September 2015

Hunger gains

Gaurav Patel, 32, wastes no time developing a lineup of trendy Triangle restaurants.

G Patel

Premier position

As hospitals face pressure to trim costs while serving more patients, Susan DeVore preps her purchasing group to make the process hum.

Premier

Bullish on the sock market

Marty Nester spins U.S.-made hosiery targeted at bikers, hikers and other thrill-seekers.

Farm to Feet

Tough climb

Economic-development prospects for North Carolina's mountain region face steeper odds as the state shifts its industry-recruitment strategy.

Western NC

Latest Blog Posts

Qorvo's Chinese struggle

By Business NC - Sep 04, 2015 - 2:30:00 pm

Qorvo, the Greensboro-based company created this year after the merger of RF Micro Devices and Hillsboro, Ore.-based TriQuint Semiconductor, is trading for about 15% less than when the merger was completed in in January. China's slowing economy gets some of the blame.

5 NC cities picked for innovations program

By PRESS RELEASE - Sep 04, 2015 - 1:00:00 pm

Economic development programs in Asheville, Greensboro, Pembroke, Wilmington/Carolina Coast, and Wilson were picked to participate in InnovateNC, a two-year effort by the Institute for Emerging Issues at N.C. State University to promote innovation.

Special Reports and Publications

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.

2015 Financial 100

NC banks and credit unions report big profit gains after working through most recession-era troubled loans.

Cash crop

From biotechnology to education, NC's agricultural leaders seek ways to keep the industry strong.

Daily Digest

Former Food Lion CEO to lead The Fresh Market

(News & Record, Greensboro)

The Fresh Market named Richard "Rick" Anicetti president and CEO. Anicetti previously worked for Hannaford Brothers and Food Lion, where he was president and CEO for eight years. He replaces Craig Carlock, who left in January after six years as CEO. The Greensboro-based grocery chain has more than 160 stores in 27 states.

200 layoffs expected as Cornelius racing company closes

(The Charlotte Observer)

Michael Waltrip Racing will cease operations by April 15 and 217 workers will lose their jobs, according to a notice filed with the N.C. Commerce Department. The company, owned by Charlotte businessman Rob Kauffman, hasn't won a race in more than two years.

BB&T reaches settlement with NFL players

(Winston-Salem Journal)

BB&T has reached a settlement with 16 former and current NFL players over transactions made with BankAtlantic, a Florida bank BB&T acquired in July 2012. The lawsuit involved a special division of BankAtlantic that catered to athletes. The players claimed Pro Sports Financial opened accounts in their names using forged signatures and withdrew nearly $53 million without their knowledge or permission.

Salisbury launches 10-gigabit Internet service

(The Charlotte Observer)

Salisbury unveiled a 10-gigabit, municipal Internet service that will be available citywide, beginning with Catawba College. The college plans to enhance computer labs and add high-speed video conferencing throughout the campus.

Legislators want to tweak state driver's ed program

(The News & Observer, Raleigh)

State senators are looking to make changes to high school driver's education programs following a recent study that shows a lack of consistency in overseeing the programs. Also, budget negotiators say they are close to a resolution on funding for teacher assistants.

NC test scores show little improvement

(The News & Observer, Raleigh)

Student scores on state standardized tests remain relatively unchanged from the year before, according to new data that was just released for the 2014-15 academic year. A News & Observer analysis shows 72% of schools received a grade of C or better based on their scores. About 88% of the schools receiving Ds and Fs were high-poverty schools.

Legislators seek to expand construction of jetties

(The Daily Reflector)

Some Republican legislators are trying to expand the number of erosion-controlling jetties that can be built along the North Carolina coast. A 2011 law ended a 25-year ban on jetties, also called terminal groins. Four communities – Bald Head Island, Figure Eight Island, Holden Beach and Ocean Isle Beach – are seeking to add jetties to protect coastal properties.

House negotiators find fault with Senate budget compromise

(WRAL.com)

N.C. House budget negotiators aren't satisfied with a Senate budget proposal that restricts school districts' spending flexibility despite offering continued funding for teacher assistants and driver's education programs. Gov. Pat McCrory doesn't like it either.

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BNC Pulse

Poll: Belk buyout Do you think Belk\'s sale to Sycamore Partners will result in store closures in NC?  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.