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Business

PPD sale clears first hurdle

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PPD is a step closer to new ownership after a 30-day "go-shop" period ended last night. The period was a chance for PPD to see if it could find a better offer than the merger agreement it made on October 2 with The Carlyle Group and Hellman & Friedman LLC, according to a PPD news release. Full story...
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Treasury Secretary visits Corning; pushes American Jobs Act

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video Putting America back to work. That's what President Obama hopes to accomplish with his American Jobs Act. Treasury Secretary Tim Geithner is a staunch supporter of that act. He was in Wilmington today to discuss the proposal and to tour a manufacturing company that could play a key role in improving our information infrastructure. Full story...
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Study: NC business has more friends at Legislature

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A nonpartisan group focused upon improving North Carolina's business climate says the General Assembly became more business friendly this year as the Republicans took control and pushed through several changes. Full story...
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TWC call center closing means 45 layoffs

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Forty-five people will be out of work when Time Warner Cable closes its Wilmington call center in December. Full story...
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Perdue wants Chinese students going to NC colleges

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Gov. Bev Perdue wants Chinese business and education leaders to consider steering more students to North Carolina colleges and universities. Full story...
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Experts say local economy recovering, but slowly

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video Good economic news for the region was announced today at the eighth annual Economic Outlook Conference at the University of North Carolina Wilmington, where faculty economists forecast that the Wilmington area will outperform the state and nation in economic growth in the coming year. Full story...
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New store brings old feel to downtown Wilmington

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video There's an old saying "If you hold onto it long enough, it will come back in style." A new shop in downtown Wilmington is banking on the clothing karma, hoping these classics make their way to the Wonder Shop and then to your closet. At the Wonder Shop, that's not just the business plan, but the inspiration for the store itself. Full story...
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Front Street to see new businesses

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video Downtown Wilmington might be starting to bounce back as a handful of businesses will be opening on Front Street. A few of those places are replacing legendary city locations like old Tom's Drugs store and Orton's Pool Room. Full story...
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NC fashion firm has first 'made in USA' delivery

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A North Carolina clothing company that wants to help revitalize the state's textiles industry has its first fully made-in-America delivery ready to go. Full story...
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Bank of America website woes last into 6th day

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Bank of America's website is having troubles for the sixth straight day, meaning customers may still have difficulty signing into their accounts. Full story...
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