Business & Economy

Business & Economy
5:55 am
Fri October 7, 2011

Insurance Disputes Create Frustration On Coast

Wayne Goodwin
Credit NC DOI

The North Carolina Department of Insurance has set up a series of temporary insurance assistance centers in areas hardest hit by Hurricane Irene. The centers are designed to help customers who believe they are not being treated fairly by insurance companies.

Insurance Commissioner Wayne Goodwin decided to open the centers after his office fielded a steady stream of complaints from customers in coastal counties.

Goodwin says many complaints have centered on non-existent or non-communicative insurance adjusters.

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Business & Economy
5:40 am
Fri October 7, 2011

Triad County Gets Land for Development

This week one North Carolina company gave Davie County a substantial gift.

Winston-Salem based R.J. Reynolds Tobacco gave the rural county 360 acres of undeveloped land southwest of the city. The gift is expected to help bring manufacturing jobs. Terry Bralley is President of the Davie County Economic Development Commission. He says at least one furniture company is considering a plant in the area.

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Business & Economy
10:00 am
Wed October 5, 2011

Banking Act Would Give Consumers "Freedom"

Eric Hodge:  North Carolina Congressman Brad Miller has introduced a bill he says will give consumers the power to switch banks if they’re disgruntled over fees. Leoneda Inge reports.

Recent announcements about rising fees from big banks like Bank of America have some consumers mad.  Democrat Brad Miller of Raleigh says that’s why he introduced the “Freedom and Mobility in Banking Act.”

Brad Miller:  "Banks should send money by electronically from one bank to another when you decide you want to transfer your accounts because you weren’t happy with your first bank."

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Business & Economy
5:10 pm
Tue October 4, 2011

Supporters Urge Bond Passage

Several dozen supporters staged a small rally this morning to support the passage of two separate city-wide bonds on the ballot for next week. If passed, the bonds would go to improving transportation and low-income housing. They would total about $56 million and cost the average homeowner about $17 a year. Outgoing mayor Charles Meeker is hoping the historically strong support for bonds in Raleigh continues.

Business & Economy
10:00 am
Tue October 4, 2011

NC-Based PPD Sold

North Carolina’s clinical trials industry is seeing a major shift.  The latest example is the purchase of Wilmington-based P-P-D.

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Business & Economy
5:10 pm
Wed September 28, 2011

NC DOT Looking at Tolling I-95

Interstate 95 map
Credit i95highway.com

State transportation officials are looking at ways of raising revenue to modernize Interstate 95. One thing they're looking at is tolling the highway. That's being considered up and down the coast. Greer Beaty with the Department of Transportation says a large-scale study of I-95 started early last year. She says there are a number of things to consider.

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Business & Economy
10:00 am
Wed September 28, 2011

SBA Visits Raleigh Denim

The Small Business Administration visited Raleigh to kick-off a new national program to help businesses grow internationally.

Karen Mills is the Administrator for the S-B-A.  She visited "Raleigh Denim" to announce the new State Trade and Export Promotion program.

Karen Mills:  "American manufacturers can still produce world class products, even in textiles."

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Business & Economy
9:10 am
Wed September 28, 2011

Hatteras Business Still Slow After Irene

Small businesses on Hatteras Island are struggling to turn a profit a month after Hurricane Irene swept across the Outer Banks. That's despite a decision from the Department of Transportation earlier this month to restart ferry service for both visitors and residents. Keith Andre owns a construction business in Frisco. He says building centers that usually provide his equipment are nearly empty.

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Business & Economy
12:25 pm
Tue September 27, 2011

Flooded Counties Fronting Bill for Mosquito Spray

FEMA's announcement that it won't run out of funds this week is good news for counties in eastern North Carolina. Local governments have been fronting the bill for disaster relief without a guarantee of reimbursement after Hurricane Irene. In Hyde County, health director Wesley Smith says officials ordered an insecticide spray from low-flying planes for 20,000 acres. He says flooding caused a boom in the mosquito population.

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Business & Economy
7:35 am
Tue September 27, 2011

Raleigh Gets Another Look at High Speed Rail

The State Department of Transportation has been working on a high speed rail proposal for downtown Raleigh for several years.  Today the public is invited to see an updated plan at the Raleigh convention Center. 

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