Business & Economy

Business & Economy
4:00 am
Thu March 3, 2011

National Small Business Roundtable Kicks Off in Durham

Entrepreneurs in the Triangle have the chance to tell the federal government how it can help grow their businesses. The U-S Small Business Administration will host a roundtable in Durham today to gather ideas for reducing small business regulations. S-B-A press secretary Hayley Meadvin says Durham is the first stop in the series of meetings called Startup America.

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Business & Economy
4:30 pm
Tue March 1, 2011

Triangle Bus Rideship Increasing

Bus ridership is increasing throughout the Triangle, thanks in large part to rising gas prices. January ridership on Triangle Transit was up 17.7 percent from last year. Brad Schulz at Triangle Transit says gas prices are just one reason people are choosing the bus.

Business & Economy
5:40 pm
Fri February 25, 2011

US Minority Business Leader at Duke

Durham-area business owners got the chance to have some face-time with the head of the U-S Minority Business Development Agency.

Robin Costello is a Vice President at Piedmont Investment Advisors. The company is 10 years old managing three-and-a-half billion dollars in investments.

Robin Costello:  "The corporate."

David Hinson:  "We’re working on it."

Robin Costello:  "It’s hard."

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Business & Economy
5:00 am
Fri February 25, 2011

Trying to Make Ends Meet in "SPENT"

Reporter Leoneda Inge visited Urban Ministries to try out this new game – appropriately named – SPENT

North Carolina has had one of the highest unemployment rates in the nation during this recent economic downturn. Families have had to be strategic about paying rent and buying food while looking for work.  It’s almost like a real-life game of chance – one that’s extremely hard to win.  Hard life lessons are what spurred the national advertising agency – McKinney – to create an online game to bring attention to the needy on behalf of Urban Ministries of Durham.

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Business & Economy
4:45 am
Fri February 25, 2011

Controversial Chicken Processing Plant Delayed

Sanderson Farms is delaying plans to build a poultry processing plant in Nash County.

Joe Sanderson, CEO of Sanderson Farms, says overproduction in the chicken industry has left the price of chicken low while feed costs are high. And so the company decided to delay building the plant until market conditions can be reevaluated in the Fall. The plant has also drawn controversy from some who allege wastewater from the plant will contaminate local water supplies.

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Business & Economy
2:10 pm
Wed February 23, 2011

Economic Benefits of Conservation

North Carolina conservation groups say preserving land for public use has long-term economic benefits. A new report from the non-profit Trust for Public Land claims that every dollar North Carolina invests in parks, farms and wilderness has a return of 4 dollars to the local economy. The report measures the “natural goods and services” of different ecosystems in the state. An area is valued by the quality of its air and water and its ability to remove pollutants naturally—making wetlands and forests the most valuable and developed or barren land the least valuable.

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Business & Economy
4:55 am
Thu February 17, 2011

GSK Cutting Jobs in RTP

Some GlaxoSmithKline employees in Research Triangle Park will be laid off as the drug maker scales back its Neuroscience Medicines Development Center.

The cutbacks follow an announcement last year by Chief Executive Andrew Witty to "modernise" the company's focus on research and development.  Kathy Pitman is a GlaxoSmithKline spokeswoman:

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Business & Economy
4:50 am
Thu February 17, 2011

Borders Bankruptcy Hits Triangle Hard

The Triangle will be hit especially hard when Borders Books closes several of its stores.


By April – the Borders Group will close about 30-percent of what the company calls its under-performing stores.  Borders’ reorganization plan was reveled yesterday when owners announced they are filing for Chapter 11 bankruptcy.

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Business & Economy
4:45 am
Mon February 14, 2011

Amtrak Suspends Midday Service for Construction

North Carolina Amtrak will suspend Piedmont mid-day service between Raleigh and Charlotte starting today.  Service is being halted due to improvement projects along the route. Amtrak Spokeswoman Amanda Perry says the closures are to give workers a chance to recondition the tracks and improve on-time service.

"It would minimize delays and service interruptions and that sort of thing.But the actual speed of the train is not expected to increase."

Business & Economy
1:20 pm
Sat February 12, 2011

Red Hat To Stay, Grow In Triangle

Perdue's Red Hat
Credit Laura Leslie

Linux software giant Red Hat will be staying in Wake County, and adding hundreds of jobs.  Laura Leslie reports.

Red Hat CEO Jim Whitehurst says his company has settled on Wake County for its new corporate headquarters.  The company will add 540 jobs over the next 5 years, in return for state and local incentives totaling around 18 million dollars.

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