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Economy

As summer arrives, seafood prices climb

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Higher prices are the story on seafood menus across the area, just in time for the summer tourism season. Seafood markets and restaurants alike agree it's a combination of a shorter supply partly due to the Gulf oil spill as well as higher demand with the onset of summer. Full story...
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Unemployment drops in 99 of NC's 100 counties

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videoThe unemployment rate in the Wilmington metro area dropped to 9.7 percent from 10.6 percent in March. Full story...
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Soccer tournament gives businesses a leg up

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video Local businesses got a kick out of this weekend's 17th annual Seaside Soccer Classic. More than 4,000 soccer players and their family and friends made a trip to Wilmington this weekend. Full story...
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Homebuyers racing clock for tax credit

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video The race against the clock is almost over for homebuyers trying to find the perfect house, at the perfect price. Today is the last day for the first time homebuyer tax credit, which saves buyers as much as eight thousand dollars. Full story...
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ONLY ON 3: Job market tough as college graduation nears

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videoUnemployment rates are still high, and that's putting a damper on some UNCW seniors' spirits as they prepare to graduate. Full story...
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Federal tax incentive ends April 30

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video A federal tax incentive to motivate people buy new homes ends in a few days. Full story...
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Former bank CEO starts over

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videoIt's become a familiar story for many as the nation struggles with a devastating economy: losing your job and having to start over from square one. Rick Willetts was the head of Cooperative Bank. Last June the bank collapsed; the tough economy devouring what he had taken so much pride in. Full story...
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Local firms upset with tourism marketing outsourcing

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videoThey're speaking out against the recommendation because it urged Wrightsville Beach to use a marketing firm from South Carolina to promote tourism in our area. Full story...
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Azalea Festival brings business boom

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video There were concerns prior to the festival that the front street improvement project might hurt profits, but shops and restaurants say business was good. Full story...
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Despite challenges, restaurants opening downtown

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videoThe Blue Lotus on Front Street closed after only four months, but one restaurant opened last week and another is gearing up to open its doors next week Full story...
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ONLY ON 3: Kenya gets a job

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With the state unemployment rate more than 11 percent, last week we decided to follow one woman through her job hunting process. Today that woman found a job. Full story...
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Consumer spending rise could mean more jobs

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videoDespite stagnant income, consumer spending increased for the fifth consecutive month in February. Experts say that could help many unemployed people find a job. Full story...
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Spring, summer could be busy in housing market

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video Spring typically tends to be a busy time for realtors, but buyers should know that time is running out to take advantage of a federal tax credit that could help them keep some cash in their pocket. Full story...
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Gov. Perdue talks jobs with business leaders

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video Gov. Bev Perdue used a power breakfast with area business and community leaders to outline her plans to bring more jobs to the state. The governor pledged to recreate the Port City's community that thrives on small businesses. Full story...
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Businesses against Southport sign ordinance

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video Call it a sign of frustration. A lengthy city ordinance tells Southport businesses which signs they can or can not use. Business owners say without the signs they have no business. Full story...
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