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 […]

New from Business North Carolina

Business North Carolina’s online newsletter, DevelopCLT, launched Thursday and I’m thrilled to introduce it to you. During our planning for this new publication, we met with some of you and learned that people in Charlotte’s commercial real estate market want to hear from others in the industry and we are embracing that concept. We aim […]

CEO says Charlotte economic-development group shares Panthers’ passion

Ronnie Bryant, CEO of the Charlotte Regional Partnership, contributed an op/ed tied to the group’s 25th anniversary. Just like our Carolina Panthers, as Charlotte logs more wins, the Charlotte Regional Partnership gains more supporters throughout our 16-county, two-state region. Charlotte USA’s fan base, once exclusively composed of bigger companies and people with economic development in […]

Can Bernie Sanders sell his politics in the South? Don’t bet on it.

New Hampshire’s liberal Democrats had their fun Tuesday, giving Bernie Sanders a resounding victory and something for the political media pack to talk about ahead of the South Carolina primary. But the disconnect between Sanders’ rhetoric and what’s happening in the real economy is remarkable. Best example: Sanders proposes significant income tax increases, while the […]

Bankers to go California dreamin’

Not sure if the Federal Reserve uses it as an economic gauge, but one measure of the optimism of the banking economy is the location of the lenders’ annual convention. When the 2007-09 recession ravaged loan portfolios, prompting significant industry losses and bailouts from the federal Troubled Asset Relief Program, North Carolina bankers settled for […]

Tattling on the Tar Heels

While legions of sportswriters tracked every move by Marcus Paige, Grayson Allen, Roy Williams and Coach K in Tuesday’s hard-fought 74-73 Duke victory over UNC, only a few of us numbers nerds get as excited about data that gives a precise picture of the nation’s first public university. But it’s Christmas in February: This week […]

VF rebounds after global-warming scare

Don’t tell VF Corp. shareholders that global warming is a hoax. Last week when it reported quarterly earnings, the Greensboro-based apparel company missed its estimate by six cents a share, the most in recent memory, CEO Eric Wiseman said on the company’s quarterly conference call. Much of the blame, he said, stemmed from the warmest […]

Durham’s most interesting journalist

Bob Geary, one of North Carolina’s best journalists, is ending his weekly column at Durham’s Indy Week, previously called Independent Weekly. His last one is worth reading. As usual, Bob shows he gives a darn about his state and community and explains key issues, backed by years of reporting — not just pontificating. Whether you […]

Muggsy’s still got it

It’s been 15 years since Tyrone “Muggsy” Bogues played professional basketball, but the NBA’s smallest player still knows how to bring in a big crowd. The stars of the day were the “MVPs” of Bogues’ nonprofit, Always Believe Inc., and guest speaker Kenny “The Jet” Smith, another retired pro (and UNC Chapel Hill standout in the 1980s) […]

BofA stock slides after earnings report

Bank of America Corp. released its annual financial results Tuesday, showing that the largest North Carolina-based public company is past its recession-era woes and ready for a big bounce once interest rates increase. Investors were so impressed with the $16 billion in annual profit – the best showing in a decade — that shares declined […]

Can Qorvo reverse the slide?

Even in a bad stock market, Qorvo has proven to be among the most disappointing North Carolina-based stocks. The company was formed on Jan. 1, 2015 through the merger of Greensboro-based RF Micro Devices and Hillsboro, Ore.-based TriQuint Semiconductor. Most of its revenue stems from selling chips for Apple’s iPhone and other smartphones – a […]

Parker Poe marking 50 years in Raleigh

Press Release 2016 marks the 50th anniversary of Parker Poe Adams & Bernstein LLP in Raleigh. The law firm, known for its general corporate, litigation, environmental, tax, real estate, lending and public policy practices, boasts a staff of 98 in its downtown Raleigh PNC Plaza office. With firm roots dating back to the late 1960’s, […]

Which NC stocks took biggest hit in first week

The stock market’s historic, bloody first week of trading took out 10% or more of the market value of about 15 of North Carolina’s publicly traded companies. Worst hit was drug developer Cempra (CEMP), down 30%. Other big losers included building-materials dealer Stock Building Supply, (STCK) at 17%, exterior-siding company Ply Gem Holdings (PGEM), 16%, […]

New sheriff in town overseeing North Carolina budget

Press Release Raleigh, N.C. – Governor Pat McCrory announced two cabinet-level personnel changes today. At an Executive Mansion ceremony, Governor McCrory announced the appointment of Jeff Epstein as North Carolina’s Secretary of Revenue to replace Lyons Gray, who the governor had appointed to serve on the North Carolina Utilities Commission. Gray’s immediate move to the […]

Five things you gotta know about NC stocks

Five things I just learned about North Carolina-based public companies. Asheville-based Ingles Markets (IMKT.A) lost 13% of its value on Monday, topping the list of biggest losers among N.C. stocks. Ingles shares more than doubled in value over the year ended Nov. 1, partly on speculation of a possible sale as the grocery industry consolidates […]