By Ashlea Ebeling, Forbes Staff
One wealthy family in North Carolina just heard they’re off the hook for a $2.4 million tax bill, and another is off the hook for a $680,000 tax bill, thanks to the state tax reform deal just signed into law. “We had some happy clients when we found out they wouldn’t have to pay the North Carolina estate tax,” says Elizabeth Quick, an estate lawyer with Womble Carlyle Sandridge & Rice in Winston-Salem. …read more
Source: FULL ARTICLE at Forbes Latest
Police in North Carolina are searching for a man who stole an excavator from a construction site and used it to make off with a 2,000-pound automated teller machine.
According to Winston-Salem police, someone stole the excavator Monday morning and drove it about 200 yards to the ATM. They said the suspect used the claw from the excavator to knock over the ATM kiosk at a credit union, then picked up the machine and lifted it into a pickup truck. It’s believed a second car was involved in the theft.
Police said video surveillance revealed that a black Crown Victoria with tinted windows was involved, and that the suspect may be shorter in stature because of the way he had to reach for the steering wheel.
The suspect was still at large Monday evening.
Source: FULL ARTICLE at Fox US News
Police in North Carolina are searching for a man who stole an excavator from a construction site and used it to make off with a 2,000-pound automated teller machine.
According to Winston-Salem police, someone stole the excavator Monday morning and drove it about 200 yards to the ATM. They said the suspect used the claw from the excavator to knock over the ATM kiosk at a credit union, then picked up the machine and lifted it into a pickup truck. It’s believed a second car was involved in the theft.
Police said video surveillance revealed that a black Crown Victoria with tinted windows was involved, and that the suspect may be shorter in stature because of the way he had to reach for the steering wheel.
The suspect was still at large Monday evening.
Source: FULL ARTICLE at Fox US News
By John Maxfield, The Motley Fool
Filed under: Investing
Given that you clicked on this article, it seems safe to assume you either own shares of BB&T Bank or are considering buying them in the near future. If so, you’ve come to the right place, as the table below reveals the nine most critical numbers that investors need to know about BB&T before deciding whether to buy, sell, or hold its stock.
But before getting to that, a brief introduction is in order. Tracing its roots back to 1872, BB&T has since transformed into one of the nation’s largest regional banks. Based in Winston-Salem, North Carolina, it operates approximately 1,800 branches across 12 states and the District of Columbia. In addition, as of the end of 2012, it had $184 billion in assets on its balance sheet. As the bank notes on its website: “A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by J.D. Power and Associates, the U.S. Small Business Administration, Greenwich Associates and others.”
As you can see in the table above, from a shareholder’s perspective, BB&T exhibits a number of strengths. It’s better at managing interest rate risk, as evidenced by its above average net interest margin. Its comparatively low non-performing loans ratio suggests it’s similarly superior in terms of minimizing credit risk. And the bank’s healthy fee-based income goes a long way toward hedging against low interest rate environments like the present. It’s largely for these reasons, in turn, that BB&T’s return on equity is roughly 230 basis points better than the average. And it’s also for these reasons that the bank’s shares trade for a dear 1.9 times tangible book value.
Alternatively, if one had to be picky, BB&T’s biggest weakness is its relatively low payout ratio. As a general rule, I prefer banks that pay out no less than a third of their net income to shareholders via dividends. While BB&T comes in just below this benchmark, what’s not captured here is the fact that the bank increased its quarterly distribution by 15% at the beginning of this year. Once that’s factored in, it seems safe to say that the bank will more than satisfy this requirement, too.
Interested in learning more about BB&T?
With big finance firms still trading at deep discounts to their historic norms, investors everywhere are wondering if this is the new normal, or whether finance stocks are a screaming buy today. The answer depends on the company, so to help you figure out whether BB&T should be on you radar, I invite you to read our premium research report on the company today. We’ll fill you in on both reasons to buy and reasons to sell BB&T, and what areas that BB&T investors need to watch going forward. Click here now for instant access!
By The Huffington Post News Editors
A young demonstrator took aim at North Carolina’s Green Street United Methodist Church after its recent pledge to stop performing weddings until same-sex marriage is legalized.
