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Economy

Loss of 'Project Soccer' leads to finger pointing

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video 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...
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Senator Berger blames Perdue's "Pay-to-Play Politics" for losing "Project Soccer"

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“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...
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'Project Soccer' looks like loss for NC as SC Gov. plans announcement tomorrow

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video"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...
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Official: Obama to embark on bus tour of NC, VA

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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...
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Rep. Hill: Senate leader blocking 'Project Soccer' for NC

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video 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...
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Auto parts supplier plans to add 140 jobs in Wayne County

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

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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...
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Experts cautious despite big jump in area home sales

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video 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...
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NC says wine industry grew 58 percent in 4 years

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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...
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NC sees jobless rate climbs again, to 10.4 percent

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North Carolina's unemployment rate jumped in August with fewer workers drawing a paycheck and nearly 12,000 more jobless. Full story...
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Duke, Progress want limits on NC's merger hearings

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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...
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Bank of America will cut 30,000 jobs

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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...
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Charlotte shows DNC where to find goods, services

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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...
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College freshmen hopeful about future despite tough economy

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video Some say the economy is recovering. Others think we're still in a recession. Either way you look at it, the truth is: it's still difficult to find jobs. Full story...
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