ACA enrollment drops in NC

September 9, 2015

(The News & Observer, Raleigh)

The number of North Carolina residents receiving health care coverage under the Affordable Care Act dropped 6.6% from April through June 30. With 459,714 people signed up for the federal program, the state still ranks fourth in the nation in ACA enrollment, behind only California, Florida and Texas.

Moynihan has some powerful friends

September 9, 2015

Bank of America CEO Brian Moynihan's efforts to hang onto his chairman's title at the Charlotte-based bank received support Tuesday from Warren Buffet and C.D. "Dick" Spangler. Are the billionaires right?

Fountain becomes NC president of Duke Energy

September 9, 2015

(News & Record, Greensboro)

David Fountain last week assumed the role of president of Duke Energy's North Carolina operations, replacing Paul Newton, who retired. Fountain takes the reins as the Charlotte-based utility is in the midst of closing its 32 coal-ash storage ponds, a task that could cost as much as $10 billion.

Dimensional picks Charlotte site for East Coast headquarters

September 9, 2015

(The Charlotte Observer)

Dimensional Fund Advisors has picked a site in Charlotte's South End neighborhood for its East Coast headquarters. The Austin, Texas-based investment company plans to build a 250,000-square-foot building; Dimensional said in July it will create 316 jobs with average annual salaries of $147,025 by the end of 2020.

5 NC cities picked for statewide innovation program

September 8, 2015

(Greater Wilmington Business Journal)

Five North Carolina cities were chosen to participate in InnovateNC, a two-year collaborative project of the Institute for Emerging Issues at N.C. State University. Asheville, Greensboro, Pembroke, Wilmington and Wilson were selected from 18 proposals.

American Underground to open 3rd Durham location

September 8, 2015

(WRAL TechWire)

American Underground will open its third Durham campus in January. Renovations are underway at the 110-year-old Trust building, which will provide offices for 25 companies that have outgrown space at the startup hub's existing location across the street. Windsor Circle, a marketing software company, will occupy the top two floors of the five-story building.

Another adviser opposes BofA bylaw change

September 8, 2015

(The Charlotte Observer)

institutional Shareholder Services last week joined proxy adviser Glass Lewis & Co. in opposing a bylaw change that allowed Bank of America CEO Brian Moynihan to become chairman. Investors are scheduled to vote on the issue on Sept. 22 in Charlotte.

New Harrah's casino hopes to draw gamblers across state lines

September 8, 2015

(Rocky Mount Telegram)

The Cherokee tribe is hoping to lure more gamblers from Georgia and Tennessee when it opens a new, $110 million casino in Murphy on Sept. 28. The new location is about 60 miles southwest of the tribe's existing casino, which opened in 1997 and underwent a $650 expansion in 2012 ("Double down," June 2012).

Sutton switching roles at IMG College

September 8, 2015

(Winston-Salem Journal)

Jason Lublin will take over as president of IMG College, a sports-marketing company based in Winston-Salem. He replaces founder Ben Sutton, who will become chairman emeritus. Beverly Hills-based William Morris Endeavor Entertainment acquired IMG College's parent company in May 2014 ("Money baller," January).

Summer tourism strong for coastal businesses

September 8, 2015


Business owners along the North Carolina coast say the summer season was a strong one, with room occupancy rates up and tourists spending more in restaurants and gift shops.