Business & Economy

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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Business & Economy
5:00 am
Fri December 3, 2010

Sweepstakes Parlors Get Reprieve

Credit Laura Leslie

The doors will stay open at some video sweepstakes parlors, despite a new state law that took effect this week.

The new ban covers gambling-style games, like keno and slots, as well as any other game that uses a - quote - "entertaining display" to reveal sweepstakes results. A Guilford County judge ruled that last part of the new law is unconstitutionally broad, while a Wake County judge ruled it is constitutional.

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Business & Economy
4:10 pm
Fri November 26, 2010

Black Friday Lures Reluctant Shoppers

North Carolina shoppers swarmed shopping centers early this morning to take advantage of Black Friday sales.  No official numbers are available yet, but anecdotal reports say the lines were a little longer than they were last year.  Deep discounts on toys and electronics brought out Black Friday regulars, as well as some first-timers like Cindy Ratkovich. She doesn't usually take part in the early-morning Black Friday madness:

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Business & Economy
9:00 am
Fri November 26, 2010

Cyber Monday Looks Bright

This long holiday shopping weekend is expected to out pace last year. And that includes online shopping.  Scot Wingo likes to track what is called – Cyber Monday – how much money online shoppers spend during the holiday weekend.  Wingo is C-E-O of Channel Advisor. The Morrisville-based company works with over three-thousand online retailers on how to be more efficient and make more money.

Wingo expects double digit online shopping growth:

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