FDIC closes North Carolina and Georgia banks
Regulators shut Pisgah Community Bank of Asheville and Sunrise Bank of Valdosta, the 12th and 13th U.S. bank failures this year. Capital Bank and Synovus Bank agreed to assume deposits and select assets, with FDIC retaining remaining assets. The failures are projected to cost the insurance fund about $26.2 million.
MENTIONED IN THIS ARTICLE
Washington
North Carolina
Georgia
U.S
Federal Deposit Insurance Corp
Pisgah Community Bank
Asheville
N.C
Sunrise Bank
Valdosta
FDIC
Pisgah Community
IRS apologizes for Tea Party targeting by the agency
The IRS admitted Friday that its 2012 review process singled out dozens of conservative groups for additional scrutiny because of words like tea party or patriot in their exemption applications. Lois Lerner said donor lists were requested in some cases, violating policy, with about 75 groups affected.
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Washington
Internal Revenue Service
IRS
Lois Lerner
Bush Administration
Carney
White House
Lerner
American Bar Association
Cincinnati
Treasury Department
Barack Obama
Obama
House
John Boehner
Ohio
Merger of American Airlines and US Airways Cleared by Judge
U S bankruptcy judge Sean Lane formally approved American Airlines merger with US Airways at a March hearing. The order rejected a proposed 20 million severance for American CEO Tom Horton, citing bankruptcy code limits and lack of a reorganization plan. Regulators and US Airways shareholders must approve next, with closing expected this fall and full integration over 18 months to obtain a single operating certificate.
MENTIONED IN THIS ARTICLE
U.S
Sean Lane
American Airlines
US Airways
American
Horton
Tracy Hope Davis
Lane
Federal Aviation Administration
Robert Isom
Bev Goulet
Health secretary fundraisers draw Senate scrutiny
Health and Human Services Secretary Kathleen Sebelius faces Republican concern over possible conflicts after she asked patient groups churches and health care providers to back nonprofit groups like Enroll America. A Senate Republican questions whether solicitations from health care executives are appropriate as the White House and administration defend outreach.
MENTIONED IN THIS ARTICLE
Washington
Health and Human Services
Kathleen Sebelius
Senate
Sebelius
Department
Jason Young
Enroll America
Barack Obama
Washington Post
Young
Orrin Hatch
Utah
Grain futures retreat on CBOT led by wheat and corn
Grain futures on Friday at the Chicago Board of Trade fell as Wheat for July delivery dropped 19.25 cents to 7.0425 a bushel, July corn slid 12.5 cents to 6.3625, July oats eased 4 cents to 3.785, and July soybeans declined 9.75 cents to 13.99 a bushel.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Closing Stocks New York Friday's Most Active Prices
NYSE list shows Apple and Exxon among top movers with shifts in price. Companies like Citigroup, JPMorgan, Chevron, Pfizer, and Walmart appear among high activity as traders chased gains and losses. Market volume remained robust with Dow Jones and Nasdaq closing mixed amid leadership by energy and financials.
MENTIONED IN THIS ARTICLE
New York
NYSE
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Gary Gensler
Commodity Futures Trading Commission
Federal Reserve
Ben Bernanke
Treasury
Jack Lew
Martin Gruenberg
U.S. Federal Deposit Insurance Corporation
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FSOC
Congress
Mitch McConnell
Kentucky
Jay Carney
Inspector General For Tax Administration
Tom Horton
St. Louis
Marion
St. Tow
Ait. Lis and Beyond
Cape-Air
The
Associated Press
Alcoa Inc
Coke
Kroger
App. Mat
DuPont
Nucor
VF Corp
B. Hughess
Occi. P
Walgreens
Fifth Third
Old Nat
Wal-Mart
Bob Evans
Olin
Wendy's
Gen. Dyn
Pepsi
Whirlpool
Amoco
Haiti
Pfizer
Harley
Pier
Atat
Harris
Prudential
Rail
Intel
Exelon Corp
Wells Cbrl
the Associated Press
Ales High Low Close
Chg Aes Corp
Atatinc
AbtLabs
Actavis
AMD
Alcatellac
Alcoa
Alphanrs
Altria
AmintiGrp
Annaly
Apache
Apollogm
ArcelorMit
ArchCoal
ArmourRsd
BkofAm
Barrick
BostonSci
BoydGm
BrMySq
Caterpillar
Cemex
Chevron
Citigroup
Cnffsnrs
CocaColas
ConocoPhil
Corning
Csvellvst
Delta Air
Disney
DowChm
DuPont L
DukeEns
Emccp
Elan
EnCanag
Exelon
ExxonMbl
Fordm
Fusion-lo
GenElec
GenMotors
Genworth
Goldcrpg
Hallibrun Soi
Hecla M
Hertz
Hewlettp
HostHodls
Hovnane
Iamgidg
iShGold
iShBraz
iShGer
iShJapn
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Jpmorgch
Johnin
InprNtwk
Keycorp
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Merck
Market Watch
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Standard & i Poor's
Russell
AP MetLife
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Nbgreece
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Newcastle
NokiaCp
Peabdye
Penney
Petrbrs A
Petrobras
Pruvxstrs
PrushsPrs
S&psocetf
SandRdge
Schimbrg
Schwab
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SprintNex
Spdrfacl
Sputil
TainSemi
3Dsys
TrinaSolar
UtdMicro
Usbanero
Uscnfd
US Steel
Valesa
Valesapf
Valeroe
VangEmg
VerizonCm
WalMart
Walgrn
WalterEn
Weathfind
WellsFargo
WsthUnion
WmsCos
Xerox
Yamanag
Www
Thesouthern.com
Ata
Arant
Tun
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