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Archive for 'finance'

Stocks pare some losses but end lower

August 18, 2010

Stocks closed modestly lower Thursday but recouped earlier losses, as investors digested an unexpected rise in jobless claims and Cisco Systems’ cautious outlook.
The […]

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HealthSouth, BioCryst top local stocks Friday

July 31, 2010

HealthSouth and BioCryst Pharmaceuticals led local stocks Friday closing a steady day for most local publicly traded companies.
HealthSouth Corp. (NYSE: HLS) gained 56 cents or […]

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U.S. Steel narrows loss in 2Q

July 27, 2010

Downtown Pittsburgh-based integrated steel manufacturer United States Steel Corp. narrowed its losses in the second quarter and reported that sales more than doubled in the […]

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Cold cash boosts Progress Energy earnings

May 8, 2010

An exceptionally cold winter in the Carolinas and Florida helped to heat up Progress Energy’s first-quarter earnings, the Raleigh-based utility operator said Wednesday.
Progress (NYSE: PGN), […]

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Super Bowl advertisement for Doritos brings Raleigh studio $650,000

February 9, 2010

A Raleigh production studio is $650,000 richer Monday after a Doritos ad taped in Cary was ranked No. 2 among the best TV commercials aired […]

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Peabody to spend $70M on mine in Australia

February 1, 2010

Peabody Energy Corp., the world’s largest private-sector coal company, on Thursday said it will spend $70 million to expand its Metropolitan mine in New […]

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SolarWorld’s ’09 sales beat expectations

January 8, 2010

SolarWorld AG on Tuesday said its 2009 sales surpassed expectations, reaching nearly $1.5 billion.
The Germany solar panel manufacturer, which has a nearly 700,000-square-foot plant in […]

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India’s Exports Increase for First Time in 14 Months

January 4, 2010

India’s exports rose for the first time in 14 months as recovery in the global economy boosted year-end holiday demand for the South Asian […]

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AIG closes debt for equity deal with NY Fed

December 2, 2009

Insurance giant American International Group Inc (AIG) said on Tuesday it had closed two transactions that reduce its debt with the Federal Reserve Bank […]

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Ask the expert - Ken Kruse, president, Payne Family Homes

November 29, 2009

How can you evaluate the financial stability of a home builder?
At one time, the factors driving the home-building decision were location, construction quality […]

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