August 2015

Erskine's web

More than 20 years after leaving his investment bank, Erskine Bowles still influences dozens of former colleagues in the finance industry.

Bowles Hollowell

Premier position

As hospitals face pressure to trim costs while serving more patients, Susan DeVore preps her purchasing group to make the process hum.

Premier

Lumber thrills

Fair Bluff thinks slicker marketing of its tasty watermelons can sweeten long-term prospects for the small river town.

TownSquare

Tough climb

Economic-development prospects for North Carolina's mountain region face steeper odds as the state shifts its industry-recruitment strategy.

Western NC

Latest Blog Posts

Charlotte snags corporate HQ from Louisiana

By David Mildenberg - Aug 25, 2015 - 2:00:00 pm

Albemarle Corporation, a Louisiana-based chemical manufacturer with a market value of $4.9 billion, is moving its headquarters to Charlotte from Baton Rouge, La. The deal will add 120 new jobs by 2016 for Charlotte, which is becoming a magnet for corporate headquarters. Pay will average more than $160,000 annually.

BNC Bancorp Buys Charleston, S.C.-area bank

By David Mildenberg - Aug 14, 2015 - 5:25:00 pm

BNC Bancorp of High Point buys its second Charleston, S.C.-area bank in the past year, offering $95.5 million for Southcoast Community Bank. It continues the aggressive expansion approach of BNC CEO Rick Callicutt.

Special Reports and Publications

Energy Round Table: Powering change

N.C. companies tackle energy-industry issues including developing storage, neutralizing waste and integrating renewables.

Top 75 Public Companies

Investors show an appetite for companies on our list of the Top 75 publicly traded based in North Carolina.

Business and Education Round Table

NC must invest in science and technology education to build a stronger, more capable workforce.

2015 Financial 100

NC banks and credit unions report big profit gains after working through most recession-era troubled loans.

Cash crop

From biotechnology to education, NC's agricultural leaders seek ways to keep the industry strong.

Daily Digest

Mayne Pharma plans $65M expansion, 110 jobs in Greenville

(The News & Observer, Raleigh)

Mayne Pharma plans to invest $65 million in a manufacturing plant and add 110 jobs to its existing 350 in Greenville. Average annual salary will be $60,000. The Australian drugmaker acquired Greenville-based Metrics in 2012. Mayne's products include treatments for acne, fungal infections and bacterial infections. The new plant will also provide contract-manufacturing services.

Bissell plans 10-story spec building in Charlotte's Ballantyne

(The Charlotte Observer)

The Bissell Corporation plans to build a 10-story, 287,500-square-foot office building in Charlotte's Ballantyne area, which is almost 95% occupied. Construction could start as early as next week and should be complete by November 2016. A 150-room hotel is also planned.

LabCorp ordered to pay part of $50M fine

(The Times News, Burlington)

A Washington state court ruled this week that LabCorp and Valley Medical Center near Seattle must pay $50 million to a Washington couple whose son was born with birth defects. A subsidiary of the Burlington-based company processed a test designed to detect a rare genetic disorder during pregnancy, but the couple said the doctor who submitted the results did not include important family history information.

Wilmington's Live Oak Bank adds new lending niche

(Greater Wilmington Business Journal)

Live Oak Bank, named the best bank to work for by American Banker magazine, will begin offering SBA loans to independent insurance agents. The Wilmington-based lender raised about $82 million in its public debut in July.

Budget deadline extended to Sept. 18

(The News & Observer, Raleigh)

State lawmakers have moved the budget deadline to Sept. 18, the third extension this year. Key education issues include funding for teacher assistants and driver education. Aside from the budget agreement, legislators have yet to tackle Medicaid reform, transportation and infrastructure bonds and business incentives.

State employees to receive one-time bonuses

(The News & Observer, Raleigh)

Teachers and other state employees will receive $750 bonuses this year under a compromise reached between the two legislative chambers. House leaders had pushed for an increase in base pay that would carry over into next year. Lawmakers continue to work out other details of the proposed $21.7 billion state budget.

Budget talks to extend into September; Johnston County awaits jobs announcement

(WRAL.com)

Gov. Pat McCrory will be in Johnston County this afternoon, where he is expected to make a major jobs announcement. Meanwhile, state lawmakers still haven't reached a budget agreement and plan to introduce their third temporary spending measure this year, which would keep the government operating through Sept. 15.

State lawmakers likely to miss Aug. 31 budget deadline

(WRAL.com)

N.C. Sen. Tom Apodaca said Monday the state legislature will need another deadline extension to settle on a budget plan. The budget was 55 days overdue as of Monday, and lawmakers have already extended the deadline twice. Officials estimate the cost of each day of the legislative session at about $42,000. Legislators have worked 27 days since the fiscal year ended June 30.

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BNC Pulse

Poll: Sales tax schism Do you support a Senate budget proposal that would give sales tax revenue to counties based on population, rather than where goods and services are purchased?  Yes  No

N.C. Family Business of the Year Winners

Schiffman's Jeweler's, K&W Cafeterias, Rose Chauffeured Transportation and Carolina Management Team have been recognized by the Wake Forest University Family Business Center and Business North Carolina with the 2014 North Carolina Family Business of the Year Awards.