Business & Economy

Business & Economy
6:15 pm
Thu April 14, 2011

Foreclosures Down in NC

The number of foreclosures in North Carolina was down in the first quarter of 2011. That's according to a report from RealTrac, a firm that tracks foreclosures. But the number is down due to a logjam of foreclosures for lenders, not because there are fewer people going into foreclosure. Banks are being investigated for lending practices that led to the mortgage meltdown. Daren Blomquist with RealTrac says the seemingly good news is artificial.

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Business & Economy
8:00 am
Thu April 14, 2011

Jobless Benefits Tied to Budget Fight

Republican and Democratic leaders are playing hard-ball with the state budget.  And extended unemployment benefits seem to be the latest pawn.

Republicans are tying additional unemployment benefits for 37-thousand people to a provision that would have state government operate at lower funding levels if a budget is not approved by June 30th.  Governor Bev Perdue calls the legislation “extortion.”  House Speaker Thom Tillis.

Thom Tillis:  "Ideally what she’ll do is take seriously our budget proposal which will come to her the first week of June and sign it."

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Business & Economy
5:05 am
Thu April 14, 2011

Raleigh Recognized for Green-ness

Raleigh has been named the winner in a national sustainability contest. The city took the top prize in the Siemens Sustainable Community Awards in the mid-size community category.

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Business & Economy
5:45 am
Wed April 13, 2011

Drivers Get Gas Saving Tips

Drivers can learn how to save gas at a workshop today in Raleigh. The North Carolina Solar Center will host the Drive Green, Save Green demonstration. Participants will drive a five-mile course as they normally would and then try again with a few pointers in mind. Anne Tazewell from the Solar Center says a conscientious driver can save an extra 10 to 30 percent on fuel by following their advice.

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Business & Economy
4:45 pm
Tue April 12, 2011

Duke Hosting US-Canada Energy Conference

The U.S. is more energy dependent on Canada than you might think. That's why Duke officials say they've planned a conference tomorrow on the U.S.-Canada energy relationship. Stephen Kelly is the associate director of Duke's Center for Canadian Studies. He says most people don't realize how big a role Canada plays in our energy supply.

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Business & Economy
6:29 pm
Fri April 8, 2011

US Agriculture Secretary Tom Vilsack on Ethanol

Agriculture Secretary Tom Vilsack
Credit usda.gov

A manufacturing plant in Greensboro could benefit from a new push for ethanol fuel by the Obama Administration. US Agriculture Secretary Tom Vilsack has announced cash incentives for gas stations who want to install pumps that provide different combinations of ethanol and gasoline.

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Business & Economy
6:27 pm
Wed April 6, 2011

Jobless Rates Down Across State

Every corner of the state is experiencing a decline in its unemployment rate.  The largest decline was in Graham County.

Business & Economy
2:02 pm
Mon April 4, 2011

DOT Ferry Tolls Proposal Draws Ire on OBX

Ferry terminal on Ocracoke Island
Credit ncdot.org

Some of the budget cuts under consideration by state lawmakers could lead to increased tolls for ferry services on the Outer Banks. The state Department of Transportation has come up with budget options for the state Ferry Division. One proposal would charge a 10-dollar toll for ferry services that are currently free, and double the price of other ferries. Residents of Ocracoke Island aren't happy with that idea.

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Business & Economy
6:00 am
Thu March 31, 2011

Garner Loses Slim Jim And 600 Jobs With It

Slim Jim
Credit Wikimedia Commons

The town of Garner in Wake County is preparing to lose its largest employer, ConAgra Foods.  The company employed about 600 people in its Slim Jim plant there until the summer of 2009 when a fatal natural gas explosion killed four works and injured 67. But instead of rebuilding the plant where the explosion took place, ConAgra announced last year that it would be cheaper to close its Garner plant and move its operation to Ohio.

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Business & Economy
4:34 pm
Wed March 30, 2011

City Officials Concerned About Broadband Bill

Some city and town officials are crying foul over a bill that would limit their ability to provide high-speed internet to their citizens. North Carolina courts have twice ruled local municipalities have the right to provide broadband service: once for Morganton in the 1980s and again for Laurinburg in the mid 90s. Those towns, along with Wilson and Salisbury offer broadband to its citizens, and Fayetteville is planning to.

Salisbury Assistant City Manager Doug Paris says those court decisions make the argument against municipal broadband a weak one:

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