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Economy

National drought a double-edged sword for NC farmers

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video The drought across much of the country is threatening to drive up the price of a lot of the food we eat. Here in the Cape Fear it's a double-edged sword for corn farmers.Demand is high for their product, but the heat is taking a toll on the crop as well. 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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Crow Hill closes

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As Caffe Phoenix prepares for its July 31 closing, the restaurant that took over the 9 Front St. space Caffe Phoenix originally filled served its last meal Sunday. Full story...
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Big productions making impact on Cape Fear

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video Call it the "Iron Man Effect," and we're not talking about Tony Stark. Instead, the economy in the area is flourishing thanks to multiple productions here in Hollywood East. Full story...
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Cherokee's casino holds job fair to fill 500 slots

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The new gaming agreement between the state of North Carolina and the Eastern Band of Cherokee Indians is prompting operators to hold two job fairs to add 500 new positions. 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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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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Beach rentals sold out for 4th for first time since 2007

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video The 4th of July is just days away, and the rental home business is heating up to a level it hasn't hit in years in our area. One real estate company that deals with homes all over New Hanover County is all rented out for the 4th. Full story...
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Sen. Burr honored in Wrightsville Beach; talks about upcoming elections

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videoSen. Richard Burr was in Wrightsville Beach Sunday night to receive the NC Association of Broadcasters Distinguished Service Award. Although he was there to be honored, he had much more than that on his mind. One of the issues at the top of the list: the elections in November. 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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How billionaires like Warren Buffett profit from minor-league baseball ownership

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Why would some of the nation's wealthiest men be interested in owning such small professional sports teams? Simple: it's smart business. Full story...
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Wilmington City Council votes to spend $60,000 from downtown parking fund for marketing

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video The city will spend $60,000, $30,000 of which will come out of this fiscal year's budget. The other $30,000 will come out of next fiscal year's budget in two phases. Full story...
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Foreclosure rates in Wilmington up again

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A new housing report out today indicates foreclosure rates in the Wilmington area are on the rise. These figures, coming from CoreLogic, show rates in March 2012 at nearly three percent. Full story...
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FIRST ON 3: Commissioner Berger's house in foreclosure, to be auctioned off

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New Hanover County Commissioner Brian Berger's house is being foreclosed according to a notice posted this week in the Lumina News. It will also be auctioned off at the New Hanover County Courthouse on May 29 at 10 a.m. Full story...
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