October 2015

Upwardly mobile

The North Carolina 100: Grant Thornton ranks the state's largest private companies.


Purple daze

Spurned by bigger football conferences, nothing comes easy at ECU. Ruffin McNeill is making the most of that underdog status.

ECU football

Rejuvenating revenue

Spas and retreat centers profit from stressed-out professionals seeking wellness, relaxation.

Spas & Retreats

Miracle on the Haw

Controlled by the Jordan family since 1927, Saxapahaw shifts from a mill village to a mix of urban cool and small-town spirit.

Town Square

Latest Blog Posts

Greg Brown named to lead Kenan Institute of Private Enterprise

PRESS RELEASE - Oct 06, 2015 - 11:45:00 am

UNC Chapel Hill named finance professor Greg Brown director of the Frank Hawkins Kenan Institute of Private Enterprise, one of the more high-profile jobs at the university. He is an expert on financial risk. In addition to his academic work, Brown is a managing director at Durham-based Amundi Smith Breeden Associates. That firm is owned by France's Amundi, which manages more than $1 trillion.

Wake Forest Medical Center seeking $350 million in capital drive

PRESS RELEASE - Oct 02, 2015 - 11:00:00 am

Wake Forest Baptist Medical Center, having quietly raised $212 million in a capital campaign, plans to raise another $138 million in a public phase. The purpose is to continue the center's growth in Winston-Salem. Former RJR Reynolds CEO Jim Johnston is leading the effort, which is part of an overall $1 billion campaign coordinated by Wake Forest University.

Special Reports and Publications

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.

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.

Energy Round Table: Powering change

N.C. companies tackle energy-industry issues including developing storage, neutralizing waste and integrating renewables.

Top 75 Public Companies

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

Business and Education Round Table

NC must invest in science and technology education to build a stronger, more capable workforce.

Daily Digest

Carlyle Group CEO gives $25M for Duke arts center

(The News & Observer, Raleigh)

David Rubenstein, co-founder of Washington, D.C.-based investment firm The Carlyle Group, will give $25 million to Duke University for a new arts building. The 71,000-square-foot building, which has an overall price tag of $50 million, will include theaters, studios, offices and classrooms. A 1970 Duke graduate, Rubenstein is chairman of the university's board of trustees.

Report: US furniture industry improving, imports still strong

(Winston-Salem Journal)

While the top U.S. furniture makers saw shipments grow by an average of 5.7% from 2013 to 2014, foreign imports rose 8%, according to a report by Greensboro-based Anderson Bauman Tourtellot Vos. Affluent consumers in particular are still interested in made-in-the-USA furniture, the study says, and U.S.-made upholstered furniture sales remain strong because of the ability to customize and distribute products quickly.

Morrisville medical-device company to be bought for $149M

(The News & Observer, Raleigh)

Ohio-base AtriCure will acquire privately held nContact in a cash and stock deal valued at up to $149 million. Both companies are developing treatments for atrial fibrillation, an irregular heart rate that can cause poor blood flow and lead to complications including stroke.

Tennessee bank completes purchase of Raleigh's TrustAtlantic Bank

(Winston-Salem Journal)

Memphis-based First Horizon National, the parent company of First Tennessee Bank, has completed its $80 million acquisition of Raleigh-based TrustAtlantic Financial. TrustAtlantic's five branches will operate as First Tennessee Bank beginning Oct. 19.

Late bill designed to counter local fracking bans

(Winston-Salem Journal)

One of the last bills approved last week by state legislators includes a provision aimed at stopping local governments from placing restrictions on fracking. Anson, Chatham and Stokes counties have passed ordinances against the practice; Lee County also plans to have a draft moratorium drawn up.

Investors say Pittenger still involved in land deals

(The Charlotte Observer)

Some investors who have bought property through the land-acquisition business founded by U.S. Rep. Robert Pittenger say the congressman still plays an active role in the company despite ethics rules prohibiting his involvement. A spokesman said Pittenger and his staff routinely check with Ethics members to ensure compliance with rules and regulations.

McCrory issues state of emergency as Joaquin approaches

Gov. Pat McCrory declared a state of emergency for all 100 counties as Hurricane Joaquin approaches. The heaviest rain is expected overnight Friday into Saturday morning and severe flooding is likely.

Legislators adjourn, advocacy groups call for McCrory vetoes

(The News & Observer, Raleigh)

Wednesday's adjournment of the state legislature has left more than 30 bills on Gov. Pat McCrory's desk. If he doesn't issue any vetoes, lawmakers won't return to the state capital until April 25.

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Biomarine Business Convention

When: October 12-14

Where: Wilmington

BNC Pulse

Poll: Light rail Should the state help finance a light-rail line in Durham-Chapel Hill?  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.