Business & Economy

Business & Economy
11:26 am
Tue July 15, 2014

Two North Carolina-Based Tobacco Giants To Merge

Lorillard's major brands
Credit Lorillard

America's second and third-largest tobacco companies have announced the terms of a potential merger. Reynolds American Inc. will buy Lorillard for $27.4 billion. The Newport cigarette brand will follow Lorillard to Reynolds, where it will join Camel and Pall Mall, and VUSE (Reynold's e-cigarette brand).

Reynolds is based in Winston Salem, NC. Lorillard is located in Greensboro.

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The State of Things
12:33 pm
Fri July 11, 2014

How The World Cup Moves Stock Prices

Credit Flickr/Sonny Abesamis

    

As the 2014 World Cup draws to a close, all eyes are on Brazil. Historical data shows the effects of this tournament may go far beyond the walls of the stadium.

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The State of Things
11:20 am
Thu July 10, 2014

Dirty Business

Michael Christian
Credit kenan-flagler.unc.edu

Former stockbroker Bernie Madoff and former New York Times journalist Jayson Blair share infamy for their unethical business decisions.

A new report considers the psychology behind these transgressions and shows that misdeeds tend to escalate into larger scandals over time.

Life's difficult choices rarely present themselves in one dramatic question or one big decision. Instead, our most important choices in life, including ethical ones, present themselves in small baby steps.

-Jayson Blair  

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Business & Economy
7:48 am
Wed July 9, 2014

Hurricane Arthur Damaged Hyde County Corn Crops

Ag Commissioner Steve Troxler tours Wilson Daughtry's crop damage in Hyde County.
Credit Brian Long

The path that Hurricane Arthur took last week hit an area of the state where a lot of corn is grown.  And several farmers will be affected.

State Agriculture Commissioner Steve Troxler and staff traveled by Forest Service plane to see the crop damage first hand.  Ag spokesman Brian Long says a lot of the damage was in Hyde County, known for growing corn.

“There are parts of Hyde County where you can just look and you would almost think you were somewhere in the Midwest, because it’s just is corn, and corn, and corn," said Long.

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Business & Economy
8:37 am
Wed July 2, 2014

NC Economic Recovery Concentrated In Triangle

NC county jobless rates are rising again, but still down over the year.
Credit NC Commerce

The latest North Carolina jobless numbers show a spike in county unemployment rates from Alamance to Yancey.  But there has been some positive movement over the past year.

May jobless numbers released by the NC Commerce Department show 92 counties with a higher unemployment rate than the month before.  But from this time last year, all 100 counties saw their unemployment rates drop.

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Business & Economy
8:30 am
Wed July 2, 2014

Tropical Storm Might Send Holiday Travelers To The Mountains

A tropical storm could impact the Outer Banks this July 4th weekend. Asheville is getting ready for holiday travelers, and might see some people redirected by the storm.
Credit Ian Britton / Freefoto.com

AAA is forecasting the busiest July 4th travel weekend since 2001, in part because of a recovering economy. But with a tropical storm headed toward the Outer Banks, travelers might end up making other plans.

It's not yet clear whether Tropical Storm Arthur will make landfall in North Carolina, but Dare County is readying its hurricane action plan, just in case.

On the other side of the state, tourism is up already in Asheville this summer.

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Business & Economy
8:40 am
Tue July 1, 2014

The New Hub For Hops: Western NC

Asheville now has more microbreweries per capita than any other American city.
Credit Wikipedia

In less than five years the number of craft beer breweries in North Carolina has more than doubled. From Manteo to the mountains - tasting rooms, tap houses and local seasonal drafts are pouring in. Asheville now has more breweries per capita than anywhere in the country. 

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Business & Economy
7:58 am
Tue July 1, 2014

Raleigh Considers Making Businesses Remove 'Ad Cars' From Roadside

Some businesses wrap a car in their advertising and park them by the road to double as a sign.
Credit Nicolelajones / Wikipedia

The Raleigh Planning Commission wants to close a loophole in the city's sign ordinance. This morning, they'll present a proposal to the City Council that would force businesses to move vehicles emblazoned with company information away from the street.

The measure would require the vehicle to be parked behind the building or near the entrance to the business.

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Business & Economy
7:46 am
Mon June 30, 2014

Garbage Power: Landfill Generates Enough Energy For 4,000 Homes

Gasses produced inside the South Wake Landfill are being used generate power for Duke Energy's grid.
Credit Rebecca Martinez / WUNC

The South Wake Landfill in Apex is putting its garbage to work. Wake County recently hosted an open house for its landfill gas power plant.

Solid Waste Director John Roberson said the plant is making money and producing electricity from the garbage that's decomposing inside the dump and cutting down on bad smells there.

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Business & Economy
2:18 pm
Tue June 24, 2014

[VIDEO] Alamance County Dairy Farmer Has Innovative Idea That Might Save Farm

Ran-Lew Dairy bottles milk on the farm. They are the 6th in the state to do so.
Mike Oniffrey

Randy Lewis almost lost the family dairy farm in 2009. The price of milk had bottomed out, and costs for feed, fertilizer and fuel had gone sky-high.

"It was either find some other way to make money or sell the cows and quit," he says.

But Randy had an idea that might just save the farm. He's bottling milk right on-site. Of the 150 dairy farmers in the state, only five bottle their own milk. And Randy's figured out how to do it without shelling out a lot of money.

Watch the story here:

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