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Economy

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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Reports indicate good, bad news for housing market, economy

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As investors and market watchers keep an eye on the unfolding mortgage mess, two economic reports released Tuesday appear to indicate the troubles in the housing market could be impacting the economy overall. Full story...
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NC needs more educated, skilled workers than colleges can provide

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A report out today says North Carolina's universities are falling behind on providing the number of well-educated, skilled workers the state needs. Full story...
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Counterfeiting is booming business

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Shoppers know a bargain when they see one. Many times they're aware that what they're buying are knockoffs. Counterfeiting is a booming business. Full story...
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Hurricane Dean could impact gas costs

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As Hurricane Dean continues to carve a deadly destructive path it could also create a devastating impact on the economy -- particularly with the production of oil in the Gulf of Mexico. Could gas prices skyrocket the way they did after Katrina? Full story...
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Fed cuts discount rate

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The Federal Reserve is taking dramatic action to restore calm in global financial markets amid the turmoil triggered by a widening credit crisis. Full story...
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IRS extends hybrid incentives

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New from the IRS: the government is extending a tax incentive to purchase certain Ford hybrid vehicles. Full story...
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South-eastern housing market performing better than nation-wide

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videoNation-wide, housing sales are the worst they've been in four and a half years. But the real estate market isn't suffering as much here in the southeast as it is in other parts of the country. That's according to Karen Davis, a mortgage loan officer at Sun Trust mortgage. Full story...
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New numbers show hurting housing market

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New numbers out Wednesday show that the housing market is still hurting. Sales of pre-owned homes fell to their lowest level almost five years during June. When it comes to buying a home you've got to get a loan. Normally people are worried about borrowers with poor credit not being able to pay for a home. Full story...
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Study says police, teachers can't afford to live in Brunswick County

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A University of North Carolina study says the rising cost of housing in some coastal areas means teachers, police officers and other so-called "essential workers" can't afford to live where they work. Full story...
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