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Economy

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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NC government losses push jobless rate to 10 percent

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North Carolina's unemployment rate topped 10 percent in July as layoffs by school districts and other government employers outweighed private sector gains. Full story...
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Toyota of Wilmington to expand despite Japan tsunami and economic recession

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video Toyota of Wilmington broke ground today, expanding their dealership to 65,000 square feet. But with the economy still in the dumps and the tsunami in Japan impacting Toyota, is this really the best time to expand? Full story...
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Tourism spending increases in New Hanover county and statewide

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Tourism spending is up in New Hanover county. The county ranks 9th in the state for economic impact through tourism. Full story...
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Grocery auction may become reality TV show

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video Let the bidding begin! Call it a new trend in grocery shopping. Kurt and Missy Hefner travel the state auctioning off discount products to folks looking for a good deal. Full story...
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Job openings rose in June, though levels are low

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Employers posted more job openings in June, a sign that hiring could improve a bit in the coming months. Full story...
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ONLY ON 3: Sen. Burr answers viewer questions about economy, Washington

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videoAfter the lengthy debt ceiling debate, continued unemployment and now the downgrading of America's credit rating, many of you have a lot of questions, as well as growing frustrations, about what's going on in Washington. Sen. Richard Burr (R-NC) stopped by our studio to answer questions about what's going on with the economy and the political system that has a big factor on it. Full story...
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US stocks rise after big fall

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Bargain hunters are pushing stocks up in midday trading, and the Dow briefly was above 11,000. Full story...
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McIntyre: Focus should be local, not on Washington in wake of credit downgrade

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We caught up with Rep. Mike McIntyre today in Brunswick Ccounty and asked him for his thoughts about Standard & Poor's downgrade of America's credit rating. The congressman says southeastern North Carolina cannot focus on the debate in Washington, but rather should focus our attention here locally to boost our own economy. Full story...
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S&P downgrades US credit rating

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The US credit rating has been downgraded from AAA by S&P. This is the first time in the history of credit ratings that the US rating has been downgraded. Full story...
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Stocks mostly lower after a day of wild swings

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Stocks are closing mostly lower after a day of whipsaw trading. The Dow Jones industrial average traded in a huge range of 400 points. Full story...
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