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Top News & Analysis North Carolina

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  • 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,...

  • North Carolina jobless rate worse in July Friday, 21 Aug 2015 | 4:01 AM ET

    RALEIGH, N.C.— North Carolina's unemployment rate rose for the fifth straight month in July to 5.9 percent as nearly 12,000 fewer people held jobs, the state Commerce Department said Friday. The nationwide unemployment rate in July was 5.3 percent and has been trending lower that North Carolina's. North Carolina employers created more than 100,000 jobs last...

  • *Japan economy shrank in Q2. *China slowdown adds downward pressure. NEW YORK, Aug 17- Oil fell about 1 percent on Monday, with U.S. crude settling within range of a new 6-1/ 2- year low, after No. 3 oil consumer Japan said its economy contracted in the second quarter and China's slowdown continued to weigh on sentiment.

  • Former NAACP leader Julian Bond dies at 75 Sunday, 16 Aug 2015 | 3:42 AM ET
    Julian Bond.

    Julian Bond, a charismatic figure of the civil rights movement, died on Saturday night in Fort Walton Beach, Fla at 75, The NY Times reports.

  • Aug 14- Any day now, David Murdock, the 92- year-old owner of Dole Food Co, will find out whether his decision to go to trial to defend the terms of his 2013 buyout of the company was heroic or foolish. It was certainly unusual, and could lead to one of the biggest judgments ever in Delaware's Court of Chancery, a leading venue for corporate disputes.

  • Instructure, based in Salt Lake City, has hired Morgan Stanley and Goldman Sachs to help prepare for the IPO, which has been filed confidentially, the people said. Instructure, Morgan Stanley and Goldman Sachs did not immediately respond to requests for comment. The company's learning management systems are used by 18 million students and teachers from more...

  • NEW YORK, August 13- For Julian Robertson, the 83- year-old billionaire former hedge fund manager, history is repeating itself. Robertson's personal fortune has more than doubled to $3.4 billion since 2000, and his Tiger Management is as strong as ever: the hedge funds he has ownership stakes in now manage more than $30 billion, up from about $20 billion in early...

  • Aug 12- Drugmaker GlaxoSmithKline temporarily closed a North Carolina factory on Tuesday after testing at a cooling tower found bacteria that causes deadly Legionnaire's disease. Advair is also made at two other sites in Ware, England, and Evreux, France. GSK said the shutdown was a precautionary measure and the Zebulon site would reopen when the situation was...

  • Aug 11- Drugmaker GlaxoSmithKline closed its North Carolina factory on Tuesday after testing at a cooling tower found bacteria that causes deadly Legionnaire's disease, a company spokeswoman said. The Legionella bacteria was discovered during routine inspections at the site in Zebulon, N.C., GSK spokeswoman Jenni Brewer Ligday said. City and state...

  • SAO PAULO, Aug 10- Honda Motor Co still aims to start delivering its HondaJet during the "late summer" in the United States, but its top aviation executive recognized on Monday that the deadline would depend on final certification there. He said there were about 20 aircraft in final assembly and, with final approval from the U.S. Federal Aviation Administration, the...

  • Aug 6- Duke Energy Corp reported lower-than-expected quarterly profit and revenue, hurt by higher expenses in its U.S. regulated power business and weakness in its operations outside North America. Duke sells power to 7.3 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky at rates set by state regulators.

  • LOS ANGELES, Aug 4- Call it the rise of the "Breakfastarians"- the dining tribe that craves breakfast food morning, noon and night. It has prompted companies from fast-food leader McDonald's Corp to North Carolina- based buffet chain Golden Corral to experiment with all-day breakfast. They are joining chains like Denny's Corp, IHOP, Jack in the Box and Sonic Corp,...

  • WASHINGTON, Aug 3- U.S. factory activity slipped in July and consumer spending advanced at its slowest pace in four months in June, indicating that the economy had lost some momentum recently. "We expect growth momentum to re-accelerate over the next few months, providing the Fed with the necessary confidence they need to raise rates in September," said Millan...

  • Aug 3- Jeld-Wen Holding Inc, a maker of doors and windows, is working on a potential initial public offering that would value the business at as much as $4 billion, the Wall Street Journal reported. The Charlotte, North Carolina- based company is working with banks, including Barclays PLC and Credit Suisse Group AG, on the possible offering, which could raise around...

  • LAHAINA, Hawaii, July 30- Pacific Rim trade ministers neared the final spurt of negotiations on an ambitious free trade pact on Thursday, but differences over farm exports and monopoly periods for next-generation drugs kept them short of an elusive final deal. Ministers from the 12 countries negotiating the Trans-Pacific Partnership, which would cut trade...

  • LAHAINA, Hawaii, July 30- Pacific Rim trade ministers neared the final spurt of negotiations on an ambitious free trade pact on Thursday, but differences over farm exports and monopoly periods for next-generation drugs were preventing them from reaching an elusive final deal. Ministers from the 12 countries negotiating the Trans-Pacific Partnership, which...

  • NEW YORK, July 28- Forty percent of millennials have at least one tattoo, according to Pew Research Center. "If you walk into a boardroom and you have that baby girl tattoo on your neck, you may not get that job you want," said Univerity of Tampa assistant professor Kristen Foltz, who conducted the research. Katie Murtagh, a first-year law student at the Charlotte School...