Look for Toyota-Mazda to put their $1.6 billion assembly plant in North Carolina, not Alabama, a site selection consultant says.
Here are the major movers in the Capital Investment Cos./Nottingham Index of Carolinas-based public companies for the week ended Nov. 1o.
Former N.C. State Sen. Bob Rucho discusses the pending transaction between Carolinas HealthCare System and UNC Health Care. The two systems have combined revenue of nearly $14 billion.
The N.C. State Treasurer’s office plans to manage $12.5 billion of passive investments in U.S. stocks on its own, without relying on outside financial services companies.
It was a terrible week for several Carolinas-based stocks. Eight posted declines of 8% or more, including three with 20% collapses. The big winner was Alliance One International, which jumped 27%.
You oughta know Steven McGlothlin is business development director for Gerber Collision & Glass in the Southeast U.S. Market. Operating as Boyd in Canada and Gerber Collision & Glass in the U.S., the Elmhurst, Ill.-based company has 475 collision repair centers in 21 states and Canada. Opening his first auto body facility in 1979, Steve […]
The Holding family is still pressing KS Bancorp Chief Executive Officer Harold Keen to sell his bank based in Smithfield in Johnston County. We wrote this summer on the Raleigh-based banking family’s desire to buy KS for $35 a share, or about $46 million. KS said it wasn’t interested in the bid, which was 50% […]
So which leading liberal politician said this on a visit to the Charlotte area last Friday?
The stunning ascent of LendingTree continues as its quarterly earnings smashed expectations. Old Dominion Freight Line gained more than 10%. Tougher news came from Speedway Motorsports, which reported less profit and revenue than expected as demand for Nascar and other auto racing events remained sluggish. Here are the major movers in the Capital Investment Cos./Nottingham […]
You oughta know Jenni Harris is the Southeastern regional industry manager for the Economic Development Partnership of North Carolina. She is a senior level strategist and policy adviser for business and community development. Her collaborative initiatives have resulted in sustainable partnerships that improve education, entrepreneurship and industry relations. Jenni received her bachelor’s in professional and […]
Jacqueline Gaulin is the founder and CEO of Gastro Girl Inc., the creator of GI OnDemand, a virtual care and support platform for patients suffering with gastrointestinal health conditions such as irritable bowel syndrome and inflammatory bowel disease. Patients can access a network of digestive health experts including gastroenterologists, registered dietitians, psychologists and nurse health […]
Winston-Salem Chamber of Commerce hired a new president, Mark Owens, to succeed Gayle Anderson, who is departing at the end of the year after 21 years on the job.
This is a letter that Bandwidth Inc. CEO David Morken wrote for the company’s IPO prospectus, which was filed on Oct. 13. Dear Investors, Thank you for considering investing in Bandwidth. My name is David Morken and I’m the Cofounder, Chairman and CEO of our 338-person software company based near Research Triangle Park in Raleigh, […]
Patrick Long is a managing director at River Oak Risk LLC. He provides training to top-tier accountants, attorneys and wealth advisers on the proper formation of captive insurance. Patrick has presented to the North Carolina, South Carolina and Georgia bars, N.C. CPA Symposium, numerous CEO and CFO events, and to hundreds of firms in the […]
Charlotte's financial-services community raised a record $400,000 last night for seven local charities. "Banking on the Community" was started in 2012.
The amazing generosity of Porter Byrum, who gave more than $200 million to three N.C. universities.
Fast-growing middle-market companies make Top 40 list Forty North Carolina companies were honored on Monday, October 2, at Pinehurst Resort for being named to the 2017 N.C. Mid-Market Fast 40 list. Created by accounting firm Cherry Bekaert LLP and Business North Carolina magazine, the list ranks mid size companies based on revenue and employment growth. […]
The Standard & Poor’s 500 index and Dow Jones Industrial Average have risen for eight straight quarters, including small gains of less than 0.5% in the quarter ending Sept. 30. It’s the longest streak for the S&P 500 since 2013, while the gains are the longest for the Dow since 1997. The S&P 500 has […]
President Donald J. Trump is expected to return to North Carolina for his first visit since his 2016 election victory, appearing on Oct. 7 at a Republican National Committee fundraiser. Louis DeJoy is hosting the event at his Greensboro home, according to an invitation received by key party donors. Donations of at least $25,000 are […]
Ray Farris, a new member of North Carolina's Order of the Long Leaf Pine, is a former UNC System board member who is critical of the current board's actions.
