Triangle Business Journal
Column: Accurate count crucial for NC as Census approaches
by Lori O'Keefe on January 17, 2020 at 9:29 pm
An accurate Census count will have major implications for North Carolina over the next 10 years.
Greensboro, Guilford approve $3.6M in incentives to retain Syngenta
by Andy Warfield on January 17, 2020 at 7:50 pm
With only one elected official among the Greensboro City Council and the Guilford Board of County Commissioners opposed, a combined $3.6 million in city and county incentive packages was approved Thursday to keep the U.S. headquarters of Syngenta Crop Protection — and its 650 jobs — in Greensboro. As part of its decision-making process of whether to renovate and remain on its aging 70-acre site in southwest Greensboro, to renovate another location in the city or relocate the company elsewhere,…
Upscale Raleigh apartments in Glenwood Place net $83M from Denver group
by Caleb Harshberger on January 17, 2020 at 7:43 pm
Sojourn Glenwood Place apartments in Raleigh sold for more than $280K per unit.
RDU needs billions to fund future growth. Here's how it could raise the money.
by Lauren Ohnesorge on January 17, 2020 at 7:20 pm
Raleigh-Durham International Airport needs to raise billions to support its future growth. A new report offers potential ways to raise the funds.
Gap kills planned spinout of Old Navy
by Dawn Kawamoto on January 17, 2020 at 7:08 pm
Struggling retailer Gap (NYSE: GPS) nixed its plans to split Old Navy from its holdings into a separate company, it revealed Thursday. “The plan to separate was rooted in our commitment to value creation from our portfolio of iconic brands,” Robert Fisher, Gap interim president and chief executive officer, said in a statement. “While the objectives of the separation remain relevant, our board of directors has concluded that the cost and complexity of splitting into two companies, combined…
There's a big fight brewing over Duke Energy’s power monopoly
by John Downey on January 17, 2020 at 6:06 pm
Connection to the power grid is perhaps the most persistent issue between solar developers and Duke Energy Corp.
TBJ Plus: New Raleigh hotels raise signs; Yelp snubs Triangle food; Disney explores Paris – as a rat
by Dane Huffman on January 17, 2020 at 6:05 pm
FINALLY, NEW HOTELS IN DOWNTOWN RALEIGH: The signs of the times are on display in downtown Raleigh as new hotels rise and begin their efforts to lure customers. On Thursday afternoon, workers were hanging a new sign on the Longleaf Hotel, yet another signal that Raleigh's long-sleepy hotel scene is about to change. The sign is also up on the Origin Raleigh Hotel, which opens in March at 603 W. Morgan St. and promises to be "the hippest spot in the city." We'll see about that, but the hotel will…
UNC System to state lawmakers: just get the budget done
by Seth Thomas Gulledge on January 17, 2020 at 5:09 pm
At the year's first meeting of the UNC System Board of Governors, officials implored state lawmakers not to let the system become "collateral damage" in the ongoing budget stalemate. The board's meeting was mostly punctuated by remarks about the state's budget impasse, including from interim President Bill Roper and chairman Randy Ramsey. The board also adopted a resolution laying out the harm the budget battle is causing. The meeting kicked off with Roper imploring lawmakers to overlook partisan…
Delta adds Miami to its nonstop lineup at RDU
by Lauren Ohnesorge on January 17, 2020 at 4:28 pm
Raleigh-Durham International Airport’s biggest carrier on Friday announced another nonstop flight: Miami. The Delta (NYSE: DAL) flight starts May 22, taking off twice daily from RDU via an Embraer ERJ-175. Right now, the RDU-MIA route is served by American Airlines and Frontier. Mike Walden, economist and North Carolina State University professor, called it good news in an email. "Of course, Delta is a major carrier, so adding anything from them - especially a nonstop - is a plus," he writes.…
Charles Schwab sells San Fran mansion to prominent family (Photos)
by Mark Calvey on January 17, 2020 at 1:12 pm
From the Gold Rush to today's soaring stock market, those with family fortunes like to call San Francisco home.