Business & Economy

Business & Economy
6:40 am
Thu December 20, 2012

Herbalife Bringing 500 Jobs To Triad

A nutrition and skin care company has selected Winston-Salem as the site for its new east coast manufacturing plant. Herbalife will bring nearly 500 new jobs to the city.

The California based company chose a Winston-Salem plant that was previously occupied by Dell. The computer maker couldn't meet certain job thresholds and later returned all of the economic incentives it received from the City and County. Herbalife is purchasing the facility from Dell for $22 million, less than half of the property's value. Mayor Allen Joines.

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Business & Economy
8:30 am
Wed December 19, 2012

Community Lenders Help Small Businesses

A new report takes a close-up look at Community Development Financial Institutions across North Carolina and the lending gap they have filled. 

The report was commissioned by The Support Center based in Raleigh. It’s one of 17 Community Development Financial Institutions or C-D-F-I’s in the state.   In 2010 – C-D-F-I’s financed 33-thousand consumer and business loans.  Lenwood Long is President and C-E-O of the Support Center.

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Business & Economy
5:50 pm
Tue December 18, 2012

AAA Expecting 2.5 Million Travelers This Holiday Season

More than two and a half million North Carolinians are expected to travel during the next couple of weeks. AAA expects a two-percent increase in travel this holiday season. Angela Daley, with AAA Carolinas says gas prices are down only slightly from a year ago, but have fallen significantly in the last few months.
 

Angela Daley: "The average price of gas right now in North Carolina is $3.23 and that's down about 62 cents since it peaked in mid-September, so its been falling pretty steadily and it's even down eight cents from where it was before Thanksgiving."

Business & Economy
9:55 am
Thu December 13, 2012

CFOs Worried About "Fiscal Cliff"

Pessimism is growing among Chief Financial Officers as debate continues over how to address the impending “fiscal cliff.”  The results of the latest Duke University – CFO Magazine Survey are in.

Campbell Harvey:  "Given the uncertainty of the fiscal cliff, that the CFOs are giving us the very strong message that they have stopped hiring."

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Business & Economy
1:10 pm
Wed December 12, 2012

Southeast Raleigh Residents Worry About Grocery Options

Two Kroger food stores are set to close next month in southeast Raleigh, leaving some residents worried about where they will buy groceries. The company plans to shut down locations on Martin Luther King Jr. Blvd. and New Bern Ave. next month. Kroger tells the property owner it's not making money at those stores. But the federal government already considers the area a food desert, meaning residents have limited access to fresh food. City Council member Eugene Weeks represents southeast Raleigh.

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Business & Economy
9:05 am
Thu December 6, 2012

Changes Proposed to Unemployment Benefits

Many people could end up paying more with the latest draft proposal to overhaul the state’s unemployment system and re-pay the federal government. 

Tessie Bethel is a laid off custodian.   Her unemployment runs out before Christmas.  She gets 179-dollars a week.

Tessie Bethel:  "I had to pay 85-dollars for an eye exam yesterday.  It’s gone. I only have 40-dollars left for up until next Tuesday again. It  doesn’t last."

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Business & Economy
6:30 am
Wed December 5, 2012

Youth Employment Lowest Since WWII

A nnational report shows the number of working teenagers and young adults is at its lowest point in 50 years. 

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Business & Economy
5:00 am
Tue December 4, 2012

NC Agriculture Exports Hit Record $3.75 Billion

North Carolina Agriculture products are in growing demand around the world according to new numbers from the US Department of Agriculture.

The USDA reports North Carolina agriculture exports hit 3.75-billion dollars last year.  That makes the state 11th in the nation for overall ag exports.  The latest export numbers also set a record for North Carolina.  Peter Thornton is an International Marketing spokesman for the state ag department.

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Business & Economy
5:10 pm
Mon December 3, 2012

Utilities Commission Approves Settlement With Duke Energy

State regulators have accepted the terms of a settlement with Duke Energy over its merger with Progress Energy.

The utility commission's vote was unanimous on the agreement terms announced last week. Duke Energy will move ahead with changes that include Jim Rogers' retirement as C-E-O. He plans to spend another year running the company But spokesman Tom Williams says Rogers could step away sooner.

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Business & Economy
6:45 am
Fri November 30, 2012

NC a Top Producer of Poinsettias

'Ice Punch' Poinsettia grown at NC State's Horticulture
Credit Leoneda Inge

You know the holiday season is in full swing when Christmas Trees are sprouting up on big corner lots and at most big box stores.   North Carolina is one of the top producers of Christmas Trees.  The state is also a top producer of another holiday plant – the poinsettia. 

First of all – North Carolina poinsettias are grown in-doors – in greenhouses.   The conditions have to be just right. This is a tropical plant, you know.  And the colors! Walking into a poinsettia greenhouse at N-C State is like walking into a candy store!

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