Triad

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.

Reynolds redo will revitalize Winston-Salem

June 30, 2014

(Winston-Salem Journal)

The decades-long effort to revitalize downtown Winston-Salem will get a shot in the arm from the proposed $60 million renovation of the iconic Reynolds building.

HondaJet takes flight

June 30, 2014

(Winston-Salem Journal)

Honda Aircraft Co. says that its light business jet, HondaJet, achieved an important milestone Friday when it took flight for the first time.

Auto insurer moves 700 in Winston-Salem

June 30, 2014

(Winston-Salem Journal)

National General Holdings, formerly GMAC, moved 700 employees from the GMAC Insurance building to office buildings in Madison Park.

VF Corp.'s shopping lab

June 30, 2014

(News & Record, Greensboro)

VF Corp. recently opened a retail lab in Greensboro to study how shoppers select items.

Tanger, O'Sullivan win entrepreneurship awards

June 27, 2014

(News & Record, Greensboro)

Steven Tanger, president and CEO of Greensboro-based Tanger Factory Outlet Centers, received Ernst & Young's 2014 Entrepreneur of the Year award in the category of hospitality and retail for the Southeast region. Mort O'Sullivan, CEO of Mebane-based ARCA, which sells cash automation systems, received the award in the technology category.

United Furniture to bring 200 jobs to Winston-Salem

June 26, 2014

(WFMYNews2.com)

United Furniture will hire 200 workers at a manufacturing and distribution center in Winston-Salem. The company, which has locations in Archdale, High Point and Lexington, will occupy the former Hanesbrands Weeks hosiery plant. The Okolona, Miss.-based company will receive $300,000 in local incentives.

Hanesbrands to acquire European apparel company for $544M

June 26, 2014

(Winston-Salem Journal)

Winston-Salem-based Hanesbrands will acquire French intimate-apparel manufacturer DBApparel for $544 million. The two companies were owned by Chicago-based Sara Lee Corp. until 2006, when Sun Capital Partners bought DBA and Hanesbrands was spun out as a publicly traded company. 

Carbone named president of Wake Forest Baptist

June 25, 2014

(Winston-Salem Journal)

Karen Barbara "Bobbi" Carbone was named president of Wake Forest Baptist Health, the Winston-Salem-based health system announced Tuesday. Carbone joined the system in March as executive vice president and chief operating officer. She replaces Thomas Sibert, who previously announced plans to retire on Aug. 31. 

Greensboro's Natty Greene's faces trademark battle

June 24, 2014

(News & Record, Greensboro)

Anheuser-Busch is challenging a trademark application filed by Greensboro-based Natty Greene's Brewing Co. The St. Louis-based company says it has been using the "Natty" name since 1998 in connection with its Natural Light line of beers.

Analyst sees value in Reynolds' natural-tobacco subsidiary

June 23, 2014

(Winston-Salem Journal) 

A leading analyst says Reynolds American has an "unappreciated asset" in its Santa Fe Natural Tobacco Co. subsidiary, and a sale or spin-off of the company, which could be worth up to $6 billion, makes sense whether or not Winston-Salem-based Reynolds moves to acquire Greensboro-based rival Lorillard.

FDA extends public comment period on e-cigarettes

June 23, 2014

(Winston-Salem Journal)

The Food and Drug Administration extended the public comment period for feedback on how it should regulate electronic cigarettes until Aug. 8. The agency released a proposal in May that would extend its regulatory authority to e-cigarettes. The proposal recommends banning sales of e-cigarettes to youth and requiring health-warning labels on the products.

Eaton settles 10-year legal case involving Clemmons aerospace company

June 20, 2014

(Winston-Salem Journal)

Cleveland-based Eaton Corp. will pay $135.5 million to Berwyn, Pa.-based Triumph Group, parent company of a Clemmons-based aerospace company, to settle a 10-year-old legal battle. Eaton also will pay $12.2 million to six employees of Frisby Aerospace Corp. who had previously worked for Eaton.

Reynolds begins national distribution of e-cigarettes

June 18, 2014

(Winston-Salem Journal)

Reynolds-American will begin selling VUSE electronic cigarettes nationwide on Monday. The product is currently distributed only in Colorado and Utah. The Winston-Salem-based company recently announced it will hire 200 people to produce the e-cigarettes at its Tobaccoville plant.