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Top News & Analysis Charlotte

  • CHARLOTTE, N.C. _ Capital Bank Financial Corp. on Thursday reported third-quarter net income of $25.8 million. The bank, based in Charlotte, North Carolina, said it had earnings of 48 cents per share. Capital Bank shares have increased 5 percent since the beginning of the year.

  • FRANKFURT, Oct 19- Siemens may cut thousands of jobs as part of plans to overhaul its power turbine business, where growth in renewable energy is dampening demand for new coal and gas power stations, a person familiar with the matter said. Separately, Bloomberg cited sources as saying that Siemens also planned to restructure its Process Industries and Drives...

  • CHARLOTTE, N.C. _ Nucor Corp. on Thursday reported third-quarter earnings of $268.5 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share. Three analysts surveyed by Zacks expected $5.28 billion.

  • *Overhaul may results in thousands of job cuts- source. *Siemens still mulling various scenarios- source. FRANKFURT, Oct 19- Siemens is planning further cost cuts at its Power& Gas division that will likely result in thousands of job cuts, a person familiar with the matter told Reuters on Thursday.

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  • The report on Wednesday from the Commerce Department also showed a decline in building permits, raising concerns that the housing market recovery was stalling. "Residential construction should be a hefty drag on third-quarter GDP growth," said Michael Gregory, deputy chief economist at BMO Capital Markets in Toronto. Housing starts decreased 4.7 percent to a...

  • *Industrial production rises 0.3 percent in September. WASHINGTON, Oct 17- U.S. industrial production rebounded modestly in September as the lingering effects of Hurricanes Harvey and Irma hobbled activity at factories, but the outlook for the industrial sector remains bullish amid a strengthening global economy and weakening dollar.

  • OAKLAND, California, Oct 17- The two Honduran women told nearly identical stories to the immigration courts: Fear for their lives and for the lives of their children drove them to seek asylum in the United States. Unaware of each others plight, both fled with their children, making the dangerous trek across Mexico. Sandra Gutierrez joined her husband in California,...

  • Chief Executive Brian Moynihan's years-long effort to streamline the bank's sprawling operations and keep its costs in check are finally bearing fruit as the Federal Reserve raises borrowing costs. "On balance, Bank of America's results stack up better than those of peers," Instinet analyst Steven Chubak said. The Federal Reserve's three rate increases...

  • Chief Executive Brian Moynihan's years-long effort to streamline the United States' second-largest bank and keep its costs in check are finally bearing fruit as the Federal Reserve raises borrowing costs. But again margins improved and credit quality improved, " Stephen Biggar, Argus Research director of financial institutions research, said.

  • WASHINGTON, Oct 6- U.S. job growth probably slowed further in September as Hurricanes Harvey and Irma left displaced workers temporarily unemployed and delayed hiring, the latest indication that the storms undercut economic activity in the third quarter. According to a Reuters survey of economists, the Labor Department's closely watched employment report...

  • NEW YORK, Sept 29- The dollar was poised for its strongest week of the year on Friday, while world stock markets climbed back near record-high levels on the last trading day of the quarter. On Wall Street, the S&P 500 and Nasdaq minted all-time highs, while European stock markets also gained. The economic data we got was either on target or it was slightly...

  • *S&P, Dow notch gains for 8 straight quarters. Sept 29- The S&P 500 and the Nasdaq advanced to record levels on Friday, buoyed by gains in technology stocks, while each of the major indexes closed out the quarter with solid gains. "It really sums up kind of what we saw all month and all quarter, another calm day," said Ryan Detrick, senior market strategist at LPL Financial in...

  • ST. LOUIS, Sept 23- Protests in St. Louis over the acquittal of a white former policeman who killed a black man could impede the city's bid to attract Amazon.com' s second headquarters, academics and business executives said. "There is no good timing for something like this and it will have an impact," said Didi Caldwell, founding principal with Global Location...

  • SCOTTSDALE, Arizona, Sept 21- The X26 is in a class by itself. Yet Taser International says its capacity to stop suspects is second to none. Taser stopped selling the X26 in the United States and Canada in 2014, telling police customers its analog workhorse was approaching obsolescence.

  • WASHINGTON, Sept 5- New orders for U.S.-made goods recorded their biggest drop in nearly three years in July, but demand for capital goods was stronger than previously reported, pointing to a faster pace of business spending early in the third quarter. Factory goods orders tumbled 3.3 percent amid a slump in demand for transportation equipment, the Commerce...

  • Aug 29- Warren Buffett's Berkshire Hathaway Inc has become Bank of America Corp's largest shareholder by exercising its right to acquire 700 million shares at a steep discount, more than tripling an investment it made six years ago. Bank of America on Tuesday said Berkshire exercised warrants to acquire its shares for roughly $7.14 each, well below their...

  • CINCINNATI, Ohio, Aug 23- Officer Richard Haas says he never meant for Everette Howard to die. A top high-school grad staying on the University of Cincinnati campus for a college prep program, Howard, 18, had broken no laws that hot August night in 2011. Howard, shirtless, approached from behind with his dorm adviser, Ricky Pleasant, whod placed the 911 call.

  • *Estee Lauder rises after forecast beats estimates. Several business leaders have since resigned from his advisory councils and a White House official said plans for an infrastructure council had been dropped. Adding to the woes were a speculation of a possible departure of National Economic Council Director Gary Cohn, which was denied by the White House.

  • The letter, from the Rail Customer Coalition sent on Monday, is the latest challenge to CSX Chief Executive Hunter Harrison's effort to ramp up productivity at the Jacksonville, Florida- based railroad and fulfill investor expectations for substantially better financial performance. Senators John Thune of South Dakota and Bill Nelson from Florida, and...