U.S. Markets closed

Academic chosen to lead rural economic development

RALEIGH, N.C. (AP) -- An academic with economic development experience will be the North Carolina's new Assistant Secretary for Rural Economic Development.

Patricia Mitchell will oversee the Commerce Department's newly created Rural Economic Development Division. The division consists of programs transferred from the North Carolina Rural Economic Development Center, the Division of Community Assistance, NC Broadband, Main Street and the Appalachian Regional Commission.

Mitchell is an adjunct faculty member at three universities and was County Manager and Director of Economic Development for Ashe County. She also served on the Rural Economic Development Center's board for seven years and helped transition three of the center's programs to the Department of Commerce.

She also serves on the N.C. Economic Developers Association Board of Directors and the Local Developers Advisory Council for the AdvantageWest Regional Economic Development Group.

  • Should I sell my $565,000 duplex and invest the money — or continue to collect rent?
    Business
    MarketWatch

    Should I sell my $565,000 duplex and invest the money — or continue to collect rent?

    Dear Moneyist, I purchased a duplex 20 years ago and am considering selling it. I paid $150,000 for the duplex, and spent about $55,000 on updates and renovations. A real estate agent has suggested selling it for $565,000, as a duplex, or converting it to condominiums and selling each for $300,000. Each unit currently rents for $1,900 per month. There is no mortgage and the largest annual expenses are taxes and insurance which total about $6,000 per year. The property is in good condition and I do not anticipate any major expenses in the near future. There are minor repairs and maintenance throughout the year which typically cost no more than $1,000. Don’t miss: Advisers say most investors can

  • Nathan Chen Just Stunned Every Figure Skater You've Ever Heard Of
    Sports
    Time

    Nathan Chen Just Stunned Every Figure Skater You've Ever Heard Of

    U.S. figure skater Nathan Chen set an Olympic record with six quad jumps in the men’s figure skating long program on Friday. Chen bounced back after a disappointing turn during the short program that left the skater in 17th place in the 2018 Winter

  • Lisa Marie Presley Says She's Over $16 Million in Debt, Divorce Documents Claim
    Business
    People

    Lisa Marie Presley Says She's Over $16 Million in Debt, Divorce Documents Claim

    According to the documents, which were filed on Wednesday and obtained by PEOPLE Friday, Justin Stiegemeyer, Presley’s current business manager who is responsible for “day-to-day finances and paying all of her bills,” disclosed that the 50-year-old had first learned of her debt while her old business manager Provident Financial Management was handling her finances. In the court documents, Stiegemeyer went on to claim that Presley owes almost $50K in credit card debt, although he added that she has been actively paying down the sum and has managed to pay off the debt on certain cards in full.

  • Bitcoin Cash, Litecoin and Ripple Daily Analysis – 18/02/18
    Business
    FX Empire

    Bitcoin Cash, Litecoin and Ripple Daily Analysis – 18/02/18

    Bitcoin Cash had a good start to the weekend, gaining 6.66% on Saturday to end the day at $1,629.5, outshining the likes of Litecoin that is considered to be one of Bitcoin Cash’s main competitors. The gains cement Bitcoin Cash in 4th place in the crypto rankings, with a market cap of $26.95bn, as Litecoin continues to sit a distant 5th with $12.64bn, much depending upon the success of LitePay that’s due for release in a week’s time. Perhaps of significance will be how Bitcoin, Bitcoin Cash, Ethereum and Litecoin fare on Coinbase’s commerce platform, with both businesses and consumers likely to favour one of the four cryptos that Coinbase has included for transactions.

  • Delta Air Lines Wants the Boeing "797" ASAP: Here's Why
    Business
    Motley Fool

    Delta Air Lines Wants the Boeing "797" ASAP: Here's Why

    Last year, Boeing (NYSE: BA) strained its relationship with U.S. airline giant Delta Air Lines (NYSE: DAL) by attempting to have big tariffs imposed on Delta's purchase of CSeries jets from Bombardier. Many pundits saw Boeing's trade complaint as a risky move that could alienate a key customer -- especially after Delta ordered the Airbus (NASDAQOTH: EADSY) A321neo last December instead of Boeing's 737 MAX 10. Delta isn't going to make bad business decisions just to punish Boeing.

  • Wells Fargo auditors could soon deliver another blow to the bank
    Business
    MarketWatch

    Wells Fargo auditors could soon deliver another blow to the bank

    Wells Fargo investors have learned a lot about the bank’s worsening issues recently, but they should be watching carefully over the next couple of weeks for possibly more bad news — from the bank’s auditors, KPMG. KPMG must opine on Wells Fargo’s WFC, -0.12% internal controls by around March 1, and investors might not like the answer: the very real possibility of an adverse opinion from the auditors identifying material weaknesses in the bank’s controls. On Feb. 2, the Federal Reserve Board released a consent cease-and-desist order that requires the bank to improve its governance and risk-management processes, including strengthening the effectiveness of oversight by its board of directors. The

  • California law could allow illegal immigrants to vote
    U.S.
    Fox Business Videos

    California law could allow illegal immigrants to vote

    California Lt. Governor candidate Lydia Ortega (R) reacts to the state’s push to give illegal immigrants the right to vote once they get a driver’s license.

