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NC Treasurer Cowell wins primary

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RALEIGH, NC (AP) -- North Carolina Treasurer Janet Cowell is advancing from her party's primary election as she works to keep the job responsible for overseeing $72 billion in public employee pension funds.

Cowell beat primary opponent Ron Elmer in the Democratic primary on Tuesday. Elmer is an investment manager and accountant from Cary who said his experience would help him earn better investment returns than Cowell has achieved.

She will face Republican Steve Royal of Elkin or Frank Roche of Cary, who were contesting for the GOP nomination for state treasurer.

Royal is an accountant with his own practice. He ran in 1990 in the Republican primary for a congressional seat. Roche is a former foreign currency trader.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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