Business

The University of Southern California is doing something unique -- offering a college degree called an MBV – a Masters of Business for Veterans.

Image of Jim Goodmon, CEO of Capitol Broadcasting Company
Capitol Broadcasting Company

Jim Goodmon was immersed in the world of broadcasting as a young kid, watching his grandfather build Capitol Broadcasting Company from the ground up. He spent his teen years driving around eastern North Carolina giving away free TV antennas to encourage people to start tuning into WRAL.

Image of Michelle Miller, the author of 'The Underwriting,' a corporate satire of Wall Street and Silicon Valley.
Sasha Israel

Michelle Miller’s life has taken her from her hometown of Asheville to the depths of two important economic engines in America – Wall Street and Silicon Valley.

She studied business at Stanford, got a job at financial giant JP Morgan, and then gave it all up to become an author. She wrote a 12-part online serial last year, drawing on her experiences from the financial and tech worlds.

Publix is one company with an employee stock ownership plan.
Mike Kalasnik / Flickr Creative Commons

In many workplaces, "the boss" is a board or group of investors.

But in a growing number of businesses, employees are taking ownership. Some use an employee stock ownership plan, or ESOP, and others use a cooperative structure.

 For companies like Southwest and Publix Super Markets, employee engagement is critical because employees are the bosses. The structure can also offer tax incentives.

Chemistry is a bar and club, with a dance floor, DJ, and weekly drag shows. Owners at this establishment, and others, say new proposed regulations are unnecessary and costly.
Drew Wofford

  Elected officials in Greensboro are working to create a security ordinance for entertainment venues.

Calls for new regulations came after several violent incidents at nightclubs in recent months.  Late last year, a man was stabbed in the neck at a lounge near UNC-Greensboro. Another person was killed when shots were exchanged outside of a downtown nightclub.

GlaxoSmithKline
GlaxoSmithKline

    

Pharmaceutical giant GlaxoSmithKline eliminated 900 jobs yesterday.

Sharing economy illustration
North Carolina General Assembly

North Carolina lawmakers are taking their first look at how to regulate networks of individuals who buy and sell services between each other, a billion-dollar global industry that already operates in dozens of cities across the state.

One of the peer-to-peer economy’s biggest exponents, Airbnb, accounts for about 2,700 residential rental listings across North Carolina, and drivers who pick up passengers with their personal cars using the application Uber operate in ten cities here.

BB&T Logo
Wikipedia Commons

Winston-Salem based BB&T has announced a today to buy Susquehanna Bank. The $2.5 billion deal adds 245 new branches to BB&T, and extends the bank's reach into Pennsylvania and New Jersey.  Much of Susquehanna's growth comes in more rural markets - something BB&T hopes to capitalize on:

Briana Brough

As the demand for local food and farm-to-table restaurants rises, the American agriculture and food production industries are expanding. 

U.S. Ambassador to Israel Daniel Shapiro and Secretary Clinton’s Senior Advisor for Innovation Alec Ross working together at TechCamp in Tel Aviv.
Matty Stern/U.S. Embassy Tel Aviv

Forming partnerships and working in a collaborative setting can be difficult. 

Charles Iacovou
www.wfu.edu

Wake Forest University’s business school is ending its traditional full-time MBA program.

Controversial?  Practical?  Charles Iacovou is Dean of the Wake Forest Business School.

“It was about time and it was the right time," said Iacovou.

HBO has built a robust and popular online presence over the past couple of years with its app, HBO GO. But to get it — as is the case with many streaming services that offer television over the Internet — you've needed a cable subscription. In other words, HBO GO was an add-on for people who already had HBO, not an alternative way of getting shows for people who didn't.

Just Economics is trying to get a living wage for working class in Western North Carolina.
http://justeconomicswnc.org/

  The Asheville nonprofit Just Economics has been pushing for local businesses to pay a living wage. 

The clothing retail giant Zara is apologizing and has pulled a kids' shirt from its stores after hearing complaints that it resembled the uniform worn by prisoners in Nazi concentration camps.

In a tweet, Zara said the shirt was "inspired by the sheriff's stars from the Classic Western films."

