Triad

Burlington Industries gets $2.2 million military contract

June 2, 2014

(Winston-Salem Journal)

Burlington Industries was granted a $2.2 million contract to produce fabric for physical training shorts for the U.S. Marine Corps. Burlington, a division of Greensboro-based International Textile Group, has been awarded eight military contracts over the past 12 months. 

Mihal named new president of Forsyth Medical Center

June 2, 2014

(Winston-Salem Journal)

Denise Mihal becomes president of Forsyth Medical Center today. The Newark, N.J. native will be the sixth female hospital president at Winston-Salem-based Novant.

Asheboro medical-devices plant to close; 635 workers affected

May 30, 2014

(Winston-Salem Journal)

Arrow International will close its Asheboro plant by 2017 and 635 people will lose their jobs. The company, which makes medical devices including cathethers and surgical kits, is moving production to Mexico. Arrow is owned by Wayne, Pa.-based Teleflex Inc.

N.C. A&T foundation worker charged with embezzlement

May 30, 2014

(News & Record, Greensboro)

An employee at N.C. A&T University Foundation has been charged with embezzling about $400,000 over three years. Former Director of Accounting Shirlye Grandy was charged with embezzlement, obtaining property by false pretenses, corporate malfeasance and computer fraud.

 

House of Raeford to hire 200 at Davie County chicken plant

May 28, 2014

(Winston-Salem Journal)

Rose Hill-based House of Raeford Farms will open a poultry-processing plant in Mocksville and hire 200 workers over the next two years. The company, which eliminated 890 jobs in Raeford and Rose Hill last year, bought the former Crestwood Farms/Townsend 65,000-square-foot plant for an undisclosed amount and plans to resume production there this summer. 

Wake Forest promotes Iacovou to dean of business school

May 28, 2014

(Winston-Salem Journal)

Charles Iacovou will become dean of the Wake Forest School of Business effective July 1. Iacovou has been with the university for seven years and has served as vice dean for the past two years. He replaces Steve Reinemund, who is stepping down after six years in the post.

Reynolds to add 200 jobs for e-cigarette production

May 27, 2014

(Winston-Salem Journal)

Reynolds American's Friday announcement of an expansion at its Tobaccoville plant for the production of electronic cigarettes came just 23 days after CEO Susan Cameron returned as the company's president and chief executive. The company will add 200 jobs over four years as it begins production of its VUSE brand e-cigarettes in Forsyth County.

High Point Regional cutting 155 positions

May 23, 2014

(The News & Record, Greensboro)

High Point Regional Health will eliminate 115 jobs, or about 5% of its workforce. Company officials cited reduced Medicare and Medicaid reimbursements and the impact of health-care reform as reasons for the cuts. Affected workers will be able to apply for other jobs within the the High Point Regional system or with UNC Health Care.

RJR building to become hotel, apartments

May 23, 2014

(Winston-Salem Journal)

The former R.J. Reynolds Tobacco Co. headquarters in downtown Winston-Salem has been sold to a Philadelphia developer that will convert it to a hotel, apartments and restaurant. PMC Property Group will pay $7.8 million for the 22-story building that first opened in 1929.

Winston-Salem company investigated for wire, health-care fraud

May 22, 2014

(Winston-Salem Journal)

Federal agents have seized documents, chemicals and other items as part of an investigation of Winston-Salem-based Carolina Liquid Chemistries Corp. The life-sciences company has been accused of wire fraud and health-care fraud worth about $135 million. 

Hotel developer buys downtown Winston-Salem property

May 22, 2014

(Winston-Salem Journal)

Greensboro-based CN Hotels Inc. paid $975,000 for a half-acre site in downtown Winston-Salem, though a company representative declined to comment on plans for the property.

E-cig factory, 300 jobs may be coming to Forsyth

May 21, 2014

(Winston-Salem Journal)

N.C. Rep. Julia Howard said an announcement will be made this week regarding the opening of a plant that makes components for electronic cigarettes. The Davie County Republican mentioned the project while the state General Assembly was discussing whether or not to add an excise tax to e-cigs. The factory, believed to be in Forsyth County, would employ about 300.

Ellwood Group to sell Rural Hall plant

May 21, 2014

(Winston-Salem Journal)

Ellwood Advanced Components, which previously announced plans to close its Rural Hall plant and lay off 144 workers by 2016, is selling the factory to an unidentified buyer. A notice filed with the N.C. Commerce Department said its remaining 55 workers may keep their jobs when the new company assumes ownership. The Ellwood City, Pa.-based company makes components for gas and steam turbines.

First HondaJet model revealed at airshow

May 20, 2014

(News & Record, Greensboro)

Honda Aircraft Co. introduced its new HondaJet aircraft at a Geneva airshow on Monday. The lightweight business jets are being manufactured at Piedmont International Airport. The company hopes to deliver the first jets in 2015, pending FAA certification. 

Former NY Times editor gives upbeat speech to Wake Forest graduates

May 20, 2014

(Winston-Salem Journal)

In her first public appearance since she was fired last week, former New York Times Executive Editor Jill Abramson delivered the commencement address at Wake Forest University on Monday. A bevy of reporters from national media outlets were on hand to hear Abramson's speech, which focused on resilience.   

Belk closing Greensboro store

May 20, 2014

(News & Record, Greensboro)

Belk will close its store at Greensboro's Four Seasons Mall in February 2015 to focus on a new store in High Point and a renovated Friendly Center location. All 58 employees may apply for jobs at other Belk locations.

Winston-Salem mulls allowing golf-carts on city streets

May 19, 2014

(Winston-Salem Journal)

Winston-Salem will consider allowing the use of golf carts in its central business district. A couple has proposed a golf-cart shuttle business similar to others operating in Nashville, Tenn. and Denver that would provide transportation for people from parking decks to their destinations. 

NC considers tax on e-cigarettes

May 16, 2014

(The Charlotte Observer)

State legislators are considering a tax on e-cigarettes after Winston-Salem-based Reynolds American proposed a bill that would tax them at a much lower rate than traditional cigarettes. The bill, which would impose a 5-cent tax per milliliter of liquid nicotine compared with a 45-cent tax per pack of traditional cigarettes, was approved by the House Finance Committee and will go the House next week.

Bank of the Carolinas reports first quarter loss

May 16, 2014

(The Winston-Salem Journal)

Mocksville-based Bank of the Carolinas reported a loss of $1.77 million for the first quarter, compared with a loss of $106,000 a year ago. While revenue from fees was up slightly for the quarter, revenue from loans was down 57.7% to $1.6 million. 

Greensboro may get another downtown hotel

May 16, 2014

(News & Record, Greensboro)

Greensboro-based CN Hotels is in negotiations with the owners of a downtown Greensboro property to build a hotel on the 1.45-acre parcel. It would be the fourth new hotel planned or proposed in the downtown area.