Business & Economy

Business & Economy
2:00 pm
Tue August 6, 2013

Study Reveals Poor Conditions For Female Migrant Domestic Workers

Female migrant domestic workers often face less than ideal conditions at their new homes.
Credit Evil Erin

It's not uncommon for women from developing countries to migrate to richer nations looking for jobs and better living conditions. They often find jobs as domestic workers, but all too often, these women experience abuse, illness, mental health problems and limited access to medical care once they arrive at their new homes.

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The State of Things
11:50 am
Mon August 5, 2013

North Carolina Journalist Gives A Behind-The-Scenes Look At Local Media

I Never Promised Not To Tell by Grady Jefferys
Credit Amazon.com

  Originally broadcast March 13, 2013

Frank Stasio talks with journalist and author Grady Jefferys.

The Pew Research Center released its annual State of the Media report for 2012, and television news viewership is down. Political coverage has declined, and on local TV news, 40 percent of the content is made up of traffic, sports and weather. Meanwhile, newspaper newsrooms in 2012 employed 40,000 people, the smallest number of full-time journalists since 1978.

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Business & Economy
8:54 am
Fri August 2, 2013

Aviation Training Center Opens In Currituck County

Currituck County Regional Aviation and Technical Training Center under construction in 2012.
Credit College of The Albemarle

State dignitaries are in northeastern North Carolina this morning for the official opening of the new Regional Aviation and Technical Training Center in Currituck County.

Currituck County has been waiting a long time for this Aviation and Technical Training Center and it took a lot of money to make it happen - $7.1 million.

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Business & Economy
9:34 am
Thu August 1, 2013

House Of Raeford Cuts 1,000 Turkey Jobs

North Carolina is one of the top turkey production states in the country.
Credit Curt Gibbs

Nearly 1,000 workers at House of Raeford Farms slaughter plant in Hoke County will be officially out of jobs today.

It’s the end of an era for the town of Raeford. Some of the 950 workers at the turkey slaughter house will retire, some will be transferred to other House of Raeford poultry plants and cook facilities, and many will be jobless.

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Business & Economy
4:35 pm
Mon July 29, 2013

United Steelworkers Union Reaches Deal With Goodyear, Calls Off Strike

The strike would have begun at midnight on Saturday.
Credit Gmanviz via Flickr, Creative Commons

The United Steelworkers Union has reached an agreement with Goodyear Tire and Rubber Company that will avoid a strike at several facilities across the country, including the Goodyear plant in Fayetteville.

The negotiations were over a four-year labor agreement for 8,500 hourly employees at six plants. Terry Brewington is Vice president of the Fayetteville office of United Steelworkers. He said his union was fighting for cost of living raises, more vacation time for new hires and increased wages for people hired after 2006.

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Business & Economy
4:15 pm
Fri July 26, 2013

Leaders Discuss How To Build NC's Biopharmaceutical Industry

RTP headquarters.
Credit Ildar Sagdejev

Leoneda Inge reports on Bio-Pharma discussion at GlaxoSmithKline.

GlaxoSmithKline hosted a gathering today in RTP for policy, non-profit and business leaders in the biopharmaceutical industry.

Jack Bailey, a Senior Vice President at GSK, says there are well over 100,000 North Carolinians working in the Life Sciences, 5,000 of them at his company.

“So it’s a very big important industry, it’s created a lot of jobs," Bailey says. "And really what we want to do today is start a discussion on how, at this great change in health care, we can make sure both federal, state and local policy decisions get made that continue to accelerate that innovation that comes out of companies like GSK.”

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Business & Economy
10:00 am
Fri July 26, 2013

How Good Is North Carolina’s Business Climate?

Small businesses in Brightleaf Square shopping center.
Credit Laura Candler

It depends on what you consider good for business. If you head to the North Carolina Department of Commerce’s website, you can see many of the positive rankings North Carolina has received from business media outlets: No. 1 Best Business Climate from Site Selection in 2012, No. 4 Best State for Business by Forbes in 2012, No. 4 America’s Top States for Business by CNBC in 2012.  Most of the organizations doing the ranking look at a similar group of factors, although they each give those factors different weight in their decisions.

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Business & Economy
7:45 am
Fri July 26, 2013

Will NC's New Business Tax Rate Equal New Business?

Gov. McCrory was on hand when Lenovo officially opened its first US manufacturing plant in Whitsett.
Credit State of North Carolina

Leoneda Inge reports on NC's new corporate tax rate.

North Carolina Gov. Pat McCrory signed major tax reform legislation into law this week, keeping one of his most ardent campaign promises. 

The governor and his conservative Republican base have consistently said North Carolina would be better able to attract business to the state with lower taxes.

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Business & Economy
5:12 pm
Wed July 24, 2013

HanesBrands Buys Maidenform In $547 Million Deal

HanesBrands is based in Winston-Salem.
Credit HanesBrands

Winston-Salem based HanesBrands is buying bra maker Maidenform for approximately $547 million. The deal would add several brands to the company's already existing line of Playtex, Wonderbra and Hanes. The company hopes the acquisition will increase profits as well as production.

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Business & Economy
5:50 pm
Fri July 19, 2013

NC Labor Force Shrinks, Jobless Rate Unchanged

Leoneda Inge reports on NC June Jobless rate.

The state’s unemployment rate remained unchanged for the month of June.  But analysts say there are underlying problems the state should be concerned about.  North Carolina’s unemployment rate was 8.8% in June.  The same as in May.  The national unemployment rate also remained steady at 7.6% in May and June.

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