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South Carolina
NEW YORK, Oct 20- Investors awaiting the nomination of the next Federal Reserve chair are hoping whoever is nominated pursues the same monetary policy that has supported rising stock prices for the past nine years. Led by Janet Yellen since 2014, the Fed is about to allow its $4.5 trillion portfolio of securities to shrink, and in late 2015 it began raising...
WASHINGTON— Republicans must now shift their focus to enacting President Donald Trump's sweeping tax plan, a far heavier lift than the $4 trillion budget plan they've muscled through the Senate to lay the groundwork for the first tax overhaul in three decades. The Senate methodically worked through a pack of amendments, with Republicans rebuffing Democrats'...
PHILADELPHIA— A lead guitarist for the influential and Grammy-winning gospel group the Dixie Hummingbirds has died in Philadelphia. The Dixie Hummingbirds started as a quartet of students formed by James B. Davis in a Greenville, South Carolina, high school in 1928. The group relocated to Philadelphia in the 1940 s.
WASHINGTON, Oct 19- Whirlpool and GE Appliances asked a U.S. trade panel on Thursday to recommend 50 percent import duties on large residential washing machines to ensure that rivals LG and Samsung follow through on plans to shift washer production to the United States. This is our last chance to get it right, "Whirlpool attorney Jack Levy told the U.S....
CHARLESTON, S.C. _ Carolina Financial Corp. on Thursday reported third-quarter net income of $8 million. The holding company for CresCom Bank posted revenue of $30.8 million in the period. Carolina Financial shares have climbed 17 percent since the beginning of the year.
WASHINGTON— A bipartisan proposal to calm churning health insurance markets gained momentum Thursday when enough lawmakers rallied behind it to give it potentially unstoppable Senate support. That meant that combined with the dozen GOP sponsors there would be 60 votes for the plan, the number needed to overcome a filibuster, a delaying tactic meant to kill...
HARTSVILLE, S.C. _ Sonoco Products Co. on Thursday reported third-quarter profit of $72.8 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share. Five analysts surveyed by Zacks expected $1.27 billion.
ATLANTA— The National Rifle Association is offering insurance for people who shoot someone, stirring criticism from gun-control advocates who say it could foster more violence and give gun owners a false sense of security to shoot first and ask questions later. Carry Guard insurance was launched this past spring by the NRA. Rates range from $13.95 a month for...
Most of the top cities in America for economic opportunity are in the South, according to Yelp's recent study.
LEXINGTON, S.C. _ First Community Corp. on Wednesday reported third-quarter earnings of $1.9 million. The holding company for First Community Bank posted revenue of $10.3 million in the period. First Community shares have increased 20 percent since the beginning of the year.
COLUMBIA, S.C.— A state agency wants regulators to outline plans to give customers most of the money South Carolina Electric& Gas Co. expects in compensation for its failed nuclear reactor project. The State newspaper reported the Office of Regulatory Staff filed a request Tuesday with the Public Service Commission asking the panel to decide the best way for...
WASHINGTON— The Senate is moving ahead on a Republican budget plan, a critical step in President Donald Trump and the party's politically imperative drive to cut taxes and simplify the IRS code. Once the budget plan passes through the GOP- controlled Congress, the House and Senate can then advance a follow-up tax overhaul measure without fear of a filibuster by...
WASHINGTON, Oct 17- U.S. Senate Democrats vowed on Tuesday to fight a measure expected to be slipped into budget legislation that would open Alaska's Arctic National Wildlife Reserve to oil and gas drilling, saying it would destroy one of earth's remaining paradises. A plan passed by the Senate budget committee late last month contains a directive for the...
Oct 17- Utility regulators in Florida on Tuesday rejected Florida Power& Light's request to recover costs incurred after 2016 for two new nuclear reactors at the utility's Turkey Point power plant. FPL, a unit of Florida energy company NextEra Energy Inc, said it was still pursuing licenses to build the new reactors from the U.S. Nuclear Regulatory Commission.
WASHINGTON— The Senate is moving ahead on a Republican budget plan, a critical step in President Donald Trump and the party's politically imperative drive to cut taxes and simplify the IRS code. Once the budget plan passes through the GOP- controlled Congress, the House and Senate can then advance a follow-up tax overhaul measure without fear of a filibuster by...
COLUMBIA, S.C.— Securities regulators are investigating the failure of a nuclear reactor construction project in South Carolina, according to a release Tuesday from one of the plant's co-owners. In the notice issued to its investors, SCANA said it had been served with a subpoena and would "fully cooperate" with the probe by the U.S. Securities and Exchange...
OAKLAND, California, Oct 17- The two Honduran women told nearly identical stories to the immigration courts: Fear for their lives and for the lives of their children drove them to seek asylum in the United States. Unaware of each others plight, both fled with their children, making the dangerous trek across Mexico. Sandra Gutierrez joined her husband in California,...
WASHINGTON— A key moderate Republican is urging President Donald Trump to support a bipartisan Senate effort to reinstate insurer payments, calling his move to halt the subsidies an immediate threat to millions of Americans who could now face rising premiums and lost health care coverage. Susan Collins of Maine, who has cast pivotal votes on health care in the...
WASHINGTON— A key moderate Republican urged President Donald Trump on Sunday to back a bipartisan Senate effort to shield consumers from rising premiums after his abrupt decision to halt federal payments to insurers. Susan Collins of Maine, who has cast pivotal votes on health care in the narrowly divided Senate. Her comments reflected an increasing focus...
NEW YORK, Oct 13- U.S. stock sectors that are particularly dependent on economic growth recently grabbed hold of the markets rally and are poised to keep the reins should further signs of global expansion emerge. If its just a mean-reversion trade, then its probably going to last another few weeks and then were back to the old winners, said Walter Todd, chief...
