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Economy

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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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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