September 2015

Hunger gains

Gaurav Patel, 32, wastes no time developing a lineup of trendy Triangle restaurants.

G Patel

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

Bullish on the sock market

Marty Nester spins U.S.-made hosiery targeted at bikers, hikers and other thrill-seekers.

Farm to Feet

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

Too many schools are flunking

By David Mildenberg - Sep 03, 2015 - 10:00:00 am

A Charlotte middle school received an F grade under the state of North Carolina's grading system, joining the 30% of state public schools earning D or F marks. It's a troubling trend.

Salisbury adds fast Internet service

By PRESS RELEASE - Sep 03, 2015 - 9:45:00 am

Salisbury claims new municipal service makes it the first U.S. city to offer 10-gigabit service in every part of the community. The service is provided through a municipally owned company, Fibrant.

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

Jeld-Wen acquires Australian company ahead of IPO

(The Charlotte Observer)

Jeld-Wen will acquire Aneeta Window Systems, an Australian company, for an undisclosed amount. The door- and window-maker, which recently moved its headquarters from Oregon to Charlotte, said last month it was buying a Norwegian wooden-door manufacturer. The Wall Street Journal reported in August that Jeld-Wen is preparing for an initial public offering that could value the company at $4 billion.

BofA moving downtown Raleigh workers to North Hills

(The News & Observer, Raleigh)

Bank of America will lease 57,000 square feet of a new 18-story office tower in Raleigh's North Hills. The 300,000-square-foot building, which will be called Bank of America Tower, is being developed by Kane Realty and KBS Realty Advisors and is expected to open in the first quarter of 2016.

Airbnb reporting leads to spike in Buncombe County travel sales

(Asheville Citizen-Times)

Local online travel company sales for Buncombe County jumped from $344,177 in May to $1.4 million in June, the same month Airbnb began reporting sales to the county tax department. The San Francisco-based company allows homeowners to rent out their properties to travelers on a short-term basis.

Lawsuit alleges hospitals cheated Medicare by inflating costs

(The News & Observer, Raleigh)

A former hospital employee contends that Carolinas Medical Center and N.C. Baptist Hospital collected tens of millions of Medicare dollars by overstating costs. Joe Vincoli, a former manager at N.C. Baptist Hospital, says the hospitals failed to report they were co-owners of a benefits company, artificially inflating benefit expenses which led to greater Medicare reimbursements. The U.S. Justice Department decided earlier this month not to join the case.

NC test scores show little improvement

(The News & Observer, Raleigh)

Student scores on state standardized tests remain relatively unchanged from the year before, according to new data that was just released for the 2014-15 academic year. A News & Observer analysis shows 72% of schools received a grade of C or better based on their scores. About 88% of the schools receiving Ds and Fs were high-poverty schools.

Legislators seek to expand construction of jetties

(The Daily Reflector)

Some Republican legislators are trying to expand the number of erosion-controlling jetties that can be built along the North Carolina coast. A 2011 law ended a 25-year ban on jetties, also called terminal groins. Four communities – Bald Head Island, Figure Eight Island, Holden Beach and Ocean Isle Beach – are seeking to add jetties to protect coastal properties.

House negotiators find fault with Senate budget compromise

(WRAL.com)

N.C. House budget negotiators aren't satisfied with a Senate budget proposal that restricts school districts' spending flexibility despite offering continued funding for teacher assistants and driver's education programs. Gov. Pat McCrory doesn't like it either.

Senate deal would keep driver's ed, teacher assistants

(The News & Observer, Raleigh)

Budget negotiators for the state Senate say they will keep funding for teacher assistants and driver's education if the House will make other concessions in the education portion of the budget. Programs likely to be cut from the House proposal include a $12 million Internet connectivity initiative and bonuses for Advanced Placement and International Baccalaureate teachers whose students score well on tests.

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BNC Pulse

Poll: Belk buyout Do you think Belk\'s sale to Sycamore Partners will result in store closures in NC?  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.