As Good As You blogger Jeremy Hooper first reported, the boy — who is not identified — stood in front of the Winston-Salem church on Easter Sunday with a placard that read, “Jesus Must Be Your Lord Or He Will Not Be Your Savior.”
“The Bible talks about the homosexuals — they’re worthy of death,” the boy proclaims, as seen in video footage of the protest which was also posted on Hooper’s site. “They’re worthy of death, and you people approve of them! That’s why you’re going to Hell without Jesus Christ. You can turn from your sin!”
Read More…
More on North Carolina
By Business Wirevia The Motley Fool
Filed under: Investing
NeoMedia Reaches Agreement with Krispy Kreme with Respect to NeoMedia’s Patented Mobile Bar Code Technology
BOULDER, Colo.–(BUSINESS WIRE)– NeoMedia Technologies, Inc. (OTC BB: NEOM), the pioneer in global mobile barcode management solutions, today announced that it has reached an agreement with Krispy Kreme with respect to NeoMedia’s patents related to mobile barcode resolution.
About NeoMedia
NeoMedia Technologies, Inc. is the pioneer in QR and mobile barcode technology and infrastructure solutions that enable the mobile barcode ecosystem worldwide. Its solutions have transformed approximately 34 million mobile devices with cameras across 193 countries into barcode scanners, enabling a range of practical and engaging applications. With its suite of products, services and extensive IP portfolio, NeoMedia is able to offer customers a comprehensive end-to-end mobile barcode solution. NeoMedia’s current customers include international brands, agencies and handset manufacturers. The company also has a growing portfolio of patent licensees including Microsoft and Kraft Foods Group, Inc. Learn more at www.neom.com or one of our online destinations: LinkedIn, Twitter, and, Pinterest.
About Krispy Kreme
Krispy Kreme (NYS: KKD) is a leading branded specialty retailer and wholesaler of premium quality sweet treats and complementary products, including its signature Original Glazed® doughnut. Headquartered in Winston-Salem, N.C., the Company has offered the highest quality doughnuts and great tasting coffee since it was founded in 1937. Today, Krispy Kreme shops can be found in over 740 locations in 22 countries around the world.
For more information on NeoMedia’s patents, please contact:
Global IP Law Group, LLC
Alex Debski, +1 312 241 1507
adebski@giplg.com
or
For PR inquiries on this release, please contact:
Laura Marriott, +1 303 546 7946
press@neom.com
KEYWORDS: United States North America Georgia
INDUSTRY KEYWORDS:
The article NeoMedia Reaches Agreement with Krispy Kreme with Respect to NeoMedia’s Patented Mobile Bar Code Technology originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure …read more
Source: FULL ARTICLE at DailyFinance
By Business Wirevia The Motley Fool
Filed under: Investing
Hatteras Financial Corp. Declares First Quarter 2013 Dividends on Shares of Common and Preferred Stock
WINSTON-SALEM, N.C.–(BUSINESS WIRE)– The Board of Directors of Hatteras Financial Corp. (NYS: HTS) (the “Company”) today declared cash dividends on shares of both its common and preferred stock for the first quarter of 2013.
Common Stock Dividend
The Company’s Board of Directors today declared a quarterly dividend of $0.70 per common share for the first quarter of 2013. The dividend will be paid on April 19, 2013, to stockholders of record on April 1, 2013, with an ex-dividend date of March 27, 2013.
7.625% Series A Cumulative Redeemable Preferred Stock
The Board of Directors also declared a quarterly dividend of $0.4765625 per share of the Company’s 7.625% Series A Cumulative Redeemable Preferred Stock for the first quarter of 2013. The dividend will be paid on April 15, 2013, to stockholders of record on April 1, 2013, with an ex-dividend date of March 27, 2013.
About Hatteras Financial Corp.
Hatteras Financial Corp. is a real estate investment trust formed in 2007 to invest in single-family residential mortgage pass-through securities guaranteed or issued by U.S. Government agencies or U.S. Government-sponsored entities, such as Fannie Mae, Freddie Mac or Ginnie Mae. Based in Winston-Salem, N.C., the Company is managed and advised by Atlantic Capital Advisors LLC. The Company is a component of the Russell 1000® index.
Hatteras Financial Corp.
