May 2016

Road closure

North Carolina’s desire to save money on future highway projects has caused hardship for thousands.

Map Act

Courses of action

North Carolina Golf Panel’s top 100 courses.

Golf List

Pinehurst passion

Sweating the small stuff is all in a day’s work as President Tom Pashley pushes the world-famous golf resort to retain its edge.

Tom Pashley

Old-fashioned success

Gary Crunkleton’s craft cocktail bar in Chapel Hill suits his tastes — and he’s ready for another.

Crunkleton

Latest Blog Posts

How much NC bank CEOs get paid

David Mildenberg - Apr 27, 2016 - 4:15:00 pm

Wells Fargo's CEO makes about $20 million a year, while Bank of America's boss settles for about $15 million. Are they seven to 20 times more valuable than their North Carolina's bank peers?

Johnny Harris blasts HB2 as Tim Moore slams tech giants

David Mildenberg - Apr 26, 2016 - 9:30:00 am

Charlotte developer Johnny Harris told a reporter that North Carolina's HB2 is causing serious harm to the state's economy and threatens further disruption unless political leaders take action. House Speaker Tim Moore is unmoved and blames big companies for hypocrisy.  

Special Reports and Publications

Biotechnology Round Table

North Carolina’s reputation for research, workforce and quality of life attracts international biotechnology companies.

NC's Best Golf Courses

For the ninth 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.

Economic Forecast Round Table

The state's economy is expected to grow this year, though it will have to jump hurdles such as a strong dollar and an election.

The Legal Elite

Since 2002, Business North Carolina magazine has honored Tar Heel lawyers by publishing Business North Carolina's Legal Elite, a listing of the state's top lawyers in business-related categories.

On the move

From economic development to workforce, N.C.'s transportation industry keeps the state's economy rolling. A panel of transportation insiders discuss what the industry needs to keep chugging along.

Daily Digest

Duke president stepping down in 2017

(The News & Observer, Raleigh)

Duke University President Richard Brodhead will take a year's sabbatical then return to teaching and writing. He has led the university for 12 years. During his tenure, he has overseen more than $1 billion in construction projects and the opening of a new campus in China.

Ally's new general counsel to be based in Charlotte

(The Charlotte Observer)

Ally Financial named Scott Stengel, 44, its new general counsel. Nearly half of the Detroit-based lender's 16 top executives now will be based in Charlotte. The company's CEO, chief financial officer and chief compliance officer are already based in the Queen City. Stengel replaces William Solomon, who is based in Detroit and is retiring.

Hanesbrands appeases investors with 3-prong strategy

(Winston-Salem Journal)

Hanesbrands' shares had fallen to a 52-week low of $23.25 earlier this year, with investors wondering what the Winston-Salem company would do next. On Wednesday, the company announced its largest acquisition to date — it will pay $800 million for Pacific Brands of Australia — and approved a share repurchase authorization for up to 40 million shares. Its board also declared a first-quarter dividend of 11 cents a share.

Report: Ingram stepping down as chairman of Valeant

(WRAL TechWire)

Drugmaker Valeant's newly appointed CEO Joseph Papa is expected to assume the role of chairman, The Wall Street Journal reports. Current Chairman Bob Ingram is expected to give up his post as early as Friday. Ingram, a former CEO of Glaxo Wellcome and general partner at Durham-based Hatteras Venture Partners, has been chairman or lead director of the Quebec-based drugmaker since 2010.

Proposal to repeal HB2 sent to 'graveyard' of Senate

(The News & Observer, Raleigh)

A bill filed Wednesday that would repeal the state's controversial LGBT law has been sent to the Senate Ways and Means Committee — know as the graveyard of the Senate — which hasn't met in years. An identical proposal filed Monday by House Democrats was referred to the Judiciary IV Committee. That committee's co-chairmen will decide if it gets a hearing.
Related: March sadness: The NCAA adopted a nondiscrimination policy for cities wanting to host its games, meaning North Carolina could be shut out if HB2 stays

McCrory's budget includes 5% raise for teachers

(The News & Observer, Raleigh)

Gov. Pat McCrory's $22.8 million budget proposal would give state employees a one-time bonus averaging 3%. Teachers would get an average salary increase of 5%, bringing the average teacher pay to $50,000. The proposal also includes $21 million for salary increases for state troopers, law enforcement agents, prosecutors and public defenders. McCrory's budget reflects a 2.8% increase over the current fiscal year; Senate leaders are targeting a 2% increase.

NC to receive $45M in settlement with drug companies

(WRAL.com)

Drugmaker Pfizer will pay $784.6 million a national settlement over allegations that Wyeth, owned by Pfizer since 2009, underpaid Medicaid rebates. North Carolina will receive more than $45 million, Attorney General Roy Cooper said.

 

Apodaca: Voters should decide on HB2

(The News & Observer, Raleigh)

N.C. Senator Tom Apodaca told an Asheville TV station he thinks voters should decide on whether to keep the state's controversial LGBT law. "Let's put it on the ballot and get it over with once and for all," he said. The Hendersonville resident is chairman of the Senate Rules Committee and second-in-command to Senate leader Phil Berger.

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Events

NCTA New Member Breakfast (Triangle - Q2 2016)

Date: April 13, 2016
Time: 8:30 AM - 10:00 AM EDT

BNC Pulse

Congressional maps Are the state\'s new congressional district maps fairer than the previous ones?  Yes  No