April 2014

Heart of coal

Ashes of what made Duke Energy so powerful now smudge its reputation.

Cover Story

Business with pleasure

The governor calls on the state's best courses to help him court commerce. Here's a list of the best in the state.

Feature

Skins game

Harold Varner takes aim at becoming one of the rarest things in golf — a black pro.

Feature

Just for Clicks

Best places to own a home in NC, and BJ Leiderman composes a theme song for BNC.

Just for Clicks

NC Trend

N.C. Employment

The North Carolina unemployment rate fell to 6.3% in March, down from 6.4% in February. The U.S. rate remained at 6.7%.

N.C. Employment

Special Reports and Publications

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.

N.C. Mid-Market Fast 40

Nominate a company for our annual list of the fastest-growing middle-market companies in the state.

Small Business of the Year

2014 is the 19th year Business North Carolina magazine will select a Small Business of the Year to honor the contributions these companies make to our state’s economy.

The Annual Checkup

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

Best Employers in North Carolina

The state's best employers don't give their workers everything; they give them the right things.

Daily Digest

Novozymes to hire 100 at new Cary research center

(The News & Observer, Raleigh)

Danish biotech company Novozymes will hire 100 people at a new research and development center it plans to build in Cary. The company could receive up to $2.3 million in incentives if it meets hiring goals and invests at least $36 million in the new lab. Novozymes also will invest $30 million in upgrades at its North American headquarters in Franklinton.

FDA: Prohibit e-cigarette sales to minors, add health labels

(The Charlotte Observer)

The Food and Drug Administration will announce today a proposal to regulate electronic cigarettes that would prohibit sales to minors and require health labels stating that nicotine is addictive. The federal agency will not move immediately to ban flavored e-cigarettes – controversial because of their appeal to minors – or impose marketing regulations.

VantageSouth posts first quarter net income of $1.7 million

(The News & Observer, Raleigh)

VantageSouth Bancshares earned $1.7 million in the first quarter, compared with a net loss of $1.2 million a year ago. Chief Financial Officer Terry Earley said the bank's acquisition of East Carolina Bank, completed in April 2013, impacted its earnings profile.

Harris Teeter lowers prices after Kroger acquisition

(The Charlotte Observer)

Harris Teeter reduced prices on items in its grocery, perishable and organic foods departments at some stores as a result of its recent acquisition by Cincinnati-based Kroger Co. Harris Teeter, which has corporate offices in Matthews, was bought by Kroger for $2.5 billion in January.

Judge gives Durham, Guilford counties reprieve from teacher-tenure law

(The News & Observer, Raleigh)

In a lawsuit by school boards from Durham and Guilford counties, a Superior Court judge issued a preliminary injunction that puts state-mandated contracts that eliminate teacher tenure on hold. The two school boards say a law – passed last year by the state General Assembly – eliminating all teacher tenure by 2018 is unconstitutional.

SEANC issues harsh report on handling of state pension fund

(The News & Observer, Raleigh)

A 147-page report commissioned by the State Employees Association of North Carolina claims state Treasurer Janet Cowell may have mismanaged the state's $87 billion pension fund. The report says Cowell hid $30 billion in investments from the public and may have violated numerous state and federal laws.

DHHS wants $12 million more in federal funding

(Winston-Salem Journal)

The N.C. Department of Health and Human Services has asked the U.S. Department of Agriculture for a $12 million budget increase to pay for costs related to its troubled food-stamp program.

Study reveals Duke's campaign contributions to McCrory

(The News & Observer, Raleigh)

A study by Montana-based National Institute on Money in State Politics shows Gov. Pat McCrory received $98,000 in campaign contributions from former employer Duke Energy from 2000-2012, including $16,000 from the utility's PAC and $82,000 from executives.

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Events

NCTA Synthesis@Moogfest

April 25-26, Asheville

NCTA is partnering to bring a tech demonstration and expo component to Moogfest. Synthesis@Moogfest will give tech companies with a headquarters or presence in N.C. the opportunity to showcase their cutting-edge products to the thousands of festival attendees.  This is also a great opportunity to interact with potential job seekers.

BNC Pulse

Poll: Early voting The state's new voting law reduces the number of days for early voting from 17 to 10. Do you agree with the change?  Yes  No

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