Business & Economy

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. 

Read more
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.

Read more
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.

Read more
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.

Read more
Business & Economy
3:55 pm
Tue July 3, 2012

Duke Energy Finalizes Merger

Duke Energy is now the largest utility in the country. But the company is moving forward without its expected leader.

Gurnal Scott: Duke Energy held a conference call with reporters to mark the merger's completion. And board member Anne Maynard Gray had another announcement.

Anne Maynard Gray: Bill Johnson has resigned as president and chief executive officer of the combined company by mutual agreement with the board.

Read more
Business & Economy
5:14 pm
Fri June 29, 2012

NC Test Site for Walmart Express

Danielle Palmer is store manager at Walmart Express in Snow Hill, NC.
Leoneda Inge

There are five new Walmart stores in North Carolina that might make you do a double-take.  They’re mini Walmarts popping up in rural communities, miles away from the nearest Walmart Supercenter.  They’re called Walmart Express and some say they are designed to compete with your corner “dollar” stores that are shining in this down economy.

Leoneda Inge:  We all pretty much know what a Walmart “Supercenter” looks like, aisles for days.  Well, Walmart Express stores run 10 to 15-thousand square feet.   That’s one- tenth the size of a supercenter.

Read more
Business & Economy
2:03 pm
Fri June 29, 2012

State Utilities Commission Approves Duke Energy Merger

North Carolina utilities regulators have approved the merger of Duke Energy and Progress Energy, the last major hurdle to creating the largest American electric company. North Carolina Utilities Commission Chairman Edward Finley Jr. said Friday the deal was the best possible in an environment of energy industry consolidation. Finley says it was preferable for the two North Carolina-based companies to combine rather than be bought up by a company elsewhere. Conditions to the merger include the companies passing along at least $650 million in savings to customers.

Business & Economy
4:35 pm
Thu June 28, 2012

Economic Impact of High Point University Grows

A new study shows growth at High Point University has led to an increased economic impact on the local and state economy.

Jeff Tiberii: The report says that the annual economic impact has nearly tripled in just the last seven years. The private university with about 4-thousand undergrads has undergone a significant make-over during that time under President Nido Qubein.

Read more
Business & Economy
9:29 am
Thu June 28, 2012

Strip Clubs Pony Up For The DNC

It's not just city officials and business leaders rolling out the red carpet for the Democratic National Convention in Charlotte. So is the adult entertainment industry. The same thing is happening in Tampa, the site of the Republican National Convention. As WFAE's Tanner Latham reports, strip club owners, managers, and dancers are all hoping to cash in on the excitement.

Read more
Business & Economy
6:30 am
Thu June 28, 2012

Triad Research Park Hires New President

In Winston-Salem a new president has been named to the Piedmont Triad Research Park. Jeff Tiberii has more.

Jeff Tiberii: Eric Tomlinson has been chosen by Wake Forest Baptist Medical Center to lead the PTRP. Tomlimson has experience as both a scienctist and leader of several start-ups. That was a major draw for the leaders at Wake Forest, including Dr. John McConnell, the CEO of Baptist Medical Center.

Read more

Pages