Triad Business Roundup: Health, Housing and Handshakes
This week's business report is a roundup of several topics.
Economy
Why We Care More About Losses Than Gains
People care more about losing a dollar than gaining a dollar. This ideal, known as loss aversion, has national consequences, too, according to new research. David Greene discusses the phenomenon with NPR's Shankar Vedantam.
'Blockbusters': Go Big Or Go Home, Says Harvard Professor
Anita Elberse's new book, Blockbusters, examines the strategy behind making and marketing megahits. She tells NPR's Renee Montagne that content companies — publishers, movie studios and the like — can create blockbusters by dedicating most of their budgets to a select few likely winners.
Hong Kong Company Acquires Timco
TIMCO Aviation Services (TIMCO) has been sold to Hong Kong Aircraft Engineering Company Limited (HAECO) for an estimated $388.8 million.
Happy Birthday, Copy Machine! Happy Birthday, Copy Machine!
This week marks the 75th anniversary of the first modern copier ever made. The technology, which came from serial inventor Chester Carlson, revolutionized the business world and formed the foundation of Xerox's success. It also meant no more messy carbon paper.
A New Gateway to Downtown Winston-Salem is Now Open
On Tuesday, officials with the city, Forsyth County and Wake Forest Baptist Medical Center held a ribbon cutting to celebrate the opening of Research Parkway near the Innovation Quarter.
Volkswagen Union Opposed By Tennessee Republican Officials
At auto plants, the tension is typically between the workers and the management. But not at Volkswagen in Chattanooga, where it's Republican officials who are trying to stand in the way. One of them is the Tennessee governor, who says a unionized plant might discourage other companies from coming to his state.
Forsyth Technical Community College Announces a Major Expansion Project Off Campus
Forsyth Technical Community College is building a $7 million Center for Emerging Technologies in downtown Winston-Salem. The center will be located in the Wake Forest Innovation Quarter.
Wilted Reputations Left By Shutdown And Default Threat
There was a sense of relief Thursday as the U.S. government went back to work and once again skipped past default. But around the world, many investors wonder whether the U.S. is going to be in fiscal crisis mode for some time to come, and how the country's currency and creditworthiness will be viewed by others.
Golf Star Arnold Palmer Makes a Special Lunch Delivery in Winston-Salem
Golf legend and Wake Forest University alum Arnold Palmer made a special lunch delivery Friday to a senior in Winston-Salem.