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Top News & Analysis North Carolina

  • NEW YORK-- A growth in early voting and tough economy for the media are forcing changes to the exit poll system that television networks and The Associated Press depend upon to deliver the story on Election Night, all with the pressure-filled backdrop of a tight presidential race.

  • LONDON, Oct 25- An Iranian partner of Huawei Technologies Co Ltd, a Chinese company that has denied breaking U.S. sanctions, last year tried to sell embargoed American antenna equipment to an Iranian firm, according to documents and interviews.

  • *US says bank sold toxic loans to Fannie Mae, Freddie Mac. NEW YORK, Oct 24- The United States filed a fraud lawsuit against Bank of America Corp, accusing it of causing taxpayers more than $1 billion of losses by selling thousands of toxic mortgage loans to Fannie Mae and Freddie Mac.

  • *US says bank sold toxic loans to Fannie Mae, Freddie Mac. Oct 24- The United States filed a civil mortgage fraud lawsuit against Bank of America Corp, accusing it of selling thousands of toxic home loans to Fannie Mae and Freddie Mac that went into default and caused more than $1 billion of losses.

  • WINSTON-SALEM, N.C.-- Shares of clothing maker Hanesbrands Inc. fell Wednesday as investors digested a conservative profit outlook that was below what analysts had expected. During a conference call with investors late Tuesday, Rich Noll CEO said that Penney was a "big drag" on sales, particularly in bras and other underwear.

  • NEW YORK-- Shares of RF Micro Devices jumped 13 percent in premarket trading Wednesday, a day after the chipmaker issued better-than-expected results and guidance. Mike Burton of Brean Capital raised his price target on the stock by 50 cents to $6 and raised his estimates as well.

  • WINSTON-SALEM, N.C.-- Clothing maker Hanesbrands Inc. said Tuesday its third-quarter net income rose 21 percent as the company cut costs and sales of its Hanes and Champion underwear were strong. Hanesbrands and other clothing makers have been facing historically high cotton prices, but those pressures are receding.

  • RALEIGH, N.C.-- Two weeks ahead of an election deciding whether he keeps his job, North Carolina's insurance commissioner told companies on Tuesday they'll have to prove they should be allowed to increase homeowner's premiums by a statewide average of 17.7 percent.

  • NEW YORK-- In a story Oct. 17 about small business owners who are government contractors, The Associated Press reported erroneously that Amber Peebles, co-owner of a construction company, was wounded during Operation Desert Storm in 1991. Peebles, a Marine at the time, was injured in a service-related accident in the U.S. on May 13, 1991.

  • CHARLOTTE, N.C.-- Auto dealer Sonic Automotive Inc. said Tuesday that third-quarter income fell 48 percent, dragged down by the cost of buying back company debt. Net income was $10 million, or 18 cents per share, for the three months ended Sept. 30. Shares of the Charlotte- based company fell 11 cents to $18.06 in morning trading.

  • Attorneys met in Franklin County Circuit Court to discuss the status of the case, which began in 2010 when environmentalists pointed out questionable water quality monitoring practices by Frasure Creek and another coal company, International Coal Group.

  • RICHMOND, Va.-- Reynolds American Inc.' s third-quarter profit grew nearly 7 percent as higher prices and smokeless tobacco gains helped offset a decline in the number of cigarettes it sold.

  • In a story about athletes and corporate endorsements, The Associated Press erroneously described an endorsement by Gabrielle Douglas, the Olympic gymnast. Nike forgave Tiger Woods after he apologized for cheating on his wife.

  • CLEVELAND-- Unemployment rates fell last month in nearly all of the battleground states that will determine the presidential winner, giving President Barack Obama fresh fodder to argue that voters should stick with him in an election focused squarely on the economy.

  • RALEIGH, N.C.-- North Carolina's unemployment rate decreased a fraction in September to 9.6 percent, dipping back after a similar rise the previous month. The state Commerce Department released the data Friday, the last look before Election Day into the state's unemployment rate's direction.

  • Rates dropped in Ohio, Florida, Wisconsin, Colorado, Iowa, Nevada and North Carolina. They were unchanged in New Hampshire and Virginia. With just 18 days until Election Day, polls show GOP challenger Mitt Romney gaining momentum with voters in key states.

  • HIGH POINT, N.C.-- This year may be a turning point for the furniture industry, which has taken an especially hard hit during the recession as credit was limited and people put big-ticket purchases on hold to pay monthly bills.

  • RALEIGH, N.C.-- Time is running out for North Carolina homeowners to offer their view of a proposal by insurance companies doing business in the state to increase premiums by an average of nearly 18 percent next year. Friday is the deadline to submit comments by mail or e-mail to the state Insurance Department.