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

Investors in Pittenger land firm agree to new management

(The Charlotte Observer)

Investors in U.S. Rep. Robert Pittenger's former real-estate company have agreed to forgo legal claims against the firm if it turns over control to Charlotte-based South Street Partners. The FBI and the IRS are examining whether the Charlotte Republican improperly transferred campaign money from Pittenger Land Investments in 2012; Pittenger has denied any wrongdoing.

Wake Forest Baptist completes Cornerstone acquisition

(Winston-Salem Journal)

Wake Forest Baptist Medical Center has completed its purchase of Cornerstone Health Care, the state's largest doctor-owned medical group. Terms of the deal were not disclosed. High Point-based Cornerstone, with more than 80 offices and 300 physicians in central N.C., will operate as a separate business unit.

Ackman tells Herbalife employees, 'Go find another job'

(Winston-Salem Journal)

Hedge-fund manager Bill Ackman continued his assault on Herbalife on CNBC Monday, advising employees to leave the company and find another job. The nutritional-products manufacturer employs more than 400 people at its Winston-Salem plant. Ackman has accused the company of operating as a pyramid scheme; despite his attacks, Herbalife's stock has risen more than 40% in the last year.

Entegra Financial hires former CertusBank exec

(American Banker)

The holding company for Franklin-based Entegra Bank named Lola Hart its chief accounting officer. Hart oversaw the liquidation of Greenville, S.C.-based CertusBank, which struggled financially after three executives were fired amid reports of excessive spending. Tim Strom, previously with Greer State Bank in South Carolina, was named director of mortgage lending.

McCrory loses round in suit over public records requests

(The News & Observer, Raleigh)

A superior court judge denied Gov. Pat McCrory's request to dismiss a complaint filed by several news organizations contending the state repeatedly delayed requests for public records. The lawsuit cites cases including a 2012 request by The Charlotte Observer for records from the Chief Medical Examiner's office. The request was filled only after a year's delay and threats of legal action. McCrory's team said it will appeal the ruling.

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

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Events

NCTA New Member Breakfast (Charlotte - Q2 2016)

Date: April 7, 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