Business & Economy

American Underground
www.americanunderground.com

African-American startup companies are vying for a coveted spot in Durham's Black Founders event.

Durham-based American Underground, along with the Google for Entrepreneurs Exchange Program, is organizing the week-long event later this year as a way to encourage diverse business startups, according to Jessica Averhart, American Underground's Director of Corporate Partnerships. 

UK International Trade Secretary Liam Fox
flickr.com/photos/number10gov/27817229713

LGBT advocates are criticizing the United Kingdom's decision to open a new trade office in the Triangle.

Raleigh To Get First Downtown Supermarket In Decades

Jul 29, 2016
Kroger announced it is buying Harris Teeter.
Mike Kalasnik via Flickr, Creative Commons

As Raleigh's housing boom continues, the downtown area is set to get its first grocery store in decades.

The company that manages Seaboard Station, a shopping center off Peace Street, announced plans to add a full-service Harris Teeter in the next two years.

An image of a CSX train
Flickr upload bot / Wiki Creative Commons

A controversial rail hub appears to have found a home in eastern North Carolina.

 

CSX first proposed building the container shipping hub in Johnston County earlier this year, but local opposition forced that project to be moved elsewhere.

Neal Moore checks on the next batch of blueberry crop to be harvested soon.
Leoneda Inge / WUNC

At the Ivanhoe Blueberry Farms in Sampson County, many of the blueberry bushes are close to eight feet tall now, with plants so close, visitors can hardly see from one row to another.

A picture of the BCBS NC Headquarters in Durham.
Jed Record / flickr.com/photos/jedstr/14797220372

Customers of the state's largest health insurance company who get their coverage through the Affordable Care Act might pay more in 2017.

Officials with Blue Cross and Blue Shield of North Carolina have asked state regulators for a nearly 19 percent rate increase for customers who buy coverage through www.healthcare.gov.

An image of Saul Berenthal and his family
Saul Berenthal

As a Jewish child in Cuba, Saul Berenthal never felt like an outsider. His parents fled to the country from Eastern Europe during the Holocaust and eventually raised Berenthal in the Jewish and Cuban cultures. After the Cuban revolution, Berenthal and family came to the U.S. in 1960 to start a new life.

Sallie Krawcheck has gone from Wall Street executive to leading Ellevate, a women's professional network.
A.E. Fletcher Photography

Note: This is a rebroadcast  

Sallie Krawcheck was once one of the most senior executives on Wall Street with top positions at Smith Barney and Merrill Lynch.

She held her own in a male-dominated industry, but after two public firings from those positions, Krawcheck took a different career path. 

RDU, Paris, Delta Air Lines
Leoneda Inge

The new non-stop Delta Air Lines flight to Paris, France from Raleigh-Durham International Airport took off without a hitch Thursday night.

Community and business leaders celebrated along with Delta staff.  They say the Paris flight is a sign North Carolina’s economy has rebounded since the recession, and is growing.

The Delta Air Lines, RDU, Paris party consumed at least four gates. There were balloons, sweets from Cary’s La Farm Bakery and lots of pictures.  But the real action was at gate C-15 as passengers prepared to board their flight to Paris.

Krispy Kreme, JAB Holding Company
Leoneda Inge

A German conglomerate is buying Winston-Salem-based Krispy Kreme Doughnuts in a billion dollar deal that will take the company private.

JAB Holding Company is buying Krispy Kreme for about $1.35 billion. Several experts say it’s a sweet deal. The German conglomerate is paying $21 a share, a 25% premium over what Krispy Kreme was worth at market close on Friday.

Bennett College for Women, Wells Fargo, Financial Advisors
Bennett College

There’s a national movement to make sure the nation’s financial advisors look like the clients they serve.

But before that can happen, there needs to be a larger number of financial advisors in the pipeline.

A new partnership between Wells Fargo and Bennett College for Women sets out to help solve the problem.

HB2, House Bill 2, Chambers of Commerce
New Media Campaigns

The state legislature begins its short session today. Regardless of the official calendar, the issue on many people’s minds is North Carolina’s new law limiting discrimination protections.  Local business groups are calling for its repeal.

Governor Pat McCrory
Hal Goodtree / Flickr Creative Commons

Governor Pat McCrory issued an executive order this week that changes some provisions in North Carolina's controversial House Bill Two.

