Business & Economy

The State of Things
10:19 am
Fri February 11, 2011

Durham Central Market

Credit Durham Central Market

Host Frank Stasio speaks with Project Manager Don Moffitt and Robin Arcus, a board member and Durham Central Market co-founder, about the co-op, which is scheduled to open in 2012.

Durham Central Market, a community grocery store cooperative, lets local investors build social and financial capital in the construction of a downtown supermarket. Host Frank Stasio speaks with Project Manager Don Moffitt and Robin Arcus, a board member and Durham Central Market co-founder, about the co-op, which is scheduled to open in 2012.

Business & Economy
5:00 am
Fri February 11, 2011

ConAgra Explosion Featured in Safety Video

Credit U.S. Chemical Safety Board

The deadly explosion at the Con-Agra Foods plant near Garner has resulted in a safety video to help prevent future tragedies. 

The video was produced by the U.S. Chemical Safety Board. It’s called “Deadly Practices” and begins like this.

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Business & Economy
4:45 am
Fri February 11, 2011

It's Pothole Season

North Carolina roads may be clear of ice and snow, but drivers still might hit trouble spots. It's the beginning of pothole season. Department of Transportation spokesman Steve Abbott says drivers should watch out for potholes. But he says the cold weather actually has minimized damage.

"Because we haven't had the thaw and freeze and thaw and freeze of last year potholes are not as bad as they were last year."

Business & Economy
7:00 am
Fri February 4, 2011

The Micro-Franchising Model

Researchers and business experts in developing countries are meeting at UNC Chapel Hill to discuss one of the newest models to help move people out of poverty.

This new business model is called micro-franchising.   It’s different from micro-enterprises which involve small amounts of seed money to help a poor person become an entrepreneur. Jason Fairborne is the author of Micro-Franchising – Creating Wealth at the Bottom of the Pyramid.  He says micro-franchising can help more people:

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Business & Economy
4:00 pm
Thu January 27, 2011

Piedmont Biofuels Adds Tank in Saxapahaw

Credit www.biofuels.coop

Pittsboro-based Piedmont Biofuels is cutting the ribbon on a new tank location in Saxapahaw. The new tank at the Saxapahaw General Store will provide biodiesel to Piedmont’s members. Biodiesel is a renewable fuel made from cooking oils that’s cleaner than pure petroleum. It typically sells for around 3-fifty per gallon making it slightly more expensive than regular diesel.

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Business & Economy
5:00 am
Tue January 25, 2011

NC Jobless Rate Inches Higher

Numbers released by the state’s Employment Security Commission shows 2010 as a year of static job growth – but better than 2009.

Numbers released yesterday show the unemployment rate edging up a bit – from 9.6-percent in October – to 9.7-percent in November and 9.8-percent in December.

Larry Parker is a spokesman for the Employment Security Commission.   He says the unemployment rate has increased because a lot more people are looking for work again.  One of the biggest job growth areas for 2010 was in Professional and Business Services:

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Business & Economy
6:00 am
Mon January 24, 2011

Triangle Home Sales

Home sales were down in 2010 in the greater Triangle area.  But the average price of homes went up. 

The federal tax credit for first time home buyers kept housing sales on track for the first two quarters of 2010.  But when the program ended – housing sales took a hit.

Stacey Anfindsen is director of the Triangle Multiple Listing Service.  He says the total number of home sales in the greater Triangle area was 20,643 homes – six-percent behind sales in 2009.  But the average price of homes jumped three-percent.

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Business & Economy
2:35 am
Fri January 21, 2011

Duke Study Looks At Offshoring Jobs

A new report from Duke University’s Fuqua School of Business shows a shortage of skilled workers in the U-S may be one of the main reasons for the off-shoring of American business service jobs.  Arie Lewin is a Duke professor of strategy and international business.  He says American companies in I-T services and software development are not saving money by off-shoring

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Business & Economy
1:00 am
Fri January 21, 2011

SAS Celebrates Success

SAS has a lot to celebrate this week. The software company continues to hire during the tough economy. 

SAS founders and employees enjoyed champagne and sparkling cider at their Cary headquarters yesterday. For the second year in a row – they’ve been ranked number one on Fortune Magazine’s “Best Companies to Work For” list. SAS is also celebrating record revenue for 2010 – 2.43 billion dollars, up 5.2-percent from the year before. John Sall is co-founder and Executive Vice President of SAS.

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Business & Economy
5:00 am
Thu January 20, 2011

AmEx Will Close Greensboro Call Center

American Express plans to close a call center in Greensboro that employs 1900 employees.

Company officials say the decision to close the service center was not based on employees' performance. It's because these days many customers prefer to check their balances and pay bills online rather than calling an operator for help.

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