ChannelAdvisor slammed as co-founder departs

It was a rough week for Morrisville-based e-commerce company ChannelAdvisor, with slightly weaker sales than expected in the fourth quarter and the resignation of co-founder Aris Buinevicius, chief technology officer since 2001. The news was much better at Wilmington’s Live Oak Bancshares, which is now trading well above its 2015 IPO price. These were the […]

SciQuest’s latest chapter as the Jaggaer meister

Six months after being acquired by private-equity firm Accel-KKR for $509 million, SciQuest is changing its name to better reflect an expanded customer base. The Morrisville-based company has rebranded as Jaggaer (pronounced “Jagger,” as in Mick), which is derived from the German word for “hunter.” The term expresses the company’s “ability to help track value […]

Cempra shares dip 9.1% as founder-CEO departs

These were the best performing Carolinas-based stocks included in the Capital Investment Cos./Nottingham index of public companies for the week that ended Dec. 16. (Stocks trading for less than $5 are excluded.) BioCryst Pharmaceuticals BCRX  12.5% JMP Securities upgraded the drug company’s stock; with 16% of shares sold short, some may feel squeezed? First Bancorp […]

Good times in Mount Airy: Insteel shares rocket 27%

These were the best performing Carolinas-based stocks included in the Capital Investment Cos./Nottingham index of public companies for the week that ended Nov. 25. Insteel Industries IIIN  26.8% – Wire maker was added to S&P Small Cap Index, attracting index-fund buyers. Expected infrastructure spending gains also benefit Mount Airy-based company, with 16% profit increase expected […]

Plexus Capital raises $400M in its fourth fund

Plexus Capital has closed on its $400 million fourth fund, bringing the total raised since the company’s inception in 2005 to $950 million. Raleigh-based Plexus invests in lower-middle market businesses with $10 million to $100 million in revenue. Investors now include 57 banks, 208 individuals and family offices, and eight institutional investors. “The strong support […]

The governor and LendingTree

When Pat McCrory left office after 14 years as mayor of Charlotte, and after he lost the 2008 gubernatorial election to Beverly Perdue, LendingTree CEO Doug Lebda helped lift him up with a board seat that led to a couple hundred thousand dollars of compensation from 2009 to 2013. Three years later, with Gov. McCrory’s […]

Southern slide

Southern Season’s recent bankruptcy and pending auction represents a disappointing turn for the once-successful gourmet-foods retailer known for its curated collection of regional foodstuffs and amazing gift baskets. It’s particularly frustrating for those of us who worked at the original Chapel Hill store, learning a few life lessons in the process. Shortly after I graduated […]

A hopeful outlook for a Triad mega-project

On the same day that construction started on the new $500 million Mercedes-Benz plant near Charleston, S.C., more than 100 Triad-area officials gathered in Greensboro to hear encouraging words about North Carolina’s efforts to attract the next major manufacturing expansion in the South. Perhaps the most encouraging comments at the event, sponsored by Raleigh-based strategic-communications […]

Four NC orthopedic groups join to create statewide practice

Four independent orthopedic physician groups across North Carolina have joined to form EmergeOrtho, one of the largest N.C. doctor-owned orthopedic practices. The practices, which employ a combined 126 physicians, are Blue Ridge Bone and Joint of Asheville, Hendersonville and Arden; Carolina Orthopaedic Specialists with offices in Alexander, Burke, Caldwell and Catawba counties; OrthoWilmington, with offices […]

Hyperloop has its ‘Kitty Hawk’ moment

North Carolina’s most famous snowbirds, brothers Orville and Wilbur Wright, are having a moment 113 years after their historic first flight on the state’s Outer Banks. Hyperloop — the crazy-fast train that promises to fire passengers and goods through vacuum tubes at more than 600mph — tested its prototype in Nevada last month. Hyperloop One founders […]

HB2 crashing interest in North Carolina expansions, JLL executive says

Commercial inquiries about relocating to North Carolina have come to a “screeching halt,” according to Chris Schaaf, executive vice president of JLL, the large real estate brokerage company. Speaking at a real estate conference in Charlotte of more than 200 people, Schaaf said inquiries from out-of-state companies looking at relocating or expanding in North Carolina […]

Vote For Your Favorite North Carolina Businesses Today!

