Business & Economy

Business & Economy
5:09 pm
Fri September 20, 2013

NC Jobless Rate Dips Slightly in August

North Carolina jobless rate for August 2013 is 8.7%.
Credit NC Policy Watch

The state’s jobless rate in August 2013 is the lowest it’s been in the past year.  But there is still a big loss in payroll jobs.

North Carolina’s unemployment rate is 8.7%, down 0.2 of a percentage point from July and nearly a full point down from this time last year.  The national jobless rate is 7.3%.

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Business & Economy
5:01 pm
Fri September 20, 2013

U.S. Panel Rules Shrimp Industry Not Harmed By Imports

Fresh shrimp catch at O'Neal's Sea Harvest in Wanchese
Credit Leoneda inge

A governmental panel has ruled that the U.S. shrimp industry isn't being injured by foreign imports. The news is a blow to North Carolina's shrimp industry.

Earlier today, the U.S. International Trade Commission voted four to two that the domestic shrimp industry has not been harmed by imports from China, Ecuador, India, Malaysia and Vietnam.

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Business & Economy
9:03 am
Thu September 19, 2013

Duke Energy To End Retiree Benefit Packages

Credit Duke Energy

Duke Energy is dropping its practice of paying for retirees' health benefits.  The country's largest utility joins companies like IBM, General Electric and Time Warner in the policy change.

 Instead of covering insurance for more than 14,000 retirees, Duke Energy will give them a yearly stipend.  Retirees can use that payment to buy their own coverage.  Dave Scanzoni is a company spokesman.

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Business & Economy
5:00 am
Tue September 17, 2013

Morrisville Nursery Serves South Asian Immigrants

Anil Gandhi stands next to a Tulsi shrine at his nursery, Vedic Gardens.
Credit Jessica Jones

When South Asian immigrants to this country get homesick, there’s a good chance they can probably locate an Indian restaurant or grocery store to remind them of home. Finding a place that stocks the plants and trees they grew up with is much harder.

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Business & Economy
2:12 pm
Mon September 16, 2013

Triangle Residents Urged To 'Try Transit' This Week

Capital Area Transit buses in Raleigh
Credit City of Raleigh

Triangle residents are being invited this week to consider public transportation as a commuter option.  Local and regional systems are taking part in "Try Transit Week" hoping to get people out of their cars and on a bus to work or play. 

 Capital Area Transit is offering special events every day to entice new riders.  Lindsay Pennell handles marketing for the Raleigh bus service.  She says over the years they've been able change some people's transportation choice.

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Business & Economy
5:56 am
Mon September 16, 2013

School Renovation Helps East Durham Revitalization

Self Help's Tucker Bartlett with Maureen Joy Charter School students at ribbon cutting on South Driver Street.
Credit Leoneda Inge

There’s a section of East Durham undergoing major revitalization, and in the middle of it all is the oldest existing school building in the city.

But today, more than 100 years later, the old East Durham Graded School has been renovated in grand style.  The project is getting a lot of attention and economic developers and neighbors hope it’s the spark that will keep community revitalization going.

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Business & Economy
4:33 pm
Tue September 10, 2013

Walgreens To Buy NC's Kerr Drugstores

Kerr Drugstore in Hillsborough, NC.
Credit Wikipedia

The largest drugstore chain in the United States is buying out North Carolina-based Kerr Drug.

The banner on the Kerr Drug website says it’s North Carolina’s only hometown pharmacy.  But after more than 60 years, Kerr Drug is losing that designation. Walgreens announced today it’s acquiring Kerr’s drugstores and its specialty pharmacy business that fills prescriptions for chronic, complex treatments like cancer.

Michael Polzin is a spokesman for Walgreens, based in Illinois.

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Business & Economy
9:29 am
Mon September 9, 2013

NC Bankers Talk Mortgages In Recovering Housing Market

Credit City of Raleigh

National housing experts are in Raleigh today to talk about the future of the mortgage market. 

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Business & Economy
12:22 pm
Fri September 6, 2013

Triangle CEOs Spend The Night Homeless

Mital Patel of Triangle Business Law with his cardboard box at the United Way's 'CEO Sleep Out.'
Credit Leoneda Inge

A group of community and business leaders spent the night under the stars last night, right across from the Durham Performing Arts Center.  The United Way event was designed to bring attention to homelessness and poverty in the Triangle. 

They made their beds out of cardboard refrigerator boxes – laid out or propped up on the grass between DPAC and the railroad tracks.

Kari Stoltz is Triangle Market President for Bank of America.  As she prepared for the night, Stoltz grabbed her khaki baseball cap.

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Business & Economy
4:28 pm
Wed September 4, 2013

Insecticide Producer BASF Expands Research Facility In RTP

An aerial view of BASF's Crop Protection and PlantScience site in Research Triangle Park.
Credit BASF

Officials with a leading plant sciences company have expanded their presence in Research Triangle Park.  BASF cut the ribbon today on new lab, office and greenhouse space.  The expansion cost $33 million. 

The new addition includes an insect production facility, or an "insect zoo," to aid in testing bug-killing agents.  Nigel Armes is BASF's director of research and development.  He says the facility is key in establishing the company as a leader in insecticide production.

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