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Business

Brewing industry boom sparks a new business idea

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Breweries have been growing over the last few years all over the Wilmington area, but one new business will be able to connect all the dots. A tour that will take you behind the scenes of the brewing industry here in the Port City. You start and end this 4 hour tour in downtown Wilmington Full story...
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October jobless rate in NC drops to 6.3 percent

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video North Carolina's unemployment rate keeps falling. The state Commerce Department reported Friday that the jobless rate in October dropped to 6.3 percent, down from 6.7 percent in September. Full story...
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Wilmington ranked 9th for local Christmas shopping

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videoWilmington is the place to be for local holiday shopping. According to a recent study by Yelp, the Port City ranks No. 9 in the nation for shopping local this holiday season. Full story...
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NC lawmakers examine rules for Uber, Lyft, Airbnb

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North Carolina lawmakers have heard presentations on digital services that allow people to sell car rides through a smart phone app or rent out rooms to travelers. Car services such as Uber and Lyft and short-term rental sites including Airbnb represent a new business model that legislators are studying ahead of the session that begins in January. Full story...
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Officials announce 1,300 jobs coming to Wilmington

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videoGovernor Pat McCrory announced this afternoon that Vertex Rail will be adding 1,300 new jobs at the former Terex Crane facility located on Raleigh Street in Wilmington. The company will manufacture rail tank cars which are in high demand to transport crude oil from North Dakota, Texas and other energy-producing states. Full story...
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NEW DETAILS: 1,000+ jobs coming to Wilmington

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video Governor Pat McCrory is scheduled to attend a news conference Thursday, where officials will announce more than 1,000 new jobs appear headed to New Hanover County. Full story...
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Waffle House coming to downtown Wilmington

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videoDowntown Wilmington could soon see a well-known brand open its doors on N. Front Street. Wilmingtonbiz.com reports a Waffle House is slated to open in the building once occupied by the Soapbox Laundro-Lounge. Full story...
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Rail manufacturer to bring 1,000 jobs to Wilmington

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videoMore than 1,000 new jobs appear headed to New Hanover County. County Commission Chair Woody White, who is also on the Board of Directors for Wilmington Business Development, says he's heard the new company will be Vertex Rail Manufacturing. Full story...
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Bank of America taking $400M litigation charge

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Bank of America says it is taking a $400 million charge to cover additional litigation costs and cut its results for the third quarter. The Charlotte, North Carolina, company says it is in talks with U.S. banking regulators about its foreign exchange business. Citigroup cut its third-quarter earnings by $600 million on Oct. 30 for similar reasons. Full story...
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GE Hitachi gets big government grant for research project

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videoThe federal government has selected GE Hitachi to lead a research and development project. The company will receive a multi-million dollar investment from the Department of Energy to develop an updated safety assessment of the company's PRISM sodium-cooled fast reactor. Full story...
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