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May 12, 2025

Business

Article

Nippon, US Steel file suit after Biden administration blocks $15B deal

January 11, 2025 Fatima Hussein

WASHINGTON, D.C. — Nippon Steel and U.S. Steel filed a federal lawsuit challenging the Biden administration’s decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based U.S. Steel. The suit, filed […]

Article

Big Lots conducts going-out-of-business sales

December 27, 2024 Anne D’Innocenzio

NEW YORK — Discount chain Big Lots is conducting going-out-of-business sales at its remaining locations after a sale of the company didn’t materialize. The Columbus, Ohio-based retailer, which sells furniture, home decor and other items, […]

Article

NC Fast Facts: Elliott takes more than $5B stake in Honeywell

November 15, 2024 The Associated Press

Activist investor Elliott Investment Management has taken a more than $5 billion stake in Honeywell International and is calling for the conglomerate to split into two separate companies. In a letter sent to Honeywell’s board, […]

Article

Americans’ reliance on credit cards is the key to Capital One’s bid for Discover

February 20, 2024 Ken Sweet, Associated Press

NEW YORK — Americans have become increasingly reliant on their credit cards since the pandemic. So much so that Capital One is willing to bet more than $30 billion that they won’t break the habit. […]

Article

Norfolk Southern’s fourth-quarter profit falls 33% as Ohio derailment costs continue to grow

January 31, 2024 Josh Funk, Associated Press

ATLANTA — Norfolk Southern’s fourth-quarter profit fell 33% because of the ever growing costs of the cleanup of last year’s fiery derailment in eastern Ohio, but the railroad did deliver 3% more shipments during the […]

Article

Teamsters say trucking giant Yellow Corp. is ceasing operations, filing for bankruptcy

August 2, 2023 The Associated Press

NEW YORK — Troubled trucking company Yellow Corp. is shutting down and headed for a bankruptcy, the Teamsters said Monday.  An official bankruptcy filing is expected any day for Yellow, after years of financial struggles […]

Article

Newest addition to Raleigh skyline takes shape

July 6, 2023 Griffin Daughtry

RALEIGH — It’s only been nine months since Dewitt Carolinas, Inc., broke ground on 1000 Social, the first of two twelve-story office towers set to go up at their new billion-dollar development on St. Albans Dr., […]

Article

Walmart to expand health care centers in 2024

March 11, 2023 The Associated Press

BENTONVILLE, Ark. — Walmart plans to add more than two dozen health care centers to some of its stores next year, as the retailer moves deeper into providing primary care and other services.  The company said it […]

Article

WWE leaning in to social media ahead of possible sale

March 3, 2023 Michelle Chapman, Associated Press

WWE, an organization that is already king of the ring on social media, will attempt to expand its online presence this year with the $6.5 billion sports entertainment company hinting that it may put itself […]

Article

Consumer confidence bounces back, ending year on high note

December 30, 2022 The Associated Press

WASHINGTON, D.C. — The confidence of American consumers rebounded this month to end the year on a high note despite high inflation, rising interest rates that have made credit cards and mortgages more expensive, and […]

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