Top News & Analysis Charlotte

  • *Industrial, material shares suffer on China growth worries. NEW YORK, Nov 9- The S&P 500 fell steadily on Friday and deepened its losses as the day wore on with shares of large technology, industrial and material companies taking a hit after weak Chinese data and a slide in oil prices raised concerns about global growth. If oil prices are going to go lower that's...

  • Nov 9- The S&P 500 fell more than 1 percent on Friday, with shares of large technology, industrial and material companies taking a hit as weak Chinese data and a slide in oil prices raised concerns about global growth. "When you look overseas, there's not just concerns about a global slowdown, but a global recession that might be brewing," said Jerry Braakman, chief...

  • The company posted third-quarter net income of $129.7 million, or $1.20 per share, up from $118.7 million, or $1.06 per share, in the year-ago period. Excluding one-time items, Albemarle earned $1.31 per share, beating analyst forecasts using that measure of $1.25 per share, according to IBES data from Refinitiv. Albemarle confirmed its full-year 2018 forecast...

  • Nov 6- Fast-food chain Bojangles Inc is being taken private by investment firms Durational Capital Management LP and Jordan Co for $593.7 million, the latest deal in a sector that is struggling with high costs and increased competition. The fried chicken and biscuit chain runs 766 restaurants, largely in southeastern United States, and has reported declining...

  • *Industrials rise after Trump says China talks' move along'. Nov 1- U.S. stocks rose for a third straight day on Thursday, as industrials gained after President Donald Trump said trade talks with China were "moving along nicely," while optimism was boosted by healthy results, especially from chipmakers. "Anything positive on trade is definitely going to be a boost to...

  • NEW YORK, Oct 24- U.S. stocks tumbled again on Wednesday, confirming a correction for the Nasdaq and erasing the Dow and S&P 500' s gains for the year, as disappointing forecasts from chipmakers and weak home sales data fueled worries about economic and profit growth. PETER TUZ, PRESIDENT OF CHASE INVESTMENT COUNSEL IN CHARLOTTESVILLE, VIRGINIA.

  • NEW YORK, Oct 24- U.S. stocks tumbled again on Wednesday, confirming a correction for the Nasdaq and erasing the Dow and S&P 500' s gains for the year, as disappointing forecasts from chipmakers and weak home sales data fueled worries about economic and profit growth. MICHAEL PURVES, CHIEF GLOBAL STRATEGIST AT WEEDEN& CO. PETER JANKOVSKIS, CO-CHIEF INVESTMENT...

  • NEW YORK, Oct 24- U.S. stocks plunged again on Wednesday, confirming a correction for the Nasdaq and erasing the Dow and S&P 500' s gains for the year, as disappointing forecasts from chipmakers and weak home sales data fueled jitters about economic and profit growth. The Nasdaq closed down 12.4 percent from its Aug. 29 record closing high, falling 4.4 percent for the...

  • NEW YORK, Oct 24- Wall Street stock indexes tumbled on Wednesday as spooked investors ran for safety on global economic and political worries while U.S. Investors have been unnerved by a myriad of issues including some disappointing earnings reports, uncertainty over Brexit, Italy's budget spat with the European Commission, upcoming U.S. midterm...

  • Investors have been unnerved by a myriad of issues including some disappointing earnings reports, uncertainty over Brexit, Italy's budget spat with the European Commission, and pressure on Saudi Arabia over the killing of a prominent journalist. Today European growth numbers were definitely disappointing, "said Ryan Detrick, senior market strategist at...

  • Shares of the largest steel producer in the United States fell as much as 3.7 percent to $56.91, as a dip in steel shipments from the second quarter put investors on alert that the market may be oversupplied. "There appears to be too much inventory in the channel right now, and this has impacted mill orders and volumes in early fourth quarter, Longbow Research...

  • Oct 18- Steelmaker Nucor Corp fell just short of analysts' forecasts for profit in the third quarter, a one-off charge and concerns the U.S. market may have peaked offsetting gains from President Trump's tariffs on imported steel. The imposition of the tariffs on steel imports raised futures prices for U.S. hot-rolled coil steel from $660 a ton in January to $924...

  • Michael smashed into Florida's northwest coast near the small town of Mexico Beach on Wednesday with screeching 155 mile per hour winds, pushing a wall of seawater inland. Michael killed at least two people- a man who died when a tree toppled onto his house in Florida and a girl who died when debris fell into a home in Georgia, officials and local media said.

  • PANAMA CITY, Fla., Oct 11- Florida's Panhandle took stock on Thursday of the hammering destruction wrought by Hurricane Michael, with homes obliterated or reduced to rubble and power lines and trees ripped up by the third most powerful storm ever to strike the U.S. mainland. Michael, now weakened to a tropical storm as it doused Georgia and the Carolinas with...

  • SANTIAGO/ HOUSTON, Oct 8- Shares of Albemarle Corp fell as much as 2.3 percent on Monday following news that Chile's nuclear regulator has refused to increase the company's quota to sell lithium produced from its Salar de Atacama operation. The Chilean Nuclear Energy Commission rejected Albemarle's March request to "increase its quota to sell lithium...

  • Just this week, Inspire Brands Inc, owner of the Arby's, Buffalo Wild Wings and Rusty Taco chains, said it would buy Sonic Corp for $1.57 billion in cash, while sources told Reuters Papa John's International Inc, the world's third-largest pizza delivery company, has put itself up for sale. Bojangles shares rose 10 percent on the news to $15.35 in Friday afternoon...

  • LONDON- Bank of England Executive Director, Financial Stability Strategy and Risk, Alex Brazier, gives speech at Conference on Non-bank Financial Institutions and Financial Stability', Bank of England- 0800 GMT. LONDON Bank of England Deputy Governor, Markets and Banking Dave Ramsden gives speech at Society of Professional Economists Annual Conference,...

  • THOMASVILLE, N.C., Sept 26- In a town where a 30- feet tall chair is the chief landmark, and which is synonymous with a U.S. furniture industry decimated over the years by imports from China, many greet the possibility of tariffs on Chinese goods with a shrug. President Donald Trump is threatening to levy tariffs of up to 25 percent on $500 billion of goods imported from...

  • LONDON- Participation by ECB chief economist Peter Praet in opening keynote dialogue at FT Investment Management Summit Rebalancing Return and Risk Amid Global Recovery in London 0810 GMT. LONDON- Guest talk by ECB chief economist Peter Praet at an event organized by InTouch Capital Markets in London 1330 GMT. LONDON- Member of the Prudential Regulation...

  • NEW YORK, Sept 24- A reshuffling of Wall Street benchmark industry sectors that transferred high-flying FANG stocks like Facebook Inc and Google-parent Alphabet Inc out of the technology label may be a boon to some under-the-radar companies that used to compete with them for investor attention. Companies such as Cisco Systems Inc, Juniper Networks Inc, Xerox...