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Economy

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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New program helps bring local produce to your table

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video Looking for fresh, locally grown produce, but don't have the time to shop around? We might have a solution for you. The Feast Down East local food buying club recently opened to the public, and it does not just benefit your health. Full story...
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Whole Foods set to open, as upscale grocery trend continues in Wilmington

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Upscale grocery stores have begun popping up across the Port City. The newest is the Whole Foods on Oleander Drive, which is scheduled to open later this month. Representatives from their competition say they welcome the challenge. Full story...
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Lower gas prices creating lines at pumps

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Prices at the pump continue to fall. The Shell at Red Cross Street and N. 3rd Street in Wilmington was packed today, and they're not even lowest prices in town. Full story...
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ONLY ON 3: Tour of GE plant to discuss $2 billion deal

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video Our local economy is getting a big boost. Australian airline Qantas has placed a $2 billion order with the GE Aviation Plant in Castle Hayne. Full story...
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Qantas places $2 billion GE Aviation order

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Australian airline Qantas has placed a $2 billion order with a Castle Hayne-based General Electric Aviation subsidiary, according to a news release. Full story...
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AAIPharma unveils new 40,000 sqft technology center

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Today a Wilmington-based company unveiled a multi-million dollar investment in the local economy. Full story...
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