Business & Economy

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.”

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
Business & Economy
5:00 am
Fri July 19, 2013

Sales Tax Holiday On The Chopping Block

A provision in the bill would eliminate the annual sales tax holiday.
Credit Laura Candler

North Carolina's annual sales tax holiday will end if a bill to overhaul the tax code becomes law.  A provision in the proposal eliminates the sales tax-free weekend that usually happens in early August, starting next year.

Read more
Business & Economy
4:59 pm
Tue July 16, 2013

Fatal Swine Disease Could Strike NC Hog Industry

A North Carolina hog house.
Credit Bob Nichols, USDA NRCS

A fatal swine disease is striking the nation's hog industry. Porcine Epidemic Diarrhea Virus or PED is usually deadly for baby pigs. Its symptoms resemble dysentery, and it's spread through bodily secretions. Tom Ray, director of Livestock Health Programs for the state department of Agriculture and Consumer Services, says so far, there have been only four confirmed cases in North Carolina. He expects the impact for farmers and the state's economy to be significant.

Read more
Business & Economy
10:48 am
Thu July 11, 2013

GlaxoSmithKline Executive In China Confesses To Paying Bribes

Credit GlaxoSmithKline

Authorities in China say a number of senior executives working for GlaxoSmithKline in that country have been placed under criminal investigation for suspected bribery and tax related violations.  The British pharmaceutical company's US headquarters are in Research Triangle Park. 

In an interview broadcast on WUNC, the BBC’s John Sudworth reported that the ministry of public security said the employees offered large bribes to officials, medical associations, hospitals and doctors to boost drug sales.

Read more
Business & Economy
9:16 am
Thu July 11, 2013

AARP Honors BCBS Of North Carolina For Older Workforce

Blue Cross Blue Shield NC headquarters.
Credit Blue Cross Blue Shield NC

Leoneda Inge reports on AARP award given to BCBS.

Blue Cross and Blue Shield of North Carolina has been honored by AARP as one of the best employers in the country for workers over 50.  Blue Cross and Blue Shield employees are especially proud of this award.  About 25% of the insurance company’s workers are aged 50 and over.

Read more
Business & Economy
5:50 pm
Wed July 10, 2013

Aqua NC To File For Another Rate Increase

Aqua NC will file for its 3rd rate increase in 5 years.
Credit Wikimedia Commons

The private water utility Aqua North Carolina says it plans to file for its third rate increase in five years.  The company notified the state Utilities Commission last week that it will file a formal request in August.  It's not yet clear how much Aqua will ask to raise its rates.  The company last requested an increase of 19 percent in 2011, and the Utilities Commission approved an increase of about 5 percent.

Read more

Pages