News

Companies & People

First Citizens completes acquisition of 138 BMO branches

RALEIGH - First Citizens Bank completed the acquisition and conversion of 138 BMO branches, adding about $5 billion in deposits and $650 million in loans.

September 13, 2026

Companies & People

Labcorp targets 5% to 8% annual revenue growth through 2029

BURLINGTON - Labcorp said it expects compound annual revenue growth of 5% to 8% through 2029 while reaffirming its full-year 2026 guidance.

September 13, 2026

Companies & People

Cardinal Infrastructure establishes $250 million delayed-draw facility

RALEIGH - Cardinal Infrastructure Group said a subsidiary has established a delayed-draw term-loan facility of up to $250 million and increased its revolving commitments to $100 million.

September 13, 2026

Development & Infrastructure

Prysmian breaks ground on $1.02 billion Claremont expansion

CLAREMONT - Prysmian has broken ground on a $1.02 billion expansion that will increase fiber and optical cable production and add 385 jobs in Catawba County.

September 12, 2026

Development & Infrastructure

NC DEQ issues final air permits for Amazon, Duke Energy Hamlet projects

RALEIGH - North Carolina regulators issued separate final air permits for Amazon's planned Hamlet data center and Duke Energy's temporary bridge-power operation, adding requirements after public feedback.

September 12, 2026

Development & Infrastructure

ProVia plans $120 million Mocksville plant with 400 jobs

MOCKSVILLE - ProVia plans to invest $120 million in a 580,000-square-foot window manufacturing plant expected to create 400 jobs in Davie County.

September 12, 2026

Development & Infrastructure

RTI opens $14 million Pilot Xcelerator expansion in Durham

DURHAM - RTI International has opened a $14 million expansion of its Pilot Xcelerator, doubling the research institute's commercialization infrastructure for energy and industrial technologies.

September 12, 2026

Companies & People

SteelFab plans $19 million Fayetteville expansion, adding 38 jobs

FAYETTEVILLE - SteelFab plans to invest more than $19 million and add 38 jobs as it expands its structural steel fabrication operation in Cumberland County.

September 12, 2026

Development & Infrastructure

Raleigh approves taller, denser zoning for Heritage Park redevelopment

RALEIGH - Raleigh City Council has approved rezoning for the Raleigh Housing Authority's Heritage Park property, allowing buildings up to 12 stories and greater residential and mixed-use intensity.

September 11, 2026

Development & Infrastructure

Volaris plans RDU-Guadalajara flights starting Oct. 16

MORRISVILLE - Volaris will begin nonstop service from Raleigh- Durham International Airport to Guadalajara, Mexico, on Oct. 16, giving RDU its 19th airline and a record 91 nonstop…

September 11, 2026

Government & Business

North Carolina secures $590 million PFAS settlement

RALEIGH - North Carolina has secured an agreement valued at $590 million with Chemours, DuPont and Corteva over PFAS contamination, including $455 million in payments and a $135…

September 11, 2026

Economy & Workforce

North Carolina enters top 10 in state innovation report

RALEIGH - North Carolina ranks ninth among states for overall innovation capacity in the state's 2026 Tracking Innovation report, its first top-10 finish.

September 10, 2026