Business North Carolina
Statewide business news
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Latest posts
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Brightspeed names CEO amid financial bind
(Charlotte Business Journal)
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Duke University buys office building at discount
(Triangle Business Journal)
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UNC Wilmington buys apartments for $16.25 million
(Wilmington Business Journal)
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New ranking of Carolina-style barbecue
(The News & Observer)
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Max Patch makes a comeback
Five years ago, a messy maze of tents, trash and eroded footpaths shrouded the stunning views and natural habitats of Max Patch. Now, after years of restoration efforts and a longstanding camping ban, the iconic grassy bald in Haywood County has made a comeback. Where litter and…
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Wake County approves $6.6M to renovate Lake Crabtree Park
(News & Observer)
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Greensboro cemetery faces criminal investigation over licensing violations
(WRAL)
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CEO Segrave’s ownership of flyExclusive dips to 51.1%
Founder and CEO Jim Segrave’s control of flyExclusive’s common stock declined to 51.1% at the end of October, down from almost 64% a year earlier following the issuance of shares in an acquisition. This past July, the Kinston-based charter jet company completed its all-stock…
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M&F Bank holders vote Wednesday amid criticism over deal
Durham-based M&F Bank officials say they expect to win approval for the proposed merger of Mechanics & Farmers Bank into South Carolina’s Optus Financial in a shareholder vote Wednesday morning, despite efforts to derail the plan. M&F says a “preliminary count indicated that an…
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Maggie Valley motel owners frustrated by third-party booking platforms
(Waynesville Mountaineer)
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Charlotte nonprofit’s CEO leaving
(Charlotte Business Journal)
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Novant Health acquires Mount Airy hospital
Novant Health closed on its acquisition of Northern Regional Hospital in Mount Airy with a $200 million commitment over the next decade. The purchase is Novant’s second rural hospital in six months, adding to a collection of rural hospital acquisitions for Triad-based healthcare…
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Feds investigate Duke med school admissions — after UNC made a deal
The U.S. Department of Health and Human Services has referred its findings about Duke University’s admissions processes in its medical school to the Justice Department — a move the health agency had said it would make if Duke didn’t comply. UNC Chapel Hill recently signed a deal…
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Enbridge shifts final gas pipeline route in NC
Natural gas utility company Enbridge will reroute part of its proposed Chatham County pipeline to avoid running through private property. The final route will run along existing highways and power lines for 13 miles of the pipeline’s 28-mile route — a shift from the original…
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High school robotics teams get lift from Honeywell, Panthers
Enthusiasm for teaching high school kids how to build and operate robots is picking up steam, with Honeywell Technologies and the Carolina Panthers priming the pump. The Charlotte-based technology giant said Monday it is providing $15,000 grants to 11 local groups ($165,000…
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ECU Health sells home health, hospice units to Liberty
(WilmingtonBiz)
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Kewaunee Scientific to acquire Nycom in $55 million deal
Statesville-based Kewaunee Scientific plans to acquire Midlothian, Virginia-based Nycom, the largest U.S. lab dealer, in a deal valued at $55 million. The agreement combines Nycom’s expertise in laboratory design and project delivery with Kewaunee’s manufacturing capabilities of…
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Forsyth manufacturer seeks incentives for $65 million expansion, 60 jobs
(Greensboro News & Record)
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JetZero awarded $5.3 million in FAA funding
(Triad Business Journal)
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Duke medical school referred to Justice Department over admissions discrimination allegations
(Duke Chronicle)