A prominent financial research firm downshifted the credit rating for Wilmington’s municipal bonds, citing a new evaluation method and the cost of debt service compared to public spending. Fitch Ratings downgraded Wilmington’s Issuer Default Rating — an assessment of how likely an issuer is to default on their financial obligations — from AAA to AA+ […]
Novant Health closed on the sale of 16 of its North Carolina properties earlier this month, a transaction that included four facilities in the Wilmington area. The sales are part of a “larger, multi-phased sale/leaseback transaction with Remedy Medical Properties Inc. and Kayne Anderson Real Estate,” according to a Novant Health spokesperson. The full real […]
The Senate voted nearly unanimously Tuesday evening to pass major legislation designed to reverse the American nuclear industry’s decades-long decline and launch a reactor-building spree to meet surging demand for green electricity at home and to catch up with booming rivals overseas. The bill slashes the fees the Nuclear Regulatory Commission charges developers, speeds up […]
An appeals court threw out convictions Tuesday against a North Carolina woman who was charged after a teenager fatally shot himself in her home, saying she was absolved because the weapon had been initially unloaded. State law makes it a crime for a gun owner to improperly store a weapon at home so as to […]
High caseloads and limited staff at the N.C. Office of the Chief Medical Examiner are leading to families waiting for closure in their loved ones’ deaths. One of those is the family of Joyce Alexander. She wants to know why her brother died after suddenly collapsing 14 months ago. “We don’t know if it’s something […]
North Carolina teachers and state employees would receive higher salary bumps than are currently planned, while child care providers could access some financial aid as federal assistance ends in a state budget measure advanced Tuesday by House Republicans. They are running their own a bill that would adjust the second year of the two-year state […]
Raleigh City Council will vote Tuesday on whether to levy an additional tax on a portion of west Raleigh that’s home to some of the city’s biggest attractions: PNC Arena, the N.C. Museum of Art and the state fairgrounds. Why it matters: With two stadiums, a hospital, a vet school, greenways, parks, and soon a […]
A major expansion in Johnston County is on the horizon for one of the world’s largest pharmaceutical companies. It could be North Carolina’s largest capital investment announcement of the year. Novo Nordisk (NYSE: NVO), manufacturer of the in-demand weight loss and diabetes drugs Wegovy and Ozempic, has been issued more than a dozen building permits […]
A recent poll suggests the crisis-level shortage of affordable housing could have a major impact on the outcome of fall’s election in swing states like North Carolina. The Swing State Housing Poll was conducted by HIT Strategies — a company founded by Democratic pollster Terrence Woodberry — and funded by the progressive groups Center for […]
As extremely high rates of student absenteeism drag on, some people are frustrated with the adults who let it happen. “There are a lot of people who say, ‘I want to make sure that kid gets to school, and if the parents can’t ensure they get that kid to school, send them to jail,’ ” […]
A North Carolina state employee of nearly three decades is facing felony charges. Harlan Frye, 62, who served as human resources director for the North Carolina Department of Revenue, is no longer employed by the agency as of June 10, WRAL Investigates learned. Frye was arrested June 9 in Long Beach, California, on a felony […]
Proposed national defense spending of $923.3 billion in fiscal year 2025 includes keeping the F-15E Strike Eagles at Seymour Johnson Air Force Base through 2029. The full Senate is next with a floor vote on the National Defense Authorization Act following Monday’s passage in the chamber’s Committee on Armed Services. The House passed the bill […]
Two structures with what Buncombe County officials said were “extensive” violations of environmental health and other rules along an important waterway have been demolished after a vote by local elected officials. The buildings at 1599 and 1603 Barnardsville Highway, a commercial structure and garage, had brightly painted walls facing the road with a honeycomb and […]
The Cumberland County Board of Commissioners unanimously approved $3.5 million in tax incentives for a potential solar factory Monday, marking the first step in enticing an unnamed international company to bring over $159 million to the local economy. Known as “Project Smartie,” CityView previously reported the plant would create 815 jobs paying $53,000 on average […]
The Cumberland County Board of Commissioners unanimously approved $3.5 million in tax incentives for a potential solar factory Monday, marking the first step in enticing an unnamed international company to bring over $159 million to the local economy. Known as “Project Smartie,” CityView previously reported the plant would create 815 jobs paying $53,000 on average […]
© 2024 North Carolina Tribune. All Rights Reserved.