Business & Economy

Business & Economy
10:00 am
Wed July 20, 2011

Semprius to Build Plant in Henderson

A Durham company is planning to build a plant in Henderson that will produce one-of-a-kind solar modules. 

Business & Economy
6:25 pm
Tue July 19, 2011

Major Job Cuts at Cisco

Thousands of jobs are on the chopping block at Cisco Systems.  But analysts wonder if that’s enough to turn the company around.   Inge reports.

The 6,500 lay-offs at Cisco are no surprise.

Emily Chang - Bloomberg TV:  "Reports of impending layoffs have been circulating for weeks at the networking giant looks for ways to slash a billion dollars."

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Business & Economy
5:00 am
Tue July 19, 2011

Food Trucks Might Be On The Move

Food truck operators who hope to sell their creations in downtown Raleigh will soon know their fate. The City Council is set to vote today on a set of restrictions that will let them operate in the capital city. The public rift between food truck operators and bricks and mortar restaurant owners has been going on for more than a year. Some restaurant owners see food trucks as unfair competition. They say they pay high rents and property taxes, and fear that food trucks will set up outside their doors and siphon off customers.  Mike Stenke owns the Klausie's Pizza truck.

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Business & Economy
8:00 am
Mon July 18, 2011

NC Explores Business Ties with Russia

Leaders in the North Carolina Department of Commerce are taking a renewed interest is business with Russia.

North Carolina business leaders are pretty sophisticated – according to Jean Davis.

Jean Davis:  "Many of our North Carolina companies have solid bases in China and Japan and are now looking at Russia as the next horizon for them."

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Business & Economy
5:30 am
Fri July 15, 2011

Salisbury and Lenoir Awarded Main Street Grants

Two North Carolina communities have been awarded money from the state to help revitalize their downtowns.

The matching dollars are from the Main Street Solutions Fund – administered by the Department of Commerce.   This round – the cities of Salisbury and Lenoir were awarded grants.  Nick Dula is the Downtown Economic Development director for Lenoir.  He says the plan is to turn a vacant furniture store into Carolina Distillery, a restaurant and a wine store.

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Business & Economy
5:10 pm
Wed June 29, 2011

NC Gas Tax Rises as Prices Fall

North Carolina's gas tax will increase by 2.5 cents this week. Analysts say that will cost drivers about $20 per year while raising about $150 million for the state's transportation fund. About 60 percent of that money comes from the gas tax. The increase goes into effect Friday, just before the holiday weekend. But Tom Crosby of Triple A Carolinas says it won't stop drivers from hitting the road for Independence Day.

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Business & Economy
10:00 am
Wed June 29, 2011

Poverty Simulation in Durham

The number of residents in the Triangle living in poverty is about 14-and-a-half percent and growing.  A group of community leaders met in Durham yesterday to try to address the problem. 

Community, political and business leaders took part in a “poverty simulation.”  Henry Kaestner – co-founder of Durham Cares – played an 8-year-old boy whose family managed to secure health coverage after a lay-off.

Henry Kaestner:  "The relief on her face was not a role-playing relief, it was very real relief."

Cynthia Booth works with Durham’s Parks and Rec Department.

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Business & Economy
6:00 pm
Mon June 27, 2011

Report: Casino Benefits Local Economy

The Harrah’s Cherokee Casino in Western North Carolina contributes almost $400 million to the local economy. That’s according to a new report from UNC Chapel Hill.

Business & Economy
5:14 pm
Mon June 20, 2011

Raleigh-based RBC Bank Sold

RBC bank
Credit RBC

PNC Financial has announced that it will buy Raleigh-based RBC Bank in a move that will allow the Pittsburgh-based bank to expand into the South. The deal is worth nearly $3.5 billion. Jim Westlake is the CEO of RBC Bank in Raleigh. He says he doesn't know yet what the local impact will be.

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Business & Economy
5:45 am
Mon June 20, 2011

"Unbanked" Consumers at Greater Risk for Theft

New research shows getting so-called "unbanked" people into the formal banking system can be good for the community. Alejandro Sanchez works for the Latino Credit Union in Durham. He says the study from the University of Virginia listed several advantages to bringing banking to previously unserved areas.

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