Business & Economy

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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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.

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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.

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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.

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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.

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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.

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Business & Economy
5:04 pm
Tue July 9, 2013

Kroger Is Buying Harris Teeter Supermarkets For $2.5 Billion

Kroger announced it is buying Harris Teeter.
Credit Mike Kalasnik via Flickr, Creative Commons

Leoneda Inge reports on Kroger, Harris Teeter merger.

Two of the largest grocery store chains in North Carolina announced their merger Tuesday.  Kroger is buying North Carolina-based Harris Teeter in a deal worth $2.5 billion.  Kroger will also pay cash for all of Harris Teeter's outstanding shares for $49.38 per share.

Kroger CFO Mike Schlotman told investors today there are no plans to close any Harris Teeter supermarkets or remove the banner from buildings.

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Business & Economy
7:20 am
Mon July 8, 2013

'The Farmery' Wants To Reinvent The Grocery Store

The Farmery sits outside Burt's Bees at American Tobacco.
Credit Leoneda Inge

There’s a movement in the Triangle to reinvent the grocery store.  A prototype of this new urban market is open for business at American Tobacco in Durham.  It’s called The Farmery

The urban market is made out of a converted 20 foot by eight foot shipping container with living wall planters hanging outside.  The concept of The Farmery is to grow and sell at the same site.

“Almost every person that walks by asks us a question, when, where, why, how, what’s this for?” 

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Business & Economy
5:00 am
Fri July 5, 2013

Are Employers Misunderstanding Facebook Posts?

Employers could make wrong assumptions about job applicants based on Facebook posts.

New research out of NC State shows it might not be smart for employers to rely so heavily on social network sites to write off potential candidates.  Yes, you can find almost anything on the internet, including videos like this one on About.com on how to prepare for an employer’s social network check.

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Business & Economy
4:21 pm
Fri June 28, 2013

Big China Tobacco Company Opens Office In Cary

A tobacco farmer in Rockingham County, NC.
Credit Jim Dollar via Flickr, Creative Commons

A Chinese tobacco company has announced plans to open its North America headquarters in North Carolina.  The state Agriculture Department has worked hard to bolster trade relations with China.  And it’s paid off.

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