Business & Economy

Business & Economy
5:30 am
Tue January 4, 2011

Economic Forecast For 2011

Wells Fargo Economist Mark Vitner
Credit NC Chamber of Commerce

National and state economies are expected to improve in 2011 – but by only just a little bit.

Yesterday’s Economic Forecast Forum in Research Triangle Park was about telling the hard truth.  Wells Fargo Senior Economist Mark Vitner:

"We’re still on a path that we’re seeing extremely modest job growth."


Billie Redmond is trying to stay optimistic.   She’s the CEO of Coldwell Banker Commercial Trademark Properties in Raleigh.

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Business & Economy
5:00 am
Mon January 3, 2011

Economic Forecast 2011

More than one thousand people are gathering in Research Triangle Park today to hear the latest news on the 2011 economy. Economists are already saying it should be better than 2010.

  One big draw at this year’s Economic Forecast Forum is outgoing U-N-C president Erskine Bowles – who is also known for serving as co-chair of the National Commission on Fiscal Responsibility and Reform.  Thad Woodard is President and C-E-O of the North Carolina Bankers Association.  He says Economist Mark Vitner of Wells Fargo will give the forecast:

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Business & Economy
2:00 pm
Thu December 30, 2010

Gas Prices Top 3 Dollars A Gallon

Drivers in North Carolina are paying more for gas than they have in the past two years. Average gasoline prices have topped 3 dollars per gallon according to Triple A. Tom Crosby is with Triple A Carolinas.

"Prices are going up, mostly because of the poor economy, the weak dollar. Our weak dollar is causing investments in Euros in crude oil. Crude oil is selling for over 90 dollars a barrel, which, that’s the first time it’s been that high in two years. When crude oil prices go up, the oil companies raise prices at the pump."

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Business & Economy
7:00 am
Wed December 29, 2010

Drive-By Art

The department of transportation’s Wildflower Project has received much praise over the years. North Carolina DOT officials say they hope their new arts policy for state highways and byways will also get a lot of attention.

Some arts projects already in place include the metal leaves on the pedestrian bridge in Cary spanning US 1-64 and the mural under I-240 in Asheville. 

Don Lee is the State Roadside Environmental Engineer for DOT.  Lee says the new policy will help guide the placement of public art.  He says North Carolina has a good track record:

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Business & Economy
9:30 am
Tue December 28, 2010

Wineries Growing Across State

Max Lloyd and John Gladstone

The number of wineries in North Carolina has doubled in the last five years to almost one hundred.

More than a century ago, North Carolina was well known for being the country's largest wine producer in the nation. Prohibition eventually closed down most of that industry, leaving a few producers who made sweet wines from muscadine grapes. But in recent years, producers of red and white European-style wines have sprung up all over the Tar Heel state. Over the last five years, the number of wineries across North Carolina has doubled to nearly one hundred.

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Business & Economy
4:16 pm
Fri December 17, 2010

State Jobless Rate Up

New numbers out today paint a struggling jobs picture for the state of North Carolina.

 North Carolina lost more jobs in November than any other state. According to the Bureau of Labor Statistics – the state lost 12-thousand 500 jobs.

That may explain why the state’s unemployment rate crept up by a tenth of a percent to 9-point-7 percent in November.

Business & Economy
4:30 am
Fri December 17, 2010

Home Ownership Still A Goal

America has not reached the peak of the foreclosure crisis. But a survey by Fannie Mae says that hasn’t hampered people’s dreams of home ownership.

North Carolina is among the ten states hit hardest by foreclosures this year - up there with Florida, California and Ohio.  Doug Duncan is Vice President and Chief Economist at Fannie Mae – the Federal National Mortgage Association.  He says their 2010 Own-Rent Analysis says no matter the person’s race, geographic region or income –aspirations of home ownership are strong.

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Business & Economy
8:00 am
Wed December 15, 2010

CFOs More Optimistic

Chief Financial Officers say they are a lot more optimistic about the economy in this last quarter of 2010 than they were just a few months ago.

More than 800 CFOs from across the country – representing public and private companies – were surveyed by Duke University and CFO Magazine. 

Kate O’Sullivan is Senior Editor at CFO Magazine.  She says 50-percent of the CFOs surveyed say their companies plan on spending money in the new year on everything from research and development to full-time hiring.

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Business & Economy
4:45 am
Wed December 15, 2010

More Uninsured In Bad Economy

Credit NC Institute of Medicine

The number of people who lack health insurance has been climbing in the wake of the economic downturn. That's according to an new analysis by the state Institute of Medicine.

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Business & Economy
7:30 am
Fri December 3, 2010

Food Wholesaler Sued For Discrimination

The US Labor Department is suing one of the country’s biggest food distributors for discrimination at its Lumberton facility.  

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