Blue Cross and Blue Shield of North Carolina won another contract to administer medical claims for North Carolina’s 700,000-member State Health Plan, which spends $3.2 billion annually
Ingles Markets’ shares, which have been pounded over the last year over worries of stiffer competition, gained 7.5% last week. It wasn’t enough to rank among the top three performers among Carolinas-based stocks, but a good showing for the Black Mountain-based supermarket retailer in any case. Here are the major movers in the Capital Investment […]
The combination of Carolinas HealthCare and UNC Health Caredoesn’t involve any money changing hands. As the organizations push to close a deal by the end of the year, it’s clear that financial troubles aren’t forcing this transaction.
G1 Therapeutics is on fire with investors obviously excited about the company's anti-cancer drugs, soaring more than 30% last week.
Bottom fishing may be the story at ChannelAdvisor and Sonic Automotive, which shot up last week after trading at their lowest points in the last year. Here are the major movers in the Capital Investment Cos./Nottingham Index of Carolinas-based public companies for the week ended Sept. 1. The index includes companies with shares trading for […]
With summers seemingly getting hotter by the year, fixing AC systems surely ranks among the Carolinas’ best long-term business opportunities. Mike Fowler figured that out a long time ago and has built one of the largest HVAC companies in the Charlotte region. He expects consolidation will winnow the market from a couple hundred competitors to […]
Quintiles and G1 Therapeutics, both based in Durham, were the best performers last week among Carolinas-based stocks with shares of at least $10.
A 72-year-old who exudes the energy of a teenager, Alan Mulally fired up a Greensboro crowd last week with a talk suggesting he’s enjoying his post-Ford Motor Co. career. As keynote speaker at the Wyndham Tournament’s annual kickoff breakfast last week, Mulally explained how he led a turnaround at Ford between 2008-14. Short version: The […]
The overall U.S. stock market has set records for low volatility this year, but that doesn’t mean there’s not a huge churn among individual shares. More than 20 Carolinas-based stocks trading at $10 or more have declined by more than 10% in the last month, including a dozen that lost 15% or more. Meanwhile, only […]
North Carolina’s plan to provide hundreds of millions of dollars of job-related incentives to companies making multibillion-dollar plant expansions, is a game-changer, site-selection expert John Boyd says.
It was a crazy week for several Carolinas stocks, with seven sliding more than 10%, including Sonic Automotive, Triangle Capital and CommScope. But a grand slam for Denny’s, the best performer in the Capital Investment Cos./Nottingham Index of Carolinas-based public companies for the week ended Aug. 4. The index includes companies with shares trading for […]
Charlotte developer Peter Pappas advocates a broader approach to economic development — including more incentives for film companies.
Providence Bank of Rocky Mount plans to buy CB Financial, owner of Wilson-based Cornerstone Bank, for $11.2 million. Providence CEO Ted Whitehurst discusses the deal.
Why didn’t Duke Energy charge ahead with nuclear plant construction, investing $500 million in project preparation, while its peers in South Carolina put up $9 billion for a now-suspended project? We asked Duke spokesman Rick Rhodes, who said Duke didn’t see an immediate need for the project given its other options. “Our need for baseload […]
The Holding family, which controls $34 billion First Citizens Bancshares, wants to acquire $360 million KS Bancorp after the small bank sought to reorganize.
Tech employment is soaring in the Charlotte and Triangle markets, a new report by the CBRE real estate company shows. Charlotte added tech jobs at the nation's fastest pace over the last five years.
It was a tough week in Mount Airy, where Insteel shares declined 22% after its quarterly profit declined 49% from a year earlier.
Gov. Roy Cooper asked business leaders to oppose a state budget he deemed "fiscally irresponsble." Few heeded his call.
A Charlotte company, which promises to help advertisers better understand customer behavior, raised $11.8 million from 22 investors.