  • Why General Motors Could Be Leaving Korea for Good
    Business
    Motley Fool

    Why General Motors Could Be Leaving Korea for Good

    In recent years, General Motors (NYSE: GM) has posted consistently strong profits in its two largest markets: North America and China. It's seeming increasingly likely that GM will ultimately have to end its manufacturing operations there to achieve this goal. Management first publicly raised the need for restructuring at GM Korea during General Motors' fourth-quarter earnings call earlier this month.

  • Amerisource shares jump on Walgreens buyout report
    Finance
    Associated Press

    Amerisource shares jump on Walgreens buyout report

    Shares of AmerisourceBergen soared Tuesday on reports that Walgreens is pursuing a complete takeover of the huge drug distributor. The Wall Street Journal reported late Monday that Walgreens Boots Alliance Inc. reached out to AmerisourceBergen Corp. about a potential deal several weeks ago. Walgreens already owns about 26 percent of the company, according to data provider FactSet.

  • This Is Warren Buffett’s Top Equity Holding, Surpassing Wells Fargo
    Business
    Fortune

    This Is Warren Buffett’s Top Equity Holding, Surpassing Wells Fargo

    Warren Buffett's Inc. has taken a real shine to Inc. Berkshire boosted its holding of the iPhone maker to $28 billion at year-end, surpassing its stake in & Co., which was worth $27.8 billion on Dec. 31. Apple has continued to rally this year, increasing the value of Berkshire's stake to $28.6 billion based on Thursday's closing price.

  • Spectra Energy Partners Secured a Better Future in Q4
    Business
    Motley Fool

    Spectra Energy Partners Secured a Better Future in Q4

    One of the reasons Enbridge (NYSE: ENB) decided to merge with Spectra Energy Partners' (NYSE: SEP) parent company was the impressive asset portfolio and growth prospects of the subsidiary partnership. If there was anything that could prevent the company from realizing its potential, it was the ownership structure in place that made it harder to grow. This past quarter, Spectra Energy Partners and Enbridge addressed that problem with a significant change to its ownership structure.

  • What to Do With Your 401(k) When the Market Crashes
    Business
    Motley Fool

    What to Do With Your 401(k) When the Market Crashes

    Market crashes are scary. After a long bull market in which the S&P repeatedly hit new record highs, it's hard to see the retirement savings that you've worked for years to save in a 401(k) take a severe hit when the good times come to an end. The key to handling volatility is to be smart about risk management, anticipating worst-case scenarios and adjusting your strategy to allow for them.

  • Stock market will sell off by 30%: MacroMavens president
    Business
    Fox Business Videos

    Stock market will sell off by 30%: MacroMavens president

    MacroMavens President Stephanie Pomboy discusses her concerns over current economic conditions and the Fed’s impact on the stock market.

  • Iran Fails To Comply With OPEC Deal
    Business
    Oilprice.com

    Iran Fails To Comply With OPEC Deal

    The OPEC Monthly Oil Market Report is out production data for January 2018. All data, unless otherwise noted, is through January 2018 and is in thousand barrels per day. OPEC crude only production has held steady for three months.

  • Washington, D.C., Has Given the Boring Company a Permit for a Possible Hyperloop Station
    Finance
    Fortune

    Washington, D.C., Has Given the Boring Company a Permit for a Possible Hyperloop Station

    Washington, D.C., has issued a permit allowing Elon Musk's Boring Company to do preparatory and excavation work in what is now a parking lot north of the National Mall. The permit, reported Friday by the Washington Post, was issued way back on November 29th of 2017. The permit is part of an exploratory push by the city's Department of Transportation, which according to a spokesperson is examining the feasibility of digging a Hyperloop network under the city.

  • Gilead wins reversal of $2.54 billion hepatitis C drug patent verdict
    Business
    Reuters

    Gilead wins reversal of $2.54 billion hepatitis C drug patent verdict

    A federal judge in Delaware has overturned a jury's verdict requiring Gilead Sciences Inc to pay a record $2.54 billion because its hepatitis C drugs Sovaldi and Harvoni infringed a patent held by rival Merck & Co Inc. The verdict had been the largest ever in a U.S. patent case but U.S. District Judge Leonard Stark in Wilmington, Delaware, on Friday ruled Merck's patent was invalid. Gilead in a statement on Saturday said it always believed the patent was invalid and was pleased the judge confirmed that opinion. The December 2016 verdict followed a trial in which jurors found that Merck's patent on hepatitis C treatments, which it acquired in 2014 when it bought Idenix Pharmaceuticals, was valid.

