Economic news & articles from Raleigh, NC

Economy

Duke Energy names CFO Lynn Good to be next CEO

Duke Energy announced Tuesday that Lynn Good, the company’s chief financial officer since July 2009, will succeed Jim Rogers as CEO and president on July 1.

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Archive by category ''Economy

ECONOMY

Amendment to NC auto insurance bill rekindles industry feud

The internal feud among North Carolina’s insurance carriers over the way the state regulates auto insurance rates continues to bubble up in the halls and back rooms of the state legislature.

54 minutes ago
ECONOMY

Markets edge higher as Fed meeting starts

Stock markets edged higher Tuesday as a two-day policy meeting of the U.S. Federal Reserve got underway - a meeting that could have a huge influence on how investors see the future path of the country's monetary policy.
ECONOMY

Advantages of Made in USA label wear thin

Patriotism isn’t easy. Just ask Los Angeles’ garment makers.
ECONOMY

WakeMed, physicians group coordinate to improve care and avoid penalties

WakeMed Health & Hospitals and Key Physicians will coordinate patient care to prevent readmissions and other inefficiencies. Their goal is to avoid federal penalties and boost financial rewards for meeting new federal standards of medical care.
ECONOMY

Investor urges Smithfield to consider breakup

Smithfield Foods , the hog producer that agreed to a $4.7 billion acquisition by Shuanghui International Holdings last month, was urged by activist investor Starboard Value to consider splitting itself up instead.
STATE POLITICS

Sales tax holiday on NC Senate's budget chopping block

The Senate tax plan, which is expected to get its final vote Tuesday, eliminates NC's back-to-school tax holiday and its Energy Star tax holiday next year. The move could save the state millions but hurt retailers and energy advocates in the process.
STATE POLITICS

Politicians and the powerful touch NC Rural Center cash

People and businesses from across the political landscape are getting in on the NC Rural Economic Development Center deals. One of the biggest names: Discount store business Variety Wholesalers, whose CEO, Art Pope, is a well-known supporter of organizations that criticize taxpayer subsidies for...
STATE POLITICS

Local leaders may feel sting in tax reform

Municipal leaders say the tax overhaul tentatively approved in the Senate last week would cut so much local government revenue that, to balance their budgets, they would ultimately have to raise property taxes.
ROB CHRISTENSEN

Christensen: Here lies NC tax reform; born: 2012, died: 2013

Tax reform in North Carolina died last week. RIP. No one will offer any prayers for the dead or send flowers. Some may not even admit there is a corpse in the room.
STATE POLITICS

In budget battle, Rural Center will be a point of contention

The state Senate wants to end the NC Rural Economic Development Center's funding. Gov. Pat McCrory wants to cut it. And the House wants to give the center more money.