Chairman’s son named to Capital Bank board

William Carter Keller of Sanford has been appointed to a seat on the board of both Raleigh-based Capital Bank (Nasdaq: CBKN) and the bank’s holding […]

Bank failure tally reaches 140

Banks in six U.S. states were closed Friday, bringing the total number of failed banks this year to 140, at a cost of over […]

Unemployment claims rise unexpectedly

The number of Americans filing for initial unemployment insurance rose last week, the government said Thursday. Analysts had expected a decline.
There were 480,000 initial […]

Daytona airport traffic up 12%

Passenger traffic at Daytona Beach International Airport was up 12 percent in November compared with the year-ago period.
Airport officials said the uptick reflects the first […]

Singapore Job Firings Slow, Vacancies Rise as Economy Improves

Singapore employers fired fewer workers last quarter than in the previous three months and increased payrolls and job openings as the economy exited its […]

Good news comes in threes for global economic recovery

WASHINGTON–Signs of a strengthening global recovery emerged Friday, with consumers boosting retail sales, companies restoring stockpiles and Chinese exports mounting a comeback.
The reports […]

Chinese export slump eases

SHANGHAI, China – China’s exports are making a comeback after a jarring slump threw millions out of work, a sign of improving global demand […]

Geist: Record industry faces liability over `infringement’

Chet Baker was a leading jazz musician in the 1950s, playing trumpet and providing vocals. Baker died in 1988, yet he is about to add […]

GM takes over CAMI

General Motors of Canada now owns CAMI Automotive and its major assembly plant in Ingersoll near London.
GM announced Friday that it had bought out the […]

National Bank net profits soar

MONTREAL–National Bank Financial Group saw its profits and revenue rise in the fourth quarter despite the recessionary economy.
The Montreal-based bank reported net income […]