Kenneth A. Steele, Chief Financial Officer
336-760-9331
www.hatfin.com
or
CCG Investor Relations
Mark Collinson, Partner
310-954-1343
www.ccgir.com
KEYWORDS: United States North America North Carolina
INDUSTRY KEYWORDS:
The article Hatteras Financial Corp. Declares First Quarter 2013 Dividends on Shares of Common and Preferred Stock originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright …read more
Source: FULL ARTICLE at DailyFinance
A church in North Carolina will stop performing marriages until United Methodist pastors are allowed to officiate weddings for same-sex couples in the Tar Heel state.
The Green Street United Methodist Church in Winston-Salem made the announcement on its Facebook page on Friday and held a press conference on Sunday detailing its plan. The Rev. Kelly Carpenter told FoxNews.com on Monday that his 400-member congregation and its 18-member Leadership Council have long considered the move.
“Many people in our church have been very active about marriage equality in North Carolina, so we’re not new to talking about this issue,” Carpenter said. “So over the past year, this statement has developed, and not only to the state of North Carolina, but also to the United Methodist Church in regards to the injustice of not being able to conduct same-sex weddings.”
Neither the state nor the United Methodist Church sanctions same-sex marriages. With the U.S. Supreme Court set to consider two key same-sex marriageissues later this month, Carpenter said the “timing seemed to be good,” referring to the announcement. Feedback from the congregation, which includes at least 15 gay and lesbian couples, has been overwhelmingly positive, he said.
“Inside the congregation, I’ve heard nothing but support,” Carpenter said, adding that he also received some critical emails from non-active worshippers.
In a statement on its website, church officials declared that committed same-sex relationships are “no less sacred” as heterosexual unions.
“Couples making a commitment to one another need a supportive community of faith to sustain and uphold them so as to grow in faith and love,” the statement read. “Weddings are the occasion for covenant making, a time to seek God’s blessing on their commitment to one another. When a couple chooses to be married in the church, they should also be conscious that they are making a declaration of their relationship as a new ministry for the congregation and the world. At Green Street Church, we claim the committed same-sex relationships as no less sacred in their ministry to us and the community.”
United Methodist Church officials did not immediately respond to a request for comment early Monday.
Tami Fitzgerald, executive director of the NC Values Coalition, said neither the state nor the church has the right to redefine marriage.
“Marriage has always been understood as a union of one man and one woman — both biblically and culturally — and last May over 60 percent of North Carolinians voted to keep it that way,” Fitzgerald told FoxNews.com in a statement.
Nine states — including Connecticut, Iowa and Maryland — and the District of Columbia currently allow same-sex marriages. Most states have incorporated prohibitions of same-sex marriage by adopting so-called “defense of marriage” language defining marriage in state constitutions similar to language in the federal Defense of Marriage Act (DOMA) — “the word ‘marriage’ means only a legal union between one man and one woman as husband and wife.” Furthermore, roughly 42 percent of the U.S. population lives in a state that provides some form of protections for gay couples, according to …read more
Source: FULL ARTICLE at Fox US News
By John Maxfield, The Motley Fool
Filed under: Investing
After the closing bell yesterday, the Federal Reserve released the results of its 2013 comprehensive capital analysis and review, or CCAR. Unlike last week’s stress tests, which were designed to ascertain whether the nation’s 18 largest banks could survive a severe economic downturn, the purpose of the CCAR is largely to determine which of the same banks should be allowed to increase the amount of capital that they return to shareholders via dividends or share buybacks.
While there were notably few surprises, yesterday’s announcement wasn’t entirely void of them. The biggest shock, for example, was that the tried-and-true regional lender BB&T had its 2013 capital plan rejected by the Fed. To be fair, however, the reason for the rejection wasn’t entirely clear at first. As my colleague David Hanson discussed:
Although the Fed did not object to the Winston Salem, NC-based bank’s continuation of its increased dividend from the first quarter of 2013, the bank recently disclosed that it reevaluated its process related to calculating risk-weighted assets because of regulatory guidance. The change in methodology was not reflected in the Fed’s numbers, prompting the objection and necessary revision.
