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Belk to file for Chapter 11 bankruptcy, will restructure $450M in debt

Belk plans to file for Chapter 11 bankruptcy in a pre-negotiated deal that will reduce $450 million in debt. The Charlotte-based lender’s financial woes have been reported in recent weeks, with the p…
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Why Duke Energy customers could pay $4.8B for plants that don't produce power

A report contends Duke Energy customers might have to pay $4.8 billion for plants that will no longer be producing energy — similar to how the company’s failure to account for long-range costs of coa…
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Cinebistro is out at Fenton in Cary – so another upscale movie theater is taking its place (Gallery)

In the wake of the company's bankruptcy, Cinebistro isn't coming to the huge Fenton development in Cary. But another upscale theater plans to take its place.
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Durham firm's $1.59M gig: Archiving Donald Trump's tweets from his White House days

With former President Donald Trump’s departure from the White House complete, a homegrown Durham startup faces a monumental task: Archiving the more than 20 terabytes of social media data he leaves b…
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Raleigh-Durham bankers see falloff in demand, expectations for new PPP

Bankers in the Triangle say it's so far, so good for the second rollout of the Paycheck Protection Program, but their expectations for loan volumes are starting to diminish.
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With fresh $900M in hand, AMC Theatres says imminent bankruptcy is 'off the table'

Talk of imminent bankruptcy “is completely off the table,” AMC Entertainment Holdings Inc. CEO Adam Aron said in a Monday release. The claim comes after the Kansas-based theater operator said it had …
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Newly named captain Davis Love III talks 2022 Presidents Cup in Charlotte

The Charlotte native, Tar Heel and veteran PGA Tour player Davis Love III will lead the U.S. team in 2022 at Quail Hollow Club. He recently talked with CBJ about what he envisions for the tournament.
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New Churchill Downs Racetrack president dishes on Kentucky Derby planning

Mike Anderson grew up around the neighborhoods surrounding Churchill Downs Racetrack and has fond memories from that time.  Now the Louisville, Kentucky, native has taken the helm of the iconic hors…
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Maryland firm grabs Raleigh shopping center near NC State for $15.8 million

The shopping center near N.C. State is anchored by a Food Lion and last sold for $8.7 million.
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National construction firm has new Triangle leader with eye on continued growth

The company's former Triangle market leader is now heading the company's Southeast operations.
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PNC Bank to close more NC branches, including in Wilmington

PNC picks up where it left off in 2020 – closing bank branches.
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Cary will play host to first-ever MLB Draft combine this summer

Cary has been selected as the host site for Major League Baseball's first-ever pre-draft combine this summer. The combine, part of new additions to MLB's Prospect Development Pipeline (PDP), will be…
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Duke Energy agrees to pay $1B share of coal-ash costs in settlement

Duke Energy Carolinas and Duke Energy Progress will each take a $500 million charge against earnings in the fourth quarter to account for the settlement.
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What RDU's newest airline has to offer – and why it's betting on the Triangle

A scrappy budget carrier from Minneapolis is set to become the latest commercial airline to serve Raleigh-Durham International Airport beginning in mid-May.
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West Coast firm scoops Garner retail space with Starbucks

The space was built in 2019 and current tenants include a Starbucks and Marco's Pizza.
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