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March 11, 2010
Jobless rate hit 11.1% in January_copy

Jobless rate hit 11.1% in January

(News & Observer, Raleigh)

North Carolina's unemployment rate, fueled by the recession, hit 11.1% in January, a historic high, according to the Employment Security Commission. Before this recession, the state's peak employment rate was 9.7% in March 1983.

 
Siemens Energy to expand in Charlotte_copy

Siemens Energy to expand in Charlotte

(The Charlotte Observer)

Siemens Energy plans a major expansion in Charlotte that could bring as many as 650 jobs to the Queen City. The German company will expand its factory for turbines and generators and move part of its Canadian operations.

 
Salisbury furniture plant to close_copy

Salisbury furniture plant to close

(The Salisbury Post)

HNI Corp. will close its Maxon Furniture factory in Salisbury by the end of the year, putting 132 out of work. The layoffs will begin in May. The company says sales of its office furniture are down more than 35%.

 
Heart procedure ordered too often, Duke researchers say_copy

Heart procedure ordered too often, Duke researchers say

(News & Observer, Raleigh)

Researchers at Duke University Medical Center say thousands of patients undergo heart catheterizations without having blockages that warrant the test. Their study, published in the New England Journal of Medicine, found that up to 60% of patients without a history of heart disease don't have clogs when they get the risky, expensive procedure.

 
N.C. foreclosure filings up 54% in February_copy

N.C. foreclosure filings up 54% in February

(Winston-Salem Journal)

Foreclosure filings in North Carolina increased 54% in February compared with the same month of 2009, according to RealtyTrac. The number of filings was down about 1% from January.

 
State ABC chief proposes fewer local boards_copy1

State ABC chief proposes fewer local boards

(News & Observer, Raleigh)

Jon Williams, chairman of the state Alcoholic Beverage Control Commission, proposed Wednesday to shrink the number of local ABC boards through mergers and put them under the supervision of county governments. The proposals add to the momentum for a major overhaul of the state's ABC system.

 

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2010 Legal Elite The state's top business lawyers as chosen by their peers.


Top Private Companies Executives discuss economic forces affecting their businesses.


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