July 2014

The Carolina way

To keep pace with universities among the most gifted, UNC steps up its fundraising with the well-heeled.

Cover Story

Nature gets nurtured

An herbal-supplement company in Brevard strives to make Mother Nature's best better.

Gaia Herbs

Catching a break

Lenders looked like losers when former NFL tight end Casey Crawford got in the mortgage game.

Movement Mortgage

The bull by the horns

When knocked down, Jerome Davis helped other Tar Heel cowboys mount up.

Davis Rodeo

Latest Blog Posts

BankNotes: Life after The Great Recession

By Scott Custer - Jul 22, 2014 - 6:20:00 pm

Scott Custer joins Business North Carolina as a contributor to the BankNotes blog. The president and CEO of Raleigh-based Yadkin Bank will write regular columns on community banking in North Carolina. His first focuses on the industry's altered landscape following The Great Recession.

New jobs for Charlotte, Oxford

By David Mildenberg - Jul 22, 2014 - 2:00:00 pm

Charlotte and Oxford attract about 400 jobs after two companies receive state incentives.

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

UNC Health Care poised for rebound in 2015

(The Herald-Sun, Durham)

The UNC Health Care board of directors expects the system will post a profit of $104 million for fiscal 2015. The hospital system, which includes eight medical centers, has projected a loss of $12.2 million for fiscal 2014, largely due to its investment in a new electronic health record system.

BB&T's second quarter profits down 22.3%

(Winston-Salem Journal)

BB&T Corp. reported net income of $425 million for the second quarter compared with $547 million for the same period a year ago. The 22.3% drop was due to mortgage- and tax-related charges totaling $88 million. 

Ackman says he can prove Herbalife is a pyramid scheme

(News & Record, Greensboro)

Hedge-fund manager Bill Ackman will hold a presentation Tuesday that he says will prove Los Angeles-based Herbalife is a fraud. The founder and CEO of Pershing Square Capital Management claims the vitamin company is a pyramid scheme. Herbalife is investing $130 million in a plant in Winston-Salem, where it plans to employ nearly 500 people by the end of 2015.

Facebook helping Rutherford County students get free Wi-Fi

(WRAL TechWire)

Students in Rutherford County will receive free Wi-Fi access at their homes through a pilot program sponsored by Facebook, PANGAEA Internet and local governments. Menlo Park, Calif.-based Facebook opened a data center in Forest City in 2010.

Homeowner's insurance companies 'bullying' customers to pay higher rates?

(WRAL.com)

North Carolina Insurance Commissioner Wayne Goodwin says insurance companies are charging higher homeowner's insurance rates than the maximum allowed by the state because companies believe the cap is too low. Goodwin says the law that allows insurance companies to raise homeowner's insurance rates by sending out "consent to rate" letters was intended for rare circumstances. 

Obama administration opens Eastern Seaboard to gas exploration

(WRAL.com)

President Obama will allow exploration for oil and gas beneath the ocean along the Eastern Seaboard. In a statement, Gov. Pat McCrory called the decision "an important step in the right direction toward more jobs for North Carolina and our country."

State Rep. Jim Fulghum dies at 70

(The News & Observer, Raleigh)

North Carolina Rep. Jim Fulghum, 70, died Saturday. The Wake County Republican was diagnosed with metastatic esophageal cancer three weeks before his death. A retired neurosurgeon, the Raleigh native was first elected to the House in 2012.

Director says NC lottery a moneymaker with room for growth

(The Daily Reflector, Greenville)

Alice Garland, executive director of the N.C. Education Lottery, says the decade-old lottery has room to grow, and was encouraged when Republican members of the state House recently proposed doubling its advertising budget. 

View All Events>>

Events

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: Summer spending A recent Gallup survey showed consumers are spending more this summer, but on basics such as gas, groceries and health care rather than leisure and travel. How much will you spend on travel and entertainment this summer compared with a year ago?  About the same  More  Less

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.