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Economy

Stocks, bonds rise sharply as Fed keeps stimulus

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videoThe stock market is closing at a record high after the Federal Reserve's surprise decision to keep its economic stimulus in place. Full story...
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NC Commerce Secretary says small biz, exports keys to economic growth

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video North Carolina Commerce Secretary Sharon Decker was the guest speaker at a luncheon for business leaders in Wilmington. Decker says much of the growth in this economy is going to come from small and mid-sized businesses. Full story...
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2 NC governments consider incentives for Carowinds

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Local governments are considering whether to help Carowinds by giving more than $900,000 in incentives to the corporate owner of the theme park that straddles the North Carolina-South Carolina. Full story...
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CSX designation could help Brunswick Co. lure long-wanted jobs

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video Railroad giant CSX announced Brunswick County's Mid Atlantic Industrial Park on US 74/76 is now designated a CSX Select Site. Local leaders hope the move will eventually help bring a major manufacturer and jobs to the area. Full story...
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Duke Energy selects Brunswick County location for Site Readiness Program

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video Duke Energy Progress has chosen a 220-acre tract along the Cape Fear River in Navassa to participate in the utility's 2013 Site Readiness Program to prepare the location for potential industrial development. Full story...
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Walgreens buying Raleigh-based Kerr drugstores

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Walgreens announced Tuesday that it has entered into an agreement to buy Raleigh-based Kerr drugstores. Financial terms of the deal were not released. Full story...
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Lee Controls to create 77 jobs in Brunswick Co.

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videoLee Controls, LLC is a world-class manufacturer of round rail products. The company produces precision linear motion components, including linear precision balls, ceramic, and Teflon® bearings, pillow blocks, and accessories such as carriage locks, carriage plates, and ball screws. Full story...
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Wilmington & New Hanover Co. may pay half million in incentives to Live Oak Bank

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Wilmington and New Hanover County officials are considering ponying up $575,000 worth of incentives for Live Oak Bank. Full story...
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Raleigh increases number of propane-powered cars

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The Raleigh Police Department is increasing the number of police vehicles powered by propane gas. Full story...
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Wake Forest Baptist eliminates merit raises

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Wake Forest Baptist Medical Center has cancelled a 1.5% merit raise for employees. Full story...
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