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  • HOUSTON— With clay soil and tabletop-flat terrain, Houston has endured flooding for generations. Its 1,700 miles of man-made channels struggle to dispatch storm runoff to the Gulf of Mexico. The latest calamity occurred April 18, killing eight people and causing tens of millions of dollars in damage.

  • RALEIGH, N.C.— All coal-ash pits in North Carolina maintained by Duke Energy power plants pose enough of an environmental risk that they should be excavated and moved by 2024, state environmental regulators said Wednesday. The agency was required to submit its risk rankings for all 33 pits by Wednesday under a state law passed in 2014, after a spill at a Duke...

  • NEW YORK— Lowe's reported surging first-quarter profits and comparable-store sales boomed in the midst of a strong recovery in the U.S. housing market. Lowe's profit jumped 31.4 percent to $884 million, or 98 cents per share. Lowe's and Home Depot are riding a robust housing construction rebound.

  • NEW YORK, May 17- A senior female fixed-income banker at Bank of America Corp has filed a lawsuit accusing the bank of underpaying her and other women, and retaliating when she complained about illegal or unethical practices by her colleagues. In a complaint filed on Monday night, managing director Megan Messina said she was a victim of "egregious pay disparity"...

  • NEW YORK, May 17- A senior female fixed-income banker at Bank of America Corp filed a lawsuit accusing the bank of underpaying women, and retaliating against her for complaining about illegal or unethical business practices by her colleagues. Her lawsuit filed in Manhattan federal court joins many others accusing Wall Street of bias against female bankers,...

  • It comes after lawmakers wrote to Treasury Secretary Jacob Lew in March to ask that the USDA be involved in the review so that the potential impact of the transaction on domestic food security could be better assessed. A USDA spokeswoman also declined to comment, citing the same reasons. While the USDA is not one of the agencies comprising CFIUS, there is...

  • An insurance advisor with Univista Insurance, helps a customer shop for a health plan under the Affordable Care Act, also known as Obamacare, on Dec. 15, 2015 in Miami.

    Even as beneficiaries acknowledge Obamacare gave them insurance, there remains a strong undercurrent of discontent, The New York Times reports.

  • May 13- Lowe's Cos has reached an $8.6 million settlement of a U.S. agency lawsuit accusing the nation's second-largest home improvement retailer of illegally firing workers who went on medical leave for a long time. The accord resolves Equal Employment Opportunity Commission claims that Lowe's violated the Americans with Disabilities Act by terminating...

  • May 12- Britain's Daily Mail named Paul Zwillenberg, a digital media specialist, as its chief executive on Thursday to try to drive up revenues from its popular websites. Zwillenberg currently works for Boston Consulting Group as the head of its media sector where he helped Daily Mail and General Trust to set up its digital division. Educated at Duke University...

  • May 11- Health Insurer Aetna Inc on Wednesday said it plans to continue its Obamacare health insurance business next year in the 15 states where it now participates, and may expand to a few additional states. "We have submitted rates in all 15 states where we are participating and have no plans at this point to withdraw from any of them," said company spokesman Walt...

  • NC Gov. McCrory: Businesses should be careful on social issues

    North Carolina Governor Pat McCrory talks about the economic impact of his state's controversial "bathroom law" requiring facilities to be used only according one's "biological sex," as indicated on one's birth certificate.

  • WASHINGTON, May 11- Boston is the U.S. city best placed to capitalize on the shift to a digital economy, with the tech-centered San Francisco Bay Area second as it lost ground because of worsening quality of life, a report said on Wednesday. After Boston and the Bay Area, the top 10 cities in order were Denver; Raleigh-Durham, North Carolina; San Diego; Austin, Texas; Los...

  • NEW YORK, May 11- Oil prices surrendered most of their early gains on Wednesday, with U.S. crude turning negative, on worries that government data could show another big U.S. crude stock build despite supportive Canadian supply outages. Brent and U.S. crude's West Texas Intermediate futures rose earlier as Shell announced a Nigerian pipeline closure while...

  • NEW YORK, May 10- At quick glance, public pensions should be running from hedge funds. Then, this February, the $15 billion Illinois State Board of Investment said it would reduce its target allocation from 10 percent to just 3 percent. Henry Garrido, a worker union leader and NYCERS trustee, cited the industry's high fees and poor performance in scoring a...

  • NEW YORK, May 10- Oil prices rose about 3 percent on Tuesday, recovering a chunk off losses from the previous session, as supply disruptions of 2.5 million barrels per day in Canada and elsewhere offset concerns about growing record high U.S. crude stockpiles. A series of attacks on Nigeria's oil infrastructure has pushed crude output close to a 22- year low in...

  • May 9- Krispy Kreme Doughnuts Inc agreed to be taken private by JAB Holding Co for about $1.35 billion as Germany's Reimann family continues to build up its global coffee empire. The company, which led the $13.9 billion buyout of K-cup maker Keurig Green Mountain in March, already owns the Caribou Coffee and Peet's Coffee& Tea chains in the United States.

  • DOJ files federal civil rights lawsuit against NC

    CNBC's Mary Thompson reports the latest details behind North Carolina's law that impacts transgender individuals.

  • NC Gov.: DOJ only gave us 3 days to respond

    North Carolina Governor Pat McCrory holds a news conference after asking a federal court to clarify the LGBT rights law.

  • Krispy Kreme shares rose nearly 24 percent to $20.88 in premarket trading on Monday, just shy of the offer price of $21 per share in cash. JAB Holding will acquire Krispy Kreme through its unit JAB Beech Inc, in which BDT Capital Partners is a minority investor. JAB Holding, the investment vehicle of the billionaire Reimann family, led a buyout of K-cup coffee pod...

  • NC Sues Government over transgender law

    CNBC's Mary Thompson reports that North Carolina is swinging back at the Federal government accusing the Department of Justice of vastly overreaching.