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

Jim Blaine handing off top job at SECU

David Mildenberg - May 02, 2016 - 4:30:00 pm

Jim Blaine, one of the most important financial Jim Blaineexecutives in North Carolina over the past 40 years, is retiring as CEO of State Employees' Credit Union. The group grew by more than 100-fold during his tenure.

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?

Special Reports and Publications

2016 Best of Business

Cast your votes for the best companies to do business with in North Carolina.

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.

Daily Digest

Quintiles merging with IMS Health to form $17.6B company

(WRAL TechWire)

Durham-based contract-research organization Quintiles is merging with Danbury, Conn.-based IMS Health Holdings in a deal valued at $9 billion. The combined company will have a market value of nearly $18 billion. The new company will be called Quintiles IMS Holdings and will maintain dual headquarters. Quintiles CEO Tom Pike will become vice chairman of the new company.

Investments in renewables grew slower in 2015

(The News & Observer, Raleigh)

Utilities and other companies claimed $136.3 million in renewable-energy tax credits in 2015, slightly higher than the $126.7 million claimed in 2014, according to a report by the N.C. Department of Revenue. The amount had been doubling annually in recent years due to the state's mandate requiring utilities to purchase increasing amounts of renewable energy.
Related: Duke Energy subsidiary buys 6 NC solar farms

Raleigh drug developer files for Chapter 11 bankruptcy

(The News & Observer, Raleigh)

NephroGenex said Monday it has hired an investment banker to help sell its assets. The drug developer completed its initial public offering in February 2014 at $12 a share; its stock was trading at 18 cents a share on Monday afternoon. The company was in the midst of a restructuring and had been attempting to complete a reverse merger.

Economist: Port of Wilmington will benefit from Panama Canal widening

(Greater Wilmington Business Journal)

The Port of Wilmington needs to stay focused on accommodating growing demand for imports and exports within the state, PNC economist Mekael Teshome said in a report, rather than competing with larger ports. A widened Panama Canal is expected to open June 27. The N.C. State Ports Authority is investing $100 million at the port to accommodate more than one post-Panamax ship at a time.

Op-ed: Managed-care Medicaid program will be too costly for docs

(The News & Observer, Raleigh)

David Tayloe, a pediatrician from Goldsboro, says the General Assembly's Waiver Proposal, which would convert the state's Medicaid program to a for-profit managed-care system, will lead to high administrative costs for physicians. Providers will drop out of the program, Tayloe says, leaving patients without access to high-quality care.

Former US Rep. Robin Hayes to lead NC GOP after Harnett ouster

(The News & Observer, Raleigh)

Following months of accusations aimed at Chairman Hasan Harnett, the North Carolina Republican Party voted for his removal on Saturday. Former U.S. Rep. Robin Hayes of Concord will finish out Harnett's term. Hayes previously served as chairman from 2011 to 2013. Harnett, the state party's first black chairman, was accused of not raising enough money; lowering the party's convention fees, a moved opposed by other party leaders; and attempting to hack the party website.

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.

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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