Triad

Targacept reports failed clinical trial for schizophrenia drug

December 17, 2013

(The Winston-Salem Journal)

Targacept, a Winston-Salem-based biopharmaceutical company, announced negative results of a second clinical trial for a drug it was developing to treat symptoms of schizophrenia. Targacept's share price fell 32% in after-hours trading following the announcement Monday.

Triad has most of what Boeing wants for new plant

December 16, 2013

(The News & Record, Greensboro)

While North Carolina may not offer as large of an incentive package as some other states, local economic developers hope Greensboro will have the right site for Boeing's new 777X passenger-jet manufacturing plant.

Costs could be high for ambitious "Project Haystack"

December 16, 2013

(The News & Record, Greensboro)

"Project Haystack," the ambiguous economic development project proposed for a 1,000-acre tract in rural Guilford Couny, is a high-risk plan, with the potential for great reward, that has become the county's biggest political issue going into 2014.

Two Triad marketing firms to merge

December 16, 2013

(The Winston-Salem Journal)

Greensboro-based The Sales Factory, a marketing firm which also has offices in New York and San Francisco, will acquire Winston-Salem-based Woodbine, a brand revitalization agency, for an undisclosed amount. The new firm will be based in Greensboro and employ 54 full- and part-time workers. The Sales Factory represents clients including Wake Forest University and Sherwin-Williams.

Herbalife amends employment projections at Winston-Salem plant

December 12, 2013

(The Winston-Salem Journal)

Los Angeles-based Herbalife said it expects to have 60 full-time employees by year-end at its Winston-Salem manufacturing plant, substantially less than the 250 announced in June. The company now expects to complete hiring its projected 493 employees by the end of 2015; it previously said it would reach full production in July 2014.

Davidson County CC joins national program to train older workers for new jobs

December 12, 2013

(The Winston-Salem Journal)

Davidson County Community College joined a two-year grant program that is part of a national effort to train 10,000 baby boomers for new jobs. The Plus 50 Encore Completion Program focuses on workforce training for adults 50 and older, particularly in the fields of health care, education and social services.

Davie County EDC announces $1 million capital campaign

December 11, 2013

(The Winston-Salem Journal)

Davie County's Economic Development Commission hopes to raise $1 million by the end of February in a capital campaign that will help it recruit and retain new business. The campaign has already raised $544,500, but was just announced to the public last week.

Towns approve incentives for Walmart distribution center in Alamance County

December 10, 2013

(The Burlington Times-News)

Graham and Mebane city councils approved incentives for a new Walmart distribution center in Hawfields, the retailer's fourth in the state. The company must hire 450 employees by 2018 under the agreement. Average salary for the jobs will be $35,374 when the center opens, which is expected to be in summer or fall of 2016.

Novant Health forms strategic partnership with Roanoke Rapids hospital

December 9, 2013

(The Winston-Salem Journal)

Winston-Salem-based Novant Health Inc. will provide management services to Roanoke Rapids' Halifax Regional Medical Center for one year, beginning in March. Novant has pledged $35 million for capital investments for Halifax over the next five years. 

Greensboro joins cities vying for Boeing plant

December 6, 2013

(The News & Record, Greensboro)

According to a city council member, Greensboro officials are putting together a proposal to recruit a new Boeing plant to the Piedmont Triad International Airport. Charlotte is also among the 40 cities reported to be considering a proposal for a plant to manufacture Boeing's 777X jetliner.

New Greensboro coffee company brings back familiar blends

December 6, 2013

(The News & Record, Greensboro)

A former owner of Tobacco USA has started a new coffee company that will bring back some of the blends once sold through the now-shuttered retail business. Piedmont Coffee Roasters does not currently have a retail outlet but sells its coffee through a company website.

Charlotte's OrthoCarolina acquires Triad orthopedic group

December 5, 2013

(The Winston-Salem Journal)

Winston-Salem-based Orthopaedic Specialists of the Carolinas will join OrthoCarolina, a Charlotte practice with locations in Western N.C. that says it treats more than 1 million patients annually. With the addition of Orthopaedic Specialists' 20 physicians, the practice will have more than 140 physicians at 33 offices.

Lexington candy company gets $14.4 million investment

December 4, 2013

(The Lexington Dispatch)

Charlotte investment firm Plexus Capital has invested $14.4 million in Lexington-based Piedmont Candy Co. The company, famous for its Red Bird peppermint puffs, will use the money to add employees and purchase new equipment.

Krispy Kreme share prices fall despite rise in net income

December 4, 2013

(The Winston-Salem Journal)

Krispy Kreme stock fell almost 20% Tuesday, despite the company reporting a 34.4% third-quarter increase in net income to $6.78 million.

Wake Forest Baptist names new strategy officer

December 3, 2013

(The Winston-Salem Journal)

Terry G. Williams has been named vice president of strategy and network development for Wake Forest Baptist Medical Center. Williams has worked with over 200 health-care organizations in his 20-plus year career, most recently as chief strategy and growth officer at a 12-hospital system in the Midwest. 

Unifi buys yarn-maker's assets to expand product lines

December 3, 2013

(The News & Record, Greensboro)

Greensboro-based Unifi has purchased yarn-manufacturing equipment and other assets of American Drawtech, which moved its operations to Yadkinville. A company spokesman said the purchase will allow Unifi to expand its product offerings into industrial belting, hose and thread industries.

Winston-Salem company introduces new energy drink

December 2, 2013

(The Winston-Salem Journal)

A new Winston-Salem beverage company has launched an energy drink as a more authentic alternative to other extreme energy drinks on the market. The drink from Sunshine Beverages LLC has a ginger-berry taste and lists among its ingredients caffeine, electrolytes, vitamin B-12 and ginger-root extract.

Lexington brick-maker to close, sell Cleveland County plant

November 27, 2013

(The Lexington Dispatch)

Cunningham Brick Co., a 104-year-old brick manufacturer based in Lexington, is closing its Lexington office and a plant in Thomasville. Johnson City, Tenn.-based General Shale Inc. has purchased Cunningham's only other existing plant in Cleveland County.

Furniture Brands to become Heritage Home Group

November 26, 2013

(The Winston-Salem Journal)

The new owner of Furniture Brands International will rename the company Heritage Home Group LLC and has named Ira Glazer as its new president and chief executive, replacing Ralph Scozzafava who has resigned. Once the nation's largest furniture manufacturer, Furniture Brands has cut at least 8,860 N.C. jobs over the past 12 years.

Brunstetter will leave N.C. Senate to join Novant Health

November 22, 2013

(The Winston-Salem Journal)

Novant Health announced it has hired N.C. Senator Pete Brunstetter as executive vice president and chief legal counsel. Brunstetter will retire from the N.C. General Assembly on Dec. 15.