Business & Economy

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."

Read more
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.

Read more
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.

Read more
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:

Read more
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.

Read more
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.

Read more
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.

Read more
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."

Pages