Business

Penney sees opportunity in recession

This holiday season, J.C. Penney CEO and Chairman Myron E. Ullman III is armed with a lineup of exclusive fashion brands he helped bring to the department store chain, and he's ready to battle key rivals like Macy's.
Modified: 11/20/09 09:27:19 PM

LabCorp may get incentives to move

Medical-testing company LabCorp wants to consolidate its billing operations and could receive nearly $900,000 in taxpayer incentives if it chooses a site in Greensboro.
Modified: 11/20/09 09:26:55 PM

Two stations yield to Yuletide

Love it or loathe it, Triangle radio listeners are getting twice as much Christmas music this year.
Modified: 11/20/09 09:26:55 PM

Snazzy ATMs start a demise

Wachovia has started replacing its ATMs in the Triangle with next-generation machines, part of the bank's transformation under the ownership of Wells Fargo.
Modified: 11/20/09 09:26:53 PM

Credit Suisse sells some RTP land

Investment banking giant Credit Suisse has sold back about half its land in Research Triangle Park after concluding that it has ample room for expansion in its facility.
Modified: 11/20/09 09:26:53 PM

Dour Dell pulls at stocks

Investors can't shake their fears that the economy isn't keeping up with the stock market.
Modified: 11/20/09 09:26:52 PM

Drugmakers rush back into market for vaccines

Malaria. Tuberculosis. Alzheimer's disease. AIDS. Pandemic flu. Genital herpes. Urinary tract infections. Grass allergies. Traveler's diarrhea. You name it, the pharmaceutical industry is working on a vaccine to prevent it.
Modified: 11/20/09 07:27:04 AM

Earnings Preview: Tyson Foods Inc.

Tyson Foods Inc., the world's largest meat producer, is scheduled to report results for its fiscal fourth quarter on Monday before the market opens. The following is a summary of key developments and analyst opinion related to the period.
Modified: 11/20/09 02:40:50 PM

Goldman's chief executive apologizes for part in fiscal crisis

Facing a hail of criticism, Goldman Sachs' top officer has offered a halting apology for the premier investment bank's role in the subprime mortgage crisis that sank the nation's economy.
Modified: 11/20/09 09:14:53 AM

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Mary Cornatzer, business editor
(919) 829-4755

Alan Wolf, assistant business editor
(919) 829-4572

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Kellogg's cuts Cary work force

Local workers at Kellogg's biggest snack manufacturing plant in the nation received layoff notices Thursday morning.
Modified: 11/19/09 10:56:27 PM

Briggs branches out

Retailing: A family-owned business in Raleigh that dates back more than a century is revisiting the past.
Modified: 11/19/09 10:41:33 PM

Sony Ericsson closing RTP site

Sony Ericsson will dismantle its Research Triangle Park operations and eliminate 425 jobs.
Modified: 11/19/09 05:14:36 AM

Garner might woo ConAgra

Some town leaders say they would consider giving ConAgra Foods financial incentives to keep its damaged Slim Jim plant open in Garner.
Modified: 11/18/09 09:48:54 PM

Fugitive's luxuries bring high bids

The glittering former possessions of former Raleigh financier William Wise flew off a local auction block Wednesday.
Modified: 11/19/09 08:45:18 AM

Mock strike urges progress

American Airlines flight attendants walked picket lines Wednesday at 13 airports, including Raleigh-Durham International, in a mock strike to press for resolution of contract talks with the nation's second-largest airline.
Modified: 11/18/09 09:48:56 PM

SciQuest's big get: a UNC system deal

SciQuest, a Cary technology company whose software allows businesses and universities to order supplies and services online, has signed a major new client: the University of North Carolina.
Modified: 11/18/09 09:09:32 PM

For Eggo lovers, breakfast is bitter

Kellogg Co. says there will be a nationwide shortage of its popular Eggo frozen waffles until next summer because of interruptions in production.
Modified: 11/19/09 05:20:15 AM

Gem maker tries to prop up stock

Several Charles & Colvard executives, including its new CEO, have bought thousands of company shares, part of an effort to boost the stock price and avoid being delisted.
Modified: 11/18/09 09:08:09 PM

Social Security leases RTP space

Highwoods Properties announced Wednesday that the Social Security Administration has leased 68,000 square feet of office space in Research Triangle Park.
Modified: 11/18/09 09:08:08 PM

Investment losses hurt N.C. Mutual

N.C. Mutual Life posted a $1.1 million loss in the third quarter, a slight improvement compared with a $1.2 million loss a year ago.
Modified: 11/18/09 09:08:07 PM

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