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Top News & Analysis North Carolina

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  • Carlisle beats 2Q profit forecasts Thursday, 23 Jul 2015 | 6:12 AM ET

    CHARLOTTE, N.C. _ Carlisle Cos. Inc. on Thursday reported second-quarter profit of $94.9 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Bank of America CFO steps down in shake-up Wednesday, 22 Jul 2015 | 7:24 PM ET

    NEW YORK— Bank of America's second-in-command is out of a job following a management shake-up announced late Wednesday. Bruce Thompson, Bank of America's chief financial officer for the last five-and-a-half years, will be stepping down, CEO Brian Moynihan announced. Smith will also be responsible for Bank of America Corp. passing the Federal Reserve's...

  • House approves bill to tweak coal ash standards Wednesday, 22 Jul 2015 | 6:54 PM ET

    David McKinley, R- W.Va., said it was needed because the EPA rule leaves open the possibility that coal ash could be designated as hazardous, creating uncertainty for industry. The White House said in its veto threat that the House bill would undermine public health and environmental protections provided by the EPA rule. The EPA rule "articulates clear and...

  • Unifi posts 4Q profit Wednesday, 22 Jul 2015 | 6:40 PM ET

    GREENSBORO, N.C. _ Unifi Inc. on Wednesday reported fiscal fourth-quarter net income of $15.6 million. On a per-share basis, the Greensboro, North Carolina- based company said it had net income of 83 cents. Unifi shares have climbed almost 9 percent since the beginning of the year.

  • RALEIGH, N.C.— A coalition of environmental groups is supporting Duke Energy's effort to dismiss part of long-running lawsuit over pollution leaking from the company's coal ash dumps. "It is good news that Duke Energy has now publicly committed to do the right thing at half of its coal plant sites in North Carolina. The seven plants that would be cleaned up under...

  • Prosecutors want guilty plea hearing for WVa exec in spill Wednesday, 22 Jul 2015 | 12:08 PM ET

    CHARLESTON, W.Va.— Federal prosecutors want a judge to schedule a guilty plea hearing for the top executive charged in a massive chemical spill that contaminated West Virginia's biggest drinking water supply last year. In federal court in Charleston on Wednesday, prosecutors asked Judge Thomas Johnston to set the hearing for former Freedom Industries...

  • WASHINGTON— Americans bought homes in June at the fastest rate in over eight years, pushing prices to record highs as buyer demand has eclipsed the availability of houses on the market. The National Association of Realtors said Wednesday that sales of existing homes climbed 3.2 percent last month to a seasonally adjusted annual rate of 5.49 million, the...

  • BNC posts 2Q profit Wednesday, 22 Jul 2015 | 8:57 AM ET

    HIGH POINT, N.C. _ BNC Bancorp on Wednesday reported second-quarter net income of $11 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • WASHINGTON— Hillary Rodham Clinton is pushing an agenda that takes on Wall Street, going after financial investors for focusing too heavily on their own immediate profits. Since her first presidential campaign in 2008, income inequality has become a bigger force in Democratic politics, with liberal voters clamoring for candidates who will take a sharply...

  • Hatteras Financial misses 2Q profit forecasts Tuesday, 21 Jul 2015 | 4:31 PM ET

    WINSTON-SALEM, N.C. _ Hatteras Financial Corp. on Tuesday reported second-quarter net income of $24.6 million, after reporting a loss in the same period a year earlier. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share. Hatteras Financial shares have declined almost 9 percent since the...

  • Sonic Automotive misses 2Q profit forecasts Monday, 20 Jul 2015 | 7:39 AM ET

    CHARLOTTE, N.C. _ Sonic Automotive Inc. on Monday reported second-quarter net income of $14.8 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share. Sonic Automotive shares have decreased slightly more than 8 percent since the beginning of the year.

  • Chattanooga death toll climbs as mourning grows Friday, 17 Jul 2015 | 1:55 PM ET
    Members of the FBI Evidence Response Team work the scene of a shooting in the parking lot of the Armed Forces Career Center/National Guard recruitment office on July 16, 2015 in Chattanooga, Tennessee.

    One by one, portraits of the Tennessee-based Marines shot by a gunman have emerged, The New York Times reports.

  • 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...