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Top News & Analysis South Carolina

  • *Seeking second extension for Q3 results until April 11. TOKYO, March 14- Japan's Toshiba Corp said it has asked regulators to extend its Tuesday deadline for official third-quarter earnings for a month, as its expands a probe into problems at its U.S. nuclear unit Westinghouse. It now needs to check whether any pressure was exerted in preceding quarters as it...

  • NEW YORK, March 13- Investors are seeking shelter in shares of U.S. medical device and supply companies, encouraged by their solid growth prospects and wary that U.S. "They are putting up good numbers from a growth perspective and they seem like they're in a little cocoon from the political drug pricing debate," said Walter Todd, chief investment officer of...

  • FRANKFURT, March 13- Bosses of German companies including engineering group Siemens and carmaker BMW will travel with Chancellor Angela Merkel to meet U.S. Trains-to-turbines group Siemens employs more than 50,000 people in the United States, its single biggest market, where it makes 21 percent of its total revenue, while BMW's South Carolina plant is its...

  • FRANKFURT, March 13- Bosses of German companies including engineering group Siemens and carmaker BMW will travel with Chancellor Angela Merkel to meet U.S. Trains-to-turbines group Siemens employs more than 50,000 people in the United States, its single biggest market, where it makes 21 percent of its total revenue, while BMW's South Carolina plant is its...

  • TOKYO, March 13- Japan's Toshiba Corp is seeking to extend its Tuesday deadline for submitting official third-quarter earnings due to disagreements with auditors over issues at its U.S. nuclear unit Westinghouse, sources familiar with the matter said. It has flagged a $6.3 billion writedown for the nuclear unit in preliminary estimates.

  • Things are not looking good for Westinghouse

    Westinghouse Electric is bringing bankruptcy attorneys.

  • March 8- Westinghouse Electric Co LLC, the U.S. nuclear power plant developer owned by troubled Japanese electronics giant Toshiba Corp, has brought in bankruptcy attorneys from law firm Weil Gotshal& Manges LLP, people familiar with the matter said on Wednesday. A Westinghouse spokeswoman declined to comment on Weil's role, but said that Westinghouse has...

  • "We are going to propose to reduce foreign aid and we are going to propose to spend that money here," White House Office of Management Budget director Mick Mulvaney told Fox News on Saturday, adding the proposed cuts would include "fairly dramatic reductions in foreign aid." The United States spends just over $50 billion annually on the State Department and USAID,...

  • WASHINGTON, Feb 28- The White House and Congress lacked agreement on a plan to repeal and replace Obamacare on Tuesday amid signs of growing Republican division on the issue, as President Donald Trump prepared to address lawmakers about his 2017 agenda. Republicans, who control the White House and Congress, are in agreement in their opposition to former...

  • WASHINGTON, Feb 28- A Republican effort to repeal and replace Obamacare encountered resistance on Tuesday from party conservatives who said draft legislation emerging in the U.S. House of Representatives would not reduce the cost of healthcare. On Tuesday, he told reporters that the White House, Senate and House were working on a single plan to repeal and...

  • DETROIT, Feb 27- Japan's Takata Corp on Monday removed a major obstacle to its potential sale or restructuring, pleading guilty in a U.S. federal court to a felony charge as part of a $1 billion settlement that included compensation funds for automakers and victims of its faulty airbag inflators. U.S. District Court Judge George Steeh approved the previously...

  • DETROIT, Feb 27- Japan's Takata Corp on Monday pleaded guilty to a felony charge as part of an expected $1 billion deal with the U.S. Justice Department that includes compensation funds for automakers and victims of its faulty airbag inflators. Lawyers for U.S. vehicle owners have sued Honda Motor Co, Nissan Motor Co, BMW AG, Ford Motor Co, Mazda Motor Corp, and other...

  • Wal-Mart launched the price test across 11 Midwest and Southeastern states such as Iowa, Illinois and Florida, focusing on price competition in the grocery business that accounts for 56 percent of the company's revenue, said vendor sources with direct knowledge of the matter who did not wish to be identified for fear of disrupting business relations with...

  • Although there is little movement on Capitol Hill to make Trump's infrastructure vow a reality, governors have sent the White House a list of 428 projects they say are ready to go with some extra federal spending. Democratic California Governor Jerry Brown has asked for $120 billion, saying that since the state made up 12 percent of the U.S. economy it deserves 12...

  • 70% of BMW's are exported in South Carolina

    The port of Charleston exports 70% of the BMW's built in the U.S.

  • South Carolina's $2.3B port expansion plan

    CNBC's Phil LeBeau reporting from Charleston and weighing in on President Donald Trump pushing for fewer imports and more exports.

  • NEW YORK, Feb 22- The S&P 500 ended modestly weaker on Wednesday, holding losses after minutes from the Federal Reserve's last meeting kept alive a potential near-term interest rate hike, while DuPont shares helped the Dow close at an all-time high for a ninth straight session. The major U.S. indexes are trading around record highs, driven up since President...

  • Feb 22- U.S. stocks were modestly weaker on Wednesday after the release of minutes from the Federal Reserve's latest meeting showed many of the central bank's policymakers said it may be appropriate to raise interest rates again "fairly soon." The major U.S. indexes are trading around record highs, driven up since President Donald Trump's Nov 8 election by the...

  • Dozens of protesters who participated in the 'Day Without Immigrants' actions last week were fired on Friday.

  • NORTH CHARLESTON, S.C., Feb 17- President Donald Trump promised to boost U.S. manufacturing and punish companies for moving jobs overseas during a visit on Friday to a South Carolina Boeing Co plant to celebrate the unveiling of its latest Dreamliner jet. Trump repeated his campaign threat that any company that lays off American workers to move to another...