Top News & Analysis North Carolina

  • 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...

  • WASHINGTON, Oct 18- New applications for U.S. unemployment benefits dropped last week and the number of Americans on jobless rolls fell back to levels last seen in 1973, suggesting a further tightening in labor market conditions. "The labor market is tight by any quantitative metric and companies are holding on to labor because of the difficulty of replacing...

  • 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...

  • WASHINGTON, Oct 18- New applications for U.S. unemployment benefits dropped last week and the number of Americans on jobless rolls fell back to levels last seen in 1973, suggesting a further tightening in labor market conditions. Initial claims for state unemployment benefits decreased 5,000 to a seasonally adjusted 210,000 for the week ended Oct. 13, the...

  • *Iran exports 1.33 mln bpd of crude in Oct. 1-14: Refinitiv. NEW YORK, Oct 16- Oil prices edged up in cautious trade on Tuesday as expectations of higher U.S. shale output and inventories vied with worries that crude supply from the Middle East could be disrupted by looming U.S. sanctions on Iran and growing tensions with top exporter Saudi Arabia.

  • *Iran exports 1.33 mln bpd of crude in Oct. 1-14- Refinitiv. NEW YORK, Oct 16- Oil prices edged up in cautious trade on Tuesday as expectations of higher U.S. shale output and inventories vied with worries that crude supply from the Middle East could be disrupted by looming U.S. sanctions on Iran and growing tensions with top exporter Saudi Arabia.

  • *Iran exports 1.33 mln bpd of crude in Oct. 1-14- Refinitiv. NEW YORK, Oct 16- Oil prices rose in cautious trade on Tuesday as expectations of higher U.S. shale output and inventories vied with worries that crude supply from the Middle East could be disrupted by looming U.S. sanctions on Iran and growing tensions with top producer Saudi Arabia. "The focus within the oil...

  • *Industrial production rises 0.3 percent in September. WASHINGTON, Oct 16- U.S. industrial production increased for a fourth straight month in September, boosted by gains in manufacturing and mining output, but momentum slowed sharply in the third quarter. "Companies need more workers than the economy has to give and this is going to lead to a slowdown in economic...

  • *Iran exports 1.33 mln bpd of crude in Oct. 1-14- Refinitiv. NEW YORK, Oct 16- Oil prices were little changed on Tuesday as concerns about tightening global supplies ahead of U.S. sanctions on Iran faced higher U.S. shale production and inventories. "The focus within the oil trade during the next couple of weeks is likely to be on Iran and Saudi Arabia," Jim Ritterbusch,...

  • *Industrial production rises 0.3 percent in September. WASHINGTON, Oct 16- U.S. industrial production increased for a fourth straight month in September, boosted by gains in manufacturing and mining output, but momentum slowed sharply in the third quarter. The Fed said industrial output in September had been held down "slightly" by Hurricane Florence, which...

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  • MEXICO BEACH, Fla., Oct 13- Search and rescue volunteers have located hundreds of people reported missing in the U.S. Crews heard cries for help and crowbarred into a mobile home crumpled by the storm in Panama City, freeing a mother and daughter, both diabetics who had been trapped in a closet without insulin for two days and were on the verge of diabetic shock,...

  • MEXICO BEACH, Fla., Oct 12- Searchers on Friday uncovered the first body in the rubble of the Florida town of Mexico Beach, which was nearly obliterated by Hurricane Michael, as the toll from the historic storm rose to at least 18 and was expected to climb further. "I've watched on television, thinking of what others have experienced, like in the Carolinas and Texas,"...

  • MEXICO BEACH, Fla., Oct 12- Searchers on Friday found the first body in the rubble of the Florida coastal town of Mexico Beach, which was nearly obliterated by Hurricane Michael, as the toll from the historic storm rose to at least 17 and was expected to rise. "I've watched on television, thinking of what others have experienced, like in the Carolinas and Texas," Mexico...

  • Searchers found one person dead in the rubble of Mexico Beach, said Joseph Zahralban, Miami's fire chief and the task force leader of a search and rescue unit. "I've watched on television, thinking of what others have experienced, like in the Carolinas and Texas," Mexico Beach Mayor Al Cathey told reporters. The number of fatalities is expected to rise further as...

  • MEXICO BEACH, Fla., Oct 12- Rescue crews confronted with shattered roads, fallen trees and miles of ruins struggled on Friday to get to Florida Panhandle communities hardest hit by Hurricane Michael, saying they expected the death toll of 14 to rise. None of the confirmed 14 fatalities were reported from the oceanfront communities, such as Mexico Beach, Port St. Joe...

  • MEXICO BEACH, Fla., Oct 12- Rescue crews worked their way through fallen trees and heaps of rubble on Friday in the Florida Panhandle towns hit the hardest by Hurricane Michael, looking for people trapped or killed by a storm blamed for at least 12 deaths. So far, counties along the affected northwest Florida coast have reported no deaths related to the storm.

  • PORT ST. JOE, Fla., Oct 12- Rescuers used heavy equipment and search dogs on Friday to look for people trapped or killed in the Florida Panhandle towns devastated by Hurricane Michael, amid expectations the death toll of 12 from the powerful storm will climb. So far, counties along the hard-hit northwest Florida coast have reported no deaths related to the storm.

  • PORT ST. JOE, Fla., Oct 12- Rescuers used heavy equipment to clear debris in the Florida Panhandle towns hit hardest by Hurricane Michael, searching for survivors amid expectations the death toll of 12 from the powerful storm likely will climb. Michael charged ashore on Wednesday near the small Florida Panhandle town of Mexico Beach as one of the most powerful...

  • US pastor Andrew Craig Brunson escorted by Turkish plain clothes police officers arrives at his house on July 25, 2018 in Izmir. 

    A Turkish court ruled on Friday to release U.S. pastor Andrew Brunson from house arrest, sentencing him to three years in jail but saying he will not spend any more time in custody because of time already served.