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Merck dedicates Durham vaccine plant
The new Merck manufacturing factory in Treyburn Corporate Park is expected to employ about 400 workers when it's completed in 2011.
Stocks plunge anew as data points to recession
Investors agonizing over a faltering economy sent the stock market plunging all over again Wednesday after a stream of disheartening data convinced Wall Street that a recession, if not already here, is inevitable. The market's despair propelled the Dow Jones industrials down 733 points to their second-largest point loss ever, and the major indexes all lost at least 7 percent.
August inventories up less than expected
Businesses increased their inventories in August by the smallest amount in five months, a possible indication of concerns about the slowing economy.
Progress Energy to team up on swine-waste projects
Progress Energy and the N.C. Electric Cooperatives announced today that they will work together to evaluate projects that convert North Carolina's swine waste to electricity.
Bush, Paulson say economy's rebound will take time
The economy shot warning flares on Wednesday that it was still in profound trouble despite the government's latest financial rescue plan.
Retail sales slid 1.2 percent in September
Retail sales fell off a cliff in September, plunging by the largest amount in three years as worried consumers shunned the malls and auto showrooms in the midst of the country's financial meltdown.
Apple updates its line of laptops
Apple touched up its line of laptop computers Tuesday with a minimal nod to the economic turmoil that might push consumers to be more frugal this holiday shopping season.
Wells Fargo CEO will try to retain Wachovia staff
The chief executive of Wells Fargo made no promises about job losses Wednesday when he addressed a crowd of Wachovia Corp. employees, but said he would make every effort to retain workers amid the banks' multibillion-dollar merger.
Bank rescue closes door on a free-wheeling era
Analysis:The Bush administration's announcement that it would take ownership stakes in banks marked a shift away from a 30-year effort to get government out of business's way.
Health plans to feel pinch
It's open enrollment season for workplace health insurance plans -- and many of the 158 million Americans who receive employer-based health insurance can expect to pay more of the costs.
Wells Fargo 3Q profit falls 23 percent
Wells Fargo said Wednesday that third-quarter profit fell 23 percent as it took hits on investments in troubled finance companies and increased its credit reserves, but results were better than analysts had expected.
Wholesale prices drop for second straight month
Wholesale prices fell for the second straight month in September, driven by a sharp drop in energy costs, the Labor Department said Wednesday.
Latest plan might have spared Wachovia
A top regulator said Tuesday that Wachovia might have been saved as a stand-alone bank if the government had acted sooner.
UNC-CH study dissects mortgage mess
Risky mortgage products -- not just borrowers with weak credit -- share the blame for the nation's housing meltdown, according to researchers at UNC-Chapel Hill.
Today in business
The Producer Price Index, a gauge of wholesale prices of goods, is expected to have contracted for the second consecutive month in September.
Profit-taking nips market
After a big rally, investors cash in -- a jittery pattern that's likely to continue.
Rolling Stone to fit in better with new size, format
Rolling Stone magazine is shrinking with the times. After standing out for decades with different formats from other magazines, it will start looking like everyone else starting with the Oct. 30 issue.
Pantry results a mixed bag
The Pantry convenience store chain on Tuesday issued preliminary results for its fiscal year that contain a mix of good and bad news.
Spam e-mail factory closed down
E-mail inboxes may be clogged with a little less spam -- at least for a while.
PepsiCo to trim 1.8 percent of jobs
PepsiCo is cutting jobs and closing factories to give the world's largest snack maker some "breathing room" to navigate the volatility that has permeated all corners of the global economy.
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