Triad

Walker defeats Berger in 6th District GOP primary

July 16, 2014

(News & Record, Greensboro)

Mark Walker defeated Phil Berger Jr. in a runoff election of the Republican primary for the 6th Congressional District on Tuesday. Unofficial returns show Walker earned 60% of the vote, despite Berger's deep political connections in North Carolina.

Reynolds American to buy Lorillard for $27.4 billion

July 15, 2014

(Winston-Salem Journal)

Winston-Salem-based Reynolds American has agreed to purchase Greensboro-based Lorillard for $27.4 billion. As part of the deal, United Kingdom-based Imperial Tobacco Group will buy selected brands including blu eCigs and will acquire Lorillard's Greensboro manufacturing operations where the tobacco company employs 2,900.

Experts weigh in on potential tobacco merger

July 15, 2014

(Winston-Salem Journal)

A potential acquisition of Greensboro-based Lorillard by Winston-Salem-based Reynolds American could lead to hundreds of job cuts as the combined company would look to achieve cost savings of up to $900 million, according to one analyst.

Reynolds, Lorillard confirm merger talks

July 14, 2014

(Winston-Salem Journal)

After months of speculation, Reynolds American and Lorillard confirmed they are negotiating a potential acquisition of Lorillard by Reynolds. U.K.-based Imperial Tobacco Group also is in talks with the companies to buy some of their non-growth brands.

Davie, Yadkin residents organize against fracking

July 14, 2014

(Winston-Salem Journal)

A grassroots effort against fracking for natural gas is underway in Davie and Yadkin counties after state Sen. Andrew Brock proposed an amendment to the state Senate's budget proposal that would provide funds for test drilling in the Davie County shale basin.

 

New music venue coming to Greensboro

July 11, 2014

(News & Record, Greensboro)

A concert venue affiliated with House of Blues Entertainment and Live Nation will open in Greensboro in November.  The name of the club, which will accommodate up to 850 guests, has not been announced.  

Imperial Tobacco in talks with Triad tobacco companies

July 11, 2014

(Winston-Salem Journal)

U.K.-based Imperial Tobacco Group says it is in talks with Winston-Salem-based Reynolds American and Greensboro-based Lorillard to acquire some of their brands and assets. 

Report fuels rumor of BAC buyout of Reynolds American

July 10, 2014

(Winston-Salem Journal)

A British media outlet reported Wednesday that British American Tobacco could spend up to $75 a share, or $23.3 billion, to buy all of the remaining shares of Reynolds American stock it doesn't own.

Herbalife plant readies for production

July 9, 2014

(Winston-Salem Journal)

Herbalife will hold a job fair at its Winston-Salem plant as the vitamin-maker prepares to begin production. A company spokesman says it has already hired more than 290 of 493 employees the company committed to hire by the end of 2015 at the $130 million plant.

Publix to open Winston-Salem store by end of 2015

July 9, 2014

(Winston-Salem Journal)

Publix Super Markets plans to open a grocery store in Winston-Salem by the end of 2015, according to a company spokeswoman. The Lakeland, Fla.-based grocery store chain currently has two stores in North Carolina, both in the Charlotte area.

Dunkin' Donuts opening five Greensboro shops

July 9, 2014

(News & Record, Greensboro)

Dunkin' Donuts will open five stores in Greensboro as part of the Canton, Mass.-based company's plan to double its number of U.S. stores. The doughnut-maker has more than 300 restaurants in North Carolina.

German yarn-maker to open Mount Airy distribution center

July 8, 2014

(Winston-Salem Journal)

Südwolle Group will open an 18,000-square-foot distribution center in Mount Airy. The Nuremberg, Germany-based company makes wool yarns, including those for legwear and outdoor apparel. The company did not say how many jobs it will create, but will release more details later this month.

Section of High Point's Montlieu Ave. to close for HPU expansion

July 7, 2014

(High Point Enterprise)

A half-mile section of Montlieu Ave. in High Point will close to through traffic July 30 and will become an entrance for High Point University's new pharmacy and health sciences schools. School officials said earlier this year they would consider locating the schools outside of High Point if the city couldn't help accommodate the expansion.

Share prices rise after another report of potential tobacco merger

July 7, 2014

(Winston-Salem Journal)

After CNBC reported that a merger deal between Winston-Salem-based Reynolds American and Greenboro-based Lorillard could be announced by the end of the month, share prices rose for both companies on Thursday.

CommunityOne Bank expanding in Triad

July 3, 2014

(Winston-Salem Journal)

Charlotte-based CommunityOne Bank plans to open a Winston-Salem office and has hired three commercial bankers previously with Greensboro-based NewBridge Bank to increase its presence in the Triad. The community bank has 50 branches and about $2 billion in assets.

Green named new president of Reidsville's Annie Penn Hospital

July 3, 2014

(News & Record, Greensboro)

Debbie Green will become president of Annie Penn Hospital, a member of Greensboro-based Cone Health, and Cone Health Behavioral Health Hospital effective July 13. She replaces Mickey Foster, who became president of The Moses H. Cone Hospital and executive vice president of Cone Health.

Unemployment up, but economy still on track

July 2, 2014

(The Burlington Times-News)

The state's unemployment rate rose to 6.4% in May, up from 6.2% the month before, but the economy is still improving, according to one economist.

Settlement closes wound for Wake Forest Baptist

July 2, 2014

(Winston-Salem Journal)

Wake Forest Baptist Medical Center agreed to a $280 million settlement from a San Antonio company over a legal dispute involving a wound-treatment device.

Republic agrees to pay $125 million toward obligations

July 2, 2014

(Winston-Salem Journal)

In an agreement with the N.C. Insurance Department, the parent of Winston-Salem-based Republic Mortgage Insurance Co. has agreed to pay $125 million toward meeting obligations on client claims.

Will Lorillard-Reynolds merger become a foursome?

July 1, 2014

(News & Record, Greensboro)

A fourth party may need to be involved for the rumored Reynolds American-Lorillard merger to become a reality.