The best way to jump start your business day.

Subscribe to the Daily Digest and get all of the latest business news from all around North Carolina straight to your inbox… for free!


Snyder’s-Lance may sell itself

Charlotte snack maker Snyder’s-Lance may sell itself. The company has hired an investment bank to consider a sale after an approach from Campbell’s Soup.

Former Cardinal Innovations leaders sue state

Former Cardinal Innovations Healthcare leaders are challenging the authority of the North Carolina Department of Health and Human Services’ to dismiss and replace Cardinal’s board. Those former leaders are suing over the issue. DHHS took over Cardinal’s oversight of mental health services in the region after the Cardinal board, responding to audits critical of the amount it paid top executives, dismissed CEO Richard Topping, but gave him a seven-figure severance package.

Former Buncombe County manager’s gift card purchases exceeded other NC counties

Wanda Greene, the former Buncombe County manager whose financial transactions are under scrutiny, may have ordered assistance to buy nearly $42,000 worth of gift cards, a practice that isn’t common for other North Carolina local governments. Greene “and others” are under investigation, according to the U.S. attorney’s office, though few details have emerged.

Stanley Black & Decker opening plant near Charlotte

Tool maker Stanley Black & Decker plans to open a manufacturing facility near Charlotte, in Fort Mill, S.C. The company will invest $31 million in the facility and plans to employ 500 people.

Bandwidth thrives in first post-IPO earnings report

Bandwidth CEO David Morken says his company’s first post-IPO earnings report shows the company’s strategy is working. The Voice over Internet Protocol company reported revenue increased to $41.3 million in the third quarter from $38.6 million during the same period in 2016. Gross profit also rose to $18.8 million from $17.1 million.

Raleigh startup makes baking for your dog easier

Raleigh entrepreneur Justin Miller, fresh off selling wedding photo sharing app company WedPics to a Silicon Valley firm, is back with a new venture to sell mixes for dogs cookies. Miller has teamed with Source3 founder Tom Miller. Source3 was sold to Facebook this summer.

Asheville’s oldest brewery embarking on rebranding push

Highland Brewing Company, Asheville’s oldest craft brewer, plans to introduce big changes. The company will retire the Scotsman on its labeling in favor of outdoorsy imagery including the Blue Ridge Mountains and clear messaging that Highland is Asheville’s “original craft brewery.”

Army announces SFAB activation at Fort Bragg

The Department of the Army will activate the second Security Force Assistance Brigade at Fort Bragg in January 2018. SFAB units conduct advise-and-assist operations with allies and partner nations. The activation will bring 800 additional soldiers to the Fayetteville installation.

Corning picks N.C. for expansion

Glass and ceramics manufacturer Corning will add 317 jobs in Durham County and another 111 in Edgecombe County as the company expands manufacturing in the state. The facilities will provide support for Valor Glass, which is used in the pharmaceutical industry. Corning will invest $189 million in its Durham site and another $86 million in Edgecombe. North Carolina approved incentives worth up to $3.2 million in Durham and $1.2 million in Edgecombe.

Virginia gives go-ahead to Atlantic Coast Pipeline

Virginia regulators have issued a water quality certification for the Atlantic Coast pipeline, leaving North Carolina as the only state that has not given permission for the pipeline from West Virginia to North Carolina. Duke Energy and Dominion Energy are building the pipeline to bring fracked natural gas from West Virginia to North Carolina. The N.C. Department of Environmental Quality is the only state department that has yet to give pipeline its approval. NCDEQ has made several requests for more information before it will approve of the project.

Contact Us

Questions or feedback? Drop us a message!

Start typing and press Enter to search