News – Page 19 – NC Business Desk

Companies & People

Michael Lyons takes over as Truist president and CEO

CHARLOTTE - Michael P. Lyons became president and chief executive officer of Truist Financial and Truist Bank on Sept. 1, succeeding William H. Rogers Jr.

September 4, 2026

Companies & People

Old Dominion Freight Line says August revenue per day rose 12.4%

THOMASVILLE - Old Dominion Freight Line said revenue per day rose 12.4% in August from a year earlier even as daily freight tonnage edged lower.

September 4, 2026

Companies & People

Albemarle names BHP executive Ragnar Udd as next CEO

CHARLOTTE - Albemarle has named BHP executive Ragnar "Rag" Udd as president and CEO effective Feb. 1, 2027, with Kent Masters moving to executive chairman.

September 3, 2026

Development & Infrastructure

U.S. 401 intersection project opens nearly a year early

RALEIGH - NCDOT has completed improvements at three North Raleigh intersections on U.S. 401, opening the corridor nearly a year ahead of schedule.

September 3, 2026

Companies & People

Cape Fear BioCapital closes first fund at about $9M

DURHAM - Cape Fear BioCapital has closed its first fund at about $9 million after investing in seven North Carolina life-science companies.

September 3, 2026

Companies & People

Parks Hospitality doubles Raleigh headquarters space, plans 60 hires

RALEIGH - Parks Hospitality Group has doubled its North Hills headquarters space and plans to add 60 employees companywide in 2027 as new hotels open.

September 3, 2026

Development & Infrastructure

NCDOT awards $6.7M contract for Robeson County overpass

ORRUM - NCDOT has awarded a $6.7 million contract to build a Creek Road overpass across U.S. 74 in Robeson County, supporting the future Interstate 74 corridor.

September 2, 2026

Development & Infrastructure

NCDOT raises I-40 gorge reconstruction estimate to $2.8B

HARMON DEN - NCDOT has raised its estimated cost to rebuild Interstate 40 through the Pigeon River Gorge to approximately $2.8 billion and now expects four restored lanes…

September 2, 2026

Companies & People

Vertiv agrees to buy Raleigh-based UtilityInnovation Group for up to $2.6B

RALEIGH - Vertiv has agreed to acquire Raleigh-based UtilityInnovation Group for $1.45 billion in cash, with up to $1.15 billion more tied to earnings targets.

September 2, 2026

Economy & Workforce

North Carolina opens $20 million child-care recovery grant window Sept. 14

RALEIGH - North Carolina will open a $20 million grant window Sept. 14 for public colleges and universities seeking to build or expand child-care capacity in storm-affected counties.

September 2, 2026

Economy & Workforce

Unemployment rates rose in all 100 North Carolina counties in July

RALEIGH - Unemployment rates increased in all 100 North Carolina counties in July, while the statewide rate remained below its year-earlier level.

September 2, 2026

Development & Infrastructure

Raleigh approves Heritage Park rezoning for up to 870 homes

RALEIGH - Raleigh has approved rezoning for two Heritage Park parcels, allowing future redevelopment with up to 870 homes near downtown and Dix Park.

September 2, 2026