Business & Economy

An artist's rendering of a light rail stop.
Triangle Transit

The regional bus and transportation planning agency GoTriangle has released an advance copy of the draft environmental impact statement for the Durham-Orange light rail line proposal. The statement is to be published formally later this week by the Federal Transit Administration. You can read about the impact statement and comment online here.

MikeKalasnik / Flickr Creative Commons

The North Carolina department store Belk will be sold for $3 billion to a private equity firm in New York. 

Sycamore Partners is acquiring Belk, a company with a long history in the Charlotte area. William Henry Belk founded the department store in Monroe in 1888. Belk has more than 1,000 corporate employees in Charlotte.  It's not yet clear what will happen to those employees or the nearly 300 Belk stores in the Southeast.

Jason deBruyn, Triangle Business Journal
Triangle Business Journal

The FDA approved the first-ever drug for female sexual dysfunction. The Raleigh-based company, Sprout, is behind the libido pill.

  This morning, Valeant Pharmaceuticals announced it is buying Sprout for $1 billion. Some hail the FDA approval as a victory for gender equality but critics say the many risky side effects outweigh the benefits.

Dan Ariely is a world renowned behavioral economist at Duke University.
nrkbeta / Flickr Creative Commons

Dan Ariely credits his career to an accident that left him in a hospital bed for three years.

At age 17, Ariely suffered from third degree burns on most of his body after a chemical explosion.

It was his inability to move for long periods of time that allowed him to observe the nuances of human behavior.

An image of the Greensboro Skyline
Public Domain

The City of Greensboro and the U.S. Economic Development Administration recently finished hosting a contest looking for the best plan to revive the city's economy.

Out of six finalists, judges selected the plan submitted by a team from University of North Carolina at Greensboro.

Millennials
Kenan Flagler Blog

It’s been a tough job market for the young worker since the last recession and economic downturn.  Many in that under-35 age group have been squeezed out for lack of experience or credentials.

But a growing number of companies are seeing the benefits of hiring Millennial workers.  Two North Carolina companies in the Triangle stand out.

It’s hard to keep up with all the “best places to work” lists that include analytics software giant SAS.

Blue Cross Blue Shield pen
frankieleon / Flickr Creative Commons

The Affordable Care Act was designed to give more access to healthcare at lower costs. But the state’s largest health insurer, Blue Cross Blue Shield of North Carolina, has requested a rate increase of more than 34% for patients enrolled in the ACA plans.

The company says it needs the additional revenue to offset increasing costs. The request, along with increase requests from other insurers, will be considered by the North Carolina Insurance commissioner.

An image of a wine and beer mug
chris riebschlager / Flickr Creative Commons

If you’re looking for a luxury libation, come to North Carolina. The craft beer business is thriving in the state, adding new breweries and brewpubs every year, as North Carolina’s wine industry continues to grow.

An image of downtown Raleigh
NCDOTcommunications

 

Downtown Raleigh is booming and other downtown areas are noticing. According to a recent story in the Tampa Bay Times, Tampa should model its downtown after Raleigh’s tech-savvy and eco-friendly businesses, efficient mass transit and urban housing for young professionals.

An image of people holding up alcholic beverages
Pixabay Public Domain

The Chapel Hill Police Department is getting help from the North Carolina Alcohol Law Enforcement (ALE) to check whether bars are serving patrons under 21.

The partnership began before 20-year-old UNC student Chandler Kania caused a car accident on I-85 on Sunday, killing three people.

Pages