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Contributed by World News
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"When this old world starts getting me down and people are just too much for me to face... I've found a paradise that's trouble proof." Unlike in the Carole King song of old, though, this paradise isn't right smack dab in the middle of town, nor is it up on anybody's roof. It's just a biscuit toss from downtown Durham at the Farmers' Market in Central Park. You can drive up and down Foster Street...
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Workers and employers apparently have different views of the North Carolina economy. Last month, the number of people wanting to work in the state -- a measure of worker optimism -- rose by 5,988, according to data released Friday by the N.C. Employment Security Commission. Employers, though, were not nearly so optimistic. Established businesses cut 5,400 jobs in October. "Things have weakened here," said Mark Vitner, an economist...
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By MARCY GORDON AP Business Writer WASHINGTON November 21, 2008 (AP) The Associated Press FONT SIZE Georgia regulators on Friday shut down The Community Bank, the 20th failure this year of a federally insured institution.Georgia regulators have shut down The Community Bank, the 20th failure this year of a federally insured institution. (ABC/AP)...
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By MADLEN READ AP Business Writer NEW YORK November 21, 2008 (AP) The Associated Press FONT SIZE Pressure intensified on Citigroup to sell part or all of itself as its stock fell below $4 a share on Friday and fears escalated about future loan losses.A man talks on a mobile phone in the Citibank branch headquarters on Park Ave. on Friday, Nov .21,... A man talks on a mobile phone in the Citibank branch headquarters on Park Ave. on Friday, Nov .21, 2008 in New York. Shares of Citigroup...
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Mercury News cuts 50 jobs McClatchy to sell four newspapers for $1B The owner of the two Big Island daily newspapers has closed its State Capitol bureau in Honolulu two and a half years after it opened. Las Vegas-based Stephens Media, owner of the Hawaii Tribune Herald in Hilo and West Hawaii Today in Kona, eliminated more than a dozen jobs at various newspapers in Arkansas and Nevada and in its Washington, D.C. bureau on Oct. 31. Among those cut was Nancy Cook Lauer, who had covered state government in Honolulu since January 2006. Lauer previously worked at newspapers in Florida, including the Tallahassee Democrat and Naples Daily News. That leaves The Honolulu Advertiser, the Honolulu...
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