boca Raton, Florida, and Chicago, are co-founders of the not-for-profit American Academy of Anti-Aging Medicine and are licensed to practice medicine and surgery in Illinois. The article said Klatz and Goldman in December 2000 agreed to pay $5,000 to Illinois and to stop identifying themselves as medical doctors in the state unless they...

  • OKLAHOMA CITY— Duke University has filed a $9.9 million claim against the estate of former Chesapeake Energy Corp. CEO Aubrey McClendon for pledges the Duke alumnus made that the university says were unpaid at the time of his death in a fiery highway crash. Duke's claim is for "multiple charitable pledges" it says the energy magnate made to the school prior to his...

  • AssetMark Inc of Concord, California, agreed to pay $500,000, the largest penalty among the 13 firms, the SEC said. The penalties are based on the fees each firm earned from F-Squared's flagship "AlphaSector" strategy, a customized model for allocating investors' assets in exchange-traded funds, stocks and bonds, the SEC said. In 2014, F-Squared admitted to...

  • TRENTON, N.J.— Drugmaker Pfizer Inc. is continuing its shopping spree with its fourth acquisition since the April collapse of its planned $160 billion megadeal to buy rival Allergan PLC and move its headquarters, on paper, to Allergan's base in lower-tax Ireland. In its second deal this week, New York- based Pfizer said it's buying rights to Anglo-Swedish...

  • NEW YORK— When a small business is successful, an owner will likely face the question of whether to grow. Web design firm Geeks Chicago put expansion and hiring plans on hold for six to 12 months because its customers— companies of all sizes— have cut their budgets, says President Mark Tuchscherer. A Bank of America survey released in May showed 55 percent of 1,000...

  • NEW YORK, Aug 24- Oil prices fell on Wednesday, with U.S. crude futures losing more than 1 percent, on data pointing to a potential build in domestic crude stockpiles that offset market bulls' speculation of an OPEC output freeze. "Markets are tough here overall as there is no significant macro story, and the bears are still talking about inventories," said Scott...

  • WASHINGTON, Aug 23- New U.S. single-family home sales unexpectedly surged in July, reaching their highest level in nearly nine years amid robust demand, brightening the housing market outlook and bolstering views that economic growth will pick up in the third quarter. "A very rosy picture is beginning to emerge on the housing market, pointing to sustained...

  • CHARLOTTE, N.C. _ Premier Inc. on Monday reported fiscal fourth-quarter net income of $101.6 million, after reporting a loss in the same period a year earlier. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share. Premier Inc. expects full-year earnings in the range of $1.71 to $1.82 per share, with...

  • RALEIGH, N.C.— The nation's largest electric company is negotiating with North Carolina's environment agency over a $6.6 million fine to punish Duke Energy for a big spill of liquefied coal ash. Attorneys for both sides said delaying Monday's scheduled hearing may help resolve the disputed fine for polluting the Dan River in 2014. Duke Energy Corp. has called...

  • The oldest millennials— nearing 20 when airplanes slammed into New York City's Twin Towers— are old enough to remember the relative economic prosperity of the 1990 s, and when a different Clinton was running for president. As part of its Divided America series, The Associated Press spent time with seven millennial voters in five states where the oldest and...

  • Aug 21- ChemChina's $43 billion acquisition of Syngenta AG is in the final stages of being cleared by the Committee on Foreign Investment in the United States, which scrutinizes deals for national security implications, people familiar with the matter said. Syngenta shares ended trading on Friday at 380.80 Swiss Francs, some 100 Swiss Francs less than what...

  • ASHEVILLE, N.C.— Hillary Clinton "owes the state of North Carolina a very big apology," Donald Trump thundered, condemning the loss of manufacturing jobs due to free-trade deals supported by the Democratic presidential nominee. In the state that may be the most pivotal to Trump's White House bid, the audience for the Republican's chief economic pitch is shrinking...

  • WASHINGTON— Hiring has been strong in the past year in many presidential campaign swing states, a possible hurdle for GOP candidate Donald Trump, who has sought to capitalize on economic distress. Employers have added jobs in the past 12 months at a faster pace than the national average in Colorado, Florida, Michigan and North Carolina, the Labor Department said...

  • CHARLOTTE, N.C. _ Cato Corp. on Thursday reported fiscal second-quarter profit of $15.9 million. On a per-share basis, the Charlotte, North Carolina- based company said it had profit of 57 cents. Cato expects full-year earnings to be $2.32 to $2.41 per share.

  • BOSTON, Aug 17- Hedge fund Maglan Capital demanded on Wednesday that telecom carrier FairPoint Communications remove four board members, stepping up pressure on a company whose shares it believes could trade 70 percent above their current value. In a letter sent to the board and FairPoint Chief Executive Paul Sunu and seen by Reuters, the hedge fund's two...

  • BOSTON, Aug 17- Hedge fund Maglan Capital on Wednesday demanded that telecom carrier FairPoint Communications remove four board members, stepping up the pressure on a company whose shares it thinks could trade 70 percent above their current value. In a letter sent to the board and FairPoint Communications CEO Paul Sunu on Wednesday, and seen by Reuters, the...

  • NEW YORK— GreenPal CEO Bryan Clayton came to realize he had to scrap his company's $90,000 website. The business aims to link homeowners with lawn care companies, but its software wasn't equipped to easily handle requests from mobile users, and 85 percent of visitors using those devices left without a transaction. "We knew we had to completely gut the entire...

  • On Wednesday, Lowe's reported disappointing sales growth at existing stores, its second-quarter profit was short of most expectations and the company cut its profit expectations for the year. Comparable store sales at Home Depot rose 4.7 percent overall, and 5.4 percent in the U.S., a discrepancy noted by Citi analyst Kate McShane, who speculated that Lowe's...