Consumer News
Yadkinville plant makes polyester yarn from recycled plastic bottles
Unifi Manufacturing Inc. turns ground-up plastic bottles into polyester yarn that is used in fleece jackets, car seats, men's slacks, socks, and other products.
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Consumer News
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CONSUMER NEWS
Retail: Jimmy V’s restaurant will honor former NCSU coach
Jimmy V’s Osteria + Bar, named for the basketball coach who led N.C. State to a 1983 NCAA title win and gave the inspiring “Don’t Give Up” ESPY Awards speech eight weeks before he died from cancer in 1993, will open its doors July 23 in the Sheraton Hotel.
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CONSUMER NEWS
J.C. Penney will make it easier to find sales staff in stores
Best Buy’s sales force wears blue shirts. Apple “specialists” are garbed in branded tees. J.C. Penney associates can wear whatever they want.
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TECHNOLOGY
Online retailer Lolly Wolly Doodle raises $20 million
Lexington-based online retailer Lolly Wolly Doodle announced Thursday that it has raised $20 million in venture capital funding from a group led by Revolution Growth, an investment firm run by three former top AOL executives.
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CONSUMER NEWS
Duke Energy, regulators reach preliminary deal for rate increase
Duke Energy Carolinas customers would see their bills go up an average of 4.5 percent starting this fall, under a proposed agreement between the company and regulators outlined Wednesday.
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ECONOMY
Lenders spent big to advance bill raising rates
Records show a group of consumer finance providers spent more than $1.8 million to hire at least 20 lobbyists and steer campaign contributions to North Carolina lawmakers to win passage of a bill raising the maximum interest rates they can charge borrowers.
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LOCAL/STATE
Deal lets Duke Energy raise rates $200M a year
Duke Energy Corp. said Wednesday it is willing to take less than half of the rate increase it sought in February for electricity customers in western North Carolina under a deal with a state regulatory division responsible for representing consumers.
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LOCAL/STATE
NC Senate tax overhaul heading for floor vote
A North Carolina Senate panel endorsed a tax overhaul Wednesday that gradually repeals corporate income taxes without a major expansion of sales taxes.
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CONSUMER NEWS
Opting for overdraft coverage means higher fees
A U.S. agency says consumers who opt for overdraft coverage on their checking accounts pay higher fees and are more likely to have their accounts closed than those who decline it.
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ECONOMY
Financial woes have fallen to lowest level in 4 years, report says
Americans have seen their financial woes slowly abate, and now money-related problems have fallen to their lowest level in four years, a report says.
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CONSUMER NEWS
Dunkin’ Donuts: Less pit, more stop
The world’s largest donut chain has long sold itself as a pit stop.
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