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Tuesday, July 27, 2021
Tags Economic

Tag: Economic

Burlington Stores to open in Wilmington

During a time many retailers are closing brick and mortar stores across America, one clothing chain is expanding and bringing a location to Wilmington.

NC legislature considers bonuses for unemployed who get jobs

North Carolina unemployment benefit recipients could get bonuses of $1,500 if they return to work soon under legislation unveiled by Republican lawmakers.

Audit: NC pandemic aid managers fell short keeping up on $3B

A new North Carolina state audit says Gov. Roy Cooper’s administration failed to thoroughly monitor how $3.1 billion in federal coronavirus relief funds were being used.

US economy accelerated at a robust 6.4% rate last quarter

The U.S. economy grew at a brisk 6.4% annual rate last quarter — a show of strength fueled by government aid and declining viral cases that could drive further gains as the nation rebounds with unusual speed from the pandemic recession.

Bill seeks to give more NC tax breaks on COVID-19 loans

The state House is backing legislation that would give additional state tax breaks to businesses that took federal loans to weather the COVID-19 pandemic. But the Senate isn’t yet fully on board with the idea, which comes with a hefty price tag.

Bank of America profit doubles in 1Q to $8.1 billion

Bank of America’s profits doubled in the first quarter, the bank said Thursday, as the improving economy allowed it to release billions from its loan-loss reserves that it originally set aside in the early days of the pandemic.

Thermo Fisher to acquire Wilmington-based PPD in $17.4 billion agreement

Thermo Fisher Scientific, Inc. has announced its plans to acquire PPD, Inc. which is headquartered in Wilmington. 

Molson Coors brews up investment, partnership with Wilmington-based TRU Colors

TRU Colors Brewery announced on Wednesday a partnership with national beverage company Molson Coors to accelerate its growth.

GameStop to sell 3.5M shares after stock frenzy boosts price

Two months after a market phenomenon took shares of GameStop to the moon, the video game retailer says that it will sell up to 3.5 million of its shares.

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911 call reveals new details about double homicide in New Hanover County

New Hanover County 911 has released a phone call made early Saturday morning after two people were fatally shot and another person severely wounded at a home in Wilmington.

VFW Post 12196 honors Korean War Veterans

VFW Post 12196 of Leland hosted a Korean War veterans breakfast to honor all Korean War veterans living in Leland and surrounding areas.

Pet Pals: 6-year-old Labrador mix is in need of a forever home

This week’s Pet Pal is a 6-year-old Labrador mix.

Whiteville Dixie Youth Darlings wrap up World Series trip to Virginia

The Whiteville community also deserves praise; they helped raise $15,000 to send the girls and their families to Virginia.