• Financial Crisis Headlines
Expert fears jobless rate will grow

The jobless rate has hit double-digits for first time in 25 years.

Hundreds of watermen make Va an offer

One-third of Virginia's watermen have offered to sell their licenses back to the state under a buyback program intended to ease pressure on the Chesapeake Bay

2 Waldenbooks in Chesapeake to close

Borders Group Inc. says it will close 200 Waldenbooks stores and cut 1,500 jobs in January.  Two of the stores targeted for closure are located in Chesapeake.

Va utility to return $400M in rates

Virginia's largest electric utility agreed to a proposed settlement Thursday to return nearly $400 million to customers and reduce monthly electric bills.

Former slaughterhouse manager testifies

The former manager of a kosher Iowa slaughterhouse that was the site of a massive immigration raid says he never intentionally violated federal laws.

Salmonella victims, no prosecutions

At the height of the nationwide salmonella outbreak nearly a year ago, FBI agents raided two peanut plants and carried away boxes of evidence. FDA inspectors

Obama to extend homebuyer tax credit

The White House says President Barack Obama on Friday morning will sign a bill that expands a popular homebuyers tax credit and extends unemployment benefits.

Toyota returns to profit

Toyota says it has returned to a profit in the latest quarter after government incentives boosted sales for the world's top automaker.

Wet weather delays harvest

Hartwell Huddleston returned the extra combine he bought to help harvest what looked to be one of his best soybean crops ever.

Exxon-Shell wins West Qurna deal

Iraq's Oil Ministry spokesman says a consortium grouping U.S. and European oil giants Exxon Mobil Corp. and Royal Dutch Shell PLC has won the right to develop

Higher sales tax means larger break

A higher sales tax means North Carolina consumers will get a larger break when they purchase energy-efficient appliances compared to a year ago.

Treasury: will hit debt limit in Dec.

The Treasury Department expects to hit the government's debt limit in December, two months later than its initial estimate, after scaling back an emergency

Regs proposed to help stop foreclosure

North Carolina officials have proposed several new regulations that would help families struggling to keep their homes.

Magazine ranks NC business climate No 1

Site Selection magazine has ranked North Carolina No. 1 in the country for its business climate.

NC brewery hopes to set itself apart

The ingredients used at Fullsteam Brewery sound strange, almost exotic in the context of beers. Kudzu, scuppernong grapes and sweet potatoes can be found in

BMW 3Q net profit falls 74 percent

German carmaker BMW AG says its net profit for the third quarter fell 74 percent to euro78 million ($115 million) as a result of the global economic downturn.

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