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.
State Treasurer Dale Folwell he's cut $25 million in annual pension fund investment fees. Hospitals may see similar pressure.
Only seven of the 75 largest Carolinas-based stocks declined last week, but the biggest loser was a shocker: Lance lost nearly a fifth of its value because of slowing sales of its snacks, which include Pop Secret and Snyder’s of Hanover. These were the best performers included in the Capital Investment Cos./Nottingham Index of public […]
Three big Charlotte-based industrial companies lost more than 5% of their market value, though each has had a strong 52-week performance. These were the best performers included in the Capital Investment Cos./Nottingham Index of public companies for the week ended April 14 among companies with shares trading for at least $10. Extended Stay America (STAY) […]
Charlotte is smart to attack its much-publicized inequality problem, Harvard professor Roland Fryer says. He offered suggestions on how to improve the city's schools.
Fifteen Carolinas-based stocks lost at least 4% last week; only one gained that much. These were the best performers included in the Capital Investment Cos./Nottingham Index of public companies for the week ended April 7 among companies with shares trading for at least $10. Qrvo (QRVO) 4% — A BMO Capital Markets analyst raised his […]
Retired N.C. politician Bob Rucho promoted tax cuts to rev the Tar Heel State economy. He says the plan worked.
Charlotte School of Law's sister institution in Arizona aiso under fire for poor bar exam scores and graduates' difficulty in finding jobs. Private equity groups that own the schools aren't talking.
Doing business on airplane flights may get easier because Charlotte-based company SmartSky Networks is developing new cellular-tower-based technology. It just raised $170 million.
Greg Hlavaty, a writer and amateur investor who lives in Graham, describes his experience attending a training program by Investors Business Daily, the newspaper-website that helps traders pick individual stocks. Investor’s Business Daily recently ran a half-day “Trading Summit” in Raleigh, and though I’m not a subscriber, I’d done a free trial of one of […]
Nineteen Carolinas-based stocks declined by at least 4% last week, including many banks that have increased sharply over the last year because of hopes of wider interest-rate margins. Only two stocks gained at least 4%. The S&P 500 index declined 1.3% during the week. These were the best performing Carolinas-based stocks included in the Capital […]
Two family-controlled Charlotte public companies are moving in different directions. Coca-Cola Bottling gained 13%; Cato declined 4.5%.
The Charlotte Observer is changing top editors for the first time since 2004. The news world has changed dramatically over that period.
Window makers Jeld-Wenn and Plygem were among the biggest movers of Carolinas-based stock. Babcock & Wilcox Enterprises lost 10%.
The eyes of North Carolina were trained on Brooklyn this weekend as Duke won another ACC tournament. But the most interesting meeting may have occurred off the court, where the conference’s university presidents gathered. One issue likely to be on the table is whether the conference will withhold athletic tournaments from North Carolina because of […]
Aside from our public schools and community colleges, there may be no more important institution in North Carolina than the 17-campus University of North Carolina System. So it was interesting to attend, for the first time, a meeting of the 32-member UNC Board of Governors, which oversees the system. Every other month or so the […]
If your stockbroker didn’t get you any Snapchat shares last week at the initial offering price of $17 — shares of parent company Snap Inc. shot up to $27 after two days of trading — don’t feel too bad. Just think how much the South Carolina-born millennial who came up with the concept lost after pulling […]
Two little-known Charlotte-based companies had very different showings last week. Albemarle soared and now has a market value of $11.8 billion. Babcock & Wilcox Enterprises lost more than a third of its market cap and is now valued at $511 million. Bank of America gained 5% last week and has now shot up 88% […]
UPDATE 6:30 p.m., March 1: Bissell Companies confirmed that it has completed the sale of most of its interests in Ballantyne Corporate Park to Northwood Investors. “The experience of developing Ballantyne Corporate Park over the last 21 years with such a talented and dedicated group of team members has exceeded my wildest dreams,” Smoky Bissell […]
BNC ranks the state's best medical centers in our 2017 list of North Carolina's Best Hospitals.
Dan Forest is North Carolina's most popular politician based on statewide vote totals. He may also be among the most polarizing.
N.C. Gov. Roy Cooper wants to raise teacher pay by an average 5% a year over the next two years, totaling $813 million.