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  • Alpha laying off nearly 900 at West Virginia mines Monday, 25 Jan 2016 | 5:37 PM ET

    CHARLESTON, W.Va.— Bankrupt coal producer Alpha Natural Resources announced Monday it plans to lay off 831 miners and dozens more support staff at eight underground mines and two processing plants in southern West Virginia as a result of the industry's downturn. The announcement includes 468 miners and 40 support staff at five underground mines at Marfork...

  • Correction: Big Snowstorm-Airlines story Monday, 25 Jan 2016 | 11:52 AM ET

    In a story Jan. 24 about airports returning to service after a blizzard hit the East Coast, The Associated Press, relying on information from Delta Air Lines, erroneously reported that Delta's first flight out of John F. Kennedy International Airport after the blizzard was to Santiago, Chile. Airports in Washington, New York City and Baltimore were slowly...

  • Peoples Bancorp of North Carolina posts 4Q profit Monday, 25 Jan 2016 | 10:25 AM ET

    NEWTON, N.C. _ Peoples Bancorp of North Carolina Inc. on Monday reported fourth-quarter net income of $2.2 million. Peoples Bancorp of North Carolina shares have declined almost 2 percent since the beginning of the year. Keywords: Peoples Bancorp of North Carolina, Earnings Report.

  • BNC posts 4Q profit Monday, 25 Jan 2016 | 8:49 AM ET

    HIGH POINT, N.C. _ BNC Bancorp on Monday reported fourth-quarter net income of $12.7 million. The bank, based in High Point, North Carolina, said it had earnings of 32 cents per share. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 39 cents per share.

  • LOS ANGELES— Hilton is launching a new hotel brand, focusing on budget travelers looking to spend $90 to $100 a night. The new brand, named Tru, aims to compete with economy and midscale chains like Comfort Inn, Fairfield Inn and La Quinta. Hilton Worldwide— which has more than 4,500 hotels globally— already has "limited service" brands like Hilton Garden Inn, Hampton...

  • NEW YORK/ WASHINGTON, Jan 23- A blizzard that has paralyzed much of the U.S. East Coast intensified on Saturday, bringing Washington to a standstill and forcing the closure of roads, bridges and tunnels into New York until Sunday morning. It ranked No. 3 in terms of snowfall accumulation in New York City history with at least 25.1 inches, and was among Washington's...

  • NEW YORK/ WASHINGTON, Jan 23- A blizzard that has paralyzed much of the U.S. East Coast intensified on Saturday, bringing Washington to a standstill and forcing the closure of roads, bridges and tunnels into New York until Sunday morning. At least 13 people have been killed in weather-related car crashes in Arkansas, North Carolina, Kentucky, Ohio, Tennessee and...

  • NEW YORK/ WASHINGTON, Jan 23- A blizzard that has paralyzed much of the U.S. East Coast intensified on Saturday, bringing the nation's capital to a standstill and forcing the closure of roads, bridges and tunnels into New York, the largest city in the country. At least 13 people have been killed in weather-related car crashes in Arkansas, North Carolina, Kentucky, Ohio,...

  • NEW YORK/ WASHINGTON, Jan 23- A monster blizzard that has paralyzed much of the U.S. East Coast intensified on Saturday as it barreled into New York City, forcing the closure of all bridges and tunnels into the largest U.S. city and prompting a travel ban on area highways. At least 13 people have been killed in weather-related car crashes in Arkansas, North Carolina,...

  • *Record tides cause major flooding in New Jersey, Delaware. NEW YORK/ WASHINGTON, Jan 23- A monster blizzard that has paralyzed the U.S. East Coast intensified on Saturday afternoon as it barreled into New York City, prompting a travel ban on area highways as high winds whipped up record-setting tides in New Jersey and Delaware. New York Governor Andrew Cuomo...

  • BOISE, Jan 21- Naghmeh Abedini is looking forward to reuniting next week with her husband, Saeed, the Iranian-American pastor freed on Saturday after more than three years in an Iranian prison. Saeed Abedini was traveling to Asheville, North Carolina on Thursday and could not be reached for comment. Suzan Johnson Cook, Ambassador-at-Large for International...

  • *Fourth-qtr EPS $0.29 vs. est. Bank of America said on Tuesday its provision for credit losses in global banking increased by $264 million in the quarter ended Dec. 31, mainly due to higher energy-related charge-offs and reserve increases for energy exposure. The bank has $21.3 billion in energy-related loans, representing about 2 percent of total loans, Chief...

  • Reflecting this, Bank of America's provision for credit losses in global banking increased by $264 million in the quarter ended Dec. 31, mainly due to higher energy-related charge-offs and reserve increases for energy exposure. BofA said its net income attributable to common shareholders rose to $3.01 billion, or 28 cents per share, in the quarter, from $2.74...

  • BofA, the No. 2 U.S. bank by assets, said its net income attributable to common shareholders rose to $3.01 billion, or 28 cents per share, in the three months ended Dec. 31, from $2.74 billion, or 25 cents per share, a year earlier. BofA, whose shares were up 1.6 percent in premarket trading, has been hit by high legal costs since the financial crisis, undermining many of the...

  • CHICAGO, Jan 15- Two cargoes of Argentine wheat were scheduled to arrive at port in Wilmington, North Carolina, shipping data showed on Friday, indicating a rare situation where U.S. buyers actually find it cheaper to purchase imported grain than abundant domestic supplies. Argentina's wheat prices tumbled last month after the country devalued its peso and...

  • WASHINGTON, Jan 14- The number of Americans filing for unemployment benefits unexpectedly rose last week, but remained at levels associated with a healthy labor market. Initial claims for state unemployment benefits increased 7,000 to a seasonally adjusted 284,000 for the week ended Jan. 9, the Labor Department said. "Claims are still low from a historical...

  • Jan 13- Millennnials in the West of the United States showed the strongest support for President Barack Obama's final State of the Union address, according to data provided by Yik Yak, a location-based mobile app that is popular with young people. An analysis of Yik Yak posts that specifically discussed Tuesday's speech, showed that 47 percent of millennials--...

  • Senator and Democratic Vice-Presidential candidate John Edwards. Edwards, who was a trial lawyer in North Carolina before his political career was felled by a sex scandal, sent a letter to U.S. District Judge Charles Breyer of San Francisco last Friday, asking to be appointed to the powerful plaintiffs' steering committee.

  • CHICAGO, Jan 11- Smithfield Foods Inc, the world's largest pork processor and hog producer, is dealing with a technology issue at the company's data center that has affected hog production at a number of facilities, a company spokeswoman told Reuters in an email on Monday. Once the issue has been resolved, we hope to mitigate production losses through running...

  • SAN FRANCISCO, Jan 11- Transportation technology company TransLoc announced on Monday a partnership with Uber, marking a significant advancement in the ride-hailing company's effort to ally itself with public transit agencies. San Francisco- based Uber's app allows passengers to order on-demand rides from their smartphones. "Such partnerships will...