Triad

Cone Health ranks highest in patient safety among Triad's large hospitals

October 29, 2014

(Winston-Salem Journal)

Greensboro's Cone Health is the top-ranked large hospital in the Triad when it comes to patient safety, according to the Leapfrog Group's latest semiannual report. The Moses Cone Hospital received an A grade, while Novant Health Forsyth Medical Center and Wake Forest Baptist Medical Center received B grades. Leapfrog reviews 28 measures of patient safety when compiling its report.

La-Z-Boy to close division office in High Point

October 29, 2014

(High Point Enterprise)

La-Z-Boy will close its High Point office as a result of a corporate restructuring of its casegoods business. Some of the furniture manufacturer's 38 employees in High Point will be offered positions at the company's Hudson plant.

Triad region must adapt to changes in manufacturing industry

October 29, 2014

(News & Record, Greensboro)

A recent White House report highlights some of the Triad region's struggles to maintain and grow its manufacturing workforce, including encouraging young people to pursue careers in the industry.

Drone maker seeks millions from Winston-Salem

October 28, 2014

(Winston-Salem Journal)

Drone maker Olaeris has asked Winston-Salem to provide more than $5 million over five years to bring its company and about 150 jobs to Smith Reynolds Airport. Olaeris, which plans to market its unmanned aircraft to law enforcement groups and first responders, has asked the state to invest $6 million. Chief executive Ted Lindsley says he is in talks with local governments in two other states.
Related: Will North Carolina be the first in unmanned flight? ("Pie in the sky," September)

Reynolds American may sell Doral in tobacco merger

October 28, 2014

(Winston-Salem Journal)

Reynolds American may have to include its Doral cigarette brand as part of its divestiture to Imperial Tobacco Group in order to receive Federal Trade Commission approval for its proposed acquisition of Greensboro-based Lorillard. Winston-Salem-based Reynolds has already agreed to sell Kool, Salem and Winston brands as well as Lorillard's blu eCigs electronic-cigarette brand.

Industry report shows furniture manufacturing returning to US

October 27, 2014

(High Point Enterprise)

A new report shows that offshoring is losing its appeal with American manufacturers as labor costs rise in Asia. Other reasons manufacturers are bringing jobs back the U.S. include access to skilled labor, lower transportation costs and ease of the business environment. The report notes that Mexico – which has lower manufacturing costs than China – is continuing to emerge as an industry leader.

Herbalife exec says company will be exonerated

October 27, 2014

(Winston-Salem Journal)

The CFO of Los Angeles-based Herbalife says he believes the company will be exonerated of accusations by hedge-fund manager Bill Ackman that it operates as a pyramid scheme. The company, which sells nutritional and weight-loss products, has hired about 300 employees at its new Winston-Salem manufacturing plant, where it eventually plans to employ 493 people.

Thomas Built Buses adding 236 jobs in High Point

October 24, 2014

(Winston-Salem Journal)

Thomas Built Buses confirmed Thursday it will add 236 jobs and invest $11.8 million in an expansion of its High Point plant, where it currently employs about 1,400 full- and part-time workers. The company will receive $372,098 in local incentives – it didn't request state incentives for the expansion.

TIMCO changes name to Haeco

October 24, 2014

(News & Record, Greensboro)

Greensboro's TIMCO Aviation is now called Haeco. Hong Kong Aircraft Engineering Co. paid $338.8 million for TIMCO in 2013 and now operates its worldwide companies under the Haeco Group name. The company maintains and repairs jet airplanes and employs about 1,800 in the Triad.

Reynolds American to ban smoking in the workplace

October 23, 2014

(WRAL.com)

Beginning next year, Reynolds American will no longer allow employees to smoke cigarettes, cigars or pipes in offices and other common areas. The Winston-Salem-based cigarette maker will add indoor smoking areas for those who want to light up. The company will allow the use of electronic cigarettes and other smokeless tobacco products.

Wake Forest to end traditional MBA program

October 23, 2014

(The Charlotte Observer)

Wake Forest School of Business is discontinuing its traditional MBA program to focus exclusively on its program for working professionals, which has experienced double-digit growth in the last five years. The program offers evening and weekend classes at campuses in Charlotte and Winston-Salem.

Imperial confirms new company formed in tobacco merger will be based in Greensboro

October 23, 2014

(News & Record, Greensboro)

The new company formed after Imperial Tobacco Group acquires several cigarette brands from Lorillard and Reynolds American as part of the companies' merger deal will be headquartered in Greensboro, the British company confirmed Tuesday.

UNCG chancellor announces retirement

October 22, 2014

(News & Record, Greensboro)

UNC Greensboro Chancellor Linda Brady will retire July 31, 2015. She plans to take a sabbatical and then return as a faculty member in 2016.

Honda Aircraft begins $19M expansion at Piedmont Triad airport

October 21, 2014

(Winston-Salem Journal)

Honda Aircraft has begun a $19 million expansion at Piedmont Triad International Airport that will increase its space by more than 74,000 square feet. The company expects to receive FAA certification of its HondaJet light corporate aircraft in early 2015 ("Ready to take off," February). The expansion brings the company's total investment at Piedmont Triad to about $160 million.

Lorillard CEO could get $44M payout after tobacco merger

October 21, 2014

(News & Record, Greensboro)

Lorillard CEO Murray Kessler could receive a compensation package valued at $44.7 million following his company's planned $25 million merger with Winston-Salem-based Reynolds American. Kessler also will get a seat on the combined company's board of directors when the deal closes, expected to be in the first half of 2015.

Davidson County moves ahead with plans for 431-acre industrial park

October 20, 2014

(Winston-Salem Journal)

Davidson County has closed on about 100 acres in the first phase of a 431-acre industrial park it hopes will attract advanced manufacturers and other companies. The county's Economic Development Commission says it has options on an additional 126 acres and is conducting due diligence on another 205.

Ashley Furniture unveils Davie County furniture factory

October 20, 2014

(Winston-Salem Journal)

The world's largest furniture maker unveiled its new 2.8-million-square-foot manufacturing and distribution center in Advance on Friday. Ashley Furniture Industries plans to employ 800 people at the plant by year-end.

High Point Market continues through Thursday

October 20, 2014

(Winston-Salem Journal)

Furniture officials hope growth in consumer confidence and an improved housing market will lead to more orders. Pre-registration for the semiannual High Point Market was up about 3% over last fall, according to Tom Conley, president of the High Point Market Authority. The trade show generally attracts between 70,000 and 80,000 participants.

BB&T to cut 800 jobs

October 17, 2014

(Winston-Salem Journal)

BB&T will eliminate about 800 jobs – about 2% of its workforce – in the fourth quarter as part of a corporate restructuring, though the Winston-Salem-based bank declined to say how many of the cuts will be in North Carolina. Most of the affected jobs are in mortgage and community banking.
Related: BB&T reports third-quarter profit of $520 million

Thomas Built Buses gets approval for local incentives

October 17, 2014

(Winston-Salem Journal)

Local governments approved incentives for Thomas Built Buses to expand its High Point operations. The locally based company will decide by Dec. 1 if it will move forward with the expansion, which would include an investment of $12 million and the addition of 236 jobs in 2015.