  • Mueller Deflates President Trump's Claim That Russia Meddling Was Hoax
    Politics
    Fortune

    Mueller Deflates President Trump's Claim That Russia Meddling Was Hoax

    Donald Trump has insisted for more than a year that Russians didn’t try to get him elected. Special Counsel Robert Mueller put an end to those claims on Friday, declaring definitively that they did. A federal grand jury indicted 13 Russian nationals and a so-called “troll farm” in St. Petersburg on Friday for a broad campaign to sway the 2016 election in Trump’s favor.

  • Germany's Figure Skater Just Went Full Game of Thrones. The Internet Can't Even Deal
    Entertainment
    Time

    Germany's Figure Skater Just Went Full Game of Thrones. The Internet Can't Even Deal

    Winter has officially come for the 2018 Olympics in PyeongChang, and it is epic. Germany’s figure skater Paul Fentz came blazing onto the ice suited up for battle as thunderous music from Game of Thrones played, thrilling the internet to no end.

  • Commentary: Trump’s Immigration Plan Took a Well-Deserved Tumble. What’s Next?
    Politics
    Fortune

    Commentary: Trump’s Immigration Plan Took a Well-Deserved Tumble. What’s Next?

    The Trump administration repeatedly insisted during the Senate’s immigration debate this week that it would not accept any plan that did not incorporate its pillars for reform. By the debate’s end on Thursday, a bipartisan plan that would have provided a long path to citizenship for the Dreamers, significant funding for border enforcement, and some limits on family-based immigration failed to garner enough votes to pass. The president’s preferred bill received far fewer votes, yet again stymying the Dreamers’ 17-year quest for full membership in their nation.

  • Why Americans Started Buying Military-Style Weapons Like the One Used in the Florida Shooting
    News
    Time

    Why Americans Started Buying Military-Style Weapons Like the One Used in the Florida Shooting

    The shooting at Marjory Stoneman Douglas High School in Parkland, Fla., bore many of the hallmarks of the other school shootings that have shocked the nation over the course of the last weeks, months and years. Among those similarities was the weapon used by accused shooter Nikolas Cruz: the AR-15. This semiautomatic version of the U.S. military’s M-16 infantry rifle and similar weapons have been used in most of the deadliest mass shootings in the last decade, including the one at Sandy Hook Elementary School. In some states like Florida, they’re easier to buy than a handgun.

  • We May Finally Be Turning the Corner on the Flu Epidemic
    Health
    Fortune

    We May Finally Be Turning the Corner on the Flu Epidemic

    The influenza outbreak that’s killed thousands of Americans and wreaked havoc on the lives of many more seems to have passed its peak and started a slow retreat. While it’s a good sign that flu activity is starting to level off, it’s a far cry from the precipitous drop in doctor visits typically seen when a busy season starts to come to a close. The CDC’s national map of influenza activity offers some hope.

  • 3 Stocks I'm Buying After the Market Sell-Off
    Business
    Motley Fool

    3 Stocks I'm Buying After the Market Sell-Off

    Three stocks that I've identified are already prominent holdings in my portfolio: Alphabet Inc (NASDAQ: GOOGL)(NASDAQ: GOOG), Pattern Energy Group Inc (NASDAQ: PEGI), and Starbucks Corporation (NASDAQ: SBUX). In short, it has been a big winner in my portfolio.

  • 1 High-Yield Dividend Stock You've Never Heard Of
    Business
    Motley Fool

    1 High-Yield Dividend Stock You've Never Heard Of

    Income investors are always on the lookout for high yield dividend stocks, preferably the kind supported by stable businesses with ample cash flow and a long history of distributing some portion of it to shareholders. Enter Compass Minerals International (NYSE: CMP). You may have never heard of the company, but its business is simple to understand.

  • Adults Offered 'Thoughts and Prayers' After the Florida School Shooting. But the Students Who Survived Want Action
    News
    Time

    Adults Offered 'Thoughts and Prayers' After the Florida School Shooting. But the Students Who Survived Want Action

    After a former student armed with an AR-15 assault rifle allegedly murdered 17 people at Marjory Stoneman Douglas High School in Parkland, Florida on Wednesday, adult politicians offered predicable responses. Sen. Marco Rubio, the 46-year old Florida Republican who has benefited from more than $3 million in NRA campaign spending, tweeted Bible passages. Florida Gov. Rick Scott, a 65-year old grandfather who has received an A+ rating from the NRA, offered his “thoughts and prayers” to the students and their families.

  • February Top Industrial Dividend Stock
    Business
    Simply Wall St.

    February Top Industrial Dividend Stock

    Industrial names generally suffer from deep cyclicality which can affect companies operating in areas ranging from machinery to aerospace to construction. As such, the position a company has relative to the economic cycle drives its level of profitability