November 2015

Builders' best

The second annual Building North Carolina awards showcases the most compelling structures based on their design, innovation and community impact.

Building NC

High rise

Fred Klein emerged as a dominant Charlotte developer without calling attention to himself or his partnership team.

Fred Klein

Hot cider

With a new take on an ancient beverage, two Asheville friends brew up a business in North Carolina's apple country.

Noble Cider

Swindling seniors

Scams and deceits could cost North Carolina's elderly residents $100 million a year. Bankers and state officials are on the case.

Elder abuse

Latest Blog Posts

Timeline of the Duke-Piedmont Natural Gas merger

David Mildenberg - Nov 23, 2015 - 2:47:00 pm

CEOs Lynn Good of Duke Energy and Tom Skains of Piedmont Natural Gas agreed on the $6.7 billion merger of their two big utilities after about two months of dickering, spurred by the merger of two big utilities in Atlanta, a new regulatory filing by Piedmont shows.

UNC ranks 8th in R&D spending among U.S. universities

Press release - Nov 19, 2015 - 3:50:00 pm

UNC Chapel Hill spent $990 million on research and development efforts in 2014, more than all but seven other U.S. universities. About 60% came from federal government sources.

Special Reports and Publications

Cybersecurity Round Table: Digital disasters

Business North Carolina gathered a panel of cybersecurity experts to discuss how to recognize threats, protect data and react to a breach.

North Carolina Mid-Market Fast 40

Our annual list of the fastest-growing middle-market companies in the state.

Charlotte Region Round Table: Future focused

The Charlotte region is banking its past successes and looking toward the future by developing leadership and industries.

North Carolina Higher Education Directory

A comprehensive guide to higher education in the state, with information about North Carolina's public and private colleges, universities and community colleges.

Wake County Round Table: Rise to shine

Wake County uses its world-class educational, research and health care assets to solve the challenges that have come with its success.

Daily Digest

Florida bank to buy CommunityOne Bancorp for $350M

(The Charlotte Observer)

Capital Bank Financial Corp. will acquire Charlotte-based CommunityOne Bancorp for $350 million, pending regulatory approval. Capital Bank has $7.3 billion in assets with offices in the Carolinas, Tennessee and Virginia. Its banking operation is based in Raleigh. CommunityOne's assets total $2.4 billion.

Duke Energy wasn't Piedmont's only suitor

(The Charlotte Observer)

Charlotte-based Duke Energy outbid an unnamed company to buy Piedmont Natural Gas, according to securities filings Monday. The $6.7 billion deal, which includes $1.8 billion in debt, was negotiated within a window of about two months and appears to have been spurred by Atlanta-based Southern Co.'s plans to buy AGL Resources for $8 billion.

Health insurers owe NC customers $8.5M in refunds


Insurance companies who failed to meet Affordable Care Act requirements must pay $8.5 million in refunds to customers in North Carolina, Insurance Commissioner Wayne Goodwin said Monday. United Healthcare owes the most – nearly $4.9 million – for failing to meet guidelines that require insurers to spend at least 80% of premium revenue on claims and improving health care quality.

Foreclosure sale of Wilmington mall delayed again

(StarNews, Wilmington)

The public auction of Independence Mall in Wilmington was rescheduled for Dec. 22, marking the third time the foreclosure sale has been delayed. Centro Independence, the mall's owner, defaulted on a $110 million loan.

NC's chief information officer resigns post

(The News & Observer, Raleigh)

A month after his Office of Information Technology became a cabinet-level department, Chris Estes says he is returning to work in the private sector. Estes will return to PricewaterhouseCoopers, where he worked in the 2000s. He has served as the state's chief information officer since January 2013.

NC pension fund posts 3Q loss

(The News & Observer, Raleigh)

The North Carolina pension fund fell 3.7% in the third quarter. The fund is down one-half percent over the last 12 months but has gained 7% over the last five years. The fund's stock portfolio, which accounts for 41% of total investments, fell 9.2% in the third quarter while investment-grade bonds, accounting for 30% of investments, rose 1.3%.

NC leaders united in stance on refugees

(The News & Observer, Raleigh)

Leaders from both political parties stand behind Gov. Pat McCrory's request to President Obama to stop sending Syrian refugees to North Carolina. Attorney General Roy Cooper, a Democrat, also said he wants to "pause refugee entries" to ensure they are properly screened.
Also: Democrats blast Roy Cooper for comments on Syrian refugees

UNC board faces lawmakers on chancellor pay raises, open meetings

(The News & Observer, Raleigh)

Lou Bissette, vice chairman of the UNC Board of Governors, said Wednesday the board made a mistake when it did not immediately disclose pay raises for 12 university system chancellors last month.

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BNC Pulse

Poll: Landing an automaker Will North Carolina attract a major auto manufacturer within the next five years?  Yes  No

N.C. Family Business of the Year Winners