Triad

Herbalife distributors questioned by authorities

April 7, 2015

(Winston-Salem Journal)

Federal law-enforcement officials have contacted 10 leading Herbalife distributors to inquire about their business practices, according to a CNBC report. Hedge-fund manager Bill Ackman has accused the company, which cut the ribbon on its Winston-Salem production plant in January (Statewide, March), of operating a pyramid scheme, and multiple federal investigations regarding its business practices are ongoing.

Report: Business-jet sales could propel HondaJet

April 6, 2015

(News & Record, Greensboro)

A new report shows the business-jet market is expect to grow by more than 6.8% by 2019, and Greensboro-based Honda Aircraft is poised to become a key player. The company said in March it is close to receiving final FAA certification for its HondaJet light aircraft, which is being manufactured at Piedmont Triad International Airport.

DENR: Coal-ash cleanup could begin in August

April 2, 2015

(News & Record, Greensboro)

The N.C. Department of Environment and Natural Resources said Duke Energy could begin excavating coal ash at its Riverbend Station near Mount Holly in late August.

Novant reports lower net profit in 2014

April 2, 2015

Novant Health said it had net income of $201.8 million in 2014, down from $273 million in the previous year. That included an investment gain of $28.9 million. Revenues increased 5.4% to $3.79 billion from 2013.

Reynolds subsidiaries debut new products

April 1, 2015

(Winston-Salem Journal)

R.J. Reynolds Tobacco will launch Camel White, a premium-branded cigarette, in 21 western and midwestern states. Reynolds American sudsidiary American Snuff, which makes the top-selling Grizzly-branded snuff product, also introduced a new dark wintergreen flavor Tuesday.
Related: Reynolds confronting antitrust concerns over Lorillard merger, Bloomberg Business

DHHS audit finds deficiencies

April 3, 2015

(Greensboro News & Record)

An audit of the state Department of Health and Human Services showed significant errors and deficiencies in its oversight of state programs, including errors in 24% of 272 claims sampled that resulted in $464,942 in overpayment.

President of Wake Forest Baptist Health steps down

March 31, 2015

(Winston-Salem Journal)

Karen "Bobbi" Carbone is stepping down as president of Wake Forest Baptist Health, a division of Wake Forest Baptist Medical Center. Carbone joined the division in March 2014 as chief operating officer and became president when Thomas Sibert retired in August. The Winston-Salem-based health system said Carbone is leaving "to pursue other opportunities." Mike Rutherford, chief financial officer, also plans to step down in April.

Report: Tobacco companies face final FTC review

March 31, 2015

(Winston-Salem Journal)

Reynolds American and Lorillard this week could hold a final meeting with members of the Federal Trade Commission regarding the companies' proposed $27.4 million merger, according to a report in The Wall Street Journal. The tobacco companies said they expect the deal to close by June 30. Shareholders of both companies approved the merger in January.

HondaJet a step closer to final approval

March 30, 2015

(News & Record, Greensboro)

Honda Aircraft has received "provisional type certification" from the Federal Aviation Administration for its HondaJet light aircraft, which it manufactures at Piedmont Triad International Airport ("Ready to Take Off," February 2014). The company says it expects to obtain final certification within the next few months.

Winston-Salem psychiatric hospital seeks to expand

March 26, 2015

(Winston-Salem Journal)

Old Vineyard Behavioral Health Services in Winston-Salem wants to add 60 inpatient psychiatric beds, an expansion that would give it a total of 52 child and adolescent and 104 adult inpatient beds. If approved by state regulators, the 43,000-square-foot expansion will cost $13.8 million.

Salem College halfway to goal in capital campaign

March 26, 2015

(News & Record, Greensboro)

Salem Academy and College in Winston-Salem has raised $30.3 million toward its $60 million goal in a capital campaign.

BB&T joins coalition seeking to change regulation

March 24, 2015

(The Charlotte Observer)

BB&T joined nine other financial institutions in forming a coalition that opposes Dodd-Frank Act requirements for regional banks. The Washington, D.C.-based Regional Bank Coalition argues that regional banks have business models more akin to community banks and shouldn't face the same regulation as the largest U.S. banks.

Guilford commissioners study transition plan for prison farm

March 24, 2015

(The Times-News, Burlington)

Guilford County commissioners will consider a plan that would allow local farmers to lease land and greenhouses at the site of the 806-acre prison farm located in Alamance and Guilford counties. County leaders in 2013 proposed developing the site for advanced manufacturing and data centers (Statewide, March 2015), though that plan has not moved forward, Commissioner Alan Branson said.

BB&T completes acquisition of Texas Citibank branches

March 23, 2015

(Winston-Salem Journal)

BB&T completed its $121.9 million purchase of 41 Citibank branches in Texas, making it the 14th largest bank in the Lone Star State. Most of the branches are in Dallas and Houston. The Winston-Salem-based bank acquired 21 Texas Citibank branches, mostly in the Austin and San Antonio markets, last June.

Winston-Salem's Clinical Ink raises $17 million

March 23, 2015

(Winston-Salem Journal)

Clinical Ink, a Winston-Salem-based clinical-research technology firm, raised $17 million in venture-capital funding and will acquire Boston-based CentrosHealth. Founded in 2006, the company also announced it will partner with pharmaceutical company Novartis, which was drawn to the company's electronic platform for use in clinical trials.

Greensboro's Urban Loop to shape area's development

March 23, 2015

(News & Record, Greensboro)

Greensboro's 44-mile Urban Loop is expected to fuel growth in the city's suburbs and open up land for industry by improving access to Piedmont Triad International Airport.

Plastics company adding 50 jobs in Davidson County

March 20, 2015

(Winston-Salem Journal)

Thomson Plastics will add 50 jobs in Davidson County. The company will acquire a 106,200-square-foot plant previously occupied by Tarheel Plastics and invest $2.5 million in renovations and equipment. Thomson makes plastic casings for motors used in lawn mowers, golf carts and HVAC equipment.

Councill Furniture closing Denton plants

March 19, 2015

(News & Record, Greensboro)

Councill Furniture will close its Davidson County plants, where the company employs about 125 people, at the end of June. The company was recently sold to RHF Investments, and the Denton factories were not included in the transaction.

 

Packaging company adding 100 jobs in High Point

March 18, 2015

(News & Record, Greensboro)

Packrite will invest $8.9 million to expand its High Point plant and will add 100 jobs to its 78. The locally based packaging company was ranked No. 205 on the Inc. magazine's list of the 500 fastest-growing companies in the United States. Packrite makes cardboard and paperboard packaging for a variety of products.

FAA approves engines for HondaJet light aircraft

March 18, 2015

(News & Record, Greensboro)

Honda Aero received certification from the Federal Aviation Administration for the engines it produces for the HondaJet light aircraft. Burlington-based Honda Aero is the sister company of Honda Aircraft, which is building the corporate jets at Piedmont Triad International Airport in Greensboro ("Ready to Take Off," February 2014).