Top News & Analysis North Carolina

  • NEW YORK-- Laura Schoppe's small business gets about half of its revenue from contracts with the federal government. Schoppe and thousands of other small companies with federal contracts are watching to see if Congress will stop a mandatory $109 billion in federal budget cuts scheduled to take effect Jan. 2 in what's being called sequestration.

  • WINSTON-SALEM, N.C.-- BB&T Corp. says it will create 1,700 new jobs over five years in a large back-office operation near Piedmont Triad International Airport. The bank said Tuesday that it has signed a seven-year sublease to take over a former American Express Co. call center in Greensboro.

  • CHARLESTON, W.Va.-- West Virginia Gov. In September, FEMA approved individual assistance for residents in Fayette, Kanawha, Nicholas and Raleigh counties after Tomblin appealed the agency's initial denial of aid.

  • NEW YORK-- A Republican-leaning independent group supporting Mitt Romney's presidential bid is spending $11.1 million on new television ads aimed at women. The group planned to air the new ad on national and local cable stations, and in Colorado, Florida, Iowa, Nevada, New Hampshire, North Carolina, Ohio and Virginia.

  • "It's just way too much," says Scot French, a history professor at the University of Central Florida. He lives along the swing-voting Interstate 4 corridor that will play an important role in deciding whether President Barack Obama or Mitt Romney wins the state, and perhaps the White House.

  • CHARLOTTE, N.C.-- NASCAR and Fox Sports Media Group announced a $2.4 billion, eight-year extension Monday that runs through 2022 and keeps the prestigious Daytona 500 and first third of the Sprint Cup Series on the network.

  • NEW YORK-- Family Dollar on Monday appointed Jocelyn Wong as its chief marketing officer. Wong, who will also serve as senior vice president, recently served as group vice president of shopper marketing for the supermarket chain Safeway Inc. Safeway recently launched a customer loyalty program that offers personalized discounts based on past purchases.

  • LOS ANGELES-- Federal regulators failed to pursue recalls after they found cadmium-tainted jewelry on store shelves, despite their vow to keep the toxic trinkets out of children's hands, an Associated Press investigation shows.

  • Oct 12- Recent cyber attacks against Wells Fargo& Co were "pretty significant" but didn't cause customer losses or a major increase in expenses, the bank's Chief Financial Officer, Tim Sloan, told Reuters on Friday. Wells Fargo's Sloan told Reuters, "I don't want to minimize the potential damage it could cause to the industry."

  • *Workday shares reach session high $51.32. Oct 12- Shares of Workday Inc. The cloud computing company whose services compete with rivals such as Oracle Corp.

  • stock listing back in May, the Pleasanton, California- based company opened New York Stock Exchange trading at $48.05. Earlier in the week, Workday raised its price range to $24 to $26 per share from $21 to $24 per share. The IPO values the company, founded by ex-PeopleSoft executives David Duffield and Aneel Bhusri, at almost $4.5 billion.

  • By Rick Rothacker and Jed Horowitz. Oct 12- Wells Fargo& Co's. The No. 4 U.S. bank by assets has expanded in mortgage lending while others such as Bank of America Corp.

  • SHELBY, N.C.-- North Carolina health officials say an E. coli outbreak is responsible for the illness of 13 people who attended the Cleveland County Fair. State health officials say people from Cleveland, Gaston and Lincoln counties have reported becoming sick after visiting the fair in Shelby.

  • Two people familiar with the negotiations said F1 was in talks with NBC for U.S. broadcast rights and the contract would not be renewed with Speed. NBC did not immediately respond to a request for comment, nor did a spokesman for Speed.

  • Oct 12- Wells Fargo& Co reported record quarterly profit on Friday on a surge in mortgage lending, but revenue and a key banking measure fell short of analysts' estimates, sending shares down 3.3 percent. Wells Fargo posted third-quarter earnings of 88 cents per share, topping the analysts' consensus estimate of 87 cents, according to Thomson Reuters I/B/E/S.

  • Oct 12- Wells Fargo& Co reported a 22 percent increase in its third-quarter profit on Friday on a surge in mortgage lending, but fell short of analysts' revenue estimates. Wells Fargo posted earnings per share of 88 cents, topping the analysts' consensus estimate of 87 cents, according to Thomson Reuters I/B/E/S.

  • DANVILLE, Ky.-- In a spirited debate that laid out stark choices, Joe Biden and Paul Ryan teed up pointed arguments on the economy, social policy and America's place in the world that President Barack Obama and GOP rival Mitt Romney now will drive forward into the campaign's final stretch.

  • J. Todd Weber of the Centers for Disease Control and Prevention said as the death toll reached 14.. The other case is an ankle infection discovered in Michigan; steroid shots also can be given to treat aching knees, shoulders or other joints.

  • Oct 12- Wells Fargo& Co on Friday reported a 22 percent increase in third-quarter profit on a surge in mortgage lending. Wells Fargo, the largest U.S. home lender, posted mortgage banking revenue of $2.8 billion, up more than 50 percent from a year ago.

  • Oct 12- Wells Fargo& Co on Friday reported higher third-quarter profits on a surge in mortgage lending. The fourth biggest U.S. bank said net income was $4.9 billion, or 88 cents a share, in the quarter, up from $4.1 billion, or 72 cents a share, in the same period a year earlier. Wells is the largest U.S. mortgage lender.