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Business Article Archive

November 22, 2009

'A new day' for power in N.C.

Despite its modest contribution to our energy needs, renewable energy will have a substantial effect on utilities’ management practices and North Carolinians’ sense of control about their energy future. Read More

Ho, ho, ho? Retailers, shoppers hope so
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Consumers want deals, retailers want sales. Both could end up disappointed this holiday season. Read More

Savvy Shopper: Black Friday is a big deal for bargain shoppers
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Tough economic times aside, bargain hunters are still expected to rise at the crack of dawn (or not sleep at all), fight over parking spaces and stand like sardines at the cash register on Black Friday. Read More

What will replace nuclear power, coal in North Carolina?

For decades, North Carolina has generated almost all of its electricity with coal-fired or nuclear power plants. Read More

November 20, 2009

Farm market opens downtown
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The Dodge Lodge Farm Market on Greene Street offers fresh local food and some nonlocal items. Read More

Local manufactured homes company accused of deceiving buyers

WINSTON-SALEM (MCT) — Two state agencies have accused three companies with ties to the Triad of "an elaborate scheme" to deceive consumers into buying overpriced manufactured homes. Read More

N.C. unemployment up for first time since May

North Carolina’s unemployment rate increased to 11 percent in October, according to statistics released today by the Employment Security Commission of North Carolina. Read More

November 19, 2009

Cigarette maker Lorillard to seek next CEO

The maker of Newport menthol cigarettes, based in Greensboro, told the Securities and Exchange Commission that said its board of directors plans to replace Martin L. Orlowsky after his contract expires Dec. 31, 2010. Read More

Mall owner, lenders agree on debt rework

Mall operator General Growth Properties Inc. says its lenders have agreed to restructure some $8.9 billion in loans secured by shopping centers. Read More

400 have final day at Dell
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Those employees' last day was Wednesday as the company began winding down the work force at its desktop-assembly plant in Winston-Salem. Read More

Fugitive's luxuries bring high bids

The glittering former possessions of former Raleigh financier William Wise flew off a local auction block Wednesday. Read More

Two groups to educate public about green jobs

Beloved Community Center and Face to Face Greensboro will sponsor an event called “Green Jobs Plus Low-Income Families: A Community Investment” on Monday in the East White Oak neighborhood. Read More

November 18, 2009

Former N.C. banker's luxury goods to be auctioned

Jewels, art, cars and more than 150 bottles of fine wine will be auctioned off in North Carolina's capital city to help recoup nearly $70 million in losses for investors duped in an alleged Ponzi scheme. Read More

Lexington home gets extreme makeover
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The family of a teacher who suffers from colon cancer is helped by ABC's “Extreme Makeover: Home Edition.” Read More

Sony Ericsson to close RTP site; 420 jobs to be lost

The company is moving its North American headquarters to Atlanta Research Triangle Park. Read More

Senators blast Web sites for scamming shoppers
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A Senate committee Tuesday condemned three online companies, saying they are tricking consumers into signing up for subscription services they don't want. Read More

November 17, 2009

Honda Aircraft sending 500 care packages to troops
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Thanks to the employees at Honda, 500 care packages will go to soldiers from Fort Bragg and Marines from Camp Lejeune who have been deployed to Iraq and Afghanistan. Read More

Former Bassett Furniture CEO Spilman dies at 82

Robert Spilman served on numerous corporate boards including Dominion Resources and Jefferson-Pilot Corp. Read More

Costco stops carrying Coke drinks in price dispute
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Costco customers may have to look elsewhere for Coca-Cola products now that the retailer has stopped carrying them because the pair are fighting over prices. Read More

Walmart cuts prices on toys, video games

Wal-Mart Stores Inc. says it will temporarily cut prices up to 60 percent on popular toys and video games on Saturday, almost a week ahead of the traditional sales blitz the day after Thanksgiving. Read More

Retailers trying to prevent Black Friday chaos
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The retail industry is going out of its way to make sure this year's holiday shopping season doesn't spin out of control. Read More

November 16, 2009

N.C. settles with Vonage

The Internet phone company will pay $3 million and provide refunds to eligible customers. Read More

RF Micro buys back $197 million in notes

Chip maker RF Micro Devices Inc. said Monday it has finished restructuring its debt, buying back $197 million in notes coming due next year. It also boosted its cash flow forecast. Read More

Lowe's profit falls

The home-improvement retailer sees signs of hope because, it says, some of the hardest hit home markets are stabilizing. Read More

November 15, 2009

Are these plants worth rebuilding?
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The Deep River has seven hydroelectric plants. Only five of them work. But their owners want money for upgrades and rebuilding. Are they worth it? Read More

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