Business & Economy

Business & Economy
11:07 am
Wed April 24, 2013

Sutton’s Drug Store Celebrates 90 Years In Business

Sutton's Drug Store in downtown Chapel Hill.
Credit courtesy of Sutton's Drug Store

Ask any long-time Chapel Hill resident to name a few of the town’s business icons, and Sutton’s Drug Store is likely to come up. Founded in 1923, the old fashioned pharmacy has been open for 90 years and celebrates that fact today with a special deal for its customers: from 11:00 to 4:30, hot dogs, Cokes and French fries will be only a nickel, reflecting the store’s 1923 prices. They’re expecting several hundreds of customers.

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Business & Economy
11:02 am
Wed April 24, 2013

NC Furniture Shines At High Point Market

Pieces from Stanley Furniture's Young America collection.
Credit High Point Market

Twice a year, in April and October, High Point becomes the center of the furniture and home furnishings world.   This week, Stanley Furniture is getting a lot of attention, showing off its new space.  Stanley recently moved to High Point from Virginia.  It’s just one sign of  growth in the furniture industry in North Carolina after years of decline.

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Business & Economy
9:34 am
Wed April 24, 2013

Duke Study: Minorities Dig Deeper In Their Pockets To Buy Homes

Credit Coastal Properties via Flickr, Creative Commons

Blacks and Hispanics are paying significantly more in home prices than whites. That's according to new research out of Duke University that tracked more than two million home sales in Chicago, San Francisco, Washington D.C. and L.A.

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Business & Economy
5:37 pm
Tue April 23, 2013

American Tobacco Trail's I-40 Pedestrian Bridge Goes Up This Weekend

An artist rendering of the ATT bridge over I-40.
Credit City of Durham

Structural engineers will put a pedestrian bridge over I-40 this weekend.  Work crews will stay busy overnight Sunday to install the addition to the historic American Tobacco Trial.  The bridge is a major step in adding four miles to the American Tobacco Trail that connects the existing portion to a stretch that ends at the Chatham County line.

Ed Venable, an engineer on the bridge placement project,  says I-40 will have to be shut down to put this bridge --  now in four sections -- in place.

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Business & Economy
3:45 pm
Fri April 19, 2013

High Point Market Gets Underway

One of several showroom spaces at High Point Market.
Credit High Point Market Authority

The High Point Market kicks off Saturday.  It’s the largest home furnishings trade show in the world.  Dignitaries and celebrities will make the rounds.  U.S. Senator Kay Hagan and Governor Pat McCrory will "do market" this spring.  McCrory will meet with more than 40 furniture industry leaders who recently sent him a letter in support of funding for the High Point Market Authority.  A budget proposal released earlier this month showed significant cuts to the market authority.

Tom Conley, president and CEO of the High Point Market Authority, says he’s glad the governor reversed course.

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Business & Economy
2:00 pm
Thu April 18, 2013

Can The Pitch Of Your Voice Affect Your Income?

Jeff Immelt, CEO of GE.
Credit Ed Schipul via Flickr, Creative Commons

A new study from Duke University says it can. Research finds that male CEOs with deeper voices make more money, manage larger firms, and have a longer tenure than those with higher pitched voices. The study follows another published last year by Duke scientists revealing that deep-voiced people are perceived to have better leadership qualities.

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Business & Economy
7:42 am
Thu April 18, 2013

Missing: Diversity On NC Corporate Boards

A new study shows large corporate boards in North Carolina are less diverse than the boards of Fortune 100 companies. 

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Business & Economy
11:22 am
Tue April 16, 2013

Meals On Wheels Feel The Pinch Of The Sequester

Meals on Wheels volunteers in Wake County.
Credit Meals on Wheels of Wake County

The automatic budget cuts or sequester handed down from Washington are starting to affect North Carolina organizations that serve seniors.  Meals on Wheels of Wake County says they got the news last week.  Sequestration means they will lose funding that equates to 12,000 meals a year.  Alan Winstead, Executive Director of Meals on Wheels of Wake County, says he’s confident they will find alternative funding to continue serving hot lunches to 1,300 seniors a day, but the budget cuts have other implications. 

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Business & Economy
8:41 am
Mon April 15, 2013

Alligator River Bridge Re-Opened

State transportation crews make repairs to the Alligator River bridge.
Credit NCDOT

The Alligator River Bridge in Tyrrell and Dare counties is once again open to traffic.  The U.S. Highway 64 swing bridge was reopened to traffic late Sunday evening after being closed for the better part of two weeks.  The Alligator River bridge is a major connection between the Outer Banks and mainland North Carolina. 

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Business & Economy
8:39 am
Mon April 15, 2013

Wake Up! Your Taxes Are Due Today

It’s Tax Day and many people are hoping for tax refunds.  But will they save it or spend it?   The waiting room was full on Friday at the taxpayer assistance center at Northgate Mall in Durham. Tradell Adkins was there.

“Every year I try to say I’ll get it done around January, February, at the latest March.  But it always ends up being in April," says Adkins.

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