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Top News & Analysis North Carolina

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  • NewBridge posts 2Q profit Thursday, 23 Jul 2015 | 6:33 PM ET

    GREENSBORO, N.C. _ NewBridge Bancorp on Thursday reported second-quarter profit of $6 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • The potential life sentence for former Peanut Corporation of America owner Stewart Parnell was disclosed by prosecutors in a court filing Wednesday. Parnell, 61, is scheduled to be sentenced Sept. 21 by a federal judge in Albany, Georgia. "Bill Marler, a lawyer for victims sickened by peanut butter from Parnell's southwest Georgia plant, used the same word.

  • Skadden loses ruling on overtime pay for lawyers Thursday, 23 Jul 2015 | 1:17 PM ET

    NEW YORK, July 23- A federal appeals court said on Thursday the New York law firm Skadden, Arps, Slate, Meagher& Flom may owe overtime pay to a contract lawyer for performing non-legal work, a decision that could make it more costly for firms to hire temporary lawyers. The 2nd U.S. Circuit Court of Appeals said contract lawyers can be eligible under federal labor law for...

  • Yadkin posts 2Q profit Thursday, 23 Jul 2015 | 11:21 AM ET

    RALEIGH, N.C. _ Yadkin Financial Corp. on Thursday reported second-quarter net income of $10.7 million. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 38 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Nucor tops 2Q profit forecasts Thursday, 23 Jul 2015 | 9:09 AM ET

    CHARLOTTE, N.C. _ Nucor Corp. on Thursday reported second-quarter profit of $124.8 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share. Nucor shares have fallen 14 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed roughly 3 percent.

  • Park Sterling posts 2Q profit Thursday, 23 Jul 2015 | 8:39 AM ET

    CHARLOTTE, N.C. _ Park Sterling Corp. on Thursday reported second-quarter net income of $4.3 million. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 10 cents per share. Park Sterling shares have decreased slightly since the beginning of the year.

  • Carlisle beats 2Q profit forecasts Thursday, 23 Jul 2015 | 6:12 AM ET

    CHARLOTTE, N.C. _ Carlisle Cos. Inc. on Thursday reported second-quarter profit of $94.9 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Bank of America CFO steps down in shake-up Wednesday, 22 Jul 2015 | 7:24 PM ET

    NEW YORK— Bank of America's second-in-command is out of a job following a management shake-up announced late Wednesday. Bruce Thompson, Bank of America's chief financial officer for the last five-and-a-half years, will be stepping down, CEO Brian Moynihan announced. Smith will also be responsible for Bank of America Corp. passing the Federal Reserve's...

  • House approves bill to tweak coal ash standards Wednesday, 22 Jul 2015 | 6:54 PM ET

    David McKinley, R- W.Va., said it was needed because the EPA rule leaves open the possibility that coal ash could be designated as hazardous, creating uncertainty for industry. The White House said in its veto threat that the House bill would undermine public health and environmental protections provided by the EPA rule. The EPA rule "articulates clear and...

  • Unifi posts 4Q profit Wednesday, 22 Jul 2015 | 6:40 PM ET

    GREENSBORO, N.C. _ Unifi Inc. on Wednesday reported fiscal fourth-quarter net income of $15.6 million. On a per-share basis, the Greensboro, North Carolina- based company said it had net income of 83 cents. Unifi shares have climbed almost 9 percent since the beginning of the year.

  • RALEIGH, N.C.— A coalition of environmental groups is supporting Duke Energy's effort to dismiss part of long-running lawsuit over pollution leaking from the company's coal ash dumps. "It is good news that Duke Energy has now publicly committed to do the right thing at half of its coal plant sites in North Carolina. The seven plants that would be cleaned up under...

  • Prosecutors want guilty plea hearing for WVa exec in spill Wednesday, 22 Jul 2015 | 12:08 PM ET

    CHARLESTON, W.Va.— Federal prosecutors want a judge to schedule a guilty plea hearing for the top executive charged in a massive chemical spill that contaminated West Virginia's biggest drinking water supply last year. In federal court in Charleston on Wednesday, prosecutors asked Judge Thomas Johnston to set the hearing for former Freedom Industries...

  • WASHINGTON— Americans bought homes in June at the fastest rate in over eight years, pushing prices to record highs as buyer demand has eclipsed the availability of houses on the market. The National Association of Realtors said Wednesday that sales of existing homes climbed 3.2 percent last month to a seasonally adjusted annual rate of 5.49 million, the...

  • BNC posts 2Q profit Wednesday, 22 Jul 2015 | 8:57 AM ET

    HIGH POINT, N.C. _ BNC Bancorp on Wednesday reported second-quarter net income of $11 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • WASHINGTON— Hillary Rodham Clinton is pushing an agenda that takes on Wall Street, going after financial investors for focusing too heavily on their own immediate profits. Since her first presidential campaign in 2008, income inequality has become a bigger force in Democratic politics, with liberal voters clamoring for candidates who will take a sharply...

  • Hatteras Financial misses 2Q profit forecasts Tuesday, 21 Jul 2015 | 4:31 PM ET

    WINSTON-SALEM, N.C. _ Hatteras Financial Corp. on Tuesday reported second-quarter net income of $24.6 million, after reporting a loss in the same period a year earlier. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share. Hatteras Financial shares have declined almost 9 percent since the...

  • Sonic Automotive misses 2Q profit forecasts Monday, 20 Jul 2015 | 7:39 AM ET

    CHARLOTTE, N.C. _ Sonic Automotive Inc. on Monday reported second-quarter net income of $14.8 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share. Sonic Automotive shares have decreased slightly more than 8 percent since the beginning of the year.

  • RALEIGH, N.C.— Pressed to take action on companies that misclassify workers as independent contractors, North Carolina lawmakers are pushing legislation backed by several business associations to set up an agency to investigate and punish cheating employers. Bills in the House and the Senate would create an Employee Classification Division to...

  • Chattanooga death toll climbs as mourning grows Friday, 17 Jul 2015 | 1:55 PM ET
    Members of the FBI Evidence Response Team work the scene of a shooting in the parking lot of the Armed Forces Career Center/National Guard recruitment office on July 16, 2015 in Chattanooga, Tennessee.

    One by one, portraits of the Tennessee-based Marines shot by a gunman have emerged, The New York Times reports.

  • NEW YORK, July 15- The Trump Organization is a lot like the thousands of family businesses that dot the land, even though its current leader, Donald Trump, is a U.S. presidential candidate. Ivanka Trump, 33, is part of a fourth generation working their way up the company's leadership ranks, waiting for the day when their father hands over the reins.