NC authorities charge woman with selling moonshine out of her day care center

NC woman accused of selling moonshine at day care

Bank of America’s board meeting to discuss replacement for CEO Lewis

BofA board meets, new CEO decision looms

CHARLOTTE, N.C. — Bank of America’s board is meeting Tuesday to discuss potential replacements for CEO Ken Lewis who has said he plans to leave by the end of the year.

Duke reaches agreement to increase rates by 5.2 percent in South Carolina

Duke strikes deal to increase S. Carolina rates

Duke Energy Carolinas files proposed settlement seeking rate hike in South Carolina

Duke Energy Carolinas seeks rate hike in SC

Women’s clothing retailer Cato Corp. says 3rd-qtr profit more than triples on higher sales

Cato 3Q profit more than triples as sales rise

Goodrich selected by Korean airline for 777 landing gear maintenance

Korean airline picks Goodrich for landing gears

Bank of America still in need of new CEO as Ken Lewis’ retirement date approaches

Bank of America CEO search still looms

CHARLOTTE, N.C. — With Bank of America Corp. CEO Ken Lewis retiring in less than seven weeks, analysts don’t see any candidate emerging as a front-runner for his successor.

Bank of America CEO Lewis says economic recovery very fragile, industry remains under pressure

BofA CEO says financial industry recovery slow

Bank of America loans $184 billion in third quarter; $759 billion in credit extended in 2009

BofA extends $184B credit in third quarter

Wall Street looking to the consumer to drive economic growth

Investors look to consumer for clues to recovery

Regulators shut banks in 5 states; marks 120 US bank failures this year

Banks in Ga., Mich., Minn., Mo., Calif. closed

Regulators shut small banks in 4 states; marks 119 US bank failures this year

Small banks in Ga., Mich., Minn., Mo. closed

BofA’s Moynihan says credit environment remains difficult as unemployment expected to rise

BofA says credit environment remains difficult

Voters narrowly choose Democrat as mayor of Charlotte, North Carolina’s largest city

Voters in NC’s largest city elect Democratic mayor

Duke Energy says profit falls on write-downs, electricity sales still hurt by recession

Duke Energy posts lower profit on write-downs

Power company Duke Energy awarded $204M for ’smart’ grid technology

Duke receives $204M for ’smart’ grid technology

Sonic Automotive posts 3rd-quarter profit as drop in costs offset lower sales

Sonic Automotive swings to 3Q profit

CHARLOTTE, N.C. — Automotive retailer Sonic Automotive Inc. said Tuesday it posted a $15.6 million third-quarter profit, as lower costs offset a drop in sales.

Spartan Motors posts 95 percent plunge in 3rd-quarter profit amid sharp drop in revenue

CHARLOTTE, Mich. — Spartan Motors Inc., which makes vehicle chassis for fire trucks, RVs and other vehicles, said Thursday its third-quarter income plunged 95 percent as sales tumbled following the conclusion of a large defense contract.

Nucor reports 3rd consecutive quarterly loss on higher material costs, slumping demand

CHARLOTTE, N.C. — Nucor Corp., the largest U.S. steel maker by production, on Thursday reported its third quarterly loss in a row, hurt by higher material costs and weak demand for the metal.

Goodrich lowers 2009 sales forecast, backs profit prediction

CHARLOTTE, N.C. — Aerospace supplier Goodrich Corp. on Thursday backed its 2009 profit prediction, but cut its sales forecast.

Goodrich posts 14 percent drop in 3rd-quarter profit as poor economy depresses sales

CHARLOTTE, N.C. — Aerospace supplier Goodrich Corp. said Thursday its third-quarter profit fell 14 percent, as weak economic conditions continued to depress its sales.

Travelers 3rd-qtr profit jumps on lower catastrophe costs; insurer raises dividend, outlook

CHARLOTTE, N.C. — Travelers Cos. said Thursday that lower losses related to severe weather and a rebound in its investment portfolio contributed to a jump in the insurer’s profit for the third-quarter.

Bank of America agrees to sell First Republic Bank to group of investors for undisclosed sum

CHARLOTTE, N.C. — Bank of America Corp. said Wednesday it has agreed to sell First Republic Bank, a private bank it inherited from Merrill Lynch & Co., to a group of investors.

Report: Bank of America agrees to sell First Republic Bank to group for more than $1B

CHARLOTTE, N.C. — Bank of America Corp. has agreed to sell First Republic Bank, a private bank it inherited from Merrill Lynch & Co., to a group of investors for more than $1 billion, according to a report Wednesday by The Wall Street Journal.

Report: Bank of America sells First Republic Bank to private-equity group for more than $1B

CHARLOTTE, N.C. — Bank of America Corp. has reportedly sold First Republic Bank, a private bank it inherited from Merrill Lynch & Co., to a group of investors for more than $1 billion.

Good weather, stock markets boost prospects for insurers’ 3rd-quarter earnings results

CHARLOTTE, N.C. — If the stock market and weather are any indication, third-quarter earnings reports from insurers will look a lot better than they did a year ago.

Bank of America loses $2.24B as loan losses rise; warns credit environment still difficult

a5Bank of America loses $2.24B as loan losses rise

Citigroup results hurt by failed loans, warns credit environment remains challenging

CHARLOTTE, N.C. — Citigroup provided a sobering reminder Thursday that the economy is still struggling, reporting that its third-quarter results were weighed down by billions of dollars in failed loans.

Citigroup Inc. to release third quarter results; loan losses, restructuring in question

CHARLOTTE, N.C. — Citigroup Inc. reports results for its third quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period.

BofA waives attorney-client privilege; to provide regulators with more details on Merrill deal

CHARLOTTE, N.C. — Bank of America Corp., giving up a months-long fight with regulators, plans to turn over documents revealing legal advice it received on its purchase of Merrill Lynch.

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