Triad

Greensboro Partnership CEO to retire

August 7, 2014

(News & Record, Greensboro)

Pat Danahy will retire as president and CEO of the Greensboro Partnership at the end of 2014. Danahy, former president and CEO of Cone Mills Corp., has led the economic-development group since 2006.

Greensboro Kmart store to close

August 7, 2014

(Winston-Salem Journal)

Sears Holdings Corp. will close a Kmart store in Greensboro by Nov. 2, displacing 96 workers, according to a notice filed with the N.C. Commerce Department this week.

Reynolds subsidiary provided Ebola treatment made from tobacco

August 6, 2014

(Winston-Salem Journal)

An experimental drug used to treat two Americans infected with the Ebola virus in Liberia was provided by Kentucky BioProcessing LLC, a subsidiary of Winston-Salem-based Reynolds American. The treatment is made from tobacco plants. 

About 250 attend anti-fracking meeting in Yadkinville

August 6, 2014

(Winston-Salem Journal)

About 250 people, many residents of Davie and Yadkin counties, met Tuesday night to learn about fracking. The event was organized by a grassroots group opposed to fracking in the area. A small shale basin has been identified in Davie County, but the potential for shale gas there is still unknown.

Pike Corp. to be taken private

August 5, 2014

(Winston-Salem Journal)

A New York-based private-equity firm will become majority owner of Pike Corp. if shareholders approve a plan to take the Mount Airy-based company private. Under the plan announced Monday by president and chairman Eric Pike, Pioneer Parent Inc., an affiliate of Court Square Capital Partners, would lead the buyout and shareholders would receive $12 a share.

Unifi partners with Detroit Lions

August 5, 2014

(Winston-Salem Journal)

Greensboro-based Unifi has formed a sustainability partnership with the Detroit Lions to promote recycling at the NFL team's stadium. Players will kick off the collaboration by wearing jerseys made with the company's Repreve fabric, which is created with yarn made from recycled plastic bottles.

Novant rolls out new health-records system in Forsyth

August 4, 2014

(Winston-Salem Journal)

Novant Health began its largest medical-records transition project to date at its medical centers and offices in Forsyth County on Friday. Winston-Salem-based Novant is spending $600 million on the conversion to electronic medical records at locations in the Carolinas, Virginia and Georgia. 

Reynolds American celebrates 10 years at NYSE

August 4, 2014

(Winston-Salem Journal)

Reynolds American Inc. celebrated its 10th anniversary Friday with executives ringing the closing bell at the New York Stock Exchange. R.J. Reynolds Tobacco Holdings Inc. completed a $4.4 billion purchase of Brown & Williamson, a subsidiary of British American Tobacco Ltd., on June 30, 2004.

Greensboro developers rally for preservation credits

August 1, 2014

(News and Record, Greensboro)

Preservation Greensboro and Self-Help Credit Union pulled together a press conference on Thursday to support the state's tax credits for historic preservation, which are set to expire Dec. 31 if the General Assembly fails to extend them.

RF Micro and TriQuint schedule shareholder meetings for proposed merger

August 1, 2014

(News and Record, Greensboro)

RF Micro Devices and TriQuint Semiconductor will hold special shareholder meetings Sept. 5 to seek approval to merge the companies.

New Breed bought by Connecticut company

July 31, 2014

(Winston-Salem Journal)

New Breed Holding Co., a logistics company and one of High Point's largest employers, will be acquired by Connecticut-based XPO Logistics for $615 million.

Reynolds American earns $492 million in quarter

July 30, 2014

(Winston-Salem Journal)
Reynolds American Inc. reported second quarter net income increased 6.7 percent to $492 million, as higher pricing and market-share gains for Camel and Pall Mall offset lower sales and costs from launching distribution of the electronic cigarette Vuse.

Vegas furniture market adding showroom space

July 30, 2014

(High Point Enterprise)
International Market Centers, which owns the three major showrooms at the High Point furniture market, is expanding its Las Vegas site with about 134,000-square-feet of additional space. 

Greensboro cracks down on crowded clubs

July 30, 2014

(News and Record, Greensboro)

A nightclub owes nearly $300,000 in fines for repeated overcrowding, which city officials say could cost lives. Visions Entertainment Complex often attracts 1,800 people, double its capacity.

Blogger accuses Berger of charter-school conflict

July 30, 2014

(News and Record, Greensboro)
A retired Winston-Salem stockbroker filed a complaint alleging Senate Pro Tem Phil Berger doesn't want charter school salaries publicized to protect his son's newly approved school.

Sports car group wants Pilot Mountain to itself for a day

July 29, 2014

(Winston-Salem Journal)

Pending legislation would essentially allow a group of vintage sports-care enthusiasts to close Pilot Mountain State Park to the public on Sept. 11.

Drug disappointment forces Targacept to branch out

July 29, 2014

(Winston-Salem Journal)

Targacept's latest clinical-trial disappointment will force the Winston-Salem-based drug developer to attract partnerships or take ownership stakes in areas outside its traditional research.

HondaJet makes its debut

July 29, 2014

(The News & Record, Greensboro)

Honda Aircraft Co., which is based at Piedmont Triad International Airport, debuted its HondaJet at the Experimental Aircraft Association's AirVenture show in Wisconsin.

20 years later: BB&T-Southern National merger

July 28, 2014

(Winston-Salem Journal)

On Aug. 1, 1994, BB&T and Southern National announced a merger that would eventually make the combined bank one of the largest in the country.

ZeekRewards receiver goes after winners

July 28, 2014

(Winston-Salem Journal)

The receiver of ZeekRewards.com is requesting that four people who made money from the Lexington-based Ponzi scheme be forced to repay their profits.