Vote For Your Favorite North Carolina Businesses Today! North Carolina is a state with plenty to offer residents. One of the reasons North Carolina is such a great place to live is the wonderful people and businesses throughout our community. From restaurants to florists, construction companies to lawyers, North Carolina has some truly incredible companies […]

Jim Blaine handing off top job at SECU

We wrote a Business North Carolina feature story last year on Jim Blaine, who has led the State Employees’ Credit Union of North Carolina since 1979, helping build the nation’s second-largest credit union with $33 billion in assets. On Monday, Blaine said he is retiring and ready to hand off the reins to a successor, […]

International lawyers give Charlotte a spin

About 70 leaders of some of the world’s most influential law firms gathered in Charlotte last week for a three-day meeting hosted by the Robinson Bradshaw law firm. Interlaw promotes relations between member law firms from across the world, including 14 in the U.S., according to the group’s website. The association’s chairman, Michael Siebold, cited […]

Who’s going to step up to restore respect for North Carolina?

PayPal’s decision to ditch its Charlotte expansion plans because of the controversy over House Bill 2 has sparked angry responses from state Republican lawmakers. Senate President Pro Tempore Phil Berger suggests the “liberal media” has aided Democratic politicians, gay rights groups and the “political correctness mob” to trash the reputation of the city and state. […]

Charlotte Chamber ducks HB2 commentary

Several years ago, the Charlotte Chamber embraced the LGBT community in Charlotte by welcoming an affiliation with the Business Guild, renamed last year the Charlotte LGBT Chamber, which has been a key voice for LGBT business leaders. It was an impressive decision that reflects greater acceptance of gay and transgender citizens and their vital economic […]

Feeling low in High Point

Mark Weinstein sat on a leather couch in the sun Saturday morning outside his Golden Oldies store at Broad Avenue and Elm Street in downtown High Point. High Point’s spring and fall furniture markets are his biannual Super Bowl, the two busiest weeks of his year, but opening day found him sitting down. “The big […]

How much NC bank CEOs get paid

It’s annual meeting and proxy time, that season when public companies are forced to disclose salaries of their five highest paid executives. We’ll leave the grousing about excessive CEO pay to Bernie Sanders and others. We just wondered how CEOs of the larger North Carolina-based publicly traded banks compared with the big cats of state […]

Key facts about the N.C. discrimination debate

North Carolina’s new law aimed at blocking discrimination based on race, biological sex, color, religion and national orientation — but not sexual or gender identity — is creating a national firestorm. We asked two employment-law experts in North Carolina for their perspectives. Luke Largess, a Charlotte lawyer with Tin Fulton Walker & Owen, was a […]

N.C. lawmakers put a stop to minimum-wage hikes before cat gets out of bag

Many have wondered why the N.C. General Assembly included a provision in the controversial HB2 employment rights law that also blocks local governments from instituting higher minimum wage levels. Veteran Raleigh political observer Rob Schofield speculates that the N.C. Chamber helped to negotiate the action, which has received much less attention than the debate over […]

Cancer care pays off for famed Raleigh investor

James Maynard, one of North Carolina’s most esteemed investors and best known for his Golden Corral restaurants, got a big pay day through the February sale of Biologics Inc. to San Francisco-based McKesson Inc. The Cary-based cancer-drug sales company is a portfolio company of Maynard’s Investors Management Corp. Details of the sale were not provided […]

Risky business

So there has been much talk in the state’s economic- development community about landing the “Big One.” Megasites are being prepared and global automakers wooed to bring a plant and thousands of jobs to the Old North State. That’s well and good, but it’s also time to focus on something that was once here and […]