Krispy Kreme shares sank after costs for exiting its unprofitable McDonald’s venture in the U.S. resulted in a quarterly loss that exceeded analysts’ expectations.| Business North Carolina
Charlotte developer Bobby Drakeford says he favors the plan to spend $20 billion-plus to improve Mecklenburg County’s transportation system over the next three decades, but his support hinges on local government investing more on complementary efforts to assist low-income residents. Otherwise, he says, those residents are being asked to vote for a 1-cent sales tax […]| Business North Carolina
Duke Energy agreed to sell for $6 billion nearly 20% of its electric utility company serving 2 million Floridians, fueling an expansion of its generation capacity in anticipation of rising electricity demand. Duke’s agreement with Brookfield Asset Management staggers its cash investment, starting next year through 2028. The Charlotte-based utility will spend $2 billion of […]| Business North Carolina
David Mildenberg is editor of Business North Carolina. Reach him at dmildenberg@businessnc.com.| Business North Carolina
Jeffrey Cox is resigning as president of the N.C. Community College System, effective next June, he announced to system officials today. The Alleghany County native has had the job since June 2023. Thomas Stith held the post in 2021-22, while Peter Hans was president from 2018-20. Hans is now president the UNC System. “This decision […]| Business North Carolina
Back-to-school math is adding up to higher expenses for families wary that they’re going to pay about 10% more for clothing, shoes and supplies.| Business North Carolina
After surpassing its $5 million fund raising goal by $1 million, Guilford College anticipates a lean academic year starting in August as enrollment drops below 1,000 students.| Business North Carolina
Getting smaller, more focused and paying close attention to changing rules is OrthoCarolina’s strategy to thrive in a healthcare sector increasingly dominated by larger organizations. Over the past six months, the Charlotte-based independent physicians’ practice has sold its physical therapy and imaging businesses, which together employed more than 300 people. Meanwhile, the business is doubling […]| Business North Carolina
Whatever enables the air conditioning that makes life livable during this hot North Carolina summer doesn’t matter to most of us. We just want our AC systems to work, while hoping our electric bills don’t get too crazy. Unfortunately, keeping the system reliable without breaking the bank is getting much tougher. Rumblings that there won’t […]| Business North Carolina
State legislators left Raleigh in late June for their summer break without having passed a budget for the next two years. That’s become the norm since Republicans took control of both chambers in 2011. Of eight tries, they’ve hit that start-of-the-fiscal-year target only twice. The exceptions were 2011 and 2017, both times after overriding gubernatorial […]| Business North Carolina
Most big N.C.-based stocks soared over the past year. But 33 of the 75 showed declines. Stocks of North Carolina’s 75 largest public...| Business North Carolina
The PGA Tour’s regular season wraps up this week with the 2025 Wyndham Championship at Greensboro’s Sedgefield Country Club. For many contestants, the stakes couldn’t be higher — financially or professionally. More than just the final chance to qualify for the FedEx Cup Playoffs, the Wyndham marks a crucial checkpoint for players chasing postseason security, […]| Business North Carolina
Developer David Couch is asking Greensboro to annex nearly 900 acres and approve zoning for his rolling woodlands and pastures that would bring residential and commercial development to northwestern Guilford County.| Business North Carolina
SPAR Group is relocating its corporate headquarters from Auburn Hills, Michigan, to Charlotte, putting the provider of merchandising and other services closer to southeastern-based retailers.| Business North Carolina
North Carolina legislators overrode Gov. Josh Stein’s veto of a bill that eliminates the state’s interim 2030 carbon-reduction target and makes it easier for Duke Energy to make customers pay for new power plants that are still under construction. Senate Bill 266 became law on Tuesday when the House voted 74-46 to ignore the governor’s […]| Business North Carolina
Duke Energy agreed to sell the Tennessee division of its Piedmont Natural Gas subsidiary for $2.48 billion to St. Louis-based Spire.| Business North Carolina
A federal appellate court upheld a $189.7 million damages award to Charlotte-based CPI Security Systems, which has accused a larger competitor of unfair trade practices and other violations of business law. The 4th U.S. Circuit Court of Appeals this week upheld the award to CPI that a lower court levied against Provo, Utah-based Vivint […]| Business North Carolina
The Rapidly Emerging Antiviral Drug Development Initiative, or READDI, is tackling a monster challenge with a simple mission. “We’re trying to look into the future and create medicines against viruses we’ve never seen,” says CEO James Rosen. The nonprofit biotech company was launched in April 2020 by founding partners UNC Chapel Hill, the Structural Genomics […]| Business North Carolina
Move fast and break something. That Silicon Valley mantra works with tech companies, sometimes. But can the same idea be applied to a digital media startup? Kyle Villemain, the 32-year-old founder and editor-in-chief of The Assembly, is giving it a try. “We’ll know in a few years if we’re someone to emulate or a cautionary […]| Business North Carolina
The American Dream isn’t dead. It’s alive and well in a 60,000-square-foot steel structure taking shape in Ackerman, Mississippi that will eventually house machinery to produce kiln-dried lumber for the construction industry. Or in 70,000 square feet of production space in Athens, Georgia, for door manufacturer Steves & Sons. Or a seven-story, 126,000-square-foot building for […]| Business North Carolina
Momentum is building for a nuclear energy revival as power demand and climate concerns soar. Can the industry overcome its long-term pitfalls? If a “foolish consistency is the hobgoblin of little minds,” as Ralph Waldo Emerson wrote, then ecologist Stewart Brand must be considered an unusually expansive thinker. Once a vocal opponent of nuclear power, […]| Business North Carolina