Reporting from Spain's Canary Islands, Lauren Frayer tells our Newscast unit that this isn't the first time the Spanish retailer has gotten into trouble. She filed this report:

Pigs on a Farm
Eric Mennel / WUNC

Last year, according the State Department of Agriculture, North Carolina exported about $3.7 million in meat products to Russia. So far this year, that number has increased ten-fold, to $40 million. Now that Russia has banned the import of American beef, pork, and poultry products, that surge will come to a halt.

Updated at 3:15 p.m. ET.

When Jordan Smith got her tab after breakfast at Mary's Gourmet Diner in Winston-Salem, N.C., she was pleasantly surprised to find a 15 percent discount — for "praying in public."

Durham County Public Library

A friend of mine sent me this note recently: "Apparently the Southwest branch of the Durham public library has an insane automatic book sorter worth 180K."

I checked into it and I can report that it did not cost $180,000, nor is it insane. It's actually pretty cool.

When a customer service call is described as "Kafkaesque" and "hellish," you pretty much know how it's going to go down before even taking a listen. But in case you haven't heard the condescending, tedious call that's lit up the Internet, here it is:

Michael Christian headshot
kenan-flagler.unc.edu

Former stockbroker Bernie Madoff and former New York Times journalist Jayson Blair share infamy for their unethical business decisions.

A new report considers the psychology behind these transgressions and shows that misdeeds tend to escalate into larger scandals over time.

Life's difficult choices rarely present themselves in one dramatic question or one big decision. Instead, our most important choices in life, including ethical ones, present themselves in small baby steps.

-Jayson Blair  

A picture of a car wrapped in Fox News and American Idol ads.
Nicolelajones / Wikipedia

The Raleigh Planning Commission wants to close a loophole in the city's sign ordinance. This morning, they'll present a proposal to the City Council that would force businesses to move vehicles emblazoned with company information away from the street.

The measure would require the vehicle to be parked behind the building or near the entrance to the business.

Promotional trailers: Homeland, Ironman 3, Hunger Games
Showtime, Marvel Studios, Lionsgate

North Carolina could see fewer hits like Iron Man 3 or Homeland filmed in the state. That’s because tax incentives that encourage the film industry to make movies here are set to expire in January. Some lawmakers are trying to pass a measure that would give grants to the film industry to keep production companies here. But while budget negotiations are underway, time is running out to pass legislation.

Mike Oniffrey

Randy Lewis almost lost the family dairy farm in 2009. The price of milk had bottomed out, and costs for feed, fertilizer and fuel had gone sky-high.

"It was either find some other way to make money or sell the cows and quit," he says.

But Randy had an idea that might just save the farm. He's bottling milk right on-site. Of the 150 dairy farmers in the state, only five bottle their own milk. And Randy's figured out how to do it without shelling out a lot of money.

Watch the story here:

A picture of the Rockford restaurant's sign.
Shop Local Raleigh

The Raleigh City Council has created a task force to review the city's sign ordinance. The measure determines what signs certain businesses can have, what they look like, and where they put them.

Raleigh recently overhauled its planning code, but didn't change the sign ordinance much. Local businesses and associations have complained that the rules are too restrictive. This week, Raleigh appointed 11 business people and residents to study the issue.

Planning and zoning administrator Travis Crane says he's looking forwards to what the task force finds.

SEUS NC
Leoneda Inge

The business-to-business matchmaking continues today at the Raleigh Convention Center where the leaders from southern states and regions of Canada will try to make deals.

It’s the first time the Southeastern U-S Canadian Provinces Alliance or, "SEUS CP," has met in North Carolina.  

The kick-off to the conference had fingers snapping and heads rocking as musicians jazzed up the meeting room, welcoming dignitaries to the conference.

Seeking A Fortune Through Search Funds

May 5, 2014

Alex Livingston graduated from Harvard Business School last year. He was offered a pretty sweet job at a startup, but he turned that down in favor of something a lot more ambitious.

He's 27 years old, and he wants to be a CEO, not in 15 years but now. He and his business school classmate, Eddie Santillan, knew they wanted to run a company together. They just didn't know which company. So they went to investors and asked them to be their partners — to give them some money so they could find a company to buy. If the company did well, the investors would, too.

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