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ALERT - Breaking news

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Merger costs with Progress Energy contributed to smaller profits.

Modified: 02/13/13 06:48:34 PM

The head of the U.S. Postal Service pleaded with Congress Wednesday not to thwart his plan to cut Saturday mail as a way to save money, but postal workers unions criticized the plan as illegal and financially questionable.

Modified: 02/13/13 06:53:36 PM

North Carolina Gov. Pat McCrory has indicated that he will sign the bill, which cuts benefits to unemployed workers and raises taxes on businesses.

Modified: 02/13/13 06:03:13 PM
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A bill lifting the state’s moratorium on fracking and requiring regulators to promote business opportunities for energy developers easily passed a state Senate committee Wednesday. The legislation now heads to the Senate Commerce committee as early as next week.

Modified: 02/13/13 07:13:38 PM

Duke Energy Corp.'s fourth-quarter earnings topped Wall Street expectations as electric rates rose and more extreme weather increased demand for power. But results were reduced by merger costs and cost overruns at an Indiana power plant.

Modified: 02/13/13 09:11:36 AM
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Americans barely spent more last month at retail businesses and restaurants after higher taxes cut their paychecks. The small increase suggests consumer spending may be weak in the January-March quarter, which could hold back economic growth.

Modified: 02/13/13 11:24:29 AM

A Republican measure to prevent major components of the federal health care law from taking effect in North Carolina will almost certainly be approved after Gov. Pat McCrory endorsed the effort Tuesday. Republicans say that expanding Medicaid to an additional 500,000 in the state would cost too much. Democrats called the bill "an attack on the poor."

Modified: 02/13/13 04:43:25 AM
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A top-to-bottom makeover of the state's unemployment system took a major step forward Tuesday when the Republican-backed bill won preliminary approval in the Senate by a 36-13 margin. The measure was approved by the House last week.

Modified: 02/13/13 12:38:20 AM

A state Senate bill would legalize fracking by a specific date, regardless of whether rules and safeguards are in place. It would also require North Carolina’s environmental regulators to promote business opportunities for energy companies.

Modified: 02/13/13 12:22:47 AM
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Employers advertised fewer jobs in December and cut back on hiring, suggesting many were cautious at the end of the year.

Modified: 02/12/13 05:01:01 PM

Look up unemployment rates in North Carolina counties from 2007 to 2012.

Modified: 02/12/13 10:30:46 AM

Medical researchers from N.C. State University and Wake Forest University say they are perfecting methods for generating human organs from tissue culture. North Carolina could emerge as a national center for organ manufacturing, speakers at the Emerging Issues Forum in Raleigh said.

Modified: 02/12/13 01:53:00 AM
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Mary Cornatzer, business/Capitol editor
(919) 829-4755

David Bracken, assistant business/Capitol editor
(919) 829-4548

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