Triad

Greensboro developers rally for preservation credits

August 1, 2014

(News and Record, Greensboro)

Preservation Greensboro and Self-Help Credit Union pulled together a press conference on Thursday to support the state's tax credits for historic preservation, which are set to expire Dec. 31 if the General Assembly fails to extend them.

RF Micro and TriQuint schedule shareholder meetings for proposed merger

August 1, 2014

(News and Record, Greensboro)

RF Micro Devices and TriQuint Semiconductor will hold special shareholder meetings Sept. 5 to seek approval to merge the companies.

New Breed bought by Connecticut company

July 31, 2014

(Winston-Salem Journal)

New Breed Holding Co., a logistics company and one of High Point's largest employers, will be acquired by Connecticut-based XPO Logistics for $615 million.

Reynolds American earns $492 million in quarter

July 30, 2014

(Winston-Salem Journal)
Reynolds American Inc. reported second quarter net income increased 6.7 percent to $492 million, as higher pricing and market-share gains for Camel and Pall Mall offset lower sales and costs from launching distribution of the electronic cigarette Vuse.

Vegas furniture market adding showroom space

July 30, 2014

(High Point Enterprise)
International Market Centers, which owns the three major showrooms at the High Point furniture market, is expanding its Las Vegas site with about 134,000-square-feet of additional space. 

Greensboro cracks down on crowded clubs

July 30, 2014

(News and Record, Greensboro)

A nightclub owes nearly $300,000 in fines for repeated overcrowding, which city officials say could cost lives. Visions Entertainment Complex often attracts 1,800 people, double its capacity.

Blogger accuses Berger of charter-school conflict

July 30, 2014

(News and Record, Greensboro)
A retired Winston-Salem stockbroker filed a complaint alleging Senate Pro Tem Phil Berger doesn't want charter school salaries publicized to protect his son's newly approved school.

Sports car group wants Pilot Mountain to itself for a day

July 29, 2014

(Winston-Salem Journal)

Pending legislation would essentially allow a group of vintage sports-care enthusiasts to close Pilot Mountain State Park to the public on Sept. 11.

Drug disappointment forces Targacept to branch out

July 29, 2014

(Winston-Salem Journal)

Targacept's latest clinical-trial disappointment will force the Winston-Salem-based drug developer to attract partnerships or take ownership stakes in areas outside its traditional research.

HondaJet makes its debut

July 29, 2014

(The News & Record, Greensboro)

Honda Aircraft Co., which is based at Piedmont Triad International Airport, debuted its HondaJet at the Experimental Aircraft Association's AirVenture show in Wisconsin.

20 years later: BB&T-Southern National merger

July 28, 2014

(Winston-Salem Journal)

On Aug. 1, 1994, BB&T and Southern National announced a merger that would eventually make the combined bank one of the largest in the country.

ZeekRewards receiver goes after winners

July 28, 2014

(Winston-Salem Journal)

The receiver of ZeekRewards.com is requesting that four people who made money from the Lexington-based Ponzi scheme be forced to repay their profits.

Sales-tax holiday could make a comeback

July 28, 2014

(Winston-Salem Journal)

The N.C. Retail Merchants Association will examine the effects of not having a tax-free weekend this year. It was eliminated as part of the state legislature's tax overhaul.

Greensboro too south for Stone

July 28, 2014

(Greensboro News & Record)

Stone Brewing Co. told Greensboro officials the city was too far south for the California-based brewer's East Coast manufacturing and distribution facilities.

Lorillard investor sues to block Reynolds acquisiton

July 25, 2014

(News & Record, Greensboro)

A Lorillard investor seeking to represent all company shareholders has filed a lawsuit to stop Reynolds American's $27.4 billion acquisition of the Greensboro-based cigarette maker, according to a Bloomberg report.

Profits up at Winston-Salem-based Hanesbrands

July 24, 2014

(Winston-Salem Journal)

Hanesbrands reported a $154.6 million profit for the second quarter, driven by increased sales in apparel. That compares with $121.6 million a year ago. The company raised its 2014 earnings guidance by 40 cents.

Cambro begins hiring in Alamance

July 24, 2014

(The Times-News, Burlington)

Cambro will hire 60 people for jobs at its new production and distribution center in Mebane, which is expected to open in early 2015. The California-based company announced earlier this year it would invest $30.4 million in the plant and hire 300 workers. Cambro makes storage items for the food-service industry.

Heritage Home moving headquarters to High Point

July 23, 2014

(High Point Enterprise)

Heritage Home Group will move its headquarters from St. Louis to High Point, where it will employ about 300. Heritage Home was formed last year when KPS Capital Partners bought assets of Furniture Brands International out of bankruptcy.

Herbalife stock soars 25% after Ackman presentation

July 23, 2014

(Winston-Salem Journal)

Following hedge-fund manager Bill Ackman's attempt to expose Herbalife Inc. as a pyramid scheme in a three-hour presentation on Tuesday, investors seemed unfazed by his criticism and the company's stock rose $13.75 to $67.77. 

Greensboro's Natty Greene's expanding despite trademark battle

July 23, 2014

(News & Record, Greensboro)

Natty Greene's is undergoing a third expansion at its Greensboro brewery, and other cities have shown interest in the brand. Meanwhile, the brewer is battling Anheuser-Busch, which filed an opposition to its trademark application over the "Natty" name.