Economy

Some of the greatest drivers in the world will converge on Charlotte Motor Speedway Saturday at 7:30 p.m. on WWAY and ABC. The Bank of America 500 is the only NASCAR race on a Saturday in the Sprint Race for the Cup. Full story...

Honda Aircraft Co. is building a $20 million maintenance and repair center in North Carolina for a light business jet expected to start rolling off nearby production lines next year. Full story...

It's official. Southeastern North Carolina has lost more than 1,000 jobs to the Palmetto State. Continental Tires announced it will build a $500 million facility with 1,600 jobs in Sumter County, South Carolina. Now the state legislature and the governor's office here in North Carolina are playing the blame game. Full story...

“This is embarrassing for North Carolina. It’s this kind of incompetence and unethical behavior that has disgraced Democrat politician after Democrat politician in North Carolina. And we will not allow the state to do business like this anymore.” - State Senator Phil Berger Full story...

"Project Soccer" has been kicked back and forth between the Carolinas for months, but it seems the Palmetto State has scored. South Carolina Gov. Nikki Haley plans a major economic development announcement tomorrow in Sumter County. Word among North Carolina lawmakers is that officials from Continental Tire will announce their decision to build a factory south of the border, but what does losing this huge deal mean for our future? Full story...

A White House official says President Barack Obama is planning a bus tour through the politically importantstates of North Carolina and Virginia later this month to push for his jobs plan. Full story...

It looks like "Project Soccer" will kick off in South Carolina instead of North Carolina. The project was expected to bring hundred of jobs to our area and millions of dollars in investments. Full story...

An automotive parts company plans to add nearly 140 jobs at a North Carolina plant by the end of next year. Full story...

After a small drop in July, unemployment is up again in the Wilmington metro area. The region's unemployment rate climbed to 10.5 percent in August. That's up from 10.2 percent in July after a drop from 10.4 percent in June. The Employment Security Commission says 18,744 are unemployed in our area. Full story...

Home sale numbers in the Cape Fear are up more than ten percent in the last year. And while that may be good news, some realty experts say it's too early to celebrate. Full story...

A study finds North Carolina's once-fledgling wine industry, grape growers and related businesses are directly responsible for employing about 3,800 and those workers generate another 3,700 jobs. Full story...

North Carolina's unemployment rate jumped in August with fewer workers drawing a paycheck and nearly 12,000 more jobless. Full story...

Duke Energy and Progress Energy are asking North Carolina regulators to skip consideration of the economy in deciding whether to approve the companies' merger into the country's largest electric utility. Full story...

Bank of America says it will cut about 30,000 jobs over the next few years in a bid to save $5 billion per year. The troubled bank says it expects many of the cuts will come through attrition and eliminating unfilled positions. Full story...

Charlotte businesses eager to sell products and services when the Democratic National Convention arrives next year are getting a boost with a one-stop shopping guide. Full story...