Raleigh, North Carolina

Wilmington, North Carolina

Triangle Business Journal

  • As exports plunge, NC Commerce has advice on how to respond
    by Lauren Ohnesorge on August 14, 2020 at 6:15 pm

    Covid-19 packed a punch in North Carolina’s exports, recently released data show. John Loyack, vice president of global business service at the North Carolina Department of Commerce, said the biggest challenge with North Carolina’s sellers is their sudden inability to fly across the Atlantic. And it’s a challenge that doesn’t seem to be lessening any time soon. Raleigh-Durham International Airport has lost all of its international flights. The U.S. is limiting international traffic to…

  • TBJ Plus: Chapel Hill bar reinvents itself; big losses for college sports; bank becomes brewery
    by Dane Huffman on August 14, 2020 at 6:11 pm

    HE'S NOT HERE BACK OPEN: Some popular bars are turning to creative ways to reopen during the pandemic. In Chapel Hill, the popular He's Not Here bar just off of Franklin Street reopened Aug. 4. The bar has been around since 1972 and is well-known for its blue cups and casual atmosphere. But He's Not Here, like other North Carolina bars, was shut down by Gov. Roy Cooper after Covid-19 struck. But the bar reopened, it reported on its Facebook page, as essentially a bottle shop. "We are now the 'home…

  • Raleigh pharma gets FDA approval to explore Covid-19 treatment
    by Seth Thomas Gulledge on August 14, 2020 at 5:20 pm

    Coming fresh off a $200 million raise, a drugmaker with a growing operation in the Triangle has received the go-ahead from the U.S. Food and Drug Administration to test one of its drugs as a treatment for Covid-19. On Friday, Verona Pharma reported the FDA gave the company notice is can proceed with a investigational new drug (IND) trial of ensifentrine in patients with Covid-19. The company plans to initiate a pilot clinical study on patients hospitalized with the virus at the University of…

  • Developer seeks up to 6-story project at aging Cameron Village condos
    by Caleb Harshberger on August 14, 2020 at 5:03 pm

    An aging condo complex in Cameron Village may soon see new life after its new owners filed a rezoning request to allow for the development of new multifamily mixed-use space up to six stories tall. Earlier this month, Camden Properties filed plans with the City of Raleigh to bring a new mixed-use multifamily development to the site after buying the property in January after years of wrangling by local brokers. Camden Properties paid around $17.5 million for the property, according to a tally…

  • Lindberg co-defendant asks for home confinement over Covid-19
    by Lauren Ohnesorge on August 14, 2020 at 4:53 pm

    Convicted businessman John Gray who, like Durham entrepreneur Greg Lindberg was found guilty in federal court of participating in a political bribery scheme earlier this year, is pushing back through court filings against the 10-year sentence recommended by prosecutors – calling it a death sentence in light of Covid-19. A day after Lindberg’s attorneys told the court that 12 to 24 months – not the 14 years recommended by prosecutors in his case – was fair, Gray’s lawyers asked for home…

  • Blue Cross NC says value-based care saved $153 million in first year
    by Seth Thomas Gulledge on August 14, 2020 at 4:50 pm

    The state's largest insurer says that its push to reform health care's payment system has already saved more than $153 million in its first year of operation, as it continues working to enroll more of its providers into the cost-sharing arrangements. Blue Cross and Blue Shield of North Carolina first launched its value-based care plan, Blue Premier, in January 2019 alongside five of the state's largest hospital systems. The plan was a new model replacing the traditional "fee-for-service" model,…

  • Epic sued by Florida tourist attraction over Fortnite's 'virtual' castle
    by Lauren Ohnesorge on August 14, 2020 at 4:48 pm

    A Florida tourist attraction is suing Epic Games, claiming trademark infringement in its blockbuster “Fortnite” title. Coral Castle, a limestone castle-turned-museum in the Miami area of Florida, is suing the Cary video game developer over its use of its name. The “Battle Royale” mode of Fortnite has 100 players trying to survive in a virtual world made up of various cities, towns and landmarks. As stated in the lawsuit, it’s a “continually changing” world, with locations being added…

  • MetLife leader who built massive Cary hub retiring
    by Lauren Ohnesorge on August 14, 2020 at 4:40 pm

    Geoff Lang, the MetLife leader who oversaw the creation of the insurance giant’s massive Cary hub, is retiring. “It’s time to turn over the leaf,” said Lang, who is retiring as vice president and general manager of global technology and operations. Lang has advice for his successor, Anika Wall, a six-year MetLife veteran and, most recently, assistant vice president of Global Technology Services. “There’s not a template that says you do A and you don’t do B,” he said. “My advice…

  • Amazon opens yet another center in NC
    by Andy Warfield on August 14, 2020 at 4:23 pm

    Just weeks after Amazon (Nasdaq: AMZN) opened its 1 million-square-foot fulfillment center in at 1656 Old Greensboro Road in Kernersville, the e-commerce giant on Thursday opened a new last-mile delivery center nearby at 1610 Old Greensboro Road. The company employs 110 full-time workers in the 68,000-square-foot facility, similar to the the last-mile center it opened in 2019 on National Service Road in High Point. The new jobs pay a minimum of $15 per hour with a full benefits package beginning…

  • Wells Fargo revamps risk structure with new leaders, including three in NC
    by Caroline Hudson on August 14, 2020 at 4:20 pm

    Wells Fargo & Co. (NYSE: WFC) is again making big changes to its risk operations. On Thursday evening, the San Francisco-based bank announced six new corporate risk leaders, including five to oversee different lines of business. It also confirmed its chief compliance officer, Mike Roemer, would be leaving the company after just two-and-a-half years. Three of the new leaders are based in Charlotte. Jeff Colson, head of capital management at Wells Fargo, will take over as chief risk officer for…


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