September 2014

The suitcase CEO

How N.C. can Extended Stay America be when CEO Jim Donald lives in Washington state?

Cover Story

Life shucks

A money manager forsakes a career in high finance to spend his days wading in the muck as an oyster farmer.

Life shucks

Tower of power

The landmark Reynolds building is the latest piece of the tobacco empire developers want to renovate.

Tower of power

Top 75 public companies

Bank of America tops our annual list, which includes 10 newcomers this year.

Top 75

Latest Blog Posts

Are State Treasurer Cowell and the Bowles too cuddly?

By David Mildenberg - Aug 26, 2014 - 6:00:00 pm

North Carolina's $90 billion pension fund and the state treasurer's ties to Erskine and Crandall Bowles draw criticism.

Fayetteville's recovery from recession among fastest in U.S.

By Cathy Martin - Aug 26, 2014 - 5:00:00 pm

Fayetteville has recovered quickly since the Great Recession, buoyed by military base expansion.

Special Reports and Publications

Top 75 Public Companies

Investors show an appetite for companies on our list of the Top 75 publicly traded based in North Carolina.

Research North Carolina

The concepts, processes and technologies created in North Carolina's private and public institutions are laying the groundwork for economic success in our state.

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.

Daily Digest

Dollar General raises bid for Family Dollar to $9.1 billion

(The Charlotte Observer)

Dollar General has raised its bid for Matthews-based Family Dollar Stores to $9.1 billion and has offered to pay a reverse-termination fee if the deal falls through due to antitrust concerns. Based on its latest offer, the Goodlettsville, Tenn.-based retailer would pay $80 a share, higher than its original bid of $78.50 a share and Dollar Tree's $74.50 a share bid. 

Performance Fibers to lay off 200 at Chatham County plant

(Winston-Salem Journal)

Performance Fibers will close its plant in Moncure by Oct. 27, laying off about 200 workers. About 60 affected employees could relocate to a Salisbury plant. The Huntersville-based company makes industrial fibers for for use in products including seat belts and tires.

Credit unions use lottery programs to encourage people to save

(The New York Times)

Seven credit unions in North Carolina are among 62 in the U.S. that have begun offering Save to Win, a prize-linked savings account program that treats deposits like lottery tickets. For every $25 a member puts into their account, they are entered into a monthly lottery.

Construction ramps up on $1.1 billion Charlotte light-rail extension

(The Charlotte Observer)

City officials say a 9.3-mile extension of Charlotte's Blue Line light rail, expected to open in 2017, will generate 10,000 housing units, four million square feet of office space and 1.3 million square feet of retail. The new corridor will extend north from uptown to UNC Charlotte.

Finance industry PACs support Hagan

(The Charlotte Observer)

A tally of campaign contributions in the North Carolina Senate race shows that incumbent Sen. Kay Hagan has received $962,000 from finance industry PACs since 2008, more than her Republican opponent Thom Tillis.

DENR refutes claims over coal-ash ponds

(News & Record, Greensboro)

The N.C. Department of Environment and Natural Resources denied environmentalists' claims that the agency hasn't been enforcing the federal Clean Water Act at Duke Energy's coal-ash ponds at its power plants in Chatham, Rowan and Wayne counties.

Wilson asks FCC for permission to expand municipal Internet service

(The News & Observer, Raleigh)

Wilson is asking the Federal Communications Commission to override North Carolina's telecommunications law and allow it to expand its Greenlight high-speed Internet service to nearby communities. The city wants to expand the service to about 7,600 households in Wilson County and about 1,000 households in neighboring counties.

Southeastern NC legislators frustrated after short session

(StarNews, Wilmington)

Legislators from Southeastern N.C. left the General Assembly's short session frustrated as film incentives were significantly reduced and prospects of gaining more than 1,000 jobs and a proposed tire plant were diminished when legislators voted against establishing a $20 million "closing fund" for corporate recruiting.

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Events

Small Business Seminars

Sponsored by the North Carolina Department of Revenue

Keys to Success Workshop (Charlotte, Elizabeth City, Fayetteville, Greensboro, Hickory, Raleigh, Wilmington, Winston Salem)

Taxpayers will participate in hands on activities while learning their basic business requirements for the North Carolina Department of Revenue.

 

Various dates and times from June 19- August 28.

BNC Pulse

Poll: O'Bannon opinion Do you agree with a federal judge's ruling that the NCAA must allow student athletes to receive some of the money generated from sales of video games and other products that use their names or images?  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.