Highlights from the Fed’s latest survey of economic conditions across the countryWASHINGTON — Highlights from the Federal Reserve’s survey of economic conditions nationwide. The survey, released Wednesday and known as the Beige Book, is based on information collected from the Fed’s 12 regional bank districts. Bank of America names 4 outside directors to fill board vacanciesBOSTON — Bank of America Corp. on Friday named four outsiders to its embattled and newly expanded board of directors, after two others resigned from the board over the past week. NC husband accused of having man rape wife pleaded guilty in 2008 to indecent exposure in Va.CHARLOTTE, N.C. — A North Carolina man who police say arranged on Craigslist for his wife to be raped by another man pleaded guilty last year to indecent exposure in Virginia. NC man charged with rape after police say he used Craigslist to arrange attack on his wifeCHARLOTTE, N.C. — A man who police say arranged on Craigslist for his wife to be raped by another man was in jail on $200,000 bond Thursday and investigators were pursuing a “strong lead” as they searched for the attacker. AP Source: American International Group agrees to sell HQ, adjacent building in New YorkCHARLOTTE, N.C. — The embattled insurer American International Group Inc. is selling its headquarters building in New York and a nearby building in a deal expected to close at the end of this summer, a person familiar with the matter said Wednesday. NTSB: Regional airliner, small plane come within 10 feet of colliding on North Carolina runwayWASHINGTON — Federal safety officials said a regional airliner and a smaller plane came within 10 feet of colliding on an airport runway in Charlotte, N.C. Utility Duke Energy seeks 12.6 percent rate increase for North Carolina customersCHARLOTTE, N.C. — Utility company Duke Energy said Tuesday it will ask North Carolina regulators to increase customer rates by an average of 12.6 percent beginning Jan. 1 as it seeks to recover costs for pollution control equipment and new power lines and plants. Insurers continue to assess TARP, recapitalization options; Moody’s deems positive to ratingsCHARLOTTE, N.C. — Although some insurance companies have shied away from accepting bailout money from the government, Moody’s Investors Service said insurers would benefit from the funds. Dow Jones to replace Citigroup with former unit TravelersCHARLOTTE, N.C. — Seven years after being spun off by Citigroup Inc., Travelers Cos. is supplanting its former parent as a member of the Dow Jones industrial average. Hurricane insurance harder to get, costs up as 2009 storm season startsCHARLOTTE, N.C. — As the 2009 hurricane season arrives, many homeowners are finding insurance is either more expensive, or harder to get. Person familiar with results: NASCAR driver Mayfield used drug other than performance-enhancerCHARLOTTE, N.C. — A day after learning Jeremy Mayfield failed a drug test for something other than a performance-enhancer, NASCAR allowed him to drive a race car at Darlington Speedway at speeds up to 173 mph. He’s back: Phelps returns to racing in Charlotte 9 months after Olympic triumphCHARLOTTE, N.C. — Michael Phelps has arrived in North Carolina for his first meet since his record triumph at the Beijing Olympics. A budding rivalry: Peirsol ready to take on Phelps in 100 backstrokes _ all the way to LondonCHARLOTTE, N.C. — Aaron Peirsol can’t remember the last time he lost in a final of the 100-meter backstroke. After success in London, NFL considering playing 2 regular-season games overseasCHARLOTTE, N.C. — After seeing fans jam London’s Wembley Stadium to watch the NFL the past two years, the league is considering adding a second regular-season game overseas in time for the 2010 season. Insurer AIG sells Japan headquarters for $1.2 billion to Nippon Life Insurance Co.CHARLOTTE, N.C. — Embattled insurer American International Group Inc. said Monday it is selling its Japanese headquarters to Nippon Life Insurance Co. for $1.2 billion in cash. Bank of America quietly seeking help to find new directors after shareholder revoltCHARLOTTE, N.C. — Bank of America Corp. is looking for new directors following a shareholder