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Top News & Analysis South Carolina

  • WASHINGTON, Oct 5- The U.S. International Trade Commission found on Thursday that surging imports of large residential washing machines harmed domestic producers, a major step toward the imposition of broad duties or quotas on foreign-made Samsung- and LG-brand machines. The commission, voting 4-0 in favor of a finding that the large number of imports was...

  • That's especially so in the Senate, where the Budget Committee Thursday debated a plan that would permit $1.5 trillion in debt-financed tax cuts that contribute to annual deficits that never drop below $400 billion over the life of the plan. The plan, passed by a near party-line vote of 219-206, calls for more than $5 trillion in spending cuts over the coming...

  • *Raises average selling price forecast to $380,000- $385,000. Oct 3- Lennar Corp trumped estimates for quarterly profit and revenue on Tuesday as both home sales and prices charged by the United States' second largest homebuilder increased, pointing to solid underlying demand in the U.S. housing market. Despite being affected by the recent hurricanes, the...

  • Oct 3- Lennar Corp, the No.2 U.S. homebuilder, reported a higher-than-expected quarterly profit on Tuesday as it sold more homes at higher prices, underscoring the strength in demand for housing in the United States. "The strong margins and reiteration of hurricane impact will be considered a positive for the shares," MKM Partners analyst Megan McGrath wrote in a...

  • The homebuilder's affected communities in Texas, Florida, Georgia and South Carolina accounted for about 40 percent of annual homebuilding revenue, Lennar said last month. "Once we get past the short-term impact from the storms, there will be increased economic activity and an increased demand for new homes," Chief Executive Stuart Miller said.

  • WASHINGTON, Sept 29- The U.S. Department of Energy said on Friday it has offered an additional loan guarantee of up to $3.7 billion to companies building two nuclear reactors at the Vogtle plant in the state of Georgia. The conditional loan guarantees were in the amounts of $1.67 billion to Georgia Power Company, a subsidiary of Southern Co, $1.6 billion to...

  • Trade restrictions could really hurt the auto sector, in turn affecting growth in the U.S. South, says CEO of South Carolina Ports Authority Jim Newsome.

  • Sept 28- Washington state on Thursday sued OxyContin maker Purdue Pharma LP, becoming the latest state or local government to file a lawsuit seeking to hold pharmaceutical companies accountable for a national opioid addiction epidemic. Stamford, Connecticut- based Purdue said in a statement it was "deeply troubled" by the opioid crisis and that its U.S. Food and...

  • Sept 27- The U.S. Justice Department has brought new charges over a scheme that it says enabled Tenet Healthcare Corp to fraudulently bill state Medicaid programs for $400 million, according to an indictment made public on Wednesday. William Moore, the ex-chief executive of Atlanta Medical Center Inc, which had been operated by Tenet; and Edmundo Cota, the...

  • A successful deal would limit the financial hit to Japan's Toshiba Corp, the owner of Westinghouse. Buyout firm Cerberus Capital Management LP is in talks with U.S. nuclear power plant component provider BWX Technologies Inc about submitting a joint bid for Westinghouse, the sources said, cautioning that no offer was certain to materialize.

  • INDIANAPOLIS, Sept 27- President Donald Trump said on Wednesday an unnamed foreign leader told him at the United Nations last week that the country would soon announce plans to build or expand five automobile industry factories in the United States. "I just left the United Nations last week and I was told by one of the most powerful leaders of the world that they...

  • INDIANAPOLIS, Sept 27- President Donald Trump said on Wednesday a foreign leader told him at the United Nations last week that the country would soon announce plans to build or expand five automobile industry factories in the United States. "I just left the United Nations last week and I was told by one of the most powerful leaders of the world that they are going to...

  • Sen. Tim Scott, R-S.C.

    But the Senate's only black Republican says Americans should also ask themselves why the players are kneeling.

  • NEW YORK, Sept 26- Just days after Hurricane Harvey smacked Texas and hobbled a quarter of U.S. refining industry, the supply networks that fuel the nation's cars, trucks and airplanes began to fail. Consumers paid the price as gasoline spiked ahead of Harvey's arrival and jumped again after the storm as the extent of the disruption to Texas refiners became...

  • NEW YORK, Sept 26- Just days after Hurricane Harvey smacked Texas and hobbled a quarter of U.S. refining industry, the supply networks that fuel the nation's cars, trucks and airplanes began to fail. Consumers paid the price as gasoline spiked ahead of Harvey's arrival and jumped again after the storm as the extent of the disruption to Texas refiners became...

  • The company's shares were down 3.7 percent at $35.52 in light premarket trading on Monday. Horton, which mainly sells single-family homes, said it expected about $150 million of cash flow from operations, down from its previous forecast of about $300 million. Earlier this month, the No.2 U.S. homebuilder Lennar Corp said it expected hundreds of home deliveries...

  • ST. LOUIS, Sept 23- Protests in St. Louis over the acquittal of a white former policeman who killed a black man could impede the city's bid to attract Amazon.com' s second headquarters, academics and business executives said. "There is no good timing for something like this and it will have an impact," said Didi Caldwell, founding principal with Global Location...

  • WILMINGTON, Del., Sept 22- Employees of U.S. nuclear power firm Westinghouse Electric Co LLC, which is bankrupt and reeling from a failed reactor project, got a nasty surprise recently: in the eyes of the U.S. government's pension insurer, its retirement plan has a massive shortfall. By contrast, the Westinghouse Electric Co Pension Plan, which has about 9,700...

  • U.S. Navy crew members guide an F/A-18 Super Hornet fighter as it takes off from the deck of USS Aircraft Carrier Ronald Reagan.

    The trade dispute between Boeing and Canadian rival Bombardier is heating up — and Boeing will not back down.

  • DETROIT, Sept 21- U.S. automakers are facing mounting pressure amid slowing demand in the country, as automakers from Asia and Europe aggressively ramp up vehicle production in North America, including a new investment by Daimler AG. In the latest move, German automaker Daimler said on Thursday it will spend $1 billion to expand its Mercedes Benz operations near...