It loosens some of the limits placed on discrimination protections for LGBT people, but it leaves the provisions on bathrooms and minimum wage restrictions in place.

The order was announced in the wake of a business backlash against HB2. Deutsche Bank said it would freeze the expansion it had planned for 250 jobs in Cary. Paypal recently halted plans to create 400 jobs in Charlotte.

A picture of a wallet with cash in it.
401(k) 2013 / flickr.com/photos/68751915@N05/6722544475/sizes/l

North Carolinians are having more trouble attaining the American Dream, according to a new report from Durham-based research center MDC and the John M. Belk Endowment.

Image of Jim Goodmon, CEO of Capitol Broadcasting Company
Capitol Broadcasting Company

Jim Goodmon was immersed in the world of broadcasting as a young kid, watching his grandfather build Capitol Broadcasting Company from the ground up. He spent his teen years driving around eastern North Carolina giving away free TV antennas to encourage people to start tuning into WRAL.

An image of 'The Road Taken' by Henry Petroski
Bloomsbury Press

Approximately 65,000 bridges in the U.S. are considered "structurally deficient," according to the latest report from the American Society of Civil Engineers. With roads in constant need of repair and bridges collapsing, America's infrastructure is at a crossroads, says author Henry Petroski.

Image of Meredith Sawyer, early childhood educator in Greensboro who earns less than a living wage
Duke Center for Documentary Studies

An estimated 20 percent of North Carolinians earn less than a "living wage."

Advocates refer to that term as the household income needed to cover housing, food, child care, healthcare, transportation, taxes and other necessities.

A new interactive video exhibit from the Center for Documentary Studies at Duke University tells the stories of these workers and explores the options for new policies that might help them. 

Image of children eating lunch
U.S. Department of Agriculture

A report out of Duke University says the Great Recession had a multi-year negative impact on child well-being in America.

Though the recession occurred from 2007-2009, children felt the effects from the downturn through 2012.

An image of the cover of "Harness the Sun: America's Quest for a Solar-Powered Future"
Beacon Press / Beacon Press

The use of solar energy is increasing in America, but the renewable energy source is not cost-free. Solar energy provides a cleaner alternative to other energy sources like coal, but still poses a threat to natural habitats and for homeowners who cannot afford initial costs.

RDU
www.rdu.com

Public and private funds are now all accounted for to guarantee the new RDU to Paris flight takes off on time.

Blue Cross Blue Shield pen
frankieleon / Flickr Creative Commons

Enrollment errors with Blue Cross and Blue Shield created challenges for 25,000 customers. Several factors contributed to the problem including an extension to sign up for the Affordable Care Act and a software transfer within Blue Cross.

An image of the Greensboro city skyline
Turboknowledge / Wiki creative commons

The Triad region was a case study for many of North Carolina's top news stories in 2015. Greensboro is part of the lawsuit against the latest round of redistricting in the state. The merger between Reynolds American Inc. and the Lorillard Tobacco Company rocked the local economy. Many of the effects of the 2015 events will carry into the new year. 

A picture of the BCBS NC Headquarters in Durham.
Jed Record / flickr.com/photos/jedstr/14797220372

Blue Cross and Blue Shield of North Carolina is scrambling to make things right for customers who purchased their own health insurance.

Image of Greensboro Skyline
Beyonce245 / Wikimedia Commons

Greensboro's economy is recovering from the recession, according to the city's annual growth and development trends report.

Planning Department Director Sue Schwartz says the recession hit Greensboro early, when the local textile and furniture manufacturing jobs moved overseas. Schwartz says aviation manufacturing jobs are making a difference.

"We've seen smaller scale manufacturing coming back, but we've also seen growth in the financial sector and in health care. So we're a more diversified economy, but it takes a while to get to that point."

Gov. Pat McCrory stands at a podium and speaks to the Emerging Issues Forum on Monday.
Dave DeWitt

At the annual Economic Forecast Forum Wednesday, executives and Governor Pat McCrory convened to share their opinions on the state’s economic climate.

Many economists were optimistic, saying 2015 was a big year, but 2016 looks even better. Wages are up, the work force is growing, and even more job growth is projected for the coming year.

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