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Economy

Defective Chinese toys stem from bad working conditions

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Problems with toys made in China are once again getting attention from lawmakers in Washington. At a hearing Thursday they learned the defective toys are the end product from an assembly line of misery. Full story...
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Times are tough for home sales

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videoThe National Association of Realtors confirmed today what many people trying to sell their homes already know all too well: times are tough. Full story...
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North Carolina lawmakers cosponsor mortgage bill

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Two North Carolina Democrats are among those co-sponsoring a bill in Congress to restrict lending practices partly blamed for the nationwide increase in mortgage defaults and foreclosures. Full story...
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College costs nearly double rate of inflation

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A new survey has news that will come as no surprise to parents paying for higher education. It shows college costs this year are nearly double the rate of inflation. Full story...
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20 years later, could Black Monday happen again?

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Twenty years ago today the US stock market posted its single worst one day loss in history. Could what happened on Black Monday happen again? Full story...
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N.C.'s unemployment rate rises to 4.9 percent in September

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North Carolina's unemployment rate rose slightly in September, climbing to 4.9 percent. Full story...
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US rich getting richer

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One way of measuring the distribution of income in the United States is by looking at income tax returns. Results have been released showing that the rich are getting richer. Full story...
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North Carolina getting 1,100 new jobs

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A Raleigh company that performs clinical research trials plans to expand its work force by nearly 1,100 employees by the end of 2011. Full story...
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Home inspection integral in buying process

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The real estate business hit a few milestones in August -- and not in a good way. Total US home sales fell to their lowest level in five years while the number of homes on the market rose to new heights. Full story...
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Local companies could bring new jobs to area

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Two local companies could bring nearly one-thousand new jobs to the area. New Hanover County commissioner Nancy Pritchett says negotiations are still in the talking stages, but the county is offering $13 million in incentives to GE-Hitachi and Invista to expand. Full story...
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Plant expansion brings jobs to Brunswick County

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More than two dozen new jobs will be coming to Brunswick County with the expansion of a fiber and resin plant in Leland. Dak Americas is a major producer of soft drink bottles, thermoforming and heat set containers. Full story...
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American workforce graying

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The graying of America extends to the work force. More and more Americans are finding reasons to spend their golden years on the job. Sol Taylor is twice the age of most people in his realty office. At 76 the former biology professor works four-ten hours a day. Full story...
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Housing market slowdown expected to continue

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For most of the year, analysts have been witnessing a significant slowdown in the housing market. Now, they're predicting that the trend could continue for longer than expected. If you think the housing slump is going to end soon -- think again. Full story...
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9/11 attacks changed world's economy

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The terror attacks on September 11, 2001 took a terrible human toll and sparked a war on terror. They also changed the world's economy -- reducing global growth, pummeling industries, and costing billions of dollars. Full story...
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August job loss shocks economists

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There was good economic news in August, with strong retailing and manufacturing numbers. But there was also bad news: the Labor Department says 4,000 jobs were lost last month and that has caught economists by surprise. Full story...
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