AP-NC Newswatch

Financial News
July 9, 2021
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July 9, 2021
AP-NC Newswatch



Latest North Carolina News:


North Carolina GOP senate candidate Pat McCrory raises $1.2M
RALEIGH, N.C. (AP) – Republican North Carolina U.S. Senate candidate Pat McCrory raised more than $1.2 million in his first fundraising haul between April and June. The former Charlotte mayor who lost a pair of general election gubernatorial bids in 2008 and 2016 but won in 2012 got support from 8,000 donors. McCrory is marketing himself as a “Washington outsider” and hopes his track record in North Carolina politics will set him apart from his two main GOP opponents. Both competitors have served in Congress. U.S. Rep. Ted Budd and former Rep. Mark Walker have not yet released their fundraising numbers. Reports must be shared with the Federal Election Commission by July 15.



Tropical storm sparks tornado warnings in trek up East Coast
SAVANNAH, Ga. (AP) – Tropical Storm Elsa is making its trek up the East Coast early Friday and has sparked tornado warnings in Delaware and New Jersey. The National Hurricane Center says Elsa was located about 5 miles east of Atlantic City, New Jersey, with maximum sustained winds of 50 mph. The tropical storm is expected to continue moving northeast and be over Atlantic Canada by Friday night and Saturday. Elsa has already been blamed for a death in Florida and a damaging tornado in coastal Georgia. A family was rescued Wednesday after their boat drifted off the beach in South Carolina, and forecasters say a tornado was spotted Thursday in North Carolina.



Democratic US Senate candidate Cheri Beasley raises $1.3M
RALEIGH, N.C. (AP) – Democratic U.S. Senate candidate Cheri Beasley of North Carolina has raised nearly $1.3 million in little more than two months since entering the race in April. Her campaign announced the total Wednesday. The former state Supreme Court chief justice is gearing up to for an expensive bid to fill the seat that Republican Sen. Richard Burr is vacating in 2022. The possible pickup opportunity for Democrats could sway the balance of the Senate and determine whether Republicans can more easily stifle President Joe Biden’s legislative agenda. The campaign of Beasley’s top Democratic primary foe, state Sen. Jeff Jackson, says it brought in more than $700,000 from April 1 to June 30.



Judge jails editor over reporter’s use of recorder in court
RALEIGH, N.C. (AP) – A North Carolina judge sent a small-town newspaper editor to jail after one of his reporters brought an audio recorder to court. Superior Court Judge Stephan Futrell charged a Richmond County Daily Journal news editor and a staff writer with criminal contempt of court. The judge sentenced editor Gavin Stone to five days in jail and fined reporter Matthew Sasser $500. The newspaper and media rights groups believe the punishment is excessive and threatens free speech. The court has previously warned the news organization about bringing electronic devices into the courtroom. The judge did not respond to a request for comment.



North Carolina owner of venomous snakes facing charges
RALEIGH, N.C. (AP) – A North Carolina man whose venomous snake escaped from his home and terrorized a neighborhood for several days is facing multiple misdemeanor charges. News outlets report the Raleigh man is facing 40 charges in connection to his escaped zebra cobra and other venomous snakes. His cobra was reported outside a home about a half-mile from his on June 28, and captured by Raleigh animal control officers the following Wednesday. One of the misdemeanor charges says the man didn’t notify law enforcement of the snake’s escape, as required by state law.



Philanthropies eagerly back journalist Hannah-Jones
NEW YORK (AP) – Journalist Nikole Hannah-Jones is using major philanthropic donors to build her future as a tenured professor at Howard University, just as other major donors sought to stymie the Pulitzer Prize-winning Black investigative reporter at the University of North Carolina. Hannah-Jones announced Tuesday that she will establish the Center for Journalism and Democracy at Howard to increase diversity in journalism. The $20 million in contributions point to a growing philanthropic effort to diversify news organizations and strengthen journalistic standards. The donations, including $5 million each from the MacArthur, Knight and Ford foundations and an anonymous donor, will also bring award-winning author Ta-Nehisi Coates to Howard, a historically black school that’s also his alma mater.



Months after filing for bankruptcy, Belk names new CEO
CHARLOTTE, N.C. (AP) – A North Carolina-based department store chain has named a new CEO, months after it filed for Chapter 11 bankruptcy. The Charlotte Observer reports a news release from Belk on Wednesday says Nir Patel has been promoted to CEO from president and chief merchandising officer. Patel replaces Lisa Harper, who had been the CEO since July 2016. Harper is now executive chair of the Belk Board of Directors. The news release did not say what led to the change. In January, Belk announced it was filing for bankruptcy with plans to emerge from it in the following month.