Wilmington HotelsWilmington AdvertiseWilmington AttractionsWilmington BeachesWilmington Business DirectoryWilmingtonWilmingtonWilmington GolfWilmington JobsWilmington NewsWilmington DiningWilmington Weather



Wilmington, NC News

  Free Wilmington Travel Guide!

Archive for June, 2012

How billionaires like Warren Buffett profit from minor-league baseball ownership

Wednesday, June 13th, 2012

NEW YORK (CHRIS SMITH @ FORBES.COM) — Warren Buffett, America’s second-richest man after Bill Gates, is worth $44 billion. The vast majority of that wealth is from Berkshire Hathaway, Buffett’s holding company based in Omaha, Nebraska, but a small portion comes courtesy of a Minor League Baseball team in the same state. Buffett owns a 25 percent stake in the Omaha Storm Chasers, the Kansas City Royals’ AAA farm team that is currently leading the Pacific Coast League’s American Northern division with a 36-25 record. The Storm Chasers rank No. 20 on our list of Minor League Baseball’s most valuable teams, taking home an estimated $8 million in revenue last season.

And Buffett isn’t the league’s only billionaire owner, either. Robert E. Rich, Jr., who made his $2.1 billion with food conglomerate Rich Products, owns the Buffalo Bisons (No. 13); Herb Simon, chairman and director of Simon Property – the nation’s largest publicly traded real estate investment trust – is a co-owner of the Reno Aces (No. 14).

Why would some of the nation’s wealthiest men be interested in owning such small professional sports teams? Simple: it’s smart business.

CLICK HERE TO READ MORE: http://sports.yahoo.com/news/how-billionaires-like-warren-buffett-profit…

More: continued here

Huge crowd turns out to mourn fallen deputy

Wednesday, June 13th, 2012

BLADENBORO, NC (WWAY) — At least 1,000 people turned out in Bladenboro this afternoon to honor a Bladen County Sheriff’s deputy who died in the line of duty. Dep. Dewayne Hester died when he lost control of his car and hit a tree on the way to a call late Friday night.

This afternoon, people packed the Hickory Grove Baptist Church in Bladenboro for Hester’s funeral. The crowd included law enforcement officers from across the state and South Carolina.
Inside the funeral, where cameras were not allowed, the church’s Family Life Center was packed to the back. People stood, lining the back and side walls.

During the eulogy, Larry Hayes, Hester’s friend and pastor, described the fallen deputy as “a man of great faith and integrity.”

The service began with a video of pictures of Hester that told his life, from boyhood to adulthood.

The service closed with a video recording of Hester singing two songs. One of them was call “Going Home,” which describes a life coming to an end but continuing in heaven.

After the funeral, a procession accompanied Hester’s body to a burial in Oak Grove Church Cemetery in Bladen County. His body was carried along the last bit of the route on a horse-drawn caisson with a guard of North Carolina Highway Patrol Troopers.

Hester, who was three months shy of his 40th birthday, is survived by his wife Tammie and two young daughters, Haley and Hannah.

More: continued here

Decision to scuttle Scotts Hill fire substation vexes many

Wednesday, June 13th, 2012

The commissioners are likely to hear more about the decision – and its financial fallout.

More: continued here

PPP: McCrory adds slightly to lead in polls over Dalton

Wednesday, June 13th, 2012

WILMINGTON, NC (WWAY) — A new poll shows little change in how North Carolina voters view the candidates for governor.

Public Policy Polling found Pat McCrory leads Walter Dalton 47-40. That’s almost identical to McCrory’s 46-40 advantage in May.

Negative ads have not had much effect on the candidates’ images either. McCrory’s favorability this month is a +14 spread at 44/30, little different from last month’s +13 at 41/28. There’s been similarly little impact on Dalton. Last month he was at 28/26 and now he’s at 28/28.

PPP found McCrory continues to be the favorite for a couple of key reasons. He’s been persistently strong with independents and leads 47/31 with them this month. And his party is much more unified around him than Dalton’s is. McCrory’s taking 83 percent of the Republican vote to Dalton’s 68 percent of Democrats. Some party unity gap is to be expected in North Carolina because there are so many conservative Democrats, but it was only seven points in PPP’s final poll of 2008.

There are some reasons for encouragement for Dalton in this poll, PPP said. His post-primary bounce has sustained itself for the last month despite the negative ads being run against him. Pollsters say it seems unlikely McCrory will return to the 15-point lead he started out the race with, or anything particularly close to it. McCrory’s also losing his image as a centrist. PPP found 44 percent of voters think he would best be described as a conservative to only 27 percent who think he’s a moderate. Also, 50 percent of the undecideds, who skew Democratic, are supporting Barack Obama to 30 percent for Mitt Romney. If those folks ended up voting the same party for Governor that they are for President, it would bring Dalton within four points.

One outcome of a Republican leading at the top of the ticket could be tough times for some Democratic Council of State members seeking reelection. Incumbent Treasurer Janet Cowell leads challenger Steve Royal only 34-33, and Auditor Beth Wood is tied with her challenge Debra Goldman at 36 percent. In the other statewide race where the general election match up has been set Republican Agriculture Commissioner Steve Troxler has a commanding 45-31 lead over challenger Walter Smith.

More: continued here

Local group restarts The First Tee for youth golf

Wednesday, June 13th, 2012

It will fill a void created when the First Tee of Wilmington folded in March 2009.

More: continued here



News provided by WWAY NewsChannel 3 and the StarNewsOnline

|Home| |Events| |Attractions| |Accommodations| |Restaurants| |Golf| |Beaches| |Jobs| |Getting Here| |Climate| |Directory| |News| |Advertise| |Contact Us|

  Welcome to Wilmington, North Carolina