Triangle Area Business News

The Triangle may be taking a beating in the recession, but it started its economic slide from an enviable position.

Dell will spend $3.9 billion for the technology services company Perot Systems in an attempt to expand beyond the PC business and compete more aggressively with Hewlett-Packard.

RBC Bank has named Glenn D. McCoy chief financial officer, the second time this month that the Raleigh financial institution has tapped a Wachovia veteran for a top management position.

When the best job Mikala Reasbeck could find after college in Boston was counting pills part time in a drugstore for $7 an hour, she took the drastic step of jumping on a plane to Beijing in February to look for work.

William Brock, a retired Duke Energy manager, was satisfied he had done his homework before he invested in Mobile Billboards of America.

The Internal Revenue Service has released data on the number of homeowners who have taken advantage of the first-time homebuyer tax credit that has been available since 2008. A total of 1.42 million U.S.

Most stocks lost ground Monday as a stronger dollar pushed down commodity prices and investors grew jittery about the market's six-month rally.

Progress Energy's ash storage pits at coal-burning powers plants in Chatham County and near Asheville have the worst safety ratings of 43 such plants reviewed by federal regulators this year.

A Raleigh businessman is one of two people charged in a 10-count federal indictment that says they cheated investors out of at least $80 million through a Ponzi scheme that fell apart last year.

Thousands of unemployed North Carolina workers could get a 13-week reprieve if the federal government passes a bill to extend unemployment payments in states with the highest unemployment rates.

Vance Moore II, 55, of Raleigh, and Walter Netschi, 62, of McKinney, Texas, each face a charge of conspiracy to commit wire fraud and nine counts of wire fraud. Authorities said they told investors that they were investing in thousands of automated teller machines that in fact were never purchased, federal authorities said Monday.

A private forecast of economic activity rose in August for the fifth straight month, the latest sign the recession has ended. The Conference's Board leading indicators point to an economy on solid ground early next year, though some analysts caution that a rising unemployment rate will restrain growth.

Two men are charged in New York with an $80 million Ponzi scheme involving an automated teller machine business, federal authorities said Monday.

Dell Inc. will spend $3.9 billion for the technology services company Perot Systems Corp. in an attempt to expand beyond the PC business and compete more aggressively with Hewlett-Packard Co. - which recently bought another tech-services company founded by H. Ross Perot.

Despite predictions the Great Recession is running out of steam, the House is taking up emergency legislation this week to help the millions of Americans who see no immediate end to their economic miseries.

Prices for commercial real estate suffered steep declines in July and the volume of transactions remained low, according to a report issued Monday by Moody's Investors Service.

North Carolina's state employee health plan got out of a deep hole last spring thanks to a $250 million cash injection from the state's rainy-day reserves, followed by higher dependent premiums and more out-of-pocket expenses for everyone.

As Talecris Biotherapeutics prepares to test the waters on Wall Street, its top executives will be watching others who dive in first.

A Raleigh technology venture trying to make a name for itself in the Smart Grid arena says its software can cut customers' electricity costs by 20 percent on average.