Business

Triangle: Credit Suisse is adding 1,200 jobs

The Triangle’s budding reputation as a hub for financial technology got a boost last month when Credit Suisse said it will add 1,200 jobs over the next several years at Research Triangle Park. The project, which involves an investment of $70.5 million, marks one of the state’s biggest economic-development announcements in recent years. Zurich-based Credit […]

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New York City suspends ties with Wells Fargo

New York Mayor Bill de Blasio and Comptroller Scott Stringer have blocked Wells Fargo & Co. from leading municipal bond sales or landing other banking business until it improves its track record of lending in poor communities. The action marks the latest effort by state and local governments to punish the bank, whose reputation was battered […]

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Kellogg to lay off nearly 500 N.C. workers

Kellogg Co. is closing its distribution centers in Charlotte and Greensboro this summer, a move that will affect nearly 500 workers. The closures, part of a company-wide cost-saving effort, stem from a previously announced decision to shut nearly 40 distribution centers nationwide in favor of using a warehouse system for supplying customers. The Michigan-based cereal […]

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Nucor to invest $176M in Kentucky plant

Charlotte-based steel manufacturer Nucor Corp. will invest $176 million in the construction of a galvanizing line at its sheet mill in Ghent, Kentucky. The project is expected to expand annual production at the plant by nearly 500,000 tons and increase Nucor’s share of supplies to the automotive industry. Nucor says it will hire an additional 75 full-time […]

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