SPX, Thermax strike joint venture deal to market SPX products for coal-fired plants in IndiaCHARLOTTE, N.C. — Industrial equipment maker SPX Corp. and energy and environment management company Thermax Ltd. said Wednesday that they entered a joint venture to market SPX’s products to India’s power sector and selectively to Southeast Asia. AP Exclusive: Army report says lack of standards leads to inconsistent discipline for woundedFORT BRAGG, N.C. — Soldiers recovering in special Army medical units have faced inconsistent discipline because the military hasn’t adopted standards for how they and their commanders should act, according to a military review. Tropical Storm Danny: NHC Update
AP NewsBreak: NC terror suspect told feds that father sold weapons, bought ammunition in bulkRALEIGH, N.C. — A North Carolina man named as the ringleader of an aspiring terrorism group sold most of the weapons he purchased and wanted to make sure his children were familiar with guns, one of the sons told federal agents in a report released Tuesday. Duke Energy adds Forsgren and Reinsch to its board of directorsCHARLOTTE, N.C. — Duke Energy said Tuesday it added two members to its board of directors. Lowe’s to form joint venture with Woolworths in Australia to open home-improvement storesMOORESVILLE, N.C. — Lowe’s Cos. said Monday it is forming a joint venture with Australia’s largest retailer, Woolworths Ltd., to develop home-improvement stores. Longest-serving NC senator shoots intruder, cops say, in latest in string of odd happeningsTABOR CITY, N.C. — Most people know R.C. Soles as the state’s longest-serving senator. Over the past few years, however, he has been the central figure in a string of odd happenings, starting with former legal clients trespassing at his home and ending with him shooting one of them over the weekend, authorities say. Longest-serving NC senator shoots intruder, authorities say, latest in a string of incidentsTABOR CITY, N.C. — Most people know R.C. Soles as the state’s longest-serving senator, but over the past few years he has been involved in a string of odd happenings, starting with former legal clients trespassing at his home and ending with him shooting one of them over the weekend, authorities say. Bank of America defends $33M Merrill Lynch bonus settlementCHARLOTTE, N.C. — Bank of America Corp. on Monday defended the fairness of a proposed $33 million settlement it struck with federal regulators over executive bonuses paid out by Merrill Lynch, according to a federal court filing. State investigators in probe after longest serving NC lawmaker shoots intruder at homeTABOR CITY, N.C. — State investigators are looking into why North Carolina’s longest serving lawmaker shot an intruder at his home. Sheriff: Longtime NC senator shoots 1 of 2 intruders who kicked in door of his homeTABOR CITY, N.C. — A sheriff says North Carolina’s longest serving state lawmaker has shot one of two intruders who kicked in the front door of his home. Elizabeth Edwards opens furniture store near family’s home in North CarolinaCHAPEL HILL, N.C. — The wife of former North Carolina Sen. and presidential candidate John Edwards has opened a furniture store. Police: 6-year-old NC girl hit and killed by 83-year-old’s SUV after getting off school busRALEIGH, N.C. — A 6-year-old North Carolina girl has died after being hit by a sport utility vehicle driven by an 83-year-old woman. Army says 4 soldiers killed in helicopter crash on Colorado mountain during training missionDENVER — Four soldiers died after a Black Hawk helicopter crashed during a training mission on Colorado’s second-highest mountain, the Army’s Special Operations Command said Thursday. SunTrust shares advance after S&P Equity report raises target price on stockCHARLOTTE, N.C. — SunTrust Banks Inc. shares advanced Thursday after Standard & Poor’s Equity Research raised its target price on the company’s stock, despite predicting higher loan loss provisions. Guns, $14,000 cash, Sept. 11 newspaper reports among items taken from NC terror suspect’s homeRALEIGH, N.C. — Federal agents seized several rifles and