Fortunately, a similar surprise wasn’t in the cards for shareholders of the nation’s fourth largest bank by assets, Wells Fargo . As it did during the stress tests, the California-based mortgage giant seemingly sailed through the CCAR process with little to no trouble. According to a press release issued soon after the results were made known, the bank confirmed that its 2013 capital plan includes a proposed dividend rate of $0.30 per share for the second quarter of 2013, and a proposed increase in common stock repurchase activity for 2013 compared with 2012. Both of which, of course, are contingent upon approval by the company’s board of directors. By means of comparison, JPMorgan Chase has proposed a 26.6% dividend increase, while Bank of America is contenting itself with a $5 billion buyback — click here to read more about JPMorgan’s decision, and here for B of A’s.
Source: Company press release.
As you can see in the chart above, Wells Fargo currently pays a $0.25 per share dividend each quarter — equating to an annual payout of $1. The increase, in turn, would raise the annual payout by 20% to $1.20 and translate into a 3.25% yield at yesterday’s closing price, making it one of the better-yielding banks in the market. In prepared remarks, CEO John Stumpf said that “We are extremely pleased to be able to reward our shareholders with increased distributions for 2013.” Suffice it to say, shareholders are probably equally pleased.
Beyond this, the performance of Wells Fargo‘s capital base throughout both processes should give investors in California-based bank further reason to rest easy at night. At the end of the third quarter, the bank sported a Tier 1 common capital ratio of 9.9% — or nearly twice the …read more
Source: FULL ARTICLE at DailyFinance
By John Maxfield, The Motley Fool
Filed under: Investing
To say it’s been a busy two weeks for banks would be an understatement. At the end of last week, the Federal Reserve released the results of this year’s stress tests, which are designed to determine whether the nation’s 18 largest banks have enough capital to survive a severe economic downturn akin to the financial crisis. On the heels of that, the central bank announced yesterday which of these lending giants would be allowed to increase the amount of capital they return to shareholders via dividends and/or share buybacks.
For most of the nation’s banks, the news was relatively positive. With regard to the stress tests, 17 of the 18 banks made it through the Fed’s “severely adverse” economic gauntlet in one piece — Capital One Financial being among them. In addition, many of these same institutions had their requested capital plans for the upcoming year approved as well — Capital One, again, being among the banks to obtain permission. The two most notable exceptions in this regard were the auto-lending giant Ally Financial and Winston-Salem, North Carolina-based BB&T — click here to learn why BB&T’s request was denied.
In Capital One‘s case, this translates into a six-fold increase in the company’s dividend. As it noted in a press release shortly after the CCAR results were announced: “Capital One’s submission included a planned increase in the quarterly dividend on its common stock from the current level of $0.05 per share to $0.30 per share.” Once implemented, the move will ratchet up the yield on Capital One‘s common stock to 2.2% from 0.4% now.
Equally encouraging from the perspective of an investor in Capital One is how well its capital base held up under the hypothetical stressed scenarios, both with the aforementioned capital return included and without it. As you can see in the figure below, going into last week’s stress tests, the bank had a Basel I tier 1 common capital ratio of 10.7% at the end of the third quarter of 2012. This was worse than the 18-bank average of 11.1%, but nevertheless better than many of its regional competitors. For instance, the analogous ratios at SunTrust Banks , Fifth Third Bancorp , and PNC Financial came in at 9.8%, 9.7%, and 9.5%, respectively.
Source: Comprehensive Capital Analysis and Review 2013: Assessment Framework and Results.
While this base eroded by 330 basis points to 7.4% after the Fed’s apocalyptic economic assumptions were factored into the equation, and a further 70 basis points once the now-approved dividend increase was included, the resulting 6.7% was still comfortably in excess of the 5% regulatory minimum. This is particularly impressive when you consider the size of Capital One‘s credit card portfolio — which by their nature are typically riskier than other types of loan holdings.
Following this news, shares of the McLean, Virginia-based bank are trading up by nearly 1%, outperforming …read more
Source: FULL ARTICLE at DailyFinance
By David Hanson, The Motley Fool
Filed under: Investing
After flaunting some of the most impressive capital ratios in last week’s Dodd-Frank stress test results, BB&T shareholders were stunned to discover that the Federal Reserve “objected” to certain parts of the bank’s capital plan.
