Raleigh Times
RaleighTimes.com Saturday 4th July 2009 Volume 7/27
bullet
Front Page Raleigh News
corner
1 killed in fireworks truck blast in North Carolina


Add to My Yahoo!
One killed, four critically injured when truck carrying fireworks exploded The five were to set up Fourth of July show on Ocracoke Island in Outer Banks Truck blew up at the Ocracoke Island docks...


North Carolina Education Lottery results
did you see the below article in the courier journal? Ga. women wins $681,000 on scratch-off Official: Lottery exec's daughter clear The Courier-JournalA Georgia women who is the daughter of a...


Fireworks Explosion Kills 1 in North Carolina
OCRACOKE, N.C. — Authorities say a fireworks explosion on a North Carolina island only reachable by ferry has killed one worker and critically injured four...


Apex, North Carolina Artist Laura Kelly to Join Sharpie Uncapped Blog
APEX, NC, July 04, 2009 /24-7PressRelease/ -- Apex Artist Laura Kelly, owner of Laura Kelly Designs & Licensing, recently expanded the use of her signature black Sharpie fine point marker to sign...


Dead retailers live on the Internet
Shoppers pick over a nearly empty Circuit City store. Circuit City and other bankrupt retailers' Web sites have been maintained by the companies that bought them out. - AP PHOTO BY JAE C....


Price spike causesbrokerage losses
LONDON -- PVM Oil Associates, the world's biggest over-the-counter oil brokerage, says it lost nearly $10 million this week because of unauthorized trades that caused a temporary spike in Brent crude...


Ex-CEO accused of hiding money
BIRMINGHAM -- HealthSouth is accusing fired chief executive Richard Scrushy of hiding money in offshore bank accounts and transferring assets out of his name to avoid paying court judgments.Documents...


Air crew in video wears only paint
WELLINGTON, New Zealand -- New Zealand's national airline has adopted a cheeky way to encourage passengers to watch its in-flight safety video: The cabin crew's uniforms are nothing but body...


Value deals help sell fast food
ATLANTA -- Tough times call for creative measures, so this summer several quick-service restaurants are offering more specials and value deals.It's about accommodating consumers' wallets, said Annika...


Durham Reverend Wants “Tool of Misery” Off Store Shelves
Durham Reverend Wants “Tool of Misery” Off Store Shelves - Melvin Whitley wants stores to comply with Dec. 1 paraphernalia law now. Read the Full Story at:...


What is Raleigh's Mysterious 'Sewer Creature'
When a video of a mysterious, slimy "creature" living in the sewers of Raleigh, N.C., was posted on YouTube early this week, millions around the world flocked to the site to satisfy their...


Alliance One sells $670M in new debt, buys back $476.5M in old notes
Alliance One International, the global tobacco distributor based in Morrisville, ended a second straight week by announcing completion of large-scale financing moves. The company says in a release...


Durham County community could become N.C.’s next town
Rougemont, N.C. — Sisters Kathy and Lisa Roberts have lived in the small, Durham County community of Rougemont most of their lives. The tight-knit, “everybody knows everybody” feel...


Post Office Relocation Confuses Durham Residents
Post Office Relocation Confuses Durham Residents - The Durham post office at 3409 Roxboro Street moved to a new location across the street, leaving customers confused. Read the Full Story at:...


Di Venuto knock seals Durham win
Michael Di Venuto cracked a century to fire Durham to a fourth straight win in the County Championship, beating Worcestershire by five wickets.Resuming play at 64-1 on the final day, the Tasmanian...


Marshals make second arrest in Durham home invasions
Durham, N.C. — Members of the U.S. Marshals Fugitive Task Force arrested a second man wanted in four armed home invasions in Durham in late June.Marshals apprehended Charles E. Johnson, 30, of...


Fire Closes Raleigh Restaurant
Fire Closes Raleigh Restaurant - WRAL: Miami Subs on New Bern Avenue will be closed for at least a day after a fire damaged its roof. Read the Full Story at:...


Affordable Summer Camp In Durham
Affordable Summer Camp In Durham - “Fun in the Sun” summer camp in Durham says sending your kids to camp doesn’t have to put a dent in your wallet. Read the Full Story at:...


Economists see a weak recovery
WASHINGTON -- Here's where things stand with the longest recession since the Great Depression: The good news is that economists are revising forecasts, expecting an imminent return to growth. The bad...


4 North Carolina Soldiers Killed In Iraq
Four North Carolina National Guard soldiers were killed in Baghdad on the last day of regular combat operations for U.S. forces in Iraqi cities, the military said Thursday. It was the North Carolina...


Johnson & Johnson invests in Irish drug-maker
< 7)){ $('li.menu-lvl1').hover( function() { $('ul', this).css('display', 'block'); }, function() { $('ul', this).css('display', 'none'); }); $('#naomenu li.menu-lvl1').hover( function() {...


Brooks Malone Joins North Carolina World Trade Association Board
Brooks Malone, partner at HPG has been selected to serve on the Finance Committee for the North Carolina World Trade Association Board. His term which began on June 1, 2009 will last for three...


Durham officer hurt in shooting
DURHAM -- Whoever fired the bullet that struck a Durham police officer in the abdomen Thursday should have known police were standing outside the door, Police Chief Jose L. Lopez Sr. said.Officer...


Factory orders up 1.2 percent in May
WASHINGTON -- Orders to U.S. factories jumped in May by the largest amount in nearly a year, another sign that the nosedive in manufacturing is nearing an end.The Commerce Department said Thursday...


