August 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

Home again

Homer Wright built the top-selling Carolina coastal community - then moved back to Eden.

Home again

Latest Blog Posts

Canadian manufacturer bringing 68 jobs to Scotland County

By Cathy Martin - Aug 18, 2014 - 4:00:00 pm

Cascades Tissue Group will invest $62 million and create 68  jobs in a manufacturing plant in Scotland County, which had the highest unemployment rate in North Carolina in June at 12.1%.

Best-performing N.C. stocks

By David Mildenberg - Aug 15, 2014 - 4:00:00 pm

The best North Carolina-based stocks to own over the past five years were mostly companies in traditional, less-than-sexy industries, according to Business North Carolina’s annual ranking of the Top 75 public companies in the state.

Special Reports and Publications

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.

Energy Round Table: Flipping the Switch

Renewables have shown their importance to the N.C. energy industry, but their growth requires clearer policies and better technology.

The Annual Checkup

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

Daily Digest

SunTrust expands size of Charlotte office

(The Charlotte Observer)

SunTrust Bank will increase the size of its planned regional headquarters in Charlotte by 19,000 square feet. The Atlanta-based bank will occupy space on four of five floors of a new 105,300-square-foot SouthPark building scheduled to open this fall.

Four Oaks Bank raises $24 million through stock offering

(The News & Observer, Raleigh)

Four Oaks Bank raised $24 million in a common stock offering priced at $1 per share. The Johnston County bank says the new capital will help it comply with a 2011 agreement with state and federal regulators and will allow it to expand its loan portfolio.

Icahn continues attack on Family Dollar

(The Charlotte Observer)

Investor Carl Icahn criticized Matthews-based Family Dollar Stores for not being more aggressive in pursuing a deal with Dollar General, and said the board has been too concerned with protecting CEO Howard Levine, son of the retail company's founder Leon Levine (NCTrend, July).

Moore County delays agreement on 3,000-acre megapark

(The Fayetteville Observer)

Moore County commissioners decided to delay an agreement with Montgomery County on a 3,000-acre industrial park. County leaders say they support the project but want to simplify the terms of the agreement. Two-thirds of the proposed site is in Moore County.

Legislators compromise on coal-ash bill

(The Charlotte Observer)

State legislators could vote as early as Wednesday on a bill that would require Duke Energy to remove coal ash from four power plants. Storage ponds at other coal-fired power plants could be capped without removing ash, provided the state Department of Environment and Natural Resources finds that the ash will not contaminate groundwater (cover story, April).

NC House defeats sales tax, incentives bill

(The Charlotte Observer)

The N.C. House voted against a bill that would have created a $20 million closing fund for corporate recruiting and that would have capped local sales taxes at 2.5%.

Mark Martin named chief justice of NC Supreme Court

(The News & Observer, Raleigh)

Gov. Pat McCrory appointed Mark Martin chief justice of the N.C. Supreme Court. Martin, a Republican and senior associate justice since 2006, will replace Sarah Parker, who is retiring at the end of August, and will serve in the position for the next two months. He is seeking election to the seat in November.

New law requires 3-judge panel for constitutional cases

(The News & Observer, Raleigh)

A new state law will require a panel of three judges, appointed by the chief justice of the state Supreme Court, to preside over constitutional challenges to laws. The state legislature passed the law to prevent plaintiffs from shopping for judges who they believe are likely to block laws approved by legislators.

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North Carolina Conference on Education

North Carolina Vision 2030 – A Plan for Accelerating Job Growth & Securing North Carolina’s Future

August 14, Durham

Sponsored by the North Carolina Chamber

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.