News
Durham energy firm files bankruptcy after $1.1B FERC fraud order
The Durham company was built by members of a prominent Democratic donor family that has given at least $886,526 to North Carolina Democrats.
News
4th Circuit now ‘safe haven’ for asbestos suit evasion, dissent warns
The federal Appeals Court circuit covering North Carolina has become a “safe haven” for companies seeking to avoid liability for asbestos claims, according to dissent filed Wednesday.
Opinion
Corporate subsidies and taxpayer risk
The JDIG and OneNC grant funds promised to create 204,000 jobs when they were created in 1993 and 2002. But they have only delivered on 95,000 as of 2024.
News
Wolfspeed gets nearly $700M tax refund after bankruptcy
Wolfspeed, a Durham-based semiconductor supplier, announced earlier this week that it has received $698.6 million in cash tax refunds from the Advanced Manufacturing Investment Credit (AMIC) under Section 48D of the Internal Revenue Code from the Internal Revenue Service (IRS) under a provision in the 2022 CHIPS Act.
News
Appeals Court splits, 8-6, in NC asbestos lawsuit bankruptcy case
The full 4th US Circuit Court of Appeals voted 8-6 not to rehear a North Carolina bankruptcy case that could impact 56,000 asbestos-related lawsuit plaintiffs.
News
Wolfspeed announces bankruptcy plan, giving creditors control
Wolfspeed, a Durham-based semiconductor supplier, announced in a press release on Sunday that it plans to file for Chapter 11 bankruptcy under a restructuring agreement they say will strengthen the company’s financial profile and give creditors control.
News
Update: Bankruptcy imminent for Wolfspeed
Semiconductor supplier Wolfspeed is one step closer to filing for bankruptcy. Bloomberg News and Reuters reported Wednesday that creditors will soon take over the Durham-based company.
News
JetZero to bring $4.7 billion manufacturing facility to Greensboro
JetZero invests $4.7B in Greensboro for a cutting-edge aerospace facility, creating 14,000 jobs and revolutionizing aviation with sustainable innovation.
News
Wolfspeed layoffs at its Siler City materials factory
Weeks after an announcement that it is preparing to file for Chapter 11 bankruptcy, Durham-based Wolfspeed is laying off 73 workers from its new materials factory in Siler City.
News
Steel tariffs rattle North Carolina’s auto sector
North Carolina’s automotive manufacturing sector—home to more than 300 companies and 37,000 workers—is facing renewed uncertainty as new federal tariffs on steel and aluminum threaten to raise costs.
News
Durham-based Wolfspeed to file for bankruptcy within weeks
Wolfspeed, the semiconductor supplier headquartered in Durham, faces uncertainty as it prepares to file for Chapter 11 bankruptcy in the coming weeks.
Opinion
Backroads, byways, boondoggles, and brouhahas
What follows is the first of an occasional column — taken from news sources throughout North Carolina — highlighting how government spends our money and makes other questionable moves about which state residents may not be aware. Reidsville in Rockingham County, like much of that region, has lost much over the past several decades. Tobacco and cigarettes, textiles...
