July 2015

Staying on track

Scion of a North Carolina family with a century of real-estate history, Clay Grubb positions his company to profit from the young and restless.

Clay Grubb

Breaking up is hard to do

As they vie for an earth-shattering development, Triad leaders wonder if the benefits of regionalism have been oversold.

Triad

Animal magnetism

The North Carolina Zoo's beautiful beasts need constant care and, maybe, bond money.

NC Zoo

Heady ambition

Stitch Golf's leather head covers are scoring with U.S. and international golfers.

Stitch Golf

Latest Blog Posts

Coke Consolidated refreshes investors

By David Mildenberg - Jul 16, 2015 - 8:00:00 am

Charlotte-based Coca-Cola Bottling Co. Consolidated, though publicly held and the nation's largest independent bottler of Coca-Cola, has long operated under the radar. Now its growth prospects are raising attention among investors, and its stock has soared over the last year after years of flat performance.

McColl's PE firm buys Morrisville company

By David Mildenberg - Jul 07, 2015 - 12:30:00 pm

Falfurrias Capital Partners, a Charlotte-based private equity firm started by Hugh McColl Jr. and Marc Oken, said it bought a controlling interest in RegEd, a provider of compliance software for the financial-services industry that is based in Morrisville.

Special Reports and Publications

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.

NC's Best Golf Courses

For the eighth 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.

Biotechnology Round Table

North Carolina's biotechnology leaders look for ways to expand into the national biodefense sector.

Daily Digest

LabCorp posts strong 2Q results

(The Times News, Burlington)

LabCorp reported net income of $168.4 million for the second quarter, a 19% increase over $141.3 million the previous year. Revenue increased 46.3%, due in part to the Burlington-based company's $6 billion acquisition of New Jersey-based contract-research organization Covance.
Also: LabCorp names new executive vice president for Covance

Former CFCC president could face criminal investigation

(StarNews, Wilmington)

Former Cape Fear Community College president Ted Spring awarded raises and promotions without approval of the board of trustees and used at least $35,993 for personal expenses, according to a report by the N.C. Office of the State Auditor. Spring resigned abruptly in January, later demanded to be reinstated and filed a lawsuit against the school.

Citrix CEO to retire; company may spin off GoTo products

(The News & Observer, Raleigh)

Citrix Systems announced that CEO Mark Templeton will retire once a successor is named. Templeton has been CEO of the software company since 2001. Citrix, which employs about 600 in Raleigh, said it is considering a sale or spinoff of its GoTo products, including GoToMeeting, amid pressure from an activist investor.

NTE Energy breaks ground on Kings Mountain power plant

(The Shelby Star)

Florida-based NTE Energy broke ground Tuesday on a new natural-gas power plant in Kings Mountain. The plant is expected to be operational by the first quarter of 2018. The city expects to save between $7 million and $8 million a year by 2019 by purchasing energy from NTE.

Tata resigns as secretary of NCDOT

(The News & Observer, Raleigh)

N.C. Transportation Secretary Tony Tata resigned suddenly Tuesday after more than two years in the position. DOT chief deputy secretary and former Durham mayor Nick Tennyson will assume the role until a replacement is chosen. Tata's resignation comes amid Gov. Pat McCrory's push to promote a $3 billion bond package that would fund roads and other infrastructure improvements.
Related: A Tony Tata time line

State presents witnesses in elections law case

(The News & Observer, Raleigh)

Lawyers representing the state of North Carolina have begun presenting their case in a federal voting rights trial in Winston-Salem. State legislators claim 2013 changes to the elections law do not discriminate against minorities and younger voters. The case is expected to wrap up later this week.

Tension builds between McCrory and fellow Republicans

(Asheville Citizen-Times)

Gov. Pat McCrory's opposition to a Senate proposal that would shift sales tax revenue from urban counties to rural ones highlights the growing divide between the former Charlotte mayor and Senate Republicans, specifically those from less populous counties, including Sens. Tom Apodaca (R-Henderson County) and Harry Brown (R-Onslow).
Related: Fellow Republicans test Gov. Pat McCrory

NC Supreme Court rules in favor of school vouchers

(The News & Observer, Raleigh)

By a 4-3 vote that was split along party lines, the North Carolina Supreme Court ruled Thursday to uphold a school voucher program that provides low-income families up to $4,200 a year to send their children to private schools.

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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.