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Top News & Analysis North Carolina

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  • 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...

  • Two cities may get NHL teams—but it won't be easy Thursday, 23 Jul 2015 | 11:45 AM ET
    A Quebec Nordiques fan shows his support for their return to the NHL.

    Las Vegas and Québec City have filed for new NHL franchises, but based on past expansion teams, they would face a daunting task.

  • Homeless Obamacare enrollment draws scrutiny in NC Friday, 17 Jul 2015 | 3:14 PM ET
    Obamacare Affordable Care Act

    Aetna has severed ties with a agent who sold hundreds of heavily subsidized health plans to homeless people.

  • 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.

  • *JPMorgan profit beats estimates; Wells Fargo revenue misses. July 14- Wall Street was higher in early afternoon trading on Tuesday, led by a rally in healthcare stocks and as energy stocks rose after oil prices recovered on easing fears of higher crude supplies due to the Iran nuclear deal. Micron Technology jumped as much as 12.7 percent to $19.84 and was the...

  • *Analysts reckon Iran would take months to ramp up oil exports. Under the deal, sanctions imposed by the United States, European Union and United Nations are expected to be lifted in exchange for curbs on Iran's nuclear program. "Oil from Iran will take time to return, and will not be before next year, most likely the second half of 2016," said Amrita Sen, chief oil...

  • *JPMorgan profit beats estimates; Wells Fargo revenue misses. Twitter jumped as much as 8.5 percent to $38.82 after a report, purportedly from Bloomberg, that the company was made a $31 billion offer. Micron jumped as much as 12.4 percent and was the biggest gainer on the S&P 500. China's state-backed Tsinghua Unigroup Ltd is preparing a $23 billion bid for the U.S....

  • *Iran would take months to ramp up oil exports fully. NEW YORK, July 14- Oil prices steadied on Tuesday after Tehran and six global powers reached a landmark nuclear deal that left sanctions on Iran in place for now, continuing to limit its crude exports. "The market was short going into the Iran agreement but the bears did not get the selloff they were hoping, so we're...

  • Shark attacks? No problem for Carolina tourists Wednesday, 8 Jul 2015 | 4:02 PM ET
    People help a 68-year-old shark-bite victim on Ocracoke Island, N.C., July 1, 2015.

    Businesses in North and South Carolina aren't seeing a drop in tourists, despite the record number of shark attacks.

  • SAN FRANCISCO, July 7- Facebook Inc announced plans on Tuesday to build a new data center in Fort Worth, Texas, its fourth in the United States and fifth overall. The center will also be powered entirely by renewable energy, Tom Furlong, Facebook's vice president of infrastructure, wrote in a blog post. Facebook opened its first data center in Prineville, Oregon, in...

  • Facebook to build new data center in Forth Worth Tuesday, 7 Jul 2015 | 1:55 PM ET

    SAN FRANCISCO, July 7- Facebook Inc announced plans on Tuesday to build a new data center in Fort Worth, Texas, its fourth in the United States and fifth overall. The center will also be powered entirely by renewable energy, Tom Furlong, Facebook's vice president of infrastructure, wrote in a blog post. Facebook opened its first data center in Prineville, Oregon, in...

  • *First rise in U.S. oil rig count since December- Baker Hughes. *Some caution prevails over long July 4 weekend, Greece and Iran. Pulling crude futures off highs was the latest data on the U.S. oil rig count from Baker Hughes.

  • *Some caution prevails over long July 4 weekend, Greece and Iran. But with the Greek debt crisis unresolved and Iran nuclear talks pending, and Friday's U.S. The market is also expecting latest weekly estimate on the U.S. oil rig count from industry firm Baker Hughes at 1:00 p.m. EDT.

  • *WTI discount vs Brent hits $5 a barrel, biggest in 2 weeks. *Slide came on U.S. stockpile build, Greece and Iran fears. NEW YORK, July 1- U.S. crude prices fell 4 percent on Wednesday, posting their biggest daily drop since April after oil stockpiles in the United States rose for the first time in more than two months.

  • 6 ways states are luring small business Friday, 26 Jun 2015 | 7:00 AM ET
    With two of the nation's busiest airports and the bustling Houston Ship Channel, Texas’ infrastructure is in a class by itself.

    States are vying for small-business investment to spur job growth. But only locales offering a friendly start-up climate are winning out.

  • NEW YORK, June 25- Global stock markets and oil prices edged lower on Thursday on lingering worries over Greece, though a Supreme Court ruling upholding tax subsidies drove U.S. hospital stocks to record highs. A failure on Thursday to clinch a deal between Athens and its three creditor institutions- the International Monetary Fund, European Central Bank and...

  • NEW YORK, June 25- Crude oil slipped for a second straight day on Thursday, weighed by weaker U.S. refined fuels markets and potential negative impact from Greece's debt crisis on European energy demand. "I'm really looking for a breakout of the recent trading ranges to take new positions," said Tariq Zahir, an oil bear at Tyche Capital Advisors, an energy-focused...

  • NEW YORK, June 25- Crude oil slipped for a second straight day on Thursday, weighed by weaker U.S. refined fuels markets and potential negative impact from Greece's debt crisis on European energy demand. "I'm really looking for a breakout of the recent trading ranges to take new positions," said Tariq Zahir, an oil bear at Tyche Capital Advisors, an energy-focused...

  • CHICAGO, June 24- A merger between Dutch supermarket Ahold and Belgian rival Delhaize will be a boon for U.S. online grocer Peapod, an Ahold unit which will gain valuable resources to fend off rival Amazon.com and upstart competitors, according to retail industry consultants. Access to Delhaize's efficient and low-cost distribution centers in the east and its...

  • June 24- Cree Inc said it would reduce manufacturing capacity at its light-emitting diode factory, as it struggles with a decline in prices, and take an $85 million restructuring charge. The company said it now expects revenue of $375 million for the current quarter, down from the $420 million- $440 million it expected earlier. The company had recorded revenue of...