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Top Business North Carolina News

Tillis Says He Won’t Seek Reelection After Trump Primary Threats
Republican Party · North Carolina

Tillis Says He Won’t Seek Reelection After Trump Primary Threats

43% Center coverage: 316 sources
Sen. Thom Tillis, R-N.C., announced Sunday that he would not run for re-election, one day after he opposed a sweeping bill for President Donald Trump's agenda.See the Story
New York planning first large US nuclear plant in years: Hochul
Kathy Hochul · New York

New York planning first large US nuclear plant in years: Hochul

50% Center coverage: 103 sources
See the Story
Wolfspeed Files for Bankruptcy to Cut $4.6B in Debt
Donald Trump · Durham

Wolfspeed Files for Bankruptcy to Cut $4.6B in Debt

70% Center coverage: 10 sources
Durham-based Wolfspeed has filed for Chapter 11 bankruptcy to cut $4.6 billion in debt while continuing operations. The move follows overbuilding amid slower-than-expected EV demand. Its $7.6 billion in assets exceed $6.7 billion in liabilities. Creditors like Microsoft and Renesas are major stakeholders. Stock rose post-filing.See the Story

Auto Industry Supplier to Create New Jobs in Rutherford Co.

67% Center coverage: 6 sources
NC Gov. Josh Stein that a new joint venture to supply synthetic leather materials for automotive interiors will create new jobs over the next 5 years in Rutherford County.Business · North CarolinaSee the Story

Krispy Kreme Appoints Raphael Duvivier as Chief Financial Officer

CHARLOTTE, N.C.–(BUSINESS WIRE)–Krispy Kreme, today announced that Raphael Duvivier, President, International of Krispy Kreme, has been named Chief Financial Officer, effective July 11, 2025. Mr. Duvivier succeeds Jeremiah Ashukian, who decided to leave the Company to pursue an opportunity with a private company. Since joining Krispy Kreme in 2019, Mr. Duvivier has held multiple leadership roles at the Company, including segment Chief Financial …CFO · CharlotteSee the Story

E.J. Victor co-founder John Jokinen dies at age 81 - Business North Carolina

John Victor Jokinen, a 58-year furniture industry veteran and co-founder of high-end furniture manufacturer E.J. Victor, died June 28 at age 81. John Jokinen Jokinen joined Henredon Furniture in Morganton in 1979, after previously starting his career as a sales representative for Simmons 12 years earlier. He credited his mentor, Henredon President William E. Smith, for shaping his knowledge of the furniture industry. In 1989, Jokinen, Edward W. …See the Story

FedEx to Close Shipping Facility in Greensboro

100% Left coverage: 1 sources
Federal Express will close a Greensboro shipping center on Sept. 1.Greensboro, North Carolina · GreensboroSee the Story

Guilford College raises $5M to meet accreditation demand - Business North Carolina

Guilford College averted the potential loss of its academic accreditation after raising more than $5 million in unrestricted cash by June 30. Next, supporters of the 188-year-old private Quaker College in Greensboro will learn about long-term planning aimed at ending years of financial struggles. “We are closing one fiscal year and entering a new one united in stabilizing, sustaining and advancing the institution we love,’’ acting President Jean…Greensboro, North Carolina · GreensboroRead Article

The N.C. Economic Development Association honors its top achievers. - Business North Carolina

Elected officials traditionally make the job announcements after the economic developers across the Tar Heel State have done the heavy lifting. They collaborate with consultants, companies, property owners and local governments to deliver investments and jobs to communities. In addition to the number of potential jobs, they consider how much workers can earn as they strive to improve the quality of life for North Carolina residents with increasi…North Carolina · North CarolinaRead Article

FedEx Is Now Warning of Upcoming Layoffs

FedEx layoffs impact 164 employees in Greensboro as part of Network 2.0 initiative for operational efficiency.Layoffs · CharlotteSee the Story

JetZero’s ambitious plans electrify the region, state. - Business North Carolina

On an earlier visit to the Triad about 35 years ago, JetZero CEO Tom O’Leary was studying environmental policy at Furman University. He toured High Point’s solid waste disposal dumps, a much less glamorous task than his return in mid-June. Amid all the fanfare that state and local officials could muster, O’Leary and his West Coast colleagues gathered at Greensboro’s Piedmont Triad International Airport for the biggest job announcement in state h…Greensboro, North Carolina · GreensboroRead Article

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