Business & Economy

Business & Economy
9:35 am
Tue December 13, 2011

Martin Marietta Seeks to Take Over Rival

Raleigh-based Martin Marietta wants to merge with its main competitor.  What started out as a private negotiation is now a hostile takeover.

Martin Marietta wants to merge with Birmingham, Alabama-based Vulcan Materials.  The two companies are the U-S leaders in the production of rock, gravel, sand and other building materials.   Ward Nye is the C-E-O of Martin Marietta.

Ward Nye:  "As is well know, these last few years have been challenging for our industry given economic recession and reduction in infrastructure, commercial and residential construction projects."

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Business & Economy
5:05 pm
Fri December 9, 2011

Occupy Greensboro Plans March

Occupy groups from the Triad are holding an employment march tomorrow.

Organizers expect about 200 people to participate in downtown Greensboro. Members of the occupy groups from Winston-Salem, Greensboro and High Point are joining together for the event. A rally will follow the march. Speakers from organized labor groups and worker owned cooperatives will address the crowd. John Kernodle is organizing the march:

Business & Economy
10:49 am
Thu December 8, 2011

First Segment of Triangle Expressway Open

North Carolina's first modern-era toll road opens later this morning in the Research Triangle Park. The first leg of the Triangle Expressway connects highway 147 to North Carolina 540. Officials say they'll cut the ribbon at about 10:30 a.m. with the road open for traffic around noon. David Joyner is the executive director of the North Carolina Turnpike Authority. He says drivers will not have to pay until January 3rd.

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Business & Economy
6:10 am
Fri December 2, 2011

Homeless Shelters Opening in Greensboro

With the winter approaching more beds are being made available to people who are homeless.

In recent weeks shelters in Greensboro have turned away a significant number of people seeking assistance. This week eight winter emergency, or 'WE' shelters are opening throughout the city. One new site is at the YWCA. It will serve up to 25 single women each night. Sharon Sumner is Director of the WE Shelters for the Greensboro Urban Ministries. She says this new shelter increases capacity where there is a growing demand.

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Business & Economy
7:55 am
Thu December 1, 2011

"Occupy" Protestors Face Wells Fargo CEO

The head of Wells Fargo Bank addressed a crowd at N-C State University yesterday.   But there was a break in the script once protesters from the “occupy” movement interrupted the speech and were eventually escorted out.

It was no secret – the scheduled speech by Wells Fargo C-E-O John Stumpf would definitely be interrupted.  The only question was WHEN.  Stumpf opened his speech at N-C State’s Poole College of Management joking about the emails he received from students inviting him out after the talk.

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Business & Economy
8:15 am
Wed November 30, 2011

Raleigh Grows Despite Recession

The recession that began four years ago is still holding many communities across the country hostage.  Homes continue to fall into foreclosure and long-term employees are again looking for work.  But there are some areas in the United States that are recovering quite well during this down-turn.   And one of those metropolitan areas includes Raleigh.

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Business & Economy
5:50 pm
Tue November 29, 2011

Occupy Raleigh Finds a New Home

The new Occupy Raleigh encampment
Credit Occupy Raleigh

Occupy Raleigh protesters have set up camp four blocks from the Capital. About 15 to 20 protesters have been camping since Thanksgiving. They're paying $400-a-month for the site owned by Rob Baumgart. Baumgart says it's purely business, but he did sympathize with the protesters.

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Business & Economy
5:45 pm
Tue November 29, 2011

Inside Occupy Raleigh: Part 2

Joseph Huberman

Meet Occupy Raleigh protester Joseph Huberman, a 61-year-old artist and former small-business owner who's now retired.  He's been with the movement since it started.  Hear an interview with Occupy Raleigh protester Joseph Huberman, a 61-year-old artist and former small-business owner who's now retired.

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Business & Economy
5:40 pm
Tue November 29, 2011

Inside Occupy Raleigh: Part 1

Kurt Zehnder

Kurt Zehnder is a 20-year-old Occupy Raleigh protester, and a self-described moderate Republican. He attended Western Carolina for a year before running out of money and dropping out. Now he's waiting tables, saving up for college, and camping out as part of the Occupy Wall Street movement. Hear an interview with Kurt Zehnder, a 20-year-old Occupy Raleigh protester, and a self-described moderate Republican.

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Business & Economy
4:00 pm
Thu November 24, 2011

Expect More Black Friday Online and Store Sales

Let the holiday shopping frenzy begin! But it looks like traditional and online retailers are ignoring Black Friday and moving in ahead of time.

It might be a little shocking – but a lot of big box stores and department stores are opening their doors tonight.  Justin Bieber will be there.

Justin Bieber:  "Yo! I’m going to Macy’s Black Friday sale. SCREAM. Yeah, I know it’s pretty cool, it starts at midnight."


Scot Wingo is the C-E-O of Morrisville-based Channel Advisor.  The company helps retailers sell more of their goods online. 

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