Business

Bernhardt Furniture celebrates 125 years in business

March 31, 2014

(The News-Topic, Lenoir)

Family-owned Bernhardt Furniture Co. celebrated the 125th anniversary of its founding Friday. The company, founded in 1889, is now in its fourth generation of family leadership. 

Lowes Foods increases efforts to buy local

March 31, 2014

(The News & Record, Greensboro)

Lowes Foods has quadrupled the number of small and midsized farmers from which it buys over the past six years. The Winston-Salem-based company owns and operates more than 100 grocery stores in the Carolinas and Virginia. 

Vidant Health to keep Belhaven hospital open; community board will assume operations

March 28, 2014

(The Daily Reflector, Greenville)

Vidant Health will not close its Beaufort County hospital on April 1 as previously planned. The health care system will continue to operate the 49-bed Vidant Pungo Hospital through July 1, at which time it will transfer control to a community-based board. The state chapter of the NAACP had filed a federal complaint about the Belhaven hospital's impending closure.

ACC tournament will move back to NC in 2019 and 2020

March 28, 2014

(The Charlotte Observer)

A day after announcing it would move the ACC men's basketball tournament to Brooklyn in 2017 and 2018, the conference said the tournament will be held in Charlotte in 2019 and Greensboro in 2020. Charlotte has hosted the tournament 12 times, most recently in 2008 when it had an estimated economic impact of $17.2 million. 

Pearson furniture plant to close in High Point

March 28, 2014

(High Point Enterprise)

Heritage Home Group announced it will close the Pearson Co. home-furnishings plant in High Point, laying off 86 workers by August. The Pearson plant, founded in 1942, merged with Lane Home Furnishings in the 1970s, which later became part of Furniture Brands International. Heritage Home acquired assets of Furniture Brands last year.

Square 1 Bank completes initial public offering

March 28, 2014

(The News & Observer, Raleigh)

Durham-based Square 1 Financial, parent company of Square 1 Bank, debuted on the Nasdaq exchange Thursday. Shares closed at $20.60, 14% higher than its initial public offering price of $18 a share. Square 1 provides banking services to venture-capital and private-equity firms at a dozen offices nationwide.

First-grader's health improves after receiving Chimerix drug treatment

March 28, 2014

(The News & Observer, Raleigh)

The 7-year-old Virginia boy taking an experimental medication developed by Durham-based Chimerix is improving dramatically and has been moved out of intensive care at St. Jude's Children's Research Hospital in Tennessee. A social media campaign led to the drug company's decision to open a small trial for the antiviral medication, allowing the boy to receive treatment.

Burlington nonprofit to add 70 jobs

March 28, 2014

(The News & Record, Greensboro)

Industries of the Blind Greensboro, which employs visually impaired workers, will add 70 employees in an expansion of its apparel-manufacturing center in Burlington. President David LoPresti said he expects about 75% of the new hires will be blind. The nonprofit currently employs about 200 people.

Electrolux unveils new laundry research center in Charlotte

March 28, 2014

(The Charlotte Observer)

Electrolux North America's new laundry research and development center continues the Swedish appliance-maker's expansion in Charlotte, adding 60 new jobs and growing its local employment total to 925.  

ECU opens dental learning clinic in Harnett County

March 28, 2014

(The Daily Reflector, Greenville)

The East Carolina University School of Dental Medicine opened a community-service learning center in Lillington this week, its third such clinic where faculty members oversee fourth-year dental students who perform dental services in underserved ares of the state. The university already operates centers in Ahoskie and Elizabeth City, and four others are under construction across the state.