Top News & Analysis North Carolina

  • CHARLOTTE, N.C., Dec 16- The Federal Reserve will likely need to raise interest rates more than three times next year and faces challenges in gradually cooling off the U.S. economy, Richmond Fed President Jeffrey Lacker said on Friday. "If we get behind, it's hard to really calibrate," Lacker said during a panel discussion in Charlotte, North Carolina.

  • CHARLOTTE, N.C., Dec 16- The U.S. economy will likely receive some fiscal stimulus under the Trump administration, and a burst of demand could push the Federal Reserve to raise interest rates more quickly, Richmond Fed President Jeffrey Lacker said on Friday.

  • Dec 16- U.S. stock index futures were higher on Friday, with all three major indexes on track to post weekly gains and the Dow pushing towards the 20,000 mark. *The Fed sees three rate hikes next year instead of the two foreseen in September, partly as a result of the expected economic benefits under President-elect Donald Trump. *U.S. stocks have been on a tear since the...

  • WASHINGTON, Dec 15- DeVry University has agreed to pay $100 million to settle a U.S. Federal Trade Commission lawsuit accusing the for-profit school of misleading potential students with ads promoting job and salary success for graduates, the agency said on Thursday. Under the settlement, DeVry will forgive $50.6 million in debt owed by students for tuition...

  • Dec 15- For nearly two years, a killer stalked the patients of Providence Alaska Medical Center. It was a bacteria called Acinetobacter baumannii, a common cause of infections in hospitals. After a rash of mild cases in early 2011, doctors began seeing highly drug-resistant infections in patients, said Dr Megan Clancy, an infectious-disease specialist at the...

  • *Retail sales rise 0.1 percent in November. *Core retail sales increase 0.1 percent. WASHINGTON, Dec 14- U.S. retail sales barely rose in November and industrial production recorded its biggest drop in eight months, suggesting some loss of momentum in economic growth in the fourth quarter.

  • *Retail sales rise 0.1 percent in November. WASHINGTON, Dec 14- U.S. retail sales barely rose in November and industrial production recorded its biggest drop in eight months, suggesting some loss of momentum in economic growth in the fourth quarter. "Consumer spending remains the main engine of growth for the economy," said Harm Bandholz, chief U.S. economist at...

  • *Retail sales rise 0.1 percent in November. WASHINGTON, Dec 14- U.S. retail sales barely rose in November and industrial production recorded its biggest drop in eight months, suggesting some loss of momentum in economic growth in the fourth quarter. "Consumer spending remains the main engine of growth for the economy," said Harm Bandholz, chief U.S. economist at...

  • *Expected to open 120-150 stores on East Coast. BERLIN, Dec 13- German discounter Lidl, which has expanded rapidly in Europe to become one of the continent's biggest retailers, has started a recruitment drive in the United States anticipating a launch there in 2017 or 2018.. Lidl, which runs more than 10,000 stores in 27 countries in Europe, is expected to open its...

  • *Lidl expected to open 120-150 stores on East Coast. BERLIN, Dec 13- German discounter Lidl, which has expanded rapidly in Europe to become one of the continent's biggest retailers, has started a recruitment drive in the United States ahead of its expected launch in the country in 2017 or 2018.. Lidl, which runs more than 10,000 stores in 27 countries in Europe, is...

  • NEW YORK- Federal Reserve chair Janet Yellen holds a news conference- 1930 GMT. **HELSINKI- Bank of Finland Governor and European Central Bank council member Erkki Liikanen will speak at a news conference focused on the outlook of Finnish economy and the state of the country's public finances- 0900 GMT. FRANKFURT- European Central Bank governing council meeting.

  • FRANKFURT- European Central Bank governing council meeting. NEW YORK- Federal Reserve chair Janet Yellen holds a news conference- 1930 GMT. WASHINGTON- Federal Reserve Board holds open meeting to discuss a final rule establishing long-term debt and total loss-absorbing capacity requirements for global systemically important banking organizations- 1600...

  • Speaker includes- European Commission President Jean-Claude Juncker, European Parliament President Martin Schulz, Netherlands Finance Minister and Eurogroup President Jeroen Dijsselbloem and other officials- 0800 GMT. PARIS- French Finance Minister Michel Sapin and Italian Economy Minister Pier Carlo Padoan will speak about growth in Europe and the...

  • WELLINGTON- Reserve Bank of New Zealand Governor Graeme Wheeler delivers speech on "Some thoughts on New Zealand's Economic Expansion" at the South Island town of Greymouth. QUEBEC, Canada- Bank of Canada Governor Stephen Poloz, Canada Minister of Finance Bill Morneau and Minister of Status of Women Patty Hajdu to attend an event in Gatineau- 1400 GMT.

  • WELLINGTON- Reserve Bank of New Zealand Governor Graeme Wheeler delivers speech on "Some thoughts on New Zealand's Economic Expansion" at the South Island town of Greymouth. QUEBEC, Canada- Bank of Canada Governor Stephen Poloz, Canada Minister of Finance Bill Morneau and Minister of Status of Women Patty Hajdu to attend an event in Gatineau- 1400 GMT.

  • SAN FRANCISCO, Dec 7- Donald Trump's planned tax cuts and regulatory rollbacks will propel the world's biggest economy out of its slow-growth doldrums, economists sympathetic to the U.S. president-elect's policies say. They were among a group of 305 economists who signed a letter criticizing Hillary Clinton's economic policies ahead of the November...

  • The Commerce Department said on Tuesday the trade gap rose 17.8 percent, the largest increase since March 2015, to $42.6 billion. "This widening of the trade deficit at the start of the fourth quarter puts trade on track to subtract a little more than one percentage point from fourth-quarter GDP growth," said John Ryding, chief economist at RDQ Economics in New York.

  • Organized labor has "sort of lost its reason for being" because of the many laws in place to protect workers, said Representative Virginia Foxx, a 73- year-old Republican from North Carolina who will become chair of the U.S. Labor unions have already been wary about how they will fare under the incoming administration of President-elect Donald Trump, with...

  • Democrat Roy Cooper will be new North Carolina governor

    North Carolina's GOP governor Pat McCrory concedes a close race to Democratic challenger Roy Cooper. CNBC's Sue Herera reports.

  • SHANGHAI/ SHELTER ISLAND, New York, Dec 2- Thomas Benson once ran a small liberal arts college in Vermont. They recruited dozens of U.S. admissions officers to fly to China and meet in person with the companies' student clients, with the companies picking up most of the travel expenses. Among the schools that participated: Cornell University, the University of...