Business

Business

Cree plans share buybacks

The plan to repurchase up to $300 million over the next 12 months is a follow-up to the buyback of $150 million over the last fiscal year. Cree had previously indicated that it would use the proceeds from the upcoming $850 million sale of its Wolfspeed subsidiary for stock repurchases and acquisitions.

Business

US economy grew at tepid 1.1 percent pace in spring

The U.S. economy expanded at a sluggish 1.1 percent pace this spring as businesses sharply reduced their stockpiles of goods and spent less on new buildings and equipment. Yet most analysts forecast much faster growth in the summer and fall, fueled by healthy consumer spending.

Business

Olympics a ratings winner for WRAL, bucking national trend

The local ratings for the prime time Olympics coverage broadcast over 17 nights on Capitol Broadcasting’s WRAL rose 2 percent compared to the 2012 London Olympics. Not a huge increase, but those numbers stand in stark contrast to the national picture, where Nielsen data showed the prime-time audience fell 18 percent, to 25.4 million.

News

Correction: Hospital Superbug Outbreak story

In a Feb. 20, 2015 story about an antibiotic-resistant "superbug" outbreak at Ronald Reagan UCLA Medical Center, The Associated Press mischaracterized a statement an expert made about proving the cause of an infection. Lawrence Muscarella, a health care and sterilization expert, said he was suggesting an argument hospitals might use when he said, "Proving causation is impossible." Muscarella said an infection can be proven to come from a hospital instrument.

Videos

College seniors create antiperspirant for sweaty hands and feet

VIDEO: Duke's Kasper Kubica and UNC's David Spratte, rising seniors at their respective schools have teamed up to provide an over-the-counter antiperspirant for hands and feet. The 2015 start-up has been a success and is now being sold online and in hundreds of stores.
Chuck Liddy cliddy@newsobserver.com
College seniors create antiperspirant for sweaty hands and feet 2:20

College seniors create antiperspirant for sweaty hands and feet

AT&T announces grants to help rural, poor students graduate 3:57

AT&T announces grants to help rural, poor students graduate

How to survive if you get caught in a rip current 2:13

How to survive if you get caught in a rip current

Flash-freezing seals in goodness of NC produce 1:17

Flash-freezing seals in goodness of NC produce

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