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Business

UPDATE: Surf City leaders give ice cream truck owner permit to sell in town neighborhoods

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video UPDATE: After a public hearing Tuesday night, Surf City town council voted to give Anthony Caporino a permit to sell his ice cream in neighborhoods within the town. Now, Caporino will be able to sell ice cream in both Surf City and North Topsail Beach. Full story...
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Tourism spending up in NC, Cape Fear

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video Tourism money is good money, it is a green and giving industry that every community wants. In North Carolina tourism spending is up, here in the Cape Fear we are cashing in. Full story...
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Small businesses say tax-free weekend is an early Christmas

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video Tax-free weekend has moved Black Friday into August, and small business owners are preparing to pass the savings on to you. The sales tax holiday is intended to help ease the cost of back-to-school shopping, but for bargain hunters and local business owners, it's Christmas come early. Full story...
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Core drama at largest US electric company lingers

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The investigations into whether regulators and consumers were misled ahead of the merger of North Carolina's two Fortune 500 energy companies could continue quietly for months after a deadline arrives next week. Full story...
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NetApp to expand in NC, create 460 jobs in 4 years

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Data management provider NetApp Inc. says it's creating another 460 jobs in North Carolina for a new high-performance computer center and paying the new employees six-figure average salaries. Full story...
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GE Aviation lands $17.5 billion in contracts at UK air show

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GE Aviation brought in $17.5 billion in orders for engines and services at the recent Farnborough Air Show in England, and the company’s plant in Castle Hayne is involved in almost all the business. Full story...
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Fine dining restaurants take a hit downtown

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video With so many people out of work or just trying to save money, eating an expensive meal is not something everyone can afford right now. So we wanted to know how other fine dining restaurants in downtown Wilmington are handling the tough economy. Full story...
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First Chairman of NHRMC Board of Trustees passes away

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A Wilmington businessman who played a pivotal role in the founding of New Hanover Regional Medical Center has died. Full story...
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Duke to NC regulators: CEO's term not guaranteed

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The man unexpectedly appointed as Duke Energy's CEO says the executive who was supposed to hold the top job was dumped minutes after creating the United States' largest electric company. Full story...
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Ex-Progress Energy directors upset with CEO change

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Former board members of Progress Energy are upset the chief executive of their company, Bill Johnson, was ousted as head of Duke Energy just hours after the companies merged. Full story...
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Wilmington-based Castle Branch adding more jobs

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Wilmington-based Castle Branch Inc., says it plans to add more than 50 new jobs over the next year. Castle Branch is the 10th largest privately held employment screening company in the country. Full story...
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Mid-week holiday crowds big boost for beach businesses

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video It's no secret that on Independence Day many locals and vacationers make their way to the beach. What may be surprising is how much businesses there rely on the influx of people. Full story...
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Progress CEO out, gets up to $10.3M after merger

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The Progress Energy chief executive whose sudden departure was announced hours after the merger creating America's largest electric utility is getting a big payout. Full story...
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Cold War: Frozen yogurt creates hot market in Wilmington

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video Do you like to stop for sweet treats on these hot summer days? If so, it seems like you're not alone. There are about a dozen frozen yogurt shops in the Wilmington area, and the growth shows no signs of stopping. Full story...
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Loss of surf tourney wipes out big bucks for Wrightsville Beach

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video Wrightsville beach's biggest surf competition will not happen this summer. The Reef Sweetwater Pro-Am was the second biggest surf competition on the entire east coast. Now the event that packs local hotels and stores each July is gone. Full story...
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