Business & Economy

Business & Economy
5:00 am
Fri October 5, 2012

AC Problem At Harris Nuclear Plant

The Nuclear Regulatory Commission will check the Harris nuclear plant near Raleigh to ensure Duke Energy has fixed an unreported problem.

Progress Energy ran the plant before this year's merger with Duke Energy. An air conditioning system at an emergency operations facility was not in top working order starting in 2009. The utility fixed the problem two years later. Duke Energy spokeswoman Julie Milstead says the utility thought the issue was over. She says, "We did not report that to the NRC because we did not think it met the criteria for reportability."

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Business & Economy
7:45 am
Thu October 4, 2012

Group Seeks To Boost NC-UK Trade & Investment

Business leaders, state officials, and diplomats gathered last night to launch a new chapter of the British American Business Council. Steve Cain is the president of the new Triangle/Eastern North Carolina chapter. He says the region is very attractive for international investment.

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Business & Economy
5:10 pm
Wed October 3, 2012

State Officials Question Alabama Bank's Loans

North Carolina officials are seeking answers from an Alabama-based bank that is offering payday loans in the state. Such short-term, high-interest loans are illegal in North Carolina. But Regions Bank, which has several branches here, is offering the loans online. Attorney General Roy Cooper says his office has written Regions Bank to see if any North Carolina customers have taken out the loans.

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Business & Economy
7:20 am
Wed October 3, 2012

Lenovo To Build Computers In NC

Most of the computers sold in the United States are made somewhere else in the world.  That includes computers made by Lenovo.  But yesterday, the computer giant announced it will soon open its first U.S. based manufacturing plant.  And that plant will be in North Carolina.

Lenovo has been moving like lightening during the past 18 months.  The company has gone from 400 retail stores to four-thousand.  And it’s paid off quarter after quarter.  David Schmook is President of Lenovo for North America. 

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Business & Economy
7:15 am
Wed October 3, 2012

Duke Energy Could Spend Billions To Fix Florida Plant

Duke Energy may have to pay billions of dollars to repair the Crystal River nuclear plant in Florida.

A Charlotte engineering firm says the cost to fix a cracking outer-concrete layer of the containment unit could reach 3-point-4 billion dollars. Utility spokesman Mike Hughes says that's a worst-case scenario.

Mike Hughes: "Including having to do additional repair work that is not part of the planned repair scope."

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Business & Economy
6:00 am
Fri September 28, 2012

Triad-Based Sealy To Be Acquired By Rival

Triad-based mattress giant Sealy is being acquired by rival Tempur-Pedic. The Lexington, Kentucky-based leader in foam mattresses will pay about $228 million in cash, and assume or pay back all of Sealy's outstanding debt. The merger would create the world's largest bedding company. Tempur-Pedic CEO Mark Sarvary says no major changes are expected in how either company is run.

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Business & Economy
7:25 am
Thu September 27, 2012

First "Mayberry Days" Since Andy Griffith's Death

The annual Mayberry Days festival begins today in Mount Airy. The four-day event celebrates Andy Griffith's hometown which was the model for the fictional Mayberry on the Andy Griffith Show. Jessica Roberts is the director of tourism and marketing for the Greater Mount Airy Chamber of Commerce. She says popular events like a parade featuring people who were on the show will go forward as usual, but Griffith's death this past summer will be on everyone's mind.

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Business & Economy
7:15 am
Wed September 26, 2012

Data Center Boom In North Carolina

The rise in data centers across the state is the topic of discussion today in Winston-Salem.  Leoneda Inge reports.

Most of the biggest data centers are in the western part of the state and in Research Triangle Park.  Big data storage warehouses as in IBM, SAS, Google, Apple and Facebook.  Brooks Raiford is CEO of the North Carolina Technology Association.  NCTA is hosting today’s panel discussion on data centers and why they’re good for the state – even though he admits, they don’t produce a lot of jobs.

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Business & Economy
10:22 pm
Fri September 21, 2012

State Unemployment Rate Rises Slightly

The state Commerce Department says North Carolina's unemployment rate has risen slightly.  The state's unemployment rate went up to 9-point-7 percent in August. Analysts say that translates to nearly six thousand more people reported as being out of work. That brings the total number of unemployed in North Carolina to more than 450,000.

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Business & Economy
7:30 am
Fri September 21, 2012

Greensboro Gets $1M Grant To Grow Economy

The City of Greensboro is getting a one million dollar federal grant designed to generate economic growth. The grant is part of a program aimed at encouraging innovative ideas, strategies and perspectives for long-term job growth. Greensboro will hold a competition and request ideas for ways to bolster the local economy.

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