Thursday evening, the Federal Reserve released the second part of the annual banking stress test results, which examined the largest U.S. banks’ ability to make capital distributions and maintain certain capital levels during an economic downturn. Although the Fed did not object to the Winston Salem, NC-based bank’s continuation of its increased dividend from the first quarter of 2013, the bank recently disclosed that it re-evaluated its process related to calculating risk-weighted assets because of regulatory guidance. The change in methodology was not reflected in the Fed’s numbers, prompting the objection and necessary revision.
Should we speak up?
CEO Kelly King has already issued a statement reiterating BB&T’s financial strength and commitment to returning capital to shareholders. Although King and his management team have carried a solid reputation during recent years, investors may begin to question the company’s handling of the situation. Despite announcing the RWA calculation change prior to the release of the Dodd-Frank stress test results, in its own press release on the same day, BB&T did not highlight the increased probability of receiving an “objection” during the Fed’s Comprehensive Capital Analysis and Review (CCAR). While it may be likely that BB&T did not have any knowledge that would lead it to believe the change would result in an “objection,” investors may wonder if management should have been more proactive in highlighting the change and its potential impact.
Impact to capital ratios
Despite posting an impressive actual Tier 1 common ratio of 9.5% in Q3 in 2012, and a more impressive ratio of 9.4% under the severely adverse scenario last week, BB&T’s Tier 1 common ratio shrunk to a minimum of 7.76% under its “objected” planned capital action.
With big finance firms still trading at deep discounts to their historic norms, investors everywhere are wondering if this is the new normal, or whether finance stocks are a screaming buy today. The answer depends on the company, so to help you figure out whether BB&T should be on you radar, I invite you to read our premium research report on the company today. We’ll fill you in on both reasons to buy, and reasons to sell BB&T, and the areas that BB&T investors need to watch going forward. Click here now for instant access!
var FoolAnalyticsData = FoolAnalyticsData || []; …read more
Source: FULL ARTICLE at DailyFinance
A man nicknamed the “Bucket List Bandit” by the FBI after he allegedly told a Utah bank teller that he had just four months to live will plead guilty before a federal judge in Pennsylvania to that robbery and 10 other heists in nine other states.
Federal public defender Thomas Patton told The Associated Press that Michael Eugene Brewster, formerly of Pensacola, Fla., will plead guilty Wednesday to the Sept. 10 Huntingdon National Bank Heist in Erie, which capped a cross-country string of robberies that began June 21 in Arvada, Colo. Brewster will also plead guilty to the other heists, Patton said.
Until the new charges were filed Tuesday, Brewster had been formally charged only with the Erie bank robbery, though the FBI months ago named him as a suspect in the others based on surveillance video from the other heists, nearly all of which showed a bespectacled robber, with graying hair combed back, wearing a blue polo shirt with a pocket.
Brewster has been jailed since his arrest Sept. 13 in Roland, Okla., after he ran a stop sign near a casino close to the Arkansas border. When the FBI warrant for the Erie heist showed up on a computer search, Brewster was jailed there until he could be brought back to Pennsylvania, where federal prosecutors took over the nationwide investigation.
According to court documents, Brewster stole a total of $33,858 in the robberies, though an amount wasn’t listed for his fifth robbery, a July 20 heist at the Bank of America in Winston-Salem, N.C.
The least Brewster stole was $632 from Landmark Bank in Columbia, Mo. on Aug 29, and the most he netted was $7,000 taken from the Wells Fargo Bank in Roy, Utah, on July 6 — the fourth robbery in the string, during which he made the remark to the teller which prompted his FBI nickname.
In each robbery, Brewster handed a teller a note and claimed to have a gun, though he never displayed one. In some cases, Brewster explained his actions by claiming to be terminally ill and, according to the FBI, specifically told the Utah teller, “I have four months to live.”
Patton declined to comment on whether Brewster was terminally ill and Brewster merely shrugged and smiled when the AP asked him that question after his detention hearing in Erie last October.
Asked whether Brewster’s illness has been confirmed, Assistant U.S. Attorney Marshall Piccinini said, “I can’t say that is has or hasn’t been. There’s been nothing presented to us” that suggests Brewster is ill, Piccinini said.
Although the FBI gave him a nickname, investigators didn’t learn Brewster’s true identity until a tipster saw news coverage of the Erie heist and called to give agents Brewster’s name and birth date. The FBI filed a criminal complaint for the Erie heist after the teller picked his mug shot out of a photo lineup, and they began investigating his involvement in the other robberies based on surveillance video and other similarities.
