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.
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.