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Economy

NC jobless rate for January still above 10 percent

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The latest report on North Carolina's unemployment rate paints a darker picture of the state's economy. The state Commerce Department reported Tuesday that the unemployment rate in January was 10.2 percent, much higher than the national average of 8.3 percent. Full story...
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Foreclosure rates in Wilmington on the rise

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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 foreclosure rates in December 2011 at just over 2 3/4% Full story...
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More permits issued for Apple, Inc. in NC

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More permits are being issued for Apple Inc., which has a data center in the North Carolina town of Maiden. Full story...
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ONLY ON 3 & THE BIG TALKER FM: Poll shows voters not fans of baseball stadium for higher taxes

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videoA proposal to build a taxpayer-funded baseball stadium in Wilmington is striking out with voters there, according to a new flash poll conducted with media partners WWAY NewsChannel 3 and The Big Talker FM. Full story...
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Obama urges shift to new energy technologies during NC visit

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President Barack Obama on Wednesday made his most urgent appeal yet for the nation to wean itself from oil, calling it a "fuel of the past" and demanding that the United States broaden its approach to energy. Full story...
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Streak in gas price hikes ends at 27 days

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Gasoline prices have finally dropped after 27 days. The nationwide average for regular unleaded slipped less than a penny to $3.764 per gallon on Tuesday. Full story...
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Obama to address economy in politically important NC

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President Barack Obama will travel to Charlotte Wednesday to speak about the economy. The trip keeps up Obama's weekly visits to politically important states, drawing attention to the economic recovery and steps aimed at sustaining it. Full story...
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FIRST ON 3: NC commerce secretary not discouraged by loss of industry to other states

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videoContinental Tire and Caterpillar both considered building in Brunswick County, but both decided to go somewhere else. Commerce Secretary Keith Crisco does not see this as a negative, but a positive; not because we lost the companies, but because they considered us in the first place. Full story...
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Dow closes above 13,000 for first time since 2008

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The Dow Jones industrial average has closed above 13,000 for the first time since May 2008, four months before the financial crisis. Full story...
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First house listed at more than $3 million sold since 2010

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Intracoastal Realty reached a significant sales milestone this month, with the $3.15 million sale of 14 Southridge Road on Wrightsville Beach, NC. This is the first sale over $3 million in Brunswick, New Hanover, and Pender counties since October 2010 and the first $3 million-plus sale on Wrightsville Beach since September 2009, according to local MLS data. Full story...
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Productions spent $113M in Wilmington in 2011; more predicted for 2012

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Movie, TV and commercial productions spent more than $113 million on goods and services in the Wilmington area last year, according to the Wilmington Regional Film Commission. The commission expects an even better year in 2012. Full story...
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FIRST ON 3: Brunswick County eliminated from Caterpillar search last week; thousands of jobs to Georgia

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video Caterpillar will not call southeastern North Carolina its new home. Brunswick County Economic Development Commission Executive Director Jim Bradshaw says Brunswick County was eliminated from the selection for a proposed manufacturing plant back on February 7, but officials chose to keep that decision quiet until now. Full story...
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Caterpillar to build plant in Georgia, create 4,200 jobs

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Georgia Gov. Nathan Deal confirmed that Caterpillar plans to build a new manufacturing facility in Georgia, a project company officials say will create more than 4,200 US jobs. Full story...
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Wilmington-shot 'Journey 2' takes 3-D movies to new dimensions

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videoIt's a milestone day in Hollywood East. "Journey 2: The Mysterious Island" opened today. It's the first big production shot on the so-called Dream Stage at Screen Gems. The movie features special effects and underwater scenes never before shot in 3-D. Many of them were shot in Wilmington. Full story...
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Brunswick Co. leader says 'large project' in the works, met with company last week

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video Word of whether Brunswick County will be the new home for Caterpillar is still under wraps, but one county leader has confirmed a big project is currently in the works. Full story...
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