Business & Economy

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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Business & Economy
6:25 am
Wed January 19, 2011

Glaxo Writes Off $3.4 Billion to Cover Avandia Costs

More bad news for Glaxo Smith Kline as the company attempts to account for the costs of Avandia litigation. .

GSK made the announcement in a statement posted on the company's website. Glaxo will take a $3.4 billion write-off out of fourth quarter profits to cover liability costs for blockbuster diabetes drug Avandia.

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Business & Economy
9:00 am
Fri January 14, 2011

NC Foreclosure Filings Hit Record

Foreclosure filings in North Carolina broke a state record last year.

An analysis of 2010 foreclosure filings shows approximately one in 63 housing units in the state faced foreclosure

The North Carolina Justice Center has released a county-by-county look at housing and commercial foreclosure filings.

Jeff Shaw with the Justice Center says numbers show Brunswick, Mecklenburg and Union counties suffered the most. He says the foreclosure problem is a jobs problem.

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Business & Economy
3:35 am
Thu January 13, 2011

Recycling Industry Jobs On The Rise

The North Carolina Department of Environment and Natural Resources has released a new study showing growth in recycling-related jobs in the state. Private sector jobs in the recycling industry have increased by about 5 percent since 2008 according to the study. Sherry Yarkosky with the state Recycling Business Assistance Center says the study reinforces that recycling helps not just the environment.

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Business & Economy
5:45 pm
Mon January 10, 2011

An Electric Marriage

Duke Energy and Progress Energy no longer have to compete for customers. The two North Carolina-based utility companies have inked out a $26-billion deal and joined forces to become the largest utility in the US. Leoneda Inge reports.

A surprising but not shocking marriage was announced in North Carolina today.  Two – well branded utility companies – decided to get hitched. And if regulators approve the merger of Duke Energy and Progress Energy – the union will form the largest utility company in America.

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