Article Title Issue

Out of order

Weststar Financial Services Corp. tried hard to put a happy face on Buddy Greenwood’s retirement as CEO of it and its lone subsidiary, Bank of Asheville.

United we stand

At first glance, the proposed merger of FNB United Corp. and Bank of Granite Corp. looks like a bad match.

Hot stocks for 2011

Business North Carolina celebrates its 30th anniversary this year, and it’s been almost that long — since the January 1983 issue — that we’ve been polling the pros, asking some of the state’s top stock pickers to select the North Carolina companies whose shares they think will be the best performers in the year ahead.


Time, after time

So the crystal ball is as cloudy as ever,” the story concluded, referring to the future of this magazine.

Taking the reward out of risk

Lately, I’ve been reading much about the “equity premium” — that extra bump in return you enjoy from investing in the stock market, where there is risk, rather than investing in government bonds and such, where there’s almost none.

Take on responsibility

In the business world, “socially responsible” is fast becoming what “low fat” is to potato chip makers: a suggestion of goodness, a whiff of virtue and a declaration of commitment to the values of its customers (who may not exactly go around preaching, or even living, those values but surely appreciate goodness by association).

Top 75 public companies

Gradually, it seemed, prosperity was taking hold.


What was it Deep Throat said?

The awarding of Pulitzer Prizes tends to be, by design, a low-key affair.


Regional Report Charlotte January 2010

As quickly as it came, Charlotte’s claim to being the real headquarters of the nation’s 14th-largest bank holding company vanished.


With a side of business

Business people, if they were honest with themselves, would have to admit to being the biggest self-help junkies around.

Hot Stocks for 2009

Plenty of words come to mind to summarize the stock market last year. But which one does it best? “Brutal,” says Frank Jolley, president of Jolley Asset Management in Rocky Mount. “Unfortunate,” says John Woodard, president of Woodard & Company Asset Management Group in Advance. “Fascinating,” says Bobby Edgerton, president of Capital Investment Counsel in Raleigh and possibly a fugitive from the planet Vulcan.

Legal Elite - Bankruptcy

2009 Legal Elite winner: Bankruptcy - Holmes P. Harden, Williams Mullen, Raleigh

Legal Elite - Tax/Estate planning

2009 Legal Elite winner: Tax/Estate Planning - Christy Eve Reid, Robinson, Bradshaw & Hinson PA, Charlotte

Looking under the TARP

Having trouble figuring out the rhyme and reason buried within the federal government’s Troubled Asset Relief Program? Me, too.

To go boldly

As this is written on deadline, early one morning 13 days before Christmas, the Three Kings from Detroit have been told there is no room for them at the inn.

‘The tragedy of life is not that man Loses but that he almost Wins’

G. Kennedy Thompson, the small-town son of a North Carolina mill manager, ascended to the top ranks of America’s financial industry — and thus the world’s top ranks, considering that all currencies lead to Wall Street — only to fall to earth with the spectacular collapse of his bank.

He doesn’t take plastic

I wanted to see the Old West, but it looked as if my initial vista might be through the bars of a hoosegow. I’d rented a car through a travel agency in Charlotte, and in the Albuquerque airport, the unhappy man behind the Hertz counter explained: No credit card, no keys.

Regional Report Eastern December 2008

Eric Bergevin knows banking’s situation is grave, but he believes that makes it a good time to start a bank unencumbered with bad loans, ruptured mortgages and gummy liquidity.

Born to run

After my haircut, Hamp Dowdy would strop his razor — punctuated by a harrumph and spit of tobacco juice into his coffee can — and shave around my ears. Then he’d shake talc on a horsehair brush and swab my neck as if beating out a brushfire. My dad would squeeze his thick wallet out of his bib overalls and give the old barber a dollar. All of which helps explain why I just took part in a bank run.

Down for the count

A few blocks away, in an executive suite 40 floors above damp streets, Bob Steel starts another day as his company’s last best hope. Just two months ago, the Durham native and former Wall Street investment banker had been lured from the Treasury Department and given a task as daunting as this day: Fix Wachovia Corp., the nation’s fourth-largest bank holding company, whose home here, along with BofA’s, makes this the nation’s No. 2 money center.