June 2013

Worldly things

Sharon Decker, who left corporate life to be a minister, shepherds the Department of Commerce’s conversion.

Cover Story

Delivering the news

Warren Buffett buys newspapers in North Carolina because he thinks they can still turn a profit.

Feature

A sense of community

Rising on the Financial 100, VantageSouth bulks up small, weak banks by creating strength in numbers.

Financial 100

Feat of clay

Many historical landmarks, such as the Cape Hatteras Lighthouse, are made of Tar Heel brick. But the industry has changed greatly over the last five to 10 years

Photo feature

NC Trend

N.C. Employment

North Carolina's 9.2% unemployment rate in March continued to eclipse the nation.

N.C. Employment

Special Reports and Publications

N.C. Mid-Market Fast 40

A listing of some of the fastest-growing middle-market companies in the state. 2013 Nominations now being accepted.

Small Business of the Year

2013 marks the 18th year Business North Carolina magazine will choose a Small Business of the Year to honor the contributions small businesses make to our state’s economy.

NC's Best Golf Courses

For the sixth 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.

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.

North Carolina Economic Development Guide

The established source for of information for businesses considering expansion or relocation to North Carolina.

Daily Digest

Duke Energy names new CEO

(The Charlotte Observer)

Charlotte-based Duke Energy will promote Lynn Good from chief financial officer to CEO, effective July 1. She will take over the job from Jim Rogers, who will remain chairman until he retires at the end of the year.

Bill would roll back energy-efficiency standards for buildings

(The News & Observer, Raleigh)

A bill that advanced in a state Senate committee would loosen the energy-efficiency standards required for new commercial and office buildings. Supporters say the measure will lower the cost of construction, but opponents say it will result in higher energy costs going forward and make North Carolina trail behind other southeastern states.

Quintiles mostly rated favorably by analysts

(The News & Observer, Raleigh)

Thirteen analysts initiated coverage of Durham-based Quintiles -- the world's largest pharmaceutical-services company -- and mostly gave it favorable reviews, with seven rating it a "buy" and four rating it "neutral" or "hold."

Krispy Kreme CEO says doughnut-maker's focus is growing

(Winston-Salem Journal)

Krispy Kreme Doughnuts CEO Jim Morgan told investors at its annual shareholder meeting that the company is no longer a turnaround story, and it's focused on growing now. The doughnut-maker just recorded its third profitable year in a row.

Lawmakers step closer to raising maximum speed limit

(The News & Observer, Raleigh)

A bill that would let North Carolina raise its speed limit on highways to as high as 75 mph passed a House committee despite some worries that drivers will use the new rule to go upward of 85 mph on those stretches of road. The current maximum is 70 mph.

Perdue to start education-consulting firm

(The News & Observer, Raleigh)

Former Gov. Beverly Perdue will open an education-consulting business in Chapel Hill after completing her teaching fellowship at Harvard University's Kennedy School of Government. She is also working on a biography.

Former Gov. Holshouser dies

(The News & Observer, Raleigh)

Former Gov. Jim Holshouser, a Republican elected in 1972, died Monday after a long illness. The 78-year-old was known for helping the GOP reclaim political relevance and for establishing the UNC system Board of Governors.

New GOP majority tries to dismantle Democratic programs

(The News & Observer, Raleigh)

With Republicans controlling the legislature and governor's office for the first time since Reconstruction, GOP leaders are eliminating or cutting many Democratic-initiated policies this session, particularly in the realm of education.

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Events

NCTA Golf Tournament

 

Over 150 golfers gather for NCTA's "Captain's Choice" tournament.  Business and technology leaders across the state gather for a day of networking fun at one of NC's premier courses.

BNC Pulse

Weekly poll Should state lawmakers tax food and prescription drugs?  Yes  No  Unsure

Video

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