In 9 states, about 20 percent of people can’t find jobs

WASHINGTON — President Barack Obama said in his State of the Union speech Wednesday that "1 in 10 Americans still cannot find work." But […]

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Microsoft earnings jump 60%

Microsoft Corp. said Thursday that its earnings in the second quarter jumped 60 percent, as a rebound in the PC industry drove sales of […]

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Proposed bank rules slam Wall Street shares

NEW YORK–The new proposals from U.S. President Barack Obama to limit the size and trading capabilities of big banks sent shares of major financial […]

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 […]

Asia helps feeble West in global recovery: OECD

Asia is leading the global economy out of the deepest downturn in decades but the recovery will be marred by high unemployment and huge […]

AXA eyes Asia insurance growth via AMP asset deal

French insurer AXA bid for full control of its majority-owned Asian arm on Monday, seeking a tighter grip on the region’s strong growth potential.
The […]

U.S. manufacturers more optimistic: survey

More U.S. manufacturers are optimistic about the economy, but poor demand remains a top concern, according to a survey.
Forty-eight percent of U.S.-based industrial manufacturers […]

Galleon winding down hedge funds

Hedge fund firm Galleon Group said it is winding down its funds, less than a week after its founder was arrested and charged with […]

U.S. must live within its means: Geithner

The United States must live within its means once its economy recovers if it is to preserve global confidence in the U.S. dollar’s status, […]

SEC, CFTC mull joint enforcement squad: sources

U.S. securities and futures regulators are considering a joint enforcement squad to investigate and root out fraud in the markets, two sources familiar with […]