Triad

Dispute over Yadkinville hospital closure could head to trial

September 1, 2015

(Winston-Salem Journal)

A lawsuit over the closing of Yadkin Valley Community Hospital could go to trial next June. The county claims the hospital's operator, HMC/CAH Consolidated, and its parent company breached their contract by abruptly closing the 20-bed hospital on May 22 (Statewide, July).

Novant Health posts increase in excess income

August 31, 2015

(Winston-Salem Journal)

Novant Health reported excess income of $125 million for the first half of 2015, a 23% increase compared with the same period a year ago. The Winston-Salem-based health care system employs 25,000 people across four states.

High Point group courts Trader Joe's

August 28, 2015

(High Point Enterprise)

A group of High Point residents is urging Monrovia, Calif.-based grocery retailer Trader Joe's to open a store in the city. Bring Trader Joe's to High Point's Facebook page has more than 6,000 followers. The company's only Triad location is in Winston-Salem; plans for a Greensboro store were canceled after local residents protested the rezoning for the proposed site.

Triad manufacturers look to high schools to recruit workers

August 27, 2015

(The Times News, Burlington)

Seven Triad area employers, including GKN Driveline, are launching an apprenticeship program for high school students in an effort to close the skills gap facing the advanced manufacturing industry.

High Point truck-body manufacturer plans to expand

August 26, 2015

(High Point Enterprise)

Mickey Truck Bodies has bought the former Pearson furniture plant in High Point and plans to expand. Founded in 1904, the company makes truck bodies and trailers for beverage distributors and emergency vehicles and employs 328, including 275 in North Carolina. The Pearson plant was closed in 2014.

Krispy Kreme adding 10 shops in Myanmar

August 26, 2015

(Winston-Salem Journal)

Krispy Kreme Doughnuts will become one of the first western brands to enter Myanmar, formerly Burma, when it adds 10 shops there through a franchisee agreement. The Winston-Salem company has more than 1,000 locations, including 700 international shops.

Tiger Woods helps drive huge ratings for Greensboro tournament

August 25, 2015

(The News & Record, Greensboro)

With Tiger Woods in contention, Greensboro's Wyndham Championship on Sunday drew the biggest TV ratings for a nonmajor golf tournament in more than two years. Woods was two shots off the lead when the final round started on Sunday, but finished tied for 10th place. Charlotte native Davis Love III won by one stroke.

BB&T to slow rate of acquisitions

August 24, 2015

(Winston-Salem Journal)

BB&T says it plans to take a break from acquisitions after announcing plans to buy National Penn Bancshares for $1.8 billion.The deal will give the Winston-Salem-based bank nearly $220 billion in assets; banks with more than $250 billion face stricter regulatory requirements. CEO Kelly King says the bank has begun planning for the time when it reaches that threshold.

Targacept sale complete

August 24, 2015

(Winston-Salem Journal)

San Francisco-based Catalyst Biosciences has completed its purchase of Targacept. The drug developer will shut down its Winston-Salem operations, where three years ago it employed as many as 144 workers.

Woods boosts attendance at Greensboro's Wyndham

August 21, 2015

(News & Record, Greensboro)

Tiger Woods' inaugural appearance at the Wyndham Championship in Greensboro is attracting large crowds, with an estimated 24,000 people attending on Thursday. Free admissions – offered to veterans, teachers and others – have almost tripled. The golf tournament plans to cap attendance between 30,000 and 32,000 per day this weekend. 

Winston-Salem-based Targacept's sale to Catalyst nears completion

August 20, 2015

(Winston-Salem Journal)

Shareholders of Targacept approved the sale of the company to San Francisco-based Catalyst Biosciences. The drug-development company once employed 144 people in Winston-Salem; few of its 10 remaining employees are expected to work for Catalyst after the deal closes, which could be as soon as Thursday.

Candy-maker begins production in Mebane

August 19, 2015

(The Times-News, Burlington)

Morinaga has begun production at its candy factory in Mebane. The Japanese company, which makes Hi-Chew, a candy that gained popularity in Asian markets and can now be found in convenience and grocery stores across the U.S., is investing more than $48 million in the plant and plans to hire 90 workers by 2018.

Excess revenue increases more than 36% at Cone Health

August 19, 2015

(Winston-Salem Journal)

Greensboro-based Cone Health reported excess revenue – the same as profit for a nonprofit organization – of $57 million, an increase of 36.6%.

BB&T to acquire National Penn Bancshares

August 18, 2015

(Winston-Salem Journal)

Two weeks after completing its acquisition of Susquehanna Bancshares, BB&T said it will purchase National Penn Banchshares, based in Allentown, Pa., in a cash and stock deal valued at about $1.8 billion. National Penn has assets of $9.6 billion and 124 offices in Pennsylvania, New Jersey and Maryland.

Woods to play Wyndham for 1st time

August 18, 2015

(News & Record, Greensboro)

Tiger Woods will play in Greensboro's Wyndham Championship for the first time. The first round of the golf tournament, held at Sedgefield Country Club, begins Thursday.

Two developers interested in Winston-Salem City Center parking deck.

August 14, 2015

(Winston-Salem Journal)

Grubb Properties of Charlotte and Tight Line Partners of Winston-Salem have shown interest in acquiring a 730-space parking deck from the city of Winston-Salem, a city official said. The property is expected to sell for about $2 million. Tight Line is run by veteran Triad developer John Reece, while Clay Grubb heads Grubb Properties.

 

Developer wants city to help with renovations

August 13, 2015

(Winston-Salem Journal)

 

Developer Mike Coe wants the city of Winston-Salem to help renovate the downtown Pepper Building for stores and 54 apartments. 

HAECO eager to expand, waiting on