Business & Economy

Business & Economy
6:08 pm
Wed August 8, 2012

Amtrak To Expand Service In Eastern NC

Starting this fall, Amtrak will expand its throughway motor coach service to Eastern North Carolina. Passengers will be able to connect via bus to the Amtrak Palmetto station in Wilson. One route will serve Greenville, New Bern, Havelock and Morehead City; the other will connect Goldsboro, Kinston, Jacksonville, and Wilmington. Amtrak's Christina Leeds says the Palmetto train service operates twice daily serving 20 stations between New York and Savannah, Georgia.

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Business & Economy
5:00 am
Wed August 8, 2012

Program Aims To Put Defibrillators In Churches

Several state organizations are banding together give churches the tools to save lives.

Gurnal Scott: State Representative Becky Carney of Charlotte will never forget April 2nd, 2009, the day a portable defibrillator revived her after a near-fatal heart attack at the General Assembly

Rep. Becky Carney: One story can propel a great movement within a community.

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Business & Economy
9:00 am
Fri August 3, 2012

Duke Energy Announces Rate Cuts

Duke Energy announced its first in a series of rate cuts.

Leoneda Inge:  Duke Energy and Progress Energy promised if the companies were allowed to merge they would implement millions of dollars in utility rate cuts one month after the merger was approved.  The first round of cuts comes to about 89-million dollars.

Inge:  Yeah, I was just about to say, it’s about a dollar a month, hugh?

Tom Williams: It’s about a dollar month, but you know we have just begun this process

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Business & Economy
9:00 am
Tue July 31, 2012

Two Duke Energy Board Members Resign

Duke Energy is looking for new board members since the resignation of two former Progress Energy directors. 

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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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