Acquisition Deal Saves Up to 400 Big Lots Stores from Closure, Preserving Jobs and Brand Presence
Big Lots' potential closure of stores is averted as up to 400 stores are sold, preserving jobs. Variety Wholesalers will buy 200-400 stores, maintaining the Big Lots brand and potentially retaining staff.
FedEx to Shutter Durham Center and Cut 341 Jobs in Raleigh Amid Operational Restructuring
FedEx is closing its Durham office and laying off workers in Raleigh, impacting a total of 341 jobs due to operational realignment. The company has provided WARN notices to North Carolina’s Department of Commerce.
Wolfspeed CEO Gregg Lowe Steps Down, Company Seeks Successor Amid Strategic Refocus
Wolfspeed's CEO Gregg Lowe steps down; interim led by Thomas Werner. The firm seeks new CEO and plans layoffs while focusing on silicon carbide chips and facility upgrades, buoyed by significant government funds.
Celebrity Chef Ford Fry to Spice Up Raleigh's Iron Works with New 'Little Rey' Taco Spot Opening December 9
Celebrity chef Ford Fry's 'Little Rey' Mexican restaurant opens on Dec 9 in Raleigh's Iron Works district, offering casual all-day counter service and a menu featuring Northern Mexican cuisine.
Raleigh City Council Partners with Habitat for Humanity to Boost Affordable Housing with Land Sale
Raleigh City Council approves the sale of city-owned land to Habitat for Humanity for $200,000 for the development of four affordable homes, ensuring 99-year affordability for residents earning below AMI.