Jobless data squash Dow
NEW YORK -- A dour report on job losses in June sent stocks sharply lower Thursday.Major stock indexes fell more than 2.6 percent after the government said the U.S. unemployment rate hit a 26-year...


Older job-seekers battle bias
WASHINGTON -- Like many unemployed older workers, 64-year old Allan Kellum fears his age has made it harder to find a new job. At a recent job fair, Kellum expressed interest in a supervisory role...


Obama welcomes Cree CEO
Chuck Swoboda, chief executive of LED lighting company Cree, visited the White House on Thursday afternoon and shared his company's success story with President Barack...


BofA to pay U.S. $713 million
CHARLOTTE -- Bank of America's board has authorized roughly $713 million in dividend payments to the U.S. government under the Troubled Asset Relief Program.The government's financial bailout program...


FDA approves heart drug Multaq
TRENTON, N.J. -- Sanofi-Aventis SA said Thursday that its drug Multaq, which treats irregular heart rhythms, received marketing approval from the Food and Drug Administration.Multaq is intended to...


Ambiente expands its space
The furniture industry is another one truly feeling the pinch of the down economy.Accounting firm Smith Leonard reported in its latest Furniture Insights newsletter that U.S. residential furniture...


Online retailer severs ties
Overstock.com has followed Amazon.com's decision to cut off a commission program to North Carolina-based Web sites.The move would allow the companies to avoid having to collect sales tax on sales to...


Raleigh Mayor urges people to shop local
Raleigh, N.C. — In an effort to help local independent businesses thrive, Mayor Charles Meeker declared this week “Independent’s Week.” “All of those businesses you know...


LaRose re-signs with Hurricanes for 2 years
Chad LaRose to a two-year deal.LaRose, 27, will make $1.5 million this upcoming season and $1.9 million in 2010-11. He made $875,000 last season - by far his best in...


Raleigh Police Arrest Final Suspect In Chase
Raleigh Police Arrest Final Suspect In Chase - Raleigh police has arrested the final of three suspects after a high speed chase that ended at Hodges Street and Capital Boulevard around noon. Read...


Johnson & Johnson pays $1B for Elan stake, Alzheimer’s drugs
"); jQuery('#search_jobs,#search_news,#search_companies,#search_videos').css('font-weight','normal'); jQuery('#search_site').css('font-weight','bold'); ...


U.S. may be on cusp of 'entrepreneurship boom'
Kauffman Foundation study that predicts the United States may be “on the cusp of an entrepreneurship boom.” Over the past decade, Americans between the ages of 55 and 64 had the highest...


Duke Energy shuffles executives' roles
, which houses the company’s wind-generation business; Midwest nonregulated generation; DukeNet, a telecommunications business; and Duke Energy International, with operations in Latin America. ...


Bank of America, Wells Fargo to accept California IOUs
say they will accept warrants issued by California’s state government through July 10. BofA says the state’s budget crisis prompted its decision. “To support our customers, while...


Plunkett bowls Durham within sight of victory
Durham 194 (Mustard 63, Kabir ALi 6-68) and 64 for 1 need another 115 runs to beat Worcestershire 193 (Noffke 50, Plunkett 6-63) and 179 (Kervezee 66, Plunkett...


Mortgage rates take short dip
Freddie Mac 's weekly report says 30-year fixed-rate mortgages averaged 5.32 percent this week, down from last week's average of 5.42 percent. A year ago, 30-year mortgages were averaging 6.35...


Unemployment hits 9.5 percent in U.S.
Employers cut more jobs in the U.S. in June, causing unemployment to rise to 9.5 percent from 9.4 percent in May –, the highest rate since August 1983. ...


Workers at world's largest pig slaughterhouse ratify contract with Smithfield Packing Co.
United Food and Commercial Workers International , and their employer, Smithfield Packing Co. Results of the vote, which took place over two days, were released early Wednesday evening. The Tar Heel...


Metabolon adds $1M to series C haul
Metabolon has raised another $1 million in equity financing toward an $11 million fundraising target, according to documents filed with the Securities and Exchange Commission. To date, the Durham...


Raleigh woman faces child sex, drug charges
Raleigh, N.C. — A Raleigh woman was arrested Wednesday on allegations that she had sexual relations with and gave drugs to minors.Christine Renee Call, 34, was charged with two felony counts of...


Wachovia insurance unit takes on Wells Fargo name
Wachovia Corp. The acquisition closed late last year. “Customers can expect to continue working with their existing insurance professionals and now have access to expanded national resources...


ESPN ranks Hurricanes as 2nd best sports franchise
says. The Canes’ first playoff run in three years helped push the team up 15 spots on the annual Ultimate Sports Teams list, which ranks teams based on how well they “give back to the...


Initial and continuing jobless claims fall
WASHINGTON -- The tally of newly laid-off workers filing for unemployment insurance dropped last week, the government said Thursday, a sign job cuts are easing.The Labor Department said initial...


Stocks fall as June job losses exceed estimates
NEW YORK -- A dour report on job losses in June sent stocks sharply lower Thursday.Major stock indexes were down about 2 percent after the U.S. unemployment rate hit a 26-year high. European markets...


Uptown condos in down market
Now the condo-gazing community is paying close attention to when and how many reserved units will be inhabited in the months ahead.It's easy to understand the anticipation. The striking structure --...


$50 million will end Beazer's fraud case
Federal investigators filed mortgage and accounting fraud charges Wednesday against Beazer Homes USA, but the homebuilder will escape prosecution because it agreed to pay victims $50 million and...