Economic news & articles from Raleigh, NC

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Students rely on internships for careers

Account executive Maria Martinat, left, explains responsibilities to new intern Kathryn Glaser, an N.C. State senior working towards her communications bachelor's degree, Tuesday May 20, 2013, at Howard, Merrell & Partners, an ad agency in Raleigh. Martinat started out as an intern with the agency in 2009.

Interns will help keep corporate America running this summer.

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Archive by category ''Economy

ECONOMY

Sears losses greater than expected

Sears Holdings Corp. reported a steeper-than-expected loss for its first quarter with the beleaguered retailer blaming a cooler spring for falling sales.
ECONOMY

ChannelAdvisor, Ply Gem shares surge on first day of trading

Shares of ChannelAdvisor and Ply Gem Holdings surged on their first day trading on the New York Stock Exchange, as they became the fourth and fifth Triangle companies to complete successful initial public offerings this year.
ECONOMY

Report: Cerberus or Bain Capital might buy Harris Teeter

Cerberus Capital Management and Bain Capital are possibly interested in buying Matthews-based Harris Teeter, as the grocer continues to explore a sale, The Wall Street Journal reported Thursday.
ECONOMY

CEO says Lowe’s will add employee hours after cutting too deeply

Mooresville-based Lowe’s Inc. is adding employee hours and making sure its stores have key items in stock, after CEO Robert Niblock said cuts went too far during the recession.
ECONOMY

Departures from labor force warp Fed’s job market measure

Tuba player Andrew Schwartz quit the Manhattan School of Music in 2011 when he saw opportunities shrinking and orchestras struggling. After a series of low-paid jobs such as selling stocks by phone, he left the workforce in August to pursue a master’s degree in business administration.
STATE POLITICS

NC Senate proposes defunding Rural Economic Development Center

The Rural Economic Development Center has disbursed more than $600 million in local aid since its formation in 1987. NC Senate Republicans want to cut off funding to the popular Rural Center, but they promise the money will continue to flow through state agencies.
ECONOMY

Change keeps this Classic fresh

Adopting ‘a culture of change’ helped grow Charlotte-based Classic Graphics from a two-man printing-press operation to a company with $70 million in projected revenue this year and a client list of Fortune 500 companies.
ECONOMY

Retired couples may need $220K for health care

After years of increasing health care costs, the outlook is improving for seniors worried about paying their medical bills during retirement.
ECONOMY

Most in new poll say recovery can be sustained

The U.S. economy will continue to recover until at least 2015 without tumbling into a recession, achieving the sustained growth that has eluded it since the last slump ended four years ago, according to a Bloomberg poll.
BUSINESS

Triangle companies in hiring mode aggressively pursue job candidates

Even though the unemployment rate remains stubbornly high, companies with ambitious hiring agendas can’t afford to sit back and wait for top-notch job candidates to show up on their doorstep.