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Top News & Analysis Charlotte

  • *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...

  • Aug 10- The S&P 500 index was on track for its first daily drop of more than 1 percent in almost three months on Thursday as investors grew cautious over escalating tensions between the United States and North Korea. The loss of appetite for risk followed North Korea's claim it was completing plans to fire four intermediate-range missiles over Japan to land near...

  • President Donald Trump's "fire and fury" warning to North Korea. "It's amazing when you consider the headlines just how calm the equity markets are, how they've taken things in their stride," said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina. Investors had rushed to safe-haven assets after strongly worded exchanges between...

  • President Donald Trump's warning to North Korea and Pyongyang's threat of possible armed retaliation drove investors away from stocks and other risky assets on Wednesday and into textbook safe-havens like gold and Treasuries. Trump's remarks on Tuesday afternoon that North Korea would face "fire and fury like the world has never seen" weighed on Wall...

  • President Donald Trump's "fire and fury" warning to North Korea. "It's amazing when you consider the headlines just how calm the equity markets are, how they've taken things in their stride," said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina. Investors had rushed to safe-haven assets after strongly worded exchanges between...

  • NEW YORK, Aug 7- A Wells Fargo Bank joint venture that provides credit card processing services to merchants across the country has been hit with a lawsuit accusing it of using misleading sales tactics and overbilling for its services. Wells Fargo Merchant Services, a joint venture between Wells Fargo Bank and payment processor First Data Corp, helps process...

  • *Nonfarm payrolls forecast increasing 183,000 in July. WASHINGTON, Aug 4- U.S. employers likely maintained a strong pace of hiring in July while raising wages for workers, signs of labor market tightness that could clear the way for the Federal Reserve to announce next month a plan to start shrinking its massive bond portfolio. According to a Reuters survey of...