revolt that stripped Chief Executive Ken Lewis of his chairman’s title, the bank said during a conference call Thursday discussing the government’s stress tests results. Insurer AIG willing to pay nearly $1.5 billion to retain, award employeesCHARLOTTE, N.C. — Embattled insurer American International Group Inc. said it has set aside and paid in part nearly $1.5 billion in retention and performance-related bonuses to its employees, a higher amount than previously disclosed. Bank of America CEO Lewis ‘comfortable’ with capital position; gov’t says needs $33.9B moreCHARLOTTE, N.C. — Bank of America’s CEO Ken Lewis says he is “comfortable” with his bank’s current capital position, despite the government saying it needs $33.9 billion more. Sonic Auto reports 1Q profit on cost savings, beats analyst estimatesCHARLOTTE, N.C. — Automotive retailer Sonic Automotive Inc. said profit tumbled 87 percent in the first quarter as new and used car sales fell and the company took an expense for debt restructuring. But the results still beat analysts’ expectations. Amid 4 bailouts and ahead of 1st-qtr results, questions remain on insurer AIG’s progressCHARLOTTE, N.C. — When American International Group Inc. releases its first-quarter earnings report Thursday, investors and taxpayers will be wondering if the insurer needs a fifth rescue from the federal government. Mark Martin will drive a full Cup schedule for Hendrick Motorsports in 2010CHARLOTTE, N.C. — Mark Martin doesn’t want to drive race cars forever. But as long as he can compete at the highest level, he can’t bring himself to walk away from NASCAR. Welcome back, Michael: Phelps’ 3-month suspension is over, so it’s time to get back in poolBALTIMORE — Michael Phelps heard all the jokes, dealt with all the criticism, read all the tabloid reports about his supposed party-boy lifestyle. Michael Phelps returns from 3-month suspension, ready to start racing againBALTIMORE — Michael Phelps’ three-month suspension from competition is now over and he marked the occasion like any other day: He woke up late and headed to the pool. Speaking exclusively with The Associated Press, Phelps said he didn’t even realize his suspension ended Tuesday. Coach Bob Bowman couldn’t resist making a joke, saying he planned to enter his star swimmer in a meet later that night. Duke Energy first-quarter profits fall 25 percent as recession reduces demand for powerCHARLOTTE, N.C. — Power generator Duke Energy says its first quarter earnings fell 25 percent as the deep recession cut demand for electricity among its industrial customers. The company also is citing damage from winter storms. Getting right back in the hunt, Sean O’Hair makes it pay off with win at Quail HollowCHARLOTTE, N.C. — Tiger Woods was the last person Sean O’Hair wanted to see. Sean O’Hair wins at Quail Hollow despite a bogey-bogey finishCHARLOTTE, N.C. — A narrow victory at Quail Hollow came with a large dose of redemption for Sean O’Hair. Despite a bogey-bogey finish, O’Hair a winner at Quail HollowCHARLOTTE, N.C. — Standing on the 18th tee, Sean O’Hair asked his caddie where he stood in the Quail Hollow Championship and got word that he had a one-shot lead. Tiger Woods falters late again, leaving Zach Johnson in lead at Quail Hollow after 3 roundsCHARLOTTE, N.C. — Tiger Woods dropped out of the lead with late bogeys for the second straight day, leaving former Masters champion Zach Johnson with a two-shot advantage Saturday heading into the final round of the Quail Hollow Championship. Tiger falters late again, leaving Johnson in the lead at Quail HollowCHARLOTTE, N.C. — Tiger Woods dropped out of the lead with late bogeys for the second straight day, leaving former Masters champion Zach Johnson with a two-shot advantage Saturday heading into the final round of the Quail Hollow Championship. Tiger’s late slip puts Watson, Goosen atop Quail Hollow leaderboardCHARLOTTE, N.C. — The birdie putt that put Tiger Woods in control at the Quail Hollow Championship was 55 feet up the slope on the ninth green, trucking so fast toward the hole that it slammed into the back of the cup and went airborne before dropping. |
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