Triad

BB&T acquires stake in global insurance broker

October 2, 2015

(Winston-Salem Journal)

A subsidiary of BB&T will partner with Willis Group Holdings, a Houston-based global risk advisor, and Miller Insurance Holdings, a wholesale insurance broker. Terms of the deal were not disclosed.

Reynolds moving all e-cig production to NC

October 1, 2015

(Winston-Salem Journal)

Reynolds American has shut down contract manufacturing at a Kansas facility and now makes Vuse electronic cigarettes exclusively at its Tobaccoville plant. The company said last year it was adding 200 jobs in Tobaccoville; it's unclear if the shift in production will lead to more jobs.

High Point Regional opens new children's unit

October 1, 2015

(High Point Enterprise)

High Point Regional Health will open a new 3,000-square-foot children's inpatient center this week. The unit replaces a similar center that closed four years ago and includes six private rooms for children requiring an overnight stay.

Federal judge dismisses state lawsuit against Alcoa

September 30, 2015

(WRAL.com)

A federal judge ruled this week that North Carolina waited too late to challenge the ownership of the riverbed on a 40-mile stretch of the Yadkin River where Alcoa and its predecessors built four hydroelectric dams. The dams were used to power an aluminum smelter that closed in 2007. Alcoa is seeking a new federal license that will allow it to keep dam turbines operating for up to 50 more years.
Related: "Water war," January 2012

Stokes County passes 3-year ban on fracking

September 30, 2015

(News & Record, Greensboro)

Stokes County commissioners approved a three-year moratorium on oil and gas development while it reviews land-use rules to protect the environment if fracking occurs. Chatham County has passed a similar ban, and Lee County commissioners also voted last week to draw up a draft moratorium.

Reynolds sells overseas assets of Natural American Spirit for $5B

September 29, 2015

(Winston-Salem Journal)

Japan Tobacco Group will pay about $5 billion in cash for the non-U.S. assets of Reynolds American's Natural American Spirit brand. Sales of the brand, which the company touts as "additive free," have more than doubled since 2009, according to the Wall Street Journal.

BB&T announces branch closures in Pennsylvania

September 28, 2015

(Winston-Salem Journal)

BB&T will close six branches and two business offices in Pennsylvania as part of the bank's planned $1.8 billion purchase of National Penn Bancshares.

Longtime BB&T insurance exec to retire

September 24, 2015

(Winston-Salem Journal)

Wade Reece, chairman and chief executive of BB&T Insurance Holdings, plans to retire at year-end. Reece, 59, took over the division in 1990 when it had annual revenue of $6 million; it posted more than $1.7 billion in revenue for 2014. John Howard, chief executive of the insurance division's wholesale and specialty area, will succeed him.

Novant Health could expand partnership with Georgia hospital

September 24, 2015

(Winston-Salem Journal)

Novant Health is considering expanding its partnership with Memorial Health in Savannah, Ga. The system, which provides care for about 65,000 patients annually, entered a shared-services agreement with Winston-Salem-based Novant in 2012.

$13.7M innovation center opens in Winston-Salem

September 24, 2015

(Winston-Salem Journal)

The 24,000-square-foot Center for Design Innovation officially opened Wednesday at Wake Forest Innovation Quarter. The research center, which is relocating from a temporary space in Winston Tower, was established in 2005 as a partnership between Winston-Salem State, UNC School of the Arts and Forsyth Technical Community College.

Greensboro's Cone Health plans $173M investment

September 22, 2015

(Winston-Salem Journal)

Cone Health has asked for state approval for two projects totaling $173 million. The Greensboro-based health system wants to spend $134.5 million to transfer acute-care beds and operating rooms from its Women's Hospital to its main campus and $38.5 million on a renovation at Wesley Long Community Hospital.

Triad megasite launches new website, begins utility planning

September 21, 2015

(High Point Enterprise)

More than 1,400 acres have been bought or are under contract for the proposed Greensboro-Randolph Megasite, and organizers have launched a new website to provide information for prospective employers. The city of Greensboro is developing plans for water and sewer lines at the site, which is being assembled to attract an automaker or advanced manufacturer.

McCrory visits Eden, offers support in reaction to MillerCoors plant closing

September 18, 2015

(News & Record, Greensboro)

Gov. Pat McCrory met Thursday with officials in Rockingham County to discuss the closing of MillerCoors' Eden brewery, which will result in a loss of more than 500 jobs in the small town. McCrory told reporters a team is being assembled to help affected employees and try to recruit another company that could reuse the plant, which is scheduled to close September 2016.

BB&T plans second round of jobs cuts related to Susquehanna merger

September 18, 2015

(Winston-Salem Journal)

BB&T will cut at least 126 administrative jobs in Maryland as a result of its acquisition of Susquehanna Bancshares. The Winston-Salem-based bank said earlier this month it cut 89 jobs at Susquehanna's former headquarters in Lititz, Pa.

FDA grants fast-track status to Ebola drug developed by Reynolds subsidiary

September 18, 2015

(Winston-Salem Journal)

An experimental Ebola treatment co-produced by Reynolds American subsidiary Kentucky BioProcessing has received fast-track designation by the Food and Drug Administration.

Wake Forest to offer undergrad classes at Innovation Quarter

September 17, 2015

(Winston-Salem Journal)

Undergraduate students at Wake Forest University could begin taking classes at downtown Winston-Salem's Wake Forest Innovation Quarter by January 2017. The university has leased a space that is undergoing renovations for science classrooms that could accommodate up to 350 students by 2021.

Lawmakers sending High Point market more spending money

September 17, 2015

(The Winston-Salem Journal)

High Point's furniture market is receiving an additional $544,528 for annual marketing initiatives for the next two fiscal years under the budget under review by the N.C. General Assembly. Overall, the authority that operates the semiannual trade show is getting $1.2 million overall in marketing funding for each year from the N.C. Commerce Department and $1.2 million from the N.C. Department of Transportation. An initial budget by Gov. Pat McCrory did not include more money for the market, which has an overall economic impact of more than $5 billion annually, according to a 2013 Duke University study.

Greensboro approves incentives for Qorvo expansion

September 16, 2015

(News & Record, Greensboro)

The Greensboro City Council voted unanimously to award $544,279 in incentives to semiconductor company Qorvo, which plans to build a $25 million, 150,000-square-foot research and development center and create 100 jobs with an average annual salary of $80,000.

FDA bans sale of four RJ Reynolds cigarette products

September 16, 2015

(Winston-Salem Journal)

The U.S. Food and Drug Administration has prohibited the sale of four R.J. Reynolds Tobacco cigarette brands. The agency said the company failed to show that the brands, which include Camel Crush Bold and two Pall Mall products, do not raise different questions of public health when compared to existing products.

MillerCoors to close Eden brewery; 520 to lose jobs

September 15, 2015

(Winston-Salem Journal)

Chicago-based MillerCoors announced it will close its Eden brewery in September 2016 as part of a consolidation of its East Coast distribution operations. The brewery, which opened in 1978, employs 520 workers. MillerCoors is Rockingham County's third largest private employer.