Top News & Analysis North Carolina

  • WASHINGTON, Feb 14- U.S. consumer spending slowed further in January, with sales at clothing stores declining by the most since 2009, a trend that could raise concerns about the economy's ability to continue expanding at a moderate pace. They followed on the heels of Federal Reserve Chair Jerome Powell's remarks to lawmakers this week that the "economy is in a...

  • WASHINGTON, Feb 13- Federal Reserve board nominee Judy Shelton faced deep skepticism from Republicans and Democrats on the Senate Banking Committee on Thursday, as lawmakers challenged her independence from President Donald Trump and characterized her thinking as too far outside the mainstream to trust with the nation's economy. Over the course of the...

  • WASHINGTON, Feb 13- Federal Reserve board nominee Judy Shelton faced deep skepticism from Republicans and Democrats on the Senate Banking Committee on Thursday, as lawmakers challenged her independence from President Donald Trump and characterized her thinking as too far outside the mainstream to trust with the nation's economy. Over the course of the...

  • CHICAGO, Feb 13- American Airlines Group Inc said on Thursday it would launch its first direct U.S. flight to Bangalore from Seattle, a new route meant to meet corporate customers' demand for travel to the center of India's high-tech industry. Alaska Airlines is one of the biggest operators of flights along the West Coast, where businesses from Seattle to San Diego...

  • NASHUA, New Hampshire, Feb 13- Joe Biden's campaign held a victory party in a New Hampshire hotel ballroom on Tuesday evening. The back-to-back stumbles have created a difficult situation for Biden, who must perform well in upcoming contests in Nevada and South Carolina this month to show voters and donors that his candidacy remains viable.

  • WASHINGTON, Feb 7- U.S. job growth accelerated in January, with unseasonably mild temperatures boosting hiring in weather-sensitive sectors, indicating the economy will probably continue to grow moderately despite a deepening slump in business investment. The Labor Department's closely watched monthly employment report on Friday, however, showed the...

  • NEW YORK, Feb 5- Bernard Madoff is dying of kidney failure and has fewer than 18 months to live, and is seeking to end his 150- year prison sentence for masterminding what prosecutors have called the largest Ponzi scheme ever. Attorney Geoffrey Berman in Manhattan, whose office prosecuted Madoff, said that office will respond to the filing. Prosecutors said Madoff...

  • Financier Bernard Madoff leaves Manhattan Federal court March 10, 2009 in New York City.

    Bernie Madoff, the notorious Ponzi schemer, is serving a 150-year prison sentence. "I'm terminally ill," Madoff told The Washington Post.

  • Lawsuits on behalf of young consumers have targeted leading e-cigarette maker Juul Labs Inc. Altria, which holds a stake in Juul, said the number of cases pending against the e-cigarette maker has surged by more than 80% since October. The following is a summary of how the litigation is playing out across the United States:. A Connecticut man said in a lawsuit...

  • NEW YORK, Jan 29- Allen Lomax knows how retirement is supposed to go: By your golden years, you should have paid off your house, built up a big pot of savings, and be able to face the years ahead without fear. Decades ago, the 69- year-old from Sylva, North Carolina took out about $130,000 in federal loans for grad school. Now semi-retired and on Social Security, theres no way...

  • CHICAGO, Jan 29- Beyond Meat said on Wednesday it will supply plant-based "fried chicken" to several KFC stores in Tennessee and North Carolina, after a test conducted last year showed strong consumer demand. It will be available next month in dozens of stores in and around Nashville, Tennessee, and Charlotte, North Carolina. Louisville, Kentucky- based KFC has over...

  • *Core capital goods orders fall 0.9% in December. *Core capital goods shipments drop 0.4%. WASHINGTON, Jan 28- New orders for key U.S.-made capital goods dropped by the most in eight months in December and shipments were weak, suggesting business investment contracted further in the fourth quarter and remained a drag on economic growth.

  • Jan 22- Virginia Attorney General Mark Herring on Wednesday filed a brief in the Atlantic Coast natural gas pipeline case at the U.S. Supreme Court opposing construction of Dominion Energy Inc's $7.3- $7.8 billion project. In the Supreme Court case, Dominion and its partners, Duke Energy Corp and Southern Co, say the U.S. Forest Service was correct in issuing...

  • Jan 19- Brian Moynihan, the chief executive officer of Bank of America Corp, has said the bank could double its consumer market share in the United States despite fears about the power of the country's largest banking institutions. The reality is, you could double that, "Moynihan said https://on.ft.com/2NEtMda in an interview with the Financial Times, pointing...

  • Tennessee Gov. Bill Lee speaks during a Gospel Music Association ceremony in Nashville. He plans to sign an adoption bill that the LGBTQ community and many businesses say is discriminatory.

    Companies including Amazon, Nike, Warby Parker and Marriott express disappointment after Tennessee Gov. Lee's announcement he will sign an anti-LGBTQ adoption bill into law.

  • The agreement, meant to reduce tensions after nearly two years of a tit-for-tat tariff war, included a pledge by China to purchase at least an additional $12.5 billion worth of agricultural goods in 2020 and at least $19.5 billion over the 2017 level of $24 billion in 2021.. President Donald Trump's insistence on a big commitment to buy farm products was a major...

  • The agreement, meant to reduce tensions after nearly two years of a tit-for-tat tariff war, included a pledge by China to purchase at least an additional $12.5 billion worth of agricultural goods in 2020 and at least $19.5 billion over 2017 levels of $24 billion in 2021.. President Donald Trump's insistence on a big commitment to buy farm products was a major...

  • John Stumpf, who ran the San Francisco- based bank from 2007 to 2016, spoke publicly about being raised on a Minnesota farm with 10 siblings, and once recounted his own experience being upside down on a mortgage during the foreclosure crisis in 2010. Tim Sloan, who took over the reins as the bank's fake accounts scandal unraveled, once brought his family, including...

  • CNBC's "Marketing Media Money" explores how the Charlotte Regional Business Alliance uses sport as a passion point to market itself to the world. Janet La Bar and Carolina Panthers President Tom Glick explain why it's a win-win for both sides.

  • *Iraq military says two rockets fell in Baghdad. NEW YORK, Jan 8- U.S. stocks ended higher on Wednesday, but the day's uneven path showed investors' sensitivity to any signs of turmoil in the Middle East, with stocks rising on comments by President Donald Trump and paring gains on reports of blasts in Baghdad. Trump spoke at a White House briefing after Iran's missile...