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Economy

Bank of America nixes $5 debit card fee

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Bank of America is nixing its plans to charge a $5 debit card fee. The bank says in a statement that the decision to scrap the plan came after listening to customer feedback in recent weeks. Full story...
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Unemployment down in Wilmington area in September, still higher than a year ago

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Unemployment dropped in 92 of North Carolina's counties in September, including all five of our counties, according to the Employment Security Commission. Full story...
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'Iron Man 3' coming to Wilmington, expected to pump $80M into local economy

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video The rumors are true. Tony stark and the third installment of the "Iron Man" movie franchise will fly into Wilmington. The film is expected to bring hundreds of jobs and millions of dollars to the local economy. Full story...
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NC on the hook for $20M this year for hurricane

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State officials say North Carolina government should be on the hook for roughly $20 million this fiscal year for its share of costs to respond to Hurricane Irene. Full story...
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Students happy about plan to lower student loan payments

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video As the economy sags many college grads find themselves burdened by student loan debt while struggling to find a job. Today President Obama announced a plan that could provide some relief through lower student payments. Full story...
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FIRST ON 3: Treasury Secretary Geithner coming to Wilmington

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US Treasury Secretary Tim Geithner will tour a Wilmington business tomorrow as he helps tout President Obama's jobs plan. The secretary will visit Corning's fiber optics manufacturing facility. Full story...
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Occupy Wilmington takes message on the road

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Occupy Wilmington was back at it again this afternoon, sharing the group's message with drivers at one of the city's busiest intersections Full story...
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Social Security recipients to get 3.6 percent increase

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Some 55 million Social Security recipients will get a 3.6 percent increase in benefits next year, their first raise since 2009. Full story...
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Obama on NC, VA bus tour: 'I'm the president'

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President Barack Obama says he's touring Republican areas of North Carolina for a simple reason. "I'm the president," he says. Full story...
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Obama in North Carolina to push for action on jobs bill

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President Barack Obama has left the White House for a flight to North Carolina, where he'll begin a three-day bus tour aimed at pushing Congress to pass pieces of his jobs bill -- while also trying to build support for his re-election bid. Full story...
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Experts say local economy recovering, but slowly

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video Good economic news for the region was announced today at the eighth annual Economic Outlook Conference at the University of North Carolina Wilmington, where faculty economists forecast that the Wilmington area will outperform the state and nation in economic growth in the coming year. Full story...
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NASCAR's NC roots help drive economy

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video 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...
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Honda Aircraft to build $20 mil repair center in Greensboro

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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...
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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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