In addition to the robberies in Colorado, Columbia, Mo., North Carolina, Utah …read more
Source: FULL ARTICLE at Fox US News
By David Hanson, The Motley Fool
Filed under: Investing
In the banking world, sometimes boring is better.
Headquartered in quiet Winston Salem, North Carolina, BB&T avoided many of the pitfalls that ultimately plagued numerous regional banks across the country during the financial crisis. As investors in formerly troubled banks like SunTrust or Citigroup toss and turn in their beds tonight in anticipation of the Federal Reserve‘s announcement of the annual stress test results, BB&T shareholders will sleep peacefully knowing the bank is executing its strategy, and building sustainable capital ratios.
What to expect
Last year, the Federal Reserve‘s stress test and Comprehensive Capital Analysis and Review results validated BB&T’s financial strength, and the bank raised its dividend 25%. Although evaluation of the nation’s 19 largest banks’ future dividends and capital policies won’t be public until CCAR results are reported next Thursday, tomorrow’s Dodd-Frank stress test results will give investors a point of comparison across the financial institutions. The results, scheduled to be released tomorrow at 4:30 pm, will evaluate the impact of a hypothetical economic downturn on banks’ earning potential and balance sheet strength. Some of the factors in the Federal Reserve‘s “severely adverse scenario” include:
Not apples to apples
Although BB&T’s balance sheet held up well during previous stress tests and capital reviews, investors should note the significant changes to the bank’s balance sheet and business from the acquisitions of Crump Insurance in April 2012, and Bank Atlantic in July 2012. While these acquisitions greatly increased BB&T’s presence in the U.S. wholesale insurance and Florida markets, the moves negatively impact the calculation of Tier 1 common equity ratios as a result of the increase in intangible assets connected to the deals. Given the fact that the deals required Fed approval, investors shouldn’t be too concerned with the adverse impact on capital levels.
Source: S&P Capital IQ
BB&T CEO Kelly King has spent over 40 years of his career at the bank, and led the company to a record year in 2012, while bolstering its presence in new markets. Investors have not allowed King’s progress to go unnoticed, as the market has consistently valued BB&T at a premium compared to its peers SunTrust, Regions Financial , and Fifth Third .
While current BB&T shareholders will want to pay close attention to the bank’s results, investors interested in adding exposure to the large, regional banking sector may be better served keeping a close eye on BB&T’s lesser-valued competitors.
With big finance firms still trading at deep discounts to their historic norms, investors everywhere are wondering if this is the new normal, or whether finance stocks are a screaming buy today. The answer depends on the company, so to help figure out whether Regions Financial is a buy today, I invite you to read our …read more
Source: FULL ARTICLE at DailyFinance
A high school basketball player in North Carolina died Tuesday night after he collapsed during a game, MyFox8.com reported.
Josh Level, 17, was taken to Wake Forest Baptist Medical Center after collapsing during a game at the Quality Education Academy in Winston-Salem, the report said. The cause of the death was not immediately available.
David Tomlin, the head of New Garden Friends School, said in a statement Wednesday that counselors will be on site for students.
By early Wednesday morning, the hashtag “RIPJoshLevel” was trending on Twitter, the station reported.
GreensboroSports.com described Level as “an outstanding” basketball player, the report said. Level was described as “a good athlete who plays with a tremendous amount of effort,” ESPN.com’s college recruiting page.
Police in North Carolina say the death toll has risen to five after an SUV carrying nine people crashed into a tree. Four children also were hurt.
Police in the Rowan County town of Spencer said Saturday the driver of the GMC Envoy and four passengers were killed in the wreck Friday night. Spencer is about 50 miles northeast of Charlotte.
Police say the driver was 28-year-old Angela Monique Dunlap of Spencer. Also killed were Sean Jacobs and Karizma Sexton, who shared the same Salisbury address; and Daja Cathcart and Vincent McNeal of Salisbury.
Police did not provide ages for the passengers killed. Rowan County EMS Capt. Chris Warr said Friday that two of the dead were children.
Three other children were being treated at a Winston-Salem hospital. A 10-year-old boy suffered minor injuries.
Source: FULL ARTICLE at Fox US News
