Business & Economy

Business & Economy
9:00 am
Mon July 30, 2012

Raleigh Metro Shines in Economic Recovery

The latest unemployment numbers released by the North Carolina Department of Commerce show an increase in most of the state's 100 counties. And when you cross county lines and combine cities into metro areas, the jobless rate still seems to be on the rise again. But there is one area of the state that continues to out-perform all others, the Raleigh - Cary metropolitan area.

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Business & Economy
9:00 am
Fri July 27, 2012

Watchdog Continues Duke Progress Merger Fight

The watch-dog group NC Warn continues to fight against the merger of Duke Energy and Progress Energy.  Yesterday the group filed motions with state regulators to try to re-open the merger hearings.

Leoneda Inge:  One claim NC Warn is making involves more than two-billion dollars Duke Energy plans to spend repairing and upgrading Progress Energy’s nuclear plants.   Jim Warren is executive director of NC Warn. He says Duke Power never disclosed that figure during the merger hearings. Warren fears customers will end up paying in the end.

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Business & Economy
7:00 am
Tue July 24, 2012

NetApp Plans Expansion in RTP

A data storage and development company in Research Triangle Park plans a major workforce expansion. 

Gurnal Scott: Governor Bev Pergue couldn't be happier about what NetApp is setting out to do.

Bev Perdue: Creating 460 new jobs and investing 75 million dollars for the next four years right here.

NetApp has a reputation nationally as one of the best places to work. Senior Vice President Denise Cox says that's mostly because they attract people motivated to succeed

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Business & Economy
5:50 pm
Fri July 20, 2012

Duke Energy Board Members Testify

There were signs early in the Duke-Progress Energy merger process that Bill Johnson would not have a long tenure at the combined company.  Ann Gray is the lead director on the Duke Energy board of directors.   She told the North Carolina Utilities Commission today the board did not have a good impression of Johnson at one of their first meetings in 2010.

Ann Gray:  He did describe himself as being an individual who likes to learn but not be taught. That was an expression that stayed with our board and we watched for that to develop.

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Business & Economy
9:00 am
Fri July 20, 2012

Ousted Duke Energy CEO Bill Johnson Speaks

The North Carolina Utilities Commission spent hours yesterday questioning ousted Duke Energy CEO Bill Johnson.  The former Progress Energy leader says he was stunned by the controversial turn of events that transpired once the two companies merged.

Edward Finley:  There were no issues with respect to who would be the president and who would be the CEO.

Bill Johnson:  No, there were a lot of interesting questions and issues in the hearings, but that was not one of them.

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Business & Economy
6:40 am
Thu July 19, 2012

Highly Skilled Immigrant Workers in Demand in Durham

A new study from the Washington DC-based Brookings Institution finds highly skilled immigrant workers are in high demand in Durham.

Asma Khalid: The Brookings study compares requests for H1-B visas in metro areas across the nation.  Jill Wilson co-authored the report.  She says Durham's population may be small but its demand for IT workers from abroad certainly is not.

 Jill Wilson: So it's really high, in terms of its request for 1,000 workers it ranks third in that measure.

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Business & Economy
6:25 am
Tue July 17, 2012

Durham Revitalization Project on Southside

The City of Durham has struggled for decades to revitalize a section downtown near the Durham Freeway.  Today there is a groundbreaking to celebrate new plans for the area. 

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Business & Economy
6:13 pm
Thu July 12, 2012

North Carolina #4 State in the Nation for Business

North Carolina is the fourth best state in the country for business, according to a new survey from CNBC.

Asma Khalid: According to the CNBC study, North Carolina performed particularly well in the transportation and workforce categories.  Lew Ebert is the president of the North Carolina Chamber of Commerce.

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Business & Economy
6:30 am
Wed July 11, 2012

Duke Energy CEO Defends Leadership Change

State regulators had some tough questions for Duke Energy’s CEO at a hearing in Raleigh yesterday. They wanted to know why the company switched CEOs as soon as its merger with Progress Energy was completed.

Ed Finley: Mr. Rogers, if you'll come around and be sworn please.

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Business & Economy
5:00 am
Thu July 5, 2012

Bankers List Foreclosed Properties

The down economy has brought with it a lot of foreclosed properties. The North Carolina Bankers Association has developed a website to help get this real estate sold. 

Leoneda Inge:  The new website is called REO Deed Wagon dot com. REOs are real estate owned properties owned by the lender, in this case, a bank.  Brandon Wright is a spokesman for the North Carolina Bankers Association.  He says their goal is to have as many as two thousand properties listed by the end of the year.

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