July 2014

The Carolina way

To keep pace with universities among the most gifted, UNC steps up its fundraising with the well-heeled.

Cover Story

Nature gets nurtured

An herbal-supplement company in Brevard strives to make Mother Nature's best better.

Gaia Herbs

Catching a break

Lenders looked like losers when former NFL tight end Casey Crawford got in the mortgage game.

Movement Mortgage

The bull by the horns

When knocked down, Jerome Davis helped other Tar Heel cowboys mount up.

Davis Rodeo

Latest Blog Posts

Why Laura Bowles chose Movement Mortgage

By Business NC - Jul 18, 2014 - 8:00:00 am

Laura Bowles had worked in senior consumer lending jobs at three big U.S. banks before joining Movement Mortgage LLC, a fast-growing Charlotte-based lender, as chief financial officer earlier this year. Here's why she took the job.

Five NC hospitals recognized among nation's best

By Cathy Martin - Jul 16, 2014 - 4:00:00 pm

Five North Carolina hospitals achieved national rankings in at least one specialty on U.S. News & World Report's 2014-15 list of top medical centers.

Special Reports and Publications

Financial 100

Community banks and credit unions show resilience as the battered economy regains strength.

The Law Journal

Top Tar Heel lawyers identify some of the most important issues impeding business in the state.

NC's Best Golf Courses

For the seventh consecutive year, the North Carolina Golf Panel is proud to partner with Business North Carolina in publishing rankings of the best golf courses in what we believe is the best state for golf.

Energy Round Table: Flipping the Switch

Renewables have shown their importance to the N.C. energy industry, but their growth requires clearer policies and better technology.

The Annual Checkup

Our 2014 list of the state's top hospitals, plus second opinions from other popular rankings.

Daily Digest

RJ Reynolds to fight $23.6 billion verdict

(The News & Observer, Raleigh)

R.J. Reynolds Tobacco Co. says it will appeal a verdict in a lawsuit that would require it to pay $23.6 billion in punitive damages to the widow of a smoker who died of lung cancer in 1996. A Florida jury awarded the damages on Friday, a day after Cynthia Robinson was awarded $16.8 million in compensatory damages.

Google Fiber team studying Charlotte proposal

(The Charlotte Observer)

Google is reviewing Charlotte's plan to bring its high-speed Google Fiber network to the city. Representatives from the Mountain View, Calif.-based tech company have been surveying land and have met with city planners to discuss permits. Google will announce by year-end whether it will build the network in Charlotte.

Bank of the Carolinas adopts poison pill to avoid hostile takeover

(Winston-Salem Journal)

Mocksville-based Bank of the Carolinas will adopt a poison pill strategy to prevent an unwanted takeover. The bank announced last week it had raised $45.8 million in private-equity funding.

Reactions mixed over proposed Cumberland County chicken plant

(The Fayetteville Observer)

Local opinions are split over a proposed Sanderson Farms chicken plant that would create more than 1,000 jobs in Cumberland County. While the jobs would significantly lower the county's unemployment rate, critics are concerned over potential effects on groundwater and the smell the plant would generate.

Obama administration opens Eastern Seaboard to gas exploration

(WRAL.com)

President Obama will allow exploration for oil and gas beneath the ocean along the Eastern Seaboard. In a statement, Gov. Pat McCrory called the decision "an important step in the right direction toward more jobs for North Carolina and our country."

State Rep. Jim Fulghum dies at 70

(The News & Observer, Raleigh)

North Carolina Rep. Jim Fulghum, 70, died Saturday. The Wake County Republican was diagnosed with metastatic esophageal cancer three weeks before his death. A retired neurosurgeon, the Raleigh native was first elected to the House in 2012.

Director says NC lottery a moneymaker with room for growth

(The Daily Reflector, Greenville)

Alice Garland, executive director of the N.C. Education Lottery, says the decade-old lottery has room to grow, and was encouraged when Republican members of the state House recently proposed doubling its advertising budget. 

NC Senate proposes creation of closing fund for jobs recruitment

(StarNews, Wilmington)

The state Senate proposed the establishment of a closing fund that could help North Carolina recruit large-scale economic development projects by allowing it to match incentives offered by other states. Commerce Secretary Sharon Decker said she expects the fund would need to be in the $20 million to $30 million range.

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Events

North Carolina Conference on Education

North Carolina Vision 2030 – A Plan for Accelerating Job Growth & Securing North Carolina’s Future

August 14, Durham

Sponsored by the North Carolina Chamber

BNC Pulse

Poll: Summer spending A recent Gallup survey showed consumers are spending more this summer, but on basics such as gas, groceries and health care rather than leisure and travel. How much will you spend on travel and entertainment this summer compared with a year ago?  About the same  More  Less

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.