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Business Article Archive

September 25, 2009

Unemployment rate dips slightly in Guilford

The unemployment rate in Guilford County dipped slightly in August to 11.4 percent from 11.7 percent in July, according to statistics released Friday by the Employment Security Commission of North Carolina. Read More

Poultry company to expand in Mocksville

Townsends Inc., which makes poultry products, announced today that it will expand in Mocksville, adding 103 jobs and investing $700,000 over the next three years. Read More

September 24, 2009

Nintendo cutting Wii price by $50 to $200

Nintendo on Sunday will cut the price of its popular Wii console by $50, in a bid to broaden its appeal among potential new customers as it prepares to release the Wii Fit-Plus and New Super Mario Bros. games. Read More

Apartment complex to be sold at foreclosure auction

The Reserve at Regents Center has 144 units and is located at 100 Regents Center Court in Lexington. Read More

September 23, 2009

EPA sues North Face over anti-bacterial claims

Environmental regulators are suing the parent company of outdoor apparel maker The North Face, alleging footwear marketed as anti-bacterial violated federal pesticide laws. Read More

Bank of America, JPMorgan overhaul overdraft fees
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As lawmakers prepare to implement sweeping credit card reforms, Bank of America Corp. and JPMorgan Chase & Co. are moving to overhaul overdraft fees and practices that have been criticized industrywide as excessive and harmful to consumers. Read More

Airline slapped with EEOC suit after CEO's arrest
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A charter airline that once operated as Hooters Air has quit ferrying NBA stars and rockers as it struggles against lost contracts and a felony charge against its CEO for allegedly failing to make payments on his employees' group health insurance. Read More

Hanesbrands using Everest bid to showcase apparel

RALEIGH (AP) — Hanesbrands Inc. is using a Mount Everest climbing expedition to test and showcase the company's advances in high-tech apparel.Officials for the Winston-Salem-based company plan to announce the expedition Wednesday morning at North Ca... Read More

Lowest bidder wins at reverse auction Web site
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As the bidding begins and if your timing is good, you can pick something up at a really decent price. Read More

September 22, 2009

New parking deck, shops proposed in downtown Greensboro

As many as five sites will be offered as possibilities at a meeting at 3 p.m. today in Greensboro. Read More

September 20, 2009

Get in line now for tax credit
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If you’re hoping to claim the tax credit for buying a first home, you need to start the process now. Read More

Trash-outs tell stories of loss
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Several junk removal services in the area have found a robust market for cleaning, or "trashing-out," foreclosed properties during the past two years. Read More

Savvy Shopper: Store caters to frugal fashionista
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Offering jeans at a fraction of what you'd pay at a high-end department store has paid off for store owner Jennie Barnes, who has seen steady business since she opened. Read More

September 18, 2009

N.C. unemployment rate dips slightly in August

North Carolina’s unemployment rate dipped to 10.8 percent in August from 10.9 percent in July, according to statistics released today by the Employment Security Commission of North Carolina. Read More

United Ways in Greensboro, High Point set goals
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Greensboro’s United Way estimates it must find 5,000 new donors to meet a campaign goal of $12.5 million, which is a lower goal than last year’s. Read More

Unifi raises earnings prediction

Unifi Inc. on Thursday raised its adjusted EBITDA guidance for the quarter that ends Sept. 27 to a range of $13 million to $14 million. Read More

Small business incentives are delayed
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County commissioners have sent a copy of the proposed policy to the state attorney general for review. Read More

September 17, 2009

YWCA property up for sale
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Some hope the move could open space for an expansion of Festival Park. Read More

Hanesbrands to sell yarn operations, close 3 facilities
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Hanesbrands Inc. said today it will stop making its own yarn, a move that will close one plant and two warehouses in North Carolina. Read More

WFDD to shorten pledge drive

88.5 WFDD, the public radio station licensed to Wake Forest University, will condense its normal 10-day pledge drive into one day: Oct. 7. Read More

Replacements cancels sale

Due to inclement weather, Replacements Ltd. has canceled its fall sidewalk sale. Read More

Pulitzer Prize-winning N.C. newspaper publisher dies

W. Horace Carter, a North Carolina newspaper publisher and editor whose crusades against the Ku Klux Klan in the 1950s earned him a Pulitzer Prize, died Wednesday. He was 88. Read More

September 16, 2009

Blockbuster may close up to 960 stores
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Blockbuster Inc. may close as many as 960 stores by the end of next year, shedding more dead weight as the struggling video rental chain tries to reverse its losses and fend off rapidly growing rivals Netflix Inc. and Redbox. Read More

Workshop planned to discuss High Point Road area
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The city will hold a public workshop next week to get input as it moves forward with a second study for development recommendations along the High Point Road/West Lee Street corridor. Read More

Pace of recession slows locally

Economic indicators still “aren’t all that great,” a Brookings researcher says, especially employment. Read More

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