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.
While many chain restaurants aimed at middle America have struggled in recent years, Denny’s is enjoying a quiet rebound as more diners gobble down the South Carolina-based company’s eggs and pancakes. It tops the list of best performing Carolinas-based stocks included in the Capital Investment Cos./Nottingham Index of public companies for the week ended Feb. […]
North Carolina’s red-hot craft beer industry is cheering the results of a new poll showing that churchgoers and residents in urban, rural and suburban areas all want to let the small brewers distribute their own product rather than going through well-entrenched distributors. The poll results may help the craft brewers as they lobby the N.C. […]
The weekly North State Journal newspaper added a second day of publication, after initially projecting it would publish five days a week in its first year. Publisher Neal Robbins remains optimistic.
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 […]
The Human Rights Campaign, which played a pivotal role in ousting North Carolina Gov. Pat McCrory in 2016, held its annual gala in Charlotte.
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 […]
Hanesbrands lost 17% of its value as investors feared growth is slowing after the company reported record annual profit and revenue.
MapAnything raises $33 million to expand its software company. Investors include former NBA Commissioner David Stern and a U.S. affiliate of a controversial Russian conglomerate.
TIAA CEO Roger Ferguson told students at UNC Charlotte about keys to his business success and urged them to pile up savings, especially with Social Security benefits likely to be slashed.
Eleven of 14 appointed members of the N.C. State Banking Commission are slated to roll off as of April 1. Gov. Roy Cooper has chance to remold the board.
Charlotte and the Triangle area both want a Major League Soccer franchise. A big debate is underway in the Queen City, while few details have emerged in Raleigh-Durham.
Dale Folwell, North Carolina's new state treasurer, is pressing investment fund managers to explain their results and cut fees - in 18 minutes or less.
Nashville's Pinnacle Financial Partners is acquiring High Point-based BNC Bancorp, which operates Bank of North Carolina, in a $1.9 billion transaction
Carousel Capital, one of North Carolina's biggest private-equity companies, raised $400 million as it hits 20 years in business.
Six Carolinas stocks ended 2016 with a bang, gaining more than 10% in December. Loan maker World Acceptance topped the list.
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. 23. Park Sterling Bank PSBT 6.6% – Charlotte-based bank has gained 43% in last year. Its price-earnings ratio is 29, vs low 20s for peers First Bancorp and BNC Bancorp. SPX Flow […]
Almost 60 years ago, an ambitious fellow from Stanly County saw stock-car racing as a good business bet. Seemed crazy at the time, and it took awhile, including Charlotte Motor Speedway’s bankruptcy in the early ’60s, for Oakboro native Bruton Smith to make racing pay off. But his tenacity and business acumen propelled NASCAR into […]
House Bill 2 may be repealed Tuesday by the N.C. General Assembly after a surprise Charlotte City Council vote today.
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 […]
North State, a High Point-based telecom that is among the few remaining independent phone companies, promoted two executives to its senior leadership group.
The bull market in stocks sent 31 Carolinas-based companies soaring more than 6% in last week's trading.
As LPL Financial opens an elaborate campus in Fort Mill, S.C., top management is changing hands with ex-Charlottean executive becoming CEO.
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. 2. Cempra CEMP 14.4% – Three of 13 analysts following the Chapel Hill drug discovery company rate it a “buy.” It is among state’s most volatile stocks, down 75% in the last […]
Of all the absurdities from the Trump campaign and transition, the idea of John Allison serving as the president-elect’s Treasury Secretary is not up there with the Mexico border wall, deporting 12 million people, or finding 2 million illegal voters. It should definitely make the list, however. Trump picked Steve Mnuchin for the key post […]
Southern Pines golfing pioneer Peggy Kirk Bell died Nov 23 at age 95, sparking news stories from across the golfing world. Charlotte public relations executive Bill Hensley promoted Bell’s businesses for decades and shared a few memories in this column: The game of golf lost one of its most ardent supporters with the death of […]
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 […]
Pamlico Capital keeps a low profile, but its stack of money to invest keeps growing. The PE firm just raised $910 million.
Dale Folwell, the newly elected N.C. State Treasurer, pledges to make his work and department as transparent as possible. Keeping the public informed is a requirement of the job, he says.
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 […]
Bojangles' shares gained 12% in the last week, the best performance among Carolinas public companies. Cempra slid 60% on fears its antibiotic could cause liver damage.
Charlotte television host Chris William calls for more civility and humility as the U.S. elects a new president.
