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July 22, 2017

RALEIGH — North Carolina's unemployment rate reached an 11-year low of 4.2 percent in June, a drop that one economist described as a mirage.

N.C. State University economics professor Mike Walden tells the Winston-Salem Journal the decrease is a mirage because it's partially attributable to…


Weekly requests for jobless aid fall to 233,000

July 21, 2017

WASHINGTON— Fewer Americans applied for jobless aid last week, as the number of people seeking benefits stayed near historic lows, pointing to a robust job market.

THE NUMBERS: Weekly unemployment applications fell by 15,000 to a seasonally-adjusted 233,000, the Labor Department said Thursday.…


British American Tobacco buys Reynolds

July 20, 2017

RALEIGH — The consolidation of Big Tobacco companies looking as much to nicotine replacements and e-cigarettes for revenues as traditional smokes continued Wednesday with what will become the world’s largest publicly traded tobacco company.

Shareholders approved British American Tobacco…


CSX delivers 15 percent improvement in second-quarter profit

July 19, 2017

OMAHA, Neb. — CSX Corp. delivered a 15 percent improvement in second-quarter profit as the railroad continues to restructure under its new CEO.

The Jacksonville, Florida-based company said Tuesday it earned $510 million net income, or 55 cents per share. That's up from $445 million, or 47…