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Economy

Beach Business Booms at Oak Island

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video Tourism dollars can make or break a business at the beach. One Oak Island man took a risk and opened a restaurant in the heart of the recession. Thanks to a busy summer, that risk paid off. He's not the only one seeing dollar signs. Full story...
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Navy SEAL bin Laden book out-selling '50 Shades' on Amazon

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"No Easy Day," the controversial book by a former U.S. Navy SEAL and StarNews editor about the commando raid that killed Osama bin Laden, has stormed to the top of U.S. book sales on online retailer Amazon.com. Full story...
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National gas prices set Labor Day record, relief coming

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The U.S. national average for gas prices has beaten another record: highest average ever on Labor Day. The previous record, $3.69/gal in 2008, has been toppled, much to the chagrin of millions of travelling motorists this weekend. Full story...
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Labor Day deals and steals

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Analysts say Labor Day deals are actually better than Black Friday sales. See a list of discounts to look for today. Full story...
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Beach business strong this year

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video While we still get to enjoy another three weeks of summer, the Labor Day weekend marks an unofficial turning point here in our beach towns. Local business say they caught a wave of cash this year. Full story...
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UNCW study says school pumps $1 billion into local economy

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video For years, University of North Carolina Wilmington has been a key part of the community in the Port City. Today the university released a new study that puts a 10-figure price tag on just how big its impact is each school year. Full story...
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Romney says US energy independence is achievable

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The GOP presidential candidate says his plans for reaching that goal include increased offshore oil drilling in the Gulf of Mexico and off the coast of Virginia and North Carolina. Full story...
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Wilmington-based ethanol-maker gets USDA backing for fuel plant

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A company that wants to turn grass grown on North Carolina hog farms into motor fuel is getting the federal backing it wants to build an ethanol plant. Full story...
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Interview with Buy Local ILM founder

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video Good Morning Carolina anchor Ashley Jacobs sat down with Gayle to talk about why we should buy local products, and how much it helps our local economy thrive. Full story...
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Olsen Farms says City of Wilmington defaulted on building park

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The City has recently announced plans to place a bond referendum on the ballot in November to fund a $37 million baseball stadium in the City, and attorney Gary Shipman said that this was particularly disturbing to his Olsen Farms. “We think that the City needs to fund and complete its current obligations before embarking on any others, and we’re hopeful that our discussions with the City over the coming weeks will refocus the priorities,” Shipman said. Full story...
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