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Archive for August, 2012

Ex-prosecutor Gore turns himself in

Tuesday, August 21st, 2012

Warrants also issued for 2 other ex-officials

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Man drowns at Topsail Beach

Tuesday, August 21st, 2012

The body of a 69-year-old man was pulled from the surf Monday morning on Topsail Beach, the town’s police chief said Tuesday.

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Two step in to principal slots

Tuesday, August 21st, 2012

The New Hanover County board of education filled two open principal spots in the district at its Tuesday meeting.

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Tropical Depression 9 forms; Heading westward into Caribbean

Tuesday, August 21st, 2012

WILMINGTON, NC (WWAY) — A strong area of thunderstorms is now Tropical Depression #9 in the central Atlantic Ocean. The storm is expected to strengthen over the coming days and head west.

If it does strengthen as expected, Tropical Storm Isaac will push through the Leeward Islands Wednesday and then enter the Caribbean Sea. Right now, it looks like conditions are favorable for significant strengthening there, and Isaac could become a sizeable hurricane by this weekend.

As the storm continues to head west in the Caribbean Sea, we will need to watch it’s progress very closely. Early indications from computer models and weather patterns show that this storm should turn northward. Where the storm will ultimately end up remains to be seen and is too uncertain this far out. With that being said, storms in this part of the ocean have had a history of impacting North Carolina.

As we enter the heart of hurricane season, now is the time to re-visit your hurricane plan and make sure you have all the supplies you and your family need to get through a storm.

As always you can get up to the minute updates from the StormTrack 3 Weather Team at Hurricanes 101.

– Meteorologist Tim Buckley

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NC appeals court rules tax-avoiding Food Lion owes

Tuesday, August 21st, 2012

Associated Press

RALEIGH, NC (AP) — A North Carolina appeals court is backing up the power of tax collectors to recalculate the returns of multi-state companies that shift assets to try avoiding or diminishing corporate income bills.

A unanimous three-judge panel of the state Court of Appeals ruled Tuesday against Food Lion’s parent company, saying the grocery store chain owes North Carolina $10 million in back taxes and penalties.

The court also reversed a lower court and said the state’s Revenue Department could assess Food Lion a penalty of more than $1 million because its improper deductions understated its tax obligations by nearly 90 percent.

North Carolina tax collectors have for nearly five decades combined and recalculated corporate returns to prevent big companies from moving money to out-of-state units to avoid state taxes.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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