Top News & Analysis North Carolina

  • Aug 12- U.S. stocks fell from record highs on Friday as tepid retail sales and producer price data dampened investor confidence in the economy's expansion. 'said Jeff Carbone, senior partner at Cornerstone Financial Partners in Cornelius, North Carolina. " Dow Chemical fell 2.51 percent and was the top drag on the materials index, followed by a 1.98 percent drop in...

  • WASHINGTON, Aug 11- The number of Americans filing for unemployment benefits fell last week, pointing to sustained labor market strength in early August that could help spur faster economic growth. "The data remain consistent with a still-strong trend in employment growth, which means the backdrop for consumer spending remains favorable," said Jim O'Sullivan,...

  • WASHINGTON, Aug 10- A federal appeals court said on Wednesday the U.S. Federal Communications Commission could not block two states from setting limits on municipal broadband expansion, a decision seen as a win for private-sector providers of broadband internet and a setback for FCC Chairman Tom Wheeler. The FCC voted 3-2 in 2015 to issue an order seeking to...

  • WASHINGTON, Aug 10- A federal appeals court said on Wednesday the U.S. Federal Communications Commission could not block two states from setting limits on municipal broadband expansion. Cities in Tennessee and North Carolina had sought to expand municipal broadband networks beyond current boundaries, but faced laws forbidding or placing onerous...

  • Aug 9- Republican Donald Trump, a former reality TV star, has yet to spend a dime on television advertising for his White House campaign against Democratic rival Hillary Clinton, who has spent $52 million, NBC News said on Tuesday. One group supporting Trump- the Rebuilding America Now PAC led by Florida Governor Rick Scott- said it was rolling out an anti-Clinton ad...

  • *Genscape data shows Cushing draw above 89,000 bbls- traders. NEW YORK, Aug 4- Oil prices rose on Thursday, with U.S. crude advancing above the $40 a barrel mark, after a modest stockpile drop at the delivery hub for U.S. crude futures underpinned a market that rallied a day ago on strong gasoline draw data. The bullish impact of the Genscape report was muted somewhat by...

  • The international business- spanning Argentina, Brazil, Chile, Ecuador, El Salvador, Guatemala and Peru- accounted for about 5 percent of the company's total operating revenue in the second quarter. The company's international energy business, reported a quarterly loss of $102 million, compared with a profit of $52 million, a year earlier, hurt by an impairment...

  • The company's international energy business, however, reported a loss of $102 million, compared with a year-earlier profit of $52 million. Duke has engaged advisers to sell its assets in Brazil, Argentina and Chile. The net income attributable to the company fell to $509 million, or 74 cents per share, in the second quarter, from $543 million, or 78 cents per share, a...

  • HICKORY, North Carolina, Aug 4- As furniture makers left Hickory and headed to China at the start of the century, the local community college shuttered its courses in furniture production, abandoning an industry that had sustained this North Carolina community for generations. A Reuters analysis of federal and other data shows, however, that some of the areas...

  • HICKORY, North Carolina, Aug 4- As furniture makers left Hickory and headed to China at the start of the century, the local community college shuttered its courses in furniture production, abandoning an industry that had sustained this North Carolina community for generations. A Reuters analysis of federal and other data shows, however, that some of the areas...

  • NEW YORK, Aug 3- Oil edged higher on light short-covering on Wednesday after plumbing April lows the previous day, with investors warily eyeing a market believed to be oversupplied despite expectations of a drop in U.S. crude stockpiles. The U.S. Energy Information Administration is expected to announce at 10:30 a.m. EDT a drawdown of 1.4 million barrels in...

  • NEW YORK/ RIO DE JANEIRO, Aug 2- A U.S. appeals court on Tuesday put a class action case against Brazil's state-controlled oil company Petroleo Brasileiro SA on hold pending the resolution of an appeal filed by the company, potentially stalling a much anticipated U.S. trial. The order granted a bid by Petrobras, as the company is commonly known, to postpone a case...

  • NEW YORK, Aug 2- U.S. crude oil fell on Tuesday to end below $40 a barrel for the first time since April as persistent worries of both a crude and refined fuel glut and a slide in U.S. equities offset an early boost from a weak dollar. West Texas Intermediate crude settled down 55 cents, or 1.4 percent, at $39.51 a barrel, after earlier rallying to $40.91.

  • NEW YORK Aug 2- Oil prices fell again on Tuesday, erasing early gains and dragging U.S. crude below $40 a barrel as persistent worries of a glut offset the boost from a weak dollar early in the session. "There is much talk about the product glut replacing the oil glut, and this is a worrisome indicator for crude demand," said Frank Klumpp, oil analyst at Stuttgart- based...

  • NEW YORK Aug 2- Oil prices fell more than 1 percent on Tuesday, erasing early gains and pushing U.S. crude back below $40 a barrel as persistent worries of a glut offset the impact of a weak dollar that initially propped the market. West Texas Intermediate crude was down 50 cents, or 1.3 percent, to $39.56 a barrel by 12:15 p.m. EDT. Brent crude fell 30 cents, or 0.7...

  • NEW YORK Aug 2- Oil prices fell more than 1 percent on Tuesday, erasing early gains and pushing U.S. crude back below $40 a barrel as persistent worries of a glut offset the impact of a weak dollar that initially propped the market. West Texas Intermediate crude was down 50 cents, or 1.3 percent, to $39.56 a barrel by 11:36 a.m. EDT. Brent crude fell 54 cents, or 1.2...

  • WASHINGTON, Aug 1- U.S. manufacturing activity eased in July amid shrinking order backlogs and declining employment, while an unexpected drop in construction spending in June suggested second-quarter economic was probably even weaker than reported last week. The Institute for Supply Management's report on Monday also showed manufacturers ramping up...

  • Aug 1- Pfizer Inc said it had acquired privately held gene therapy developer Bamboo Therapeutics Inc in a deal worth up to $645 million to boost its presence in the treatment of rare diseases. The U.S. Food and Drug Administration has yet to approve any gene therapies but Europe has approved two- a treatment from GlaxoSmithKline for a rare immune disorder in...

  • WASHINGTON, July 29- U.S. economic growth unexpectedly remained tepid in the second quarter as inventories fell for the first time in nearly five years and business investment weakened further, offsetting robust consumer spending. Gross domestic product increased at a 1.2 percent annual rate after rising by a downwardly revised 0.8 percent pace in the first...

  • *Second-quarter GDP rises at a 1.2 percent rate. WASHINGTON, July 29- U.S. economic growth unexpectedly remained tepid in the second quarter as inventories fell for the first time in nearly five years and business investment remained weak, offsetting robust consumer spending. Gross domestic product increased at a 1.2 percent annual rate after rising by a...