Business & Economy

Tech looking image
Wonderlane / Flickr/Cretive Commons

Tech leaders and tech start-ups #OnTheRise are in Raleigh this week to show what they’ve got.

Some 80 companies have been selected to display their ideas and jockey for attention from investors at the CED Tech Venture Conference.

Jay Bigelow is CED’s director of entrepreneurship.  He says the goal is to connect with corporate partners and venture capitalists

Pelican's Snoball
Leoneda Inge

Economists and politicians say it’s becoming easier for most adults to get a job these days. But if you are a “young” adult, your story may be different.

Years into the economic recovery, there are still a lot of unemployed and underemployed people, which is slowing the recovery for young adults.

And in North Carolina, the jobless rate for that group is especially high. 

Tom Armstrong
Leoneda Inge

North Carolina is known for its diverse agriculture offerings.  And you can always count on the State Farmer’s Market to feature the best the state has to offer, from collard greens to sweet potatoes.

But on Thursday, for the first time, the State Farmer’s Market hosted Seafood Day.  Enthusiasts said it’s been a long time coming.

It was the perfect day for a fish fry.  It was hot outside and the fish was hot, right out of the skillet.

A picture of an empty wallet.
401(K) 2012 / Creative Commons

Chief Financial Officers across the country say that hiking the federal minimum wage could lead to mass layoffs. Rebecca Martinez reports they're not willing to move far from the $7.25-per-hour standard.

Duke University and CFO Magazine Global Business Outlook Survey wrapped up Friday, after 74 consecutive quarters. It's world's longest-running survey of senior finance executives. They say few companies would act if the minimum wage were raised to $8.75 an hour.

Foreclosure Sign
www.housingwire.com

Private and community-based mortgage lenders are meeting in Raleigh this week to talk home ownership for future generations.

The American Mortgage Conference features an impressive line-up in the world of banking and home finance.  Leaders from the Federal Home Loan Banks of Atlanta and Chicago will address the crowd, along with lending managers from BB&T and North State Bank.

a banner for try transit month
gotriangle.org

Triangle Transit agencies in Chapel Hill, Durham, Cary and Raleigh are participating in a campaign this month to encourage commuters to ride the bus. The organization says leaving your car at home can save you time and money - not to mention the stress of driving in traffic. Some area buses have also upgraded their Wi-Fi to 4G.

"Changing your commute can add an hour to your schedule or you can get work done by using the Internet Wi-Fi that's on some of the buses," said Triangle Transit's Lauren Parker.

A package of Zonnic gum
cigarettesreporter.com

It might seem counterintuitive: a tobacco giant jumping into the pharmaceutical market. But with the national launch of Zonnic, Reynolds American thinks it can redefine an area typically controlled by drug companies.

Zonnic is Reynolds's nicotine gum. It sells for cheaper than other nicotine gums, and comes with the marketing muscle of the company responsible for Camel and Pall Mall. Reynolds has been testing Zonnic for two years in Iowa and Nebraska, and has determined its time to go national.

Fast Food Workers
Leoneda Inge

Fast food workers in North Carolina rallied Thursday in support of a $15-an-hour minimum wage.  As in New York City, Detroit and Chicago, some workers chose civil disobedience.

Fast food workers came from Charlotte, Raleigh and other cities to lock arms with workers in Durham.  And at lunch time, right in the middle of Morgan Street, across from a McDonald’s, dozens of demonstrators sat down, and chanted.

“We can’t survive on $7.25! We can’t survive on $7.25!”

Photo of corner of Trust and Belief from News and Observer's Contracted to Cheat series.
TRAVIS LONG — tlong@newsobserver.com

A yearlong investigative report by The News & Observer and The Charlotte Observer documents that North Carolina has lost nearly a half-billion dollars each year uncollected state and federal tax revenue from the misclassification of workers. 

Angelina's Kitchen
Leoneda Inge

North Carolina is in the middle of the pack nationwide when it comes to women’s employment and earnings.  That’s the latest from the Institute for Women’s Policy Research.

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