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 […]
Corning is moving its optical division headquarters 45 miles east to be closer to Charlotte, while adding some jobs at its Hickory manufacturing site. The moves, which are supported by government incentives, reflect societal shifts in North Carolina.
Charlotte PR executive Bill Hensley knew Arnold Palmer during the golfing great's early days at Wake Forest University. Hensley describes how the Latrobe, Pa., native made it to North Carolina.
Korean shipper Hanjin's failure is affecting the Port of Wilmington, which counts on the carrier for about 7.5% of its revenue. Executive Director Paul Cozza is optimistic the failure's impact on North Carolina will be minimal.
Forty North Carolina companies were honored on Tuesday, Sept. 20, 2016, at Pinehurst Resort for being named to the 2016 Mid-Market Fast 40 list. Created by accounting firm Cherry Bekaert LLP and Business North Carolina magazine, the list ranks mid-size companies on revenue and employment growth. Companies who made the list were recognized at the […]
Peak 10's Dave Jones is stepping down as CEO, 16 years after founding the data center company. He's been one of North Carolina's biggest tech boosters.
My dog and I have a Labor Day tradition of watching the annual parade down Charlotte’s Tryon Street. I love parades, Maggie loves walks anywhere, anytime. It’s a fun affair with a few marching bands, a dozen or so politicians, folks representing various labor unions and the Democratic and Green parties, and lots of souped-up […]
The N.C. Supreme Court ruled that Carthage overstepped its authority by charging fees to home builders related to potential water and sewer improvements. The city may have to pay back two builders $123,000 and other N.C. munys may also face expensive clawbacks.
Three Greensboro businessmen started a mortgage-insurance business in 1963 that grew into one of the world's largest. AIG bought United Guaranty in 1981 and made billions of dollars over the years, until the housing recession of 2007. The company was sold this week to Arch Capital Group Ltd. for $3.4 billion.
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 […]
The Golden Leaf Foundation is pledging $45 million to N.C. State University's plant sciences research 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 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 […]
North Carolina’s media is understandably obsessed with the economic impact of House Bill 2, and it was clear from N.C. Attorney General Roy Cooper’s July 13 news conference in Charlotte that he wants to keep as much emphasis on the controversy as possible. Embed from Getty Images But Cooper, in releasing a jobs plan in […]
It’s an understatement to say there’s an elephant in the room when it comes to North Carolina economic development. So in addition to Business North Carolina’s annual list of biggest job-creating projects — which gives a very optimistic view — our July issue tackled the House Bill 2 debate by discussing the controversy with about […]
Magazine staffers take home a total of five awards, including two golds and a bronze for Best Magazine, at this year's Alliance of Area Business Publications Editorial Excellence Awards in Des Moines, Iowa.
Raleigh's Paragon Commercial plans to raise more than $20 million in an initial public offering. After accounting for a stock split, original investors' shares have increased more than sixfold, says CEO Bob Hatley.
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 […]
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 […]
By any measure, Ralph Ketner was one of the most amazing and colorful businessmen in North Carolina history. Starting with one Salisbury store in 1957, Ketner built a chain that had more than 680 stores when Ketner retired as chairman of the board in 1991. Business North Carolina’s Martin Donsky wrote the definitive magazine story […]
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 […]
A graduate of UNC Charlotte’s business school is slated to become CEO this summer of a large U.S. mutual fund company that is struggling to reverse a loss of assets under management. Philip Sanders, 56, will succeed Henry Herrmann as CEO of Overland Park, Kan.-based Waddell & Reed Financial Inc. on Aug. 1, according to […]
The North Carolina Railroad Company has acquired 630 acres at the Greensboro-Randolph Mega Site for $8 million, bolstering the project aimed at attracting a large manufacturer to the Triad region. “The project is going according to plan and we look forward to marketing the site to a major manufacturer, along with our partners,” President Scott […]
Former UNC System President Thomas Ross is joining a New York think tank founded by Paul Volcker to help rebuild trust and pride in government and other public institutions. Ross will be president of the Volcker Alliance, started in 2013 by the former Federal Reserve Board chairman who is credited with helping pull the U.S. […]
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, […]
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 […]
Business North Carolina’s annual golf issue is out and, as always, it includes the listing of the top 100 courses in the state compiled by the North Carolina Golf Panel. In addition to the top 100, the panel also also provides various lists including best courses by region, “hidden gems” and top 50 courses you […]
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. […]