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Top News & Analysis Charlotte

  • *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.

  • CHARLOTTE, N.C. _ Cato Corp. on Thursday reported a fiscal second-quarter loss of $881,000, after reporting a profit in the same period a year earlier. The Charlotte, North Carolina- based company said it had a loss of 3 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • WASHINGTON— In a story Aug. 4 about the government's July jobs report, The Associated Press referred erroneously to Aaron Sojourner, an economist at the University of Minnesota, as Andrew Sojourner. WASHINGTON— A drop in the unemployment rate to a 16- year low raises a tantalizing question about the job market: How much better can it get? Employers added 209,000...

  • 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...

  • NORWOOD, Ohio— Herbie Mays is 3 M proud, and it shows— in the 3 M shirt he wears; in the 3 M ring he earned after three decades at the company's plant in suburban Cincinnati; in the way he shows off a card from a 3 M supervisor, praising Mays as "a GREAT employee." Barely 10 miles from his ranch-style brick home in this blue-collar city, GE Aviation has been expanding— and hiring.

  • 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...

  • CHARLOTTE, N.C. _ Babcock& Wilcox Enterprises Inc. on Wednesday reported a loss of $151 million in its second quarter. On a per-share basis, the Charlotte, North Carolina- based company said it had a loss of $3.09. This story was generated by Automated Insights using data from Zacks Investment Research.

  • 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...

  • CHARLOTTE, N.C.— Allstate Insurance Co. announced on Wednesday plans to more than double its North Carolina workforce by expanding in the Charlotte area, investing more than $22 million and creating 2,250 new jobs by 2020.. Roy Cooper and leaders of the nation's largest publicly-traded personal insurance company were joined by local leaders in announcing...

  • CHARLOTTE, N.C. _ Coca-Cola Bottling Co. on Tuesday reported second-quarter earnings of $6.3 million. The Charlotte, North Carolina- based company said it had net income of 68 cents per share. The Coca-Cola bottler posted revenue of $1.17 billion in the period.

  • CHARLOTTE, N.C. _ Snyder's-Lance Inc. on Tuesday reported second-quarter net income of $4.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share. Three analysts surveyed by Zacks expected $566.9 million.

  • CHARLOTTE, N.C. _ Sealed Air Corp. on Tuesday reported second-quarter net income of $87.8 million. Sealed Air expects full-year earnings in the range of $1.75 to $1.80 per share, with revenue expected to be $4.3 billion. Sealed Air shares have declined slightly more than 3 percent since the beginning of the year, while the Standard& Poor's 500 index has risen 11...

  • The video game tournaments are known as esports and are a rapidly growing industry around the world, with industry reports saying they generated $500 million last year and soon could be a $1.5 billion industry. Associated Press. Caesars Entertainment was first in the nation to adopt skill-based slot machines to woo millennials in Atlantic City, but bailed on...

  • CHARLOTTE, N.C. _ Capitala Finance Corp. on Monday reported a second-quarter loss of $5.5 million, after reporting a profit in the same period a year earlier. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share. Four analysts surveyed by Zacks expected $15.1 million.

  • CHARLOTTE, N.C. _ Albemarle Corp. on Monday reported second-quarter net income of $103.3 million, after reporting a loss in the same period a year earlier. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share. Five analysts surveyed by Zacks expected $740.6 million.

  • 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...

  • *Tesla jumps on solid quarterly results. Aug 3- The S&P 500 and the Nasdaq fell on Thursday, weighed down by Amazon.com, Apple and other top-shelf technology stocks, while the Dow Jones Industrial rose marginally and was on track for a record high close. Silicon Valley electric carmaker Tesla jumped 6.50 percent reporting quarterly results above Wall Street's...