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Manufacturing jobs have disappeared, but survivors find ways to make it in North Carolina

Richard Robinson holds a billet of steel under a hammer that begins to mold an ax head on May 21 at Council Tool, a Lake Waccamaw company that has been forging premium tools since the 1880s.

Council Tool has been making tools near the shore of Lake Waccamaw for more than 100 years. Today, it touts itself as the only manufacturer in the country that still forges its own axes. While its method of tool-making may be old-fashioned, the ...

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Archive by category ''Economy

ECONOMY

Durable goods demand increases

Orders for U.S. durable goods increased more than forecast in April, indicating the world’s largest economy will get a lift in the second half of the year as business investment strengthens.
ECONOMY

White-collar workers are turning to labor unions

The next wave of union protesters isn’t blue collar.
ECONOMY

VMI offers leadership model for all

Virginia Military Institute is steeped in rules and tradition but it recognizes that tomorrow’s leaders need a new and diverse set of skills.
ECONOMY

Buy-sell agreements can help family business survive

Operating a business with your brothers, sisters, and/or cousins is one of the most complex arrangements facing family businesses. Indeed, sibling or cousin family businesses can inherently last a long time. As such, just as good fences make good neighbors, good buy-sell agreements make good sibling...
ECONOMY

Students rely on internships for careers

Interns will help keep corporate America running this summer.
ECONOMY

Sears losses greater than expected

Sears Holdings Corp. reported a steeper-than-expected loss for its first quarter with the beleaguered retailer blaming a cooler spring for falling sales.
ECONOMY

ChannelAdvisor, Ply Gem shares surge on first day of trading

Shares of ChannelAdvisor and Ply Gem Holdings surged on their first day trading on the New York Stock Exchange, as they became the fourth and fifth Triangle companies to complete successful initial public offerings this year.
ECONOMY

Report: Cerberus or Bain Capital might buy Harris Teeter

Cerberus Capital Management and Bain Capital are possibly interested in buying Matthews-based Harris Teeter, as the grocer continues to explore a sale, The Wall Street Journal reported Thursday.
ECONOMY

CEO says Lowe’s will add employee hours after cutting too deeply

Mooresville-based Lowe’s Inc. is adding employee hours and making sure its stores have key items in stock, after CEO Robert Niblock said cuts went too far during the recession.
ECONOMY

Departures from labor force warp Fed’s job market measure

Tuba player Andrew Schwartz quit the Manhattan School of Music in 2011 when he saw opportunities shrinking and orchestras struggling. After a series of low-paid jobs such as selling stocks by phone, he left the workforce in August to pursue a master’s degree in business administration.