Business & Economy

Business & Economy
8:04 am
Thu May 1, 2014

Red Hat Buys California Cloud Storage Company For $175M

Red Hat bought the California-based Inktank for $175M.
Credit Red Hat

Leaders at Raleigh-based company developer Red Hat say the purchase of a California-based business will greatly boost its software storage capacity.  

Red Hat spent $175 million  to buy Inktank -- a open-source software storage provider.  The transaction is expected to be finalized later this month.  

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Business & Economy
9:22 am
Wed April 30, 2014

Which County Has The Lowest Unemployment In The State?

Credit Wikimedia Commons

Numbers from the state Commerce Department show the unemployment rate fell all across the state during the past year.  But analysts say the economic recovery is still modest.

Who has the lowest unemployment in the state? Chatham and Orange Counties - 4.6 percent. 

Where is the highest jobless rate? Graham County - 12.7 percent.

While the jobless rate fell in all 100 counties, the number of people who reported having jobs decreased in about one-third of the counties.

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Business & Economy
8:54 am
Tue April 29, 2014

Baby Boomers Worry About Their Nest Egg

A survey from PNC Financial shows that many retirees are worried about having enough money to live on.
Credit TaxCredits.net, “Retirement” / Flickr

Baby Boomers have less financial security in retirement than their parents did. That's according to a PNC Financial survey.

The company recently surveyed about 1,200 adults across the country and found that half of retirees are worried about running out of money.

Kathy Kraeblen is a senior wealth advisor for PNC in Raleigh. She said previous generation had a combination of a pension, social security and better savings habits, and they didn't live as long. But, Kraeblin said, Boomers can still learn to budget and re-adjust their investments.

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Business & Economy
9:34 am
Fri April 25, 2014

Tar Heel State In Bottom-Third Nationally For Financial Literacy; What We're Doing About It

The North Carolina Bankers Association has set up a new center to develop curriculum that can help state residents better manage their finances.
Credit Kenteegardin / Flickr

Banks, businesses and non-profits are joining forces to help North Carolianians take control of their money.

A report from the finance web site WalletHub found that the Tar Heel State ranks in the bottom-third nationally for financial literacy.

Jan Dillon is the director of the new North Carolina Center for Financial Literacy.  She said financial literacy is knowing the skills to live comfortably within one's means, like budgeting, saving and planning.

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Business & Economy
8:42 am
Fri April 25, 2014

Who Should Run NC Pension Fund: State Treasurer? Or Board Of Trustees?

Credit RambergMediaImages / Flickr/Creative Commons

There's a good chance Treasurer Janet Cowell will give up sole control of the state pension fund.

A commission set up to review North Carolina’s Retirement Systems investment program has recommended the state shift how the pension fund is run.

The North Carolina Investment Fiduciary Governance Commission recommends the state move from a sole fiduciary investment system to a model governed by a board of trustees.

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The State Of Things
4:09 pm
Thu April 24, 2014

Tupelo Honey Cafe Cookbook Showcases Appalachian Cuisine

Tupelo Honey Cafe cookbook
Credit Tupelo Honey Cafe

Southern food is a popular cuisine in many foodie circles. But an Asheville restaurant seeks to highlight a subgenre of Southern food: Appalachian cuisine. Chef Brian Sonokus of Tupelo Honey Café and co-author Elizabeth Sims demonstrate the versatility of Appalachian cuisine in their new book, Tupelo Honey Café: New Southern Flavors From The Blue Ridge Mountains. Host Frank Stasio talks with Sonokus and Sims about the expansion of Tupelo Honey Café and their new book. 

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Business & Economy
11:07 am
Thu April 24, 2014

The Solar Suitcase: Sharing Big Ideas At SwitchPoint

SwitchPoint 2013
Credit SwitchPoint

There's a fascinating conference happening Thursday and Friday at the Haw River Ballroom in Saxapahaw. It's called SwitchPoint. This is the conference for you if you're interested in things like using technology for good, social entrepreneurship and creativity/design.

The attendees are the kind of people who are doing the most interesting things in our society: printing 3-D organs, crowdsourcing crisis response via text, building medical devices out of broken toys.

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Business & Economy
8:05 am
Thu April 24, 2014

GlaxoSmithKline, Novartis, Lilly Part Of Drug Asset Swap

GSK Scientist. The company says much of its focus is on respiratory therapy and HIV drugs in RTP.
Credit www.gsk.com

Big changes and asset swaps in the pharmaceutical world are happening this week, but the Triangle should be spared of any fall-out.

One of the big moves in this chess game includes Switzerland-based Novartis agreeing to spend up to $16 billion for GlaxoSmithKline’s cancer drug business in Pennsylvania.

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The State of Things
12:20 pm
Wed April 23, 2014

Study Shows Women Entrepreneurs Leadership Limited

Entrepreneur workshop
Credit creative commons

The number of female business-owners in the United States is strikingly low, but the number of couples going into business together is rising. However, a new study shows that when married women go into business with their husbands, they are less likely to maintain a leadership role. Howard Aldrich is a professor and chair of the sociology department at the University of North Carolina at Chapel Hill. 

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Business & Economy
9:29 pm
Tue April 22, 2014

NC State Employees Association 'Blows Whistle' On Pension Fund

Credit Flickr user 401(K)2013

An Ohio-based financial services company claims North Carolina’s Pension Fund is one of the worst managed in the country. 

Benchmark Financial Services was hired by the State Employees Association of North Carolina (SEANC) to conduct a forensic investigation of the state pension fund.

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