News

VinFast’s losses continue to mount, officials still optimistic

Coming on the heels of a second-quarter report that saw losses of $526.7 million, VinFast reported Thursday that it lost an additional $623 million for the third quarter of 2023. That brings total losses since 2021 for the Vietnamese electric vehicle maker to $5.1 billion.

Theresa Opeka
News

Allstate’s pulling out of NC incentive deal continues trend

One of the nation’s oldest and largest insurance companies had its incentives package terminated by the North Carolina Economic Investment Committee Tuesday for failing to add thousands of jobs to its operations center in Charlotte.

Theresa Opeka

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Opinion

Black entrepreneurs in NC find success with simple, timeless comfort food

Fried chicken, collard greens, pinto beans, potato salad, cornbread, and of course macaroni & cheese — all staple items located on menus at Black-owned restaurants across the country. Some call it “Southern food,” others “soul food,” and you’ll hear the occasional “country cooking” tossed around too. But in the end, these simple and timeless menu...

Algenon Cash
News

Uncertainty surrounding EV maker with plans to build in NC after announcing layoffs

A Vietnamese electric vehicle maker with plans to build a production plant in Chatham County may be in trouble after announcing it is cutting 80 jobs in the U.S., including its chief financial officer, all before delivering its first vehicle. 

Theresa Opeka
Opinion

When politics enters the workplace

Should businesses weigh in on political controversies? According to a recent Gallup poll, the general public is closely divided on the question, 48% in favor and 52% opposed. Not surprisingly, young people are friendlier to the idea — but even their preferences are more nuanced than a single yes-or-no question can convey. That’s one of...

John Hood
News

NC restaurant owner taps state’s booming business climate

With North Carolina recently being ranked the top state in the nation for business by CNBC (and just about everyone else) there are lots of headlines about major corporations relocating here to get the competitive advantage. But there are also thousands of smaller companies that relocate here or open storefronts every year. Last year this...

Michael Bruce
News

More than 50 N.C. business, political figures back brief supporting Leandro plaintiffs

Self-proclaimed “recognized leaders in the North Carolina business community” are jumping into the Leandro school funding debate. They filed paperwork Wednesday in the N.C. Supreme Court to support plaintiffs seeking court-ordered education funding.

CJ Staff