Business & Economy

Business & Economy
6:05 am
Wed January 11, 2012

New Deadline for Duke - Progress Merger

It could be six months before the Duke Energy-Progress Energy merger is complete.

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Business & Economy
1:10 pm
Mon January 9, 2012

High-Speed Rail Stalled

Lawmakers from North Carolina and Virginia met earlier today in Richmond to plan out the future of a high-speed rail corridor that would link Raleigh to Washington. The meeting was largely symbolic.

Dave DeWitt: High-speed rail is essentially derailed, thanks to last year’s federal budget deal that zeroed out funding in 2012. Some money is still left over from previous grants, but it’s a small percentage of what is needed to make a high-speed train a reality.

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Business & Economy
8:55 am
Fri January 6, 2012

Report Calls for Reform of Economic Incentives

Better incentives for economic development are one way to tackle North Carolina's high unemployment rate. That's according to the non-profit North Carolina Budget & Tax Center. Report author Allan Freyer says the state should change how it attracts companies.

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Business & Economy
8:30 am
Thu January 5, 2012

Minority Banks Get DNC Deposits

Two minority banking institutions in Durham have just received big financial investments from the Democratic National Convention Committee.

Leoneda Inge:  Yesterday, Steve Kerrigan, head of the DNC Committee, officially invested 4-million-dollars in convention funds in the Latino Community Credit Union and Mechanics and Farmers Bank.

Steve Kerrigan:  We hope that Mechanics and Farmers and LCCU use these resources to do what they do best which is to invest in the community.

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Business & Economy
4:00 am
Tue January 3, 2012

Raleigh Begins Registry for "Supportive" Housing

The city of Raleigh is now requiring public and private groups pay a registration fee to operate group housing, including emergency housing and housing for those with disabilities.

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Business & Economy
1:30 pm
Fri December 30, 2011

Gas Safety Violations Don't Lead to Fines

A state audit has found that the Department of Agriculture assessed only two fines following thousands of safety violations involving liquefied petroleum.

Liquefied Petroleum – or L.P. – gas is used in grills, lighters and even to heat homes. During a 12-month period, Department of Agriculture inspectors wrote nearly 7,500 safety violations, but levied just two fines. State Auditor Beth Wood says violations ranged from storage plants, to dangerous pipes in homes. She says inspectors should have assessed much more in penalties.

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Business & Economy
2:10 pm
Thu December 29, 2011

Asheville Restaurants Go Green

Green Restaurant Association
Credit dinegreen.com

Asheville is known as a sort of local food-haven. Now it's leading the way in an effort to reduce the environmental impacts of restaurants. The Asheville Independent Restaurant Association is using a $258,000 grant from the North Carolina Green Business Fund to make upgrades in 18 Asheville restaurants.

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Business & Economy
9:00 am
Wed December 21, 2011

NC Jobless Rate Drops in November

The unemployment rate in North Carolina now sits at 10-percent.   It’s almost a half point lower than the month before but still a lot higher than the national rate.

Business & Economy
5:00 pm
Fri December 16, 2011

Duke - CFO Magazine Sees Optimism

A survey by Duke University shows Chief Financial Officers from across the country were more optimistic the last quarter of the year than in earlier months.

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Business & Economy
6:35 am
Fri December 16, 2011

Careful Holiday Spending

Holiday spending cash – or the lack of it – is on the minds of many people this time of year.  There is a group of North Carolina state employees whose job is to make sure budgets are balanced and audits are perfect.  More than 300 of these fiscal agents gathered in Raleigh this week and were asked how they were planning on spending their holiday cash this season.

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