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 revenueCHARLOTTE, 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 demandCHARLOTTE, 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 predictionCHARLOTTE, 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 salesCHARLOTTE, 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, outlookCHARLOTTE, 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 sumCHARLOTTE, 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 $1BCHARLOTTE, 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 $1BCHARLOTTE, 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 resultsCHARLOTTE, 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
Citigroup results hurt by failed loans, warns credit environment remains challengingCHARLOTTE, 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 questionCHARLOTTE, 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 dealCHARLOTTE, 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. Investors look to 3Q reports, forecasts to keep market momentum, find clues about recoveryCHARLOTTE, N.C. — With earnings reports arriving in earnest this week, investors are likely to get a boost in optimism or an unpleasant surprise. Insurers AIG, Hartford, Travelers look to cash in as Verisk Analytics IPO expected WednesdayCHARLOTTE, N.C. — Insurance data specialist Verisk Analytics Inc. shares are set to debut Wednesday, and a handful of insurance giants, including government-supported American International Group Inc., are looking to cash in their shares. |
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Bank of America loses $2.24B as loan losses rise
