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

Former GSK employees face layoffs at RTP

(WRAL TechWire)

Reports indicate up to 200 Parexel employees were laid off Wednesday, though the company would not confirm the cuts. The workers are former employees of GlaxoSmithKline, which said it in February it planned to transfer some of its workforce to the Boston-based life-sciences company.
Related: GSK shares rise after earnings beat estimates

Hanesbrands data breach affects 900,000

(Winston-Salem Journal)

Hanesbrands said about 900,000 online and telephone customers were affected by a data breach in June. A company spokesman said hackers accessed data including addresses, phone numbers and the last four digits of credit card numbers.

Red Ventures leases new space in Charlotte

(The Charlotte Observer)

Red Ventures has leased 97,599 square feet in the University area of Charlotte.The Indian Land, S.C.-based marketing company employs 400 at a nearby Charlotte location. The company announced earlier this month plans to hire 500 sales agents this summer; 40% of the jobs are expected to be in Charlotte.

Mergers boost 2Q results for First Citizens

(The News & Observer, Raleigh)

First Citizens BancShares reported a 67% increase in net income in the second quarter, from $26.7 million to $44.5 million. The Raleigh-based bank attributed the improved earnings to its acquisitions of South Carolina-based First Citizens Bancorporation and Trust and Atlanta-based Capitol City Bank and Trust.

Budget deal by Aug. 14 is unlikely

(The News & Observer, Raleigh)

Budget writers from the state House and Senate have yet to begin negotiations, indicating that it's unlikely they will reach a budget compromise by the Aug. 14 deadline. School districts have begun hiring teachers and assistants without knowing how much money they will have, according to Ed Dunlap, executive director of the N.C. School Boards Association.

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

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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.