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Top News & Analysis North Carolina

  • 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...

  • A file photo of marijuana plants

    Six people in western North Carolina have been arrested after officials found more than a ton of marijuana in a van.

  • CHARLOTTE, N.C.— Duke Energy Corp. on Thursday reported a fourth-quarter loss of $230.7 million, after reporting a profit in the same period a year earlier. Duke Energy expects full-year earnings in the range of $4.50 to $4.70 per share. Duke Energy shares have dropped 1 percent since the beginning of the year, while the Standard& Poor's 500 index has increased...

  • BURLINGTON, N.C. _ Laboratory Corp. of America Holdings on Thursday reported fourth-quarter net income of $184.4 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.13 per share. LabCorp expects full-year earnings in the range of $9.35 to $9.75 per share.

  • COLUMBIA, S.C.— Boeing workers' overwhelming anti-union vote at the aviation giant's 787 Dreamliner plant in South Carolina is a big victory for Southern politicians and business leaders who have lured manufacturing jobs to the region on the promise of keeping unions out. It's also a win for the company that will host President Donald Trump at its North...

  • Participants said conflict remained, and the details and timing of how the GOP will deliver on its long-promised replacement of President Barack Obama's law went unanswered. Mark Walker, R- N.C., said when asked about past GOP promises to quickly deliver legislation repealing Obama's overhaul and replacing it. The evolving GOP proposal would revamp the...

  • CHARLOTTE, N.C. _ EnPro Industries Inc. on Wednesday reported a fourth-quarter loss of $2.9 million, after reporting a profit in the same period a year earlier. The Charlotte, North Carolina- based company said it had a loss of 14 cents per share. For the year, the company reported that its loss widened to $40.1 million, or $1.86 per share.

  • CHARLOTTE, N.C. _ Curtiss-Wright Corp. on Wednesday reported fourth-quarter profit of $68.6 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share. Curtiss-Wright expects full-year earnings to be $4.30 to $4.40 per share, with revenue in the range of $2.17 billion to $2.21 billion.

  • BERLIN, Feb 15- German discount supermarket group Lidl will open its first stores in the United States ahead of schedule this summer, it said on Wednesday, with plans for up to 100 stores within a year in a move that could shake up U.S. retailers. The group plans to open its first 20 stores in Virginia, North Carolina and South Carolina, it said in a statement.

  • WASHINGTON, Feb 15- Republican lawmakers on Wednesday criticized Federal Reserve Chair Janet Yellen's stewardship of the U.S. economy and urged her to halt work on financial regulation until President Donald Trump names new policymakers to the central bank. In a tense hearing before the House of Representatives' Financial Services Committee, Republicans...

  • BERLIN, Feb 15- German discount supermarket group Lidl will open its first stores in the United States ahead of schedule this summer, it said on Wednesday, with plans for up to 100 stores within a year. The group plans to open its first 20 stores in Virginia, North Carolina and South Carolina, it said in a statement. Lidl, which runs more than 10,000 stores in 27 countries...

  • NEW YORK— Lidl, the German no-frills supermarket chain, is opening its first wave of stores in the U.S. this summer ahead of schedule, with plans to open up to 100 locations across the East Coast within a year. Lidl's first 20 U.S. stores will be opening in North Carolina, South Carolina and Virginia, where the company established its first U.S. headquarters in 2015.

  • NORTH CHARLESTON, S.C.— Nearly 3,000 production workers at Boeing's South Carolina plant have voted not to join the Machinists, maintaining southern reluctance toward unionization. If successful, the balloting on whether employees should join the International Association of Machinists and Aerospace Workers would have sent a significant message to...

  • The Greensboro, North Carolina- based real estate investment trust said it had funds from operations of $60.9 million, or 61 cents per share, in the period. The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 61 cents per share. Four analysts surveyed by Zacks expected $119.9 million.

  • A woman is rescued due to sever weather in Houston, Texas.

    Here are some of the key stories CNBC is following this hour.