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Business

Caterpillar expanding Clayton plant, adding nearly 200 jobs

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Gov. Beverly Perdue says Caterpillar Inc. will expand its manufacturing plant in Clayton, adding almost 200 jobs over five years and investing $33 million. Full story...
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High-speed Internet finally available in Columbus County

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video More than a year ago ATMC received $16 million in federal funds to bring high-speed internet to southern Columbus County. Now the program is 80 percent complete. Full story...
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"And the Winner is..." BEST SPORTS BAR

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video With football playoffs and basketball season in full swing, we want to know where do you like to go to watch the game? In this week's "And the Winner is..." contest, we want to know where you watch your favorite team play when you're not enjoying the game at home. Who has the biggest screens, the best gametime food and the coldest drinks? Let us know the BEST SPORTS BAR in the Cape Fear. Here's how the votes are rolling in (4 pm Thurs.):
Chaser's Sports Bar & Grill, Oak Island - 50%
Kick Back Jack's, Wilmington - 28%
Buffalo Wild Wings, Wilmington - 12%
Full story...

ONLY ON 3: Addition of high-end business sign of economy recovery in Wilmington

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video The Wilmington of the future will look a little different than it does today. Two high-end businesses are coming, and it appears another well-known national chain wants to set up shop here. All this despite the state of the economy. Full story...
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ONLY ON 3: Wilmington business closed in honor of Robert E. Lee's birthday

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Many businesses and schools were closed in honor of Martin Luther King Jr. Day Monday. Today at least one Wilmington business was closed in remembrance of another American leader. Full story...
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Duke-Progress agree to new July merger deadline

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Progress Energy and Duke Energy have set July as their new deadline for completing their merger creating the country's largest electric utility. Full story...
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Christmas tree sales affected by the economy

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videoFinances are putting a damper on Christmas tree sales. At least, that's what some Christmas tree lots are reporting this season. Full story...
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PPD CEO resigns after three months on job; Walks away with $3 million golden parachute

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Raymond Hill resigned effective yesterday. He came to the wilmington-based pharmaceutical research firm in september. Full story...
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Lowe's stands by decision to pull ads

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Lowe's is planning to stick by its decision to yank its ads from a reality TV show about American Muslims despite the growing opposition the home improvement chain is facing over the move. Full story...
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PPD sale finalized

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It's official. PPD has new owners. Pharmaceutical Product Development, Inc. today announced the completion of its acquisition by affiliates of The Carlyle Group and affiliates of Hellman & Friedman. The all-cash deal is worth about $3.9 billion. Full story...
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PPD shareholders approve sale

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PPD shareholders have approved the Wilmington-based company's sale to The Carlyle Group and affiliates of Hellman & Friedman. The vote came at a special meeting of shareholders today. Full story...
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NC approves deal to bring Chiquita from Ohio

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A North Carolina economic development panel has approved a $22 million incentives deal to bring the global headquarters of banana giant Chiquita Brands International from Cincinnati to Charlotte. Full story...
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Six-month moratorium approved for Wilmington's sign ordinance

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Among some big issues on tonight's Wilmington City Council agenda was the city's sign ordinance for businesses. Full story...
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Leland leaders look at changing town's sign rules

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video The Town of Leland is making changes to sign laws and the permitting process for signs. The Leland Sign Committee has been working over the last several years to try and simplify advertising for business owners. Today was another step in the process. Full story...
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Wilmington company turning yard trash into treasure

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video With the economy the way it's been, it's tough to find feel good stories in the business community. ABC World News has been featuring businesses that are putting people to work in its "Made in America" series. We found a local business that is doing well and selling product that's "Made in the Cape Fear" just off Market Street. Full story...
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