Top News & Analysis North Carolina

  • IZMIR, Turkey, Aug 18- When Andrew Brunson saw a police summons on his door in late summer 2016, the U.S. evangelical pastor thought it was a routine appointment to sort out his residency papers in Turkey, his home for nearly a quarter of a century. He is still in detention and is now at the centre of a diplomatic row that has fuelled Turkey's most serious currency...

  • IZMIR, Turkey, Aug 18- When Andrew Brunson saw a police summons on his door in late summer 2016, the U.S. evangelical pastor thought it was a routine appointment to sort out his residency papers in Turkey, his home for nearly a quarter of a century. He is still in detention and is now at the center of a diplomatic row that has fueled Turkey's most serious currency crisis...

  • IZMIR, Turkey, Aug 18- When Andrew Brunson saw a police summons on his door in late summer 2016, the U.S. evangelical pastor thought it was a routine appointment to sort out his residency papers in Turkey, his home for nearly a quarter of a century. He is still in detention and is now at the center of a diplomatic row that has fueled Turkey's most serious currency crisis...

  • IZMIR, Turkey, Aug 18- When Andrew Brunson saw a police summons on his door in late summer 2016, the U.S. evangelical pastor thought it was a routine appointment to sort out his residency papers in Turkey, his home for nearly a quarter of a century. He is still in detention and is now at the centre of a diplomatic row that has fuelled Turkey's most serious currency...

  • Both Moody's and Standard& Poor's ratings agencies cut Turkey's sovereign credit ratings deeper into "junk" territory late on Friday. On Friday, Turkey's battered lira weakened 3 percent after a Turkish court rejected an American pastor's appeal for release, drawing a stiff rebuke from President Donald Trump, who said the United States would not take the...

  • ISTANBUL, Aug 17- Turkey's battered lira weakened 3 percent on Friday after a Turkish court rejected an American pastor's appeal for release, drawing a stiff rebuke from President Donald Trump, who said the United States would not take the detention "sitting down". The case of Andrew Brunson, an evangelical Christian missionary from North Carolina who has lived...

  • ISTANBUL, Aug 17- Turkey's battered lira weakened 4 percent on Friday after a Turkish court rejected an American pastor's appeal for release, drawing a stiff rebuke from President Donald Trump, who said the United States would not take the detention "sitting down". The case of Andrew Brunson, an evangelical Christian missionary from North Carolina who has lived...

  • ISTANBUL, Aug 17- Turkey's battered lira weakened 4 percent on Friday after a Turkish court rejected an American pastor's appeal for release, drawing a stiff rebuke from President Donald Trump who said the United States would not take the detention "sitting down". The case of Andrew Brunson, an evangelical Christian missionary from North Carolina who has lived...

  • ISTANBUL, Aug 17- Turkey's battered lira weakened 5 percent on Friday after a Turkish court rejected an American pastor's appeal for release, drawing a stiff rebuke from President Donald Trump who said the United States would not take the detention "sitting down". The case of Andrew Brunson, an evangelical Christian missionary from North Carolina who has lived...

  • *S&P to release review of Turkey's debt rating. ISTANBUL, Aug 17- Turkey's battered lira weakened 5 percent on Friday after a Turkish court rejected a U.S. The lira crisis has deepened concerns about the broader economy- particularly Turkey's dependence on energy imports and whether foreign-currency debt levels pose a risk to the banking sector.

  • NEW YORK— Newspapers from Maine to Hawaii pushed back against President Donald Trump's attacks on "fake news" with a coordinated series of editorials in defense of a free press on Thursday— and, not surprisingly, Trump didn't take it silently. The campaign was set in motion by an editor at the Boston Globe, which argued in its own editorial that Trump's label of the...

  • *Dollar index at 13- month high, hits commodity prices. *Trade war fears resurface on Turkey, China moves. Aug 15- The three main U.S. stock indexes slid more than 1 percent on Wednesday in a broad decline over concerns about the strengthening dollar, Turkey's currency crisis and United States' trade relations with its partners.

  • ANKARA, Turkey— Turkey said Wednesday it is increasing tariffs on imports of certain U.S. products, including rice, cars, alcohol and coal— escalating a feud with the United States that has helped trigger a currency crisis. The tariffs come a day after President Recep Tayyip Erdogan said Turkey would boycott U.S. electronic goods, singling out iPhones.

  • DURHAM, N.C. _ Cree Inc. on Tuesday reported a loss of $33.3 million in its fiscal fourth quarter. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share. Four analysts surveyed by Zacks expected $401.8 million.

  • While VF's activity-based outdoor products business saw profit jump 15 percent in the year that ended in March, earnings from jeans slipped nearly 13 percent in the same period, as big outlets including Walmart Inc turned to their own denim brands. "has been the weak link in the portfolio," Jane Hali, head of investment research firm Jane Hali& Associates, said via...

  • Earnings from jeans slipped nearly 13 percent in the same period as big outlets including Walmart Inc increasingly stock their own denim brands. "has been the weak link in the portfolio," Jane Hali, CEO of investment research firm Jane Hali& Associates, said via email. The new VF will have annual revenue of more than $11 billion, compared to just over $2.5 billion for...

  • NEW YORK— The company that makes Wrangler and Lee jeans is breaking off its denim division to focus on its fast-growing outdoor and activewear business as Americans swap out jeans for yoga pants. VF Corp. said Monday the non-denim division would include its other well-known brands, The North Face and Timberland, Altra, Icebreaker and Williamson-Dickie.

  • Skateboarder favorite Vans has driven much of VF's growth in recent years while its jeans business has underperformed as large retailers including Walmart Inc promoted their own private labels instead. The new VF also holds onto Timberland and will have annual revenue of more than $11 billion, compared to just over $2.5 billion for the new jeans company.

  • Revenue from Vans shoes has driven much of Greensboro, North Carolina- based VF's growth in recent years, while its jeans business has underperformed as large retailers including Walmart increasingly stock their own private labels. The new VF, which will include brands like The North Face and Timberland, will have annual revenue of over $11 billion, while the...

  • Wrangler jeans

    VF Corp. said on Monday it would spin off its jeans business.