The Standard & Poor’s 500 Index gained another 1.3% last year, reaching a record level. Many Carolinas-based stocks participated in the rally. These were the best performers included in the Capital Investment Cos./Nottingham Index of public companies for the week ended July 14 among companies with shares trading for at least $10. SPX (SPXC ) 7. 6% […]
Mission Health Systems, Asheville's dominant hospital company, says it won’t accept Blue Cross Blue Shield of North Carolina insurance after Oct. 4. If unresolved, hundreds of thousands of Asheville-area Blue Cross customers would have travel to receive network health care.
Alliance One International, which has a market cap of about $139 million, was the best performer in the Capital Investment Cos./Nottingham Index of Carolinas-based public companies for the week ended July 7 among companies with shares trading for at least $10. Best performers: Alliance One International (AOI) — 7.3% — $15.45 – Shares of the […]
North Carolina lawmakers have authorized the state to provide lucrative incentives to companies promising $4 billion in investment.
N.C. State Rep. Justin Burr filed a bill to change the election districts of the state's judges and change the course of justice in North Carolina. Burr says he didn't seek any input from judicial system representatives.
David Carroll, the highest-ranking Wells Fargo exec in Charlotte, is leaving the bank at the end of June. He is among the last former executives of First Union Corp., which developed into a big bank in the ‘80s and ‘90s.
Raleigh-based software company Red Hat jumped 13% after strong first quarter earnings. Stock is up 35% in the last year.
Foxconn may be first to take advantage of a plan for North Carolina to offer big incentives to companies planning expansions of more than $4 billion. The change is included in the budget passed by state lawmakers.
First South CEO Bruce Elder responds to a post about the Washington community bank's announced merger with Carolina Financial.
The strong housing market is boosting business at Charlotte-based Jeld-Wen, which tops the list of best performing Carolinas-based stocks included in the Capital Investment Cos./Nottingham Index of public companies for the week ended June 16. (Shares trading under $10 are excluded.) The strongest performers: Jeld-Wen (JELD) 34.10 7.6% Shares of the Charlotte-based window maker trade at […]
With First South Bank of Washington, N.C. selling this week, North Carolina loses another homegrown community bank based in a small city.
Aided by a likely rollback in regulations, bank stocks were the best performers included in the Capital Investment Cos./Nottingham Index of public companies for the week ended June 9 among companies with shares trading for at least $10. House Republicans passed a bill to strip portions of the Dodd-Frank Act, helping spur the best weekly […]
North Carolina's newest public company is likely to be Dova Pharmaceuticals, a Durham-based drug developer that filed for a $75 million initial public offering. Its drugs focus on low blood platelet count disorders.
G1 Therapeutics gained 9.9%, two weeks after its IPO. The company was founded in 2008 as G-Zero Therapeutics and spun out of the Lineberger Comprehensive Cancer Center at UNC Chapel Hill. Hatteras Venture Partners of Chapel Hill and Wilmington investor Fred Eshelman’s venture firm are among the largest shareholders. It was the best performer in […]
Coca-Cola Bottling Consolidated was the best-performing Carolinas stock last week, gained 10%. It has jumped 265% in the last five years.
North Carolina's economy grew by 8.6% over the last decade, a modest rate change compared with other East Coast states.
Hickory's Shuford family, which owns a large tape business, made a record $18 million gift to UNC Chapel Hill's College of Arts & Science.
North Carolina lawmakers may axe the state's Governor's School, a summer program for talented high school students.
The financial backers of the Wicked Weed brewery, recent acquired by AB InBev, have had success selling motivational tapes and skin-care products.
Three Carolinas public companies had a remarkable week on the stock market, each gaining more than 28% even though none of the three were taken over. Good week to own World Acceptance, INC Research and 3D Systems.
First South Bancorp just passed the $1 billion asset mark. Past shareholder pressure and a delayed annual meeting have sparked rumors of a possible sale.
SPX Corp. had a huge gain after reporting adjusted profit of 38 cents a share, 9 cents better than analysts expected. It was the best performer in the Capital Investment Cos./Nottingham Index of Carolinas-based public companies for the week ended May 5 among companies with shares trading for at least $10. Best gainers: SPX (SPXC) […]
N.C. Governor Roy Cooper wants state business people to oppose corporate income tax cuts.
There was a time when North Carolina had the upper hand in banking industry consolidation and the development of startup banks. Those days are gone.