Top News & Analysis North Carolina

  • 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...

  • West Texas Intermediate crude futures fell about 1 percent or more earlier in the session, reacting to a U.S. crude draw of 827,000 barrels for the week to July 22 reported by trade group American Petroleum Institute late Tuesday. That figure was well short of the 2.3 million-barrel draw that analysts expect the U.S. government's Energy Information...

  • NBA strips Charlotte of 2017 All-Star Game

    CNBC's Dominic Chu reports that the NBA has officially pulled the 2017 All-Star Game from Charlotte, North Carolina due to the state's controversial bathroom law.

  • Headquartered in Pittsburgh, Pennsylvania, FNB has about $20 billion in assets and 300 branches in Pennsylvania, Maryland, Ohio and West Virginia. Raleigh, North Carolina- based Yadkin serves over 130,000 customers, has assets of $7.4 billion, and operates over 100 branches in North and South Carolina. FNB's financial adviser was RBC Capital Markets LLC and Reed...

  • Headquartered in Pittsburgh, Pennsylvania, F.N.B. has about $20 billion in assets and 300 branches in Pennsylvania, Maryland, Ohio and West Virginia. It provides commercial and consumer banking and wealth management solutions led by its largest affiliate, First National Bank of Pennsylvania. Raleigh, North Carolina- based Yadkin serves over 130,000...

  • Caitlyn Jenner

    Caitlyn Jenner said that while she firmly believes in the Republican Party, supporting it has not always been easy.

  • NEW YORK, July 20- U.S. farming and oil lobbies have spent over a decade battling over a government program that requires that renewable fuels are blended with gasoline, but a recent survey showed motorists largely don't know or care what goes into their gas tanks. "I have no idea" what's in the gas, "said Kerri Price, 53, who lives near Albuquerque and drives a Jeep Grand...

  • NEW YORK, July 20- U.S. farming and oil lobbies have spent over a decade battling over a government program that requires that renewable fuels are blended with gasoline, but a recent survey showed motorists largely don't know or care what goes into their gas tanks. "I have no idea" what's in the gas, "said Kerri Price, 53, who lives near Albuquerque and drives a Jeep Grand...

  • Like other lenders, the Charlotte, N.C.- based bank has been struggling under the weight of low rates for years, but analysts say Bank of America is particularly sensitive to the issue because of how management has positioned its balance sheet. Chief Executive Brian Moynihan announced a new expense target of $53 billion for 2018. Bank of America did not previously...

  • *Healthy packer profit, China demand fuel expansion. *Industry interest in ractopamine-free pork to serve China. CHICAGO, July 18- The U.S. pork industry could be heading for higher hog prices as processing plants come on line at an unprecedented rate with packers investing millions of dollars to satisfy the appetite of protein-hungry China, industry analysts...

  • Like other lenders, the Charlotte, N.C.- based bank has been struggling under the weight of low rates for years, but analysts say Bank of America is particularly sensitive to the issue because of how management has positioned its balance sheet. Chief Executive Brian Moynihan announced a new expense target of $53 billion for 2018. Bank of America did not previously...

  • Like other lenders, the Charlotte, N.C.- based bank has been struggling under the weight of low rates for years, but analysts say Bank of America is particularly sensitive to the issue because of how management has positioned its balance sheet. Chief Executive Brian Moynihan announced a new expense target of $53 billion for 2018. That's $3.3 billion less than the...

  • Net income attributable to BofA's common shareholders fell to $3.87 billion, or 36 cents per share, in the second quarter ended June 30, from $4.80 billion, or 43 cents per share, a year earlier. Excluding special items, the bank earned 37 cents per share, beating the average analyst estimate of 33 cents, according to Thomson Reuters I/B/E/S. But optimism has faded...

  • Net income attributable to BofA's common shareholders fell to $3.87 billion, or 36 cents per share, in the second quarter ended June 30, from $4.80 billion, or 43 cents per share, a year earlier. Excluding items, the bank earned 37 cents per share, beating the average analyst estimate of 33 cents, according to Thomson Reuters I/B/E/S. "We continued to invest in core...

  • WASHINGTON, July 15- U.S. retail sales rose more than expected in June as Americans bought motor vehicles and a variety of other goods, bolstering views that economic growth picked up in the second quarter. The bullish data and a rally on Wall Street could allow the Federal Reserve to raise interest rates later this year, but much will depend on policymakers'...

  • Hillary Clinton leading Trump in key election states

    Hillary Clinton leads Donald Trump in four of the most diverse presidential battleground states, according to the latest polls.

  • FRANKFURT, July 14- German chipmaker Infineon Technologies has agreed to buy Wolfspeed Power and RF for $850 million from U.S. company Cree, betting on new energy efficient chips it expects will dominate the market in the next decade. These silicon carbide chips are expected to gradually replace conventional chips in the coming years and will be in demand for...

  • WASHINGTON, July 13- More than a dozen U.S. Republican lawmakers on Wednesday urged the Obama administration to impose penalties on the Chinese telecommunications equipment maker ZTE Corp for alleged violations of Iran export controls. In a letter to three Cabinet secretaries, 14 House of Representatives Republicans led by Robert Pittenger of North...