other guns, $14,000 cash and newspaper clippings of the Sept. 11 attacks from a man accused of plotting international terrorism, according to a warrant unsealed Tuesday. PokerTek says ICP Electronics to buy sharesMATTHEWS, N.C. — PokerTek Inc., which makes automated poker tables, said Tuesday that supplier ICP Electronics Inc. would become a shareholder in the company. Barclays Capital analyst says sell insurer Chubb, buy TravelersCHARLOTTE, N.C. — A Barclays Capital analyst recommended investors sell insurer Chubb Corp. and buy Travelers Cos., based on potential future losses at Chubb. Fort Bragg paratroopers focus on police work as they deploy on mission to train Afghan copsFORT BRAGG, N.C. — For months, Capt. Michael Trujillo has prepared for the hardest mission of his Army career by studying a former New York prosecutor’s war against the mob. Scientists, regulators consider protection plan for massive stretch of deep-sea coral reefsFIFTY MILES OFF CAPE CANAVERAL, Fla. — Deep beneath the crystalline blue surface of the Atlantic Ocean off the southeastern U.S. lies a virtual rain forest of coral reefs so expansive the network is believed to be the world’s largest. Lowe’s shares plunge as 2Q net income falls 19 pct; chain to scale back expansion plansNEW YORK — No. 2 home-improvement retailer Lowe’s Cos. on Monday said second-quarter earnings fell 19 percent on weaker-than-expected sales, adding fresh fuel to doubts about the ability and willingness of consumers to lead the U.S. economy out of recession. Lowe’s Cos. 2nd-quarter net income falls 19 percent; chain to scale back expansion plansMOORESVILLE, N.C. — Lowe’s Cos. says poor weather and cautious consumer spending caused sales to fall below expectations and earnings to fall 19 percent in the second quarter. Lorillard Inc. increases quarterly dividend to $1GREENSBORO, N.C. — Lorillard Inc. said Friday it has increased its quarterly dividend 8.7 percent. BB&T to buy Colonial BancGroup branches, deposits in FDIC-backed deal, WSJ saysCHARLOTTE, N.C. — Shares of BB&T Corp. rallied Friday on reports it will buy deposits and branches of Colonial BancGroup Inc. in a deal backed by federal regulators to take the struggling lender into receivership. Movers roundup: Genworth shares fall on downgrade, analyst cuts rating for Barnes & NobleAmong the stock activity stories for Friday, Aug. 14, from AP Financial News: Genworth Financial stock slide after Citi downgrades due to recent run-up in sharesCHARLOTTE, N.C. — Shares of Genworth Financial Inc. slid Friday, after the insurer was downgraded by a Citi Investment Research analyst citing deteriorating fundamentals, including a recent run-up in the company’s share prices. Residents demand answers in NC city where 6 women have been killed and 3 others are missingROCKY MOUNT, N.C. — They spent their nights jumping in and out of strange cars, trolling otherwise empty streets lined with decaying storefronts and boarded-up homes. Many sold sex to support drug habits or children left in the care of worried, hardworking grandmothers. Ex US prez candidate Edwards to admit he fathered his mistress’ daughterNORTH CAROLINA - Former U.S. presidential candidate John Edwards will admit he is the father of his former campaign aide’s 18-month-old baby, a TV news station in North Carolina reports. Bank of America shares up after bank exec, US hedge fund Paulson & Co. buy sharesCHARLOTTE, N.C. — Shares of Bank of America shot up Thursday as a new executive at the bank, as well as a prominent hedge-fund manager, decided to place big bets on the company by buying up blocks of shares. Bank of America sues Colonial Bancgroup for $1 billion in loans, cashCHARLOTTE, N.C. — Bank of America Corp. is suing troubled Colonial Bancgroup Inc. for more than $1 billion in cash and loans, and asked a federal court to prevent Colonial from selling or otherwise disposing of the assets. |
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Satellite pictures indicate that the area of disturbed weather east of The Bahamas has developed a well-defined low level circulation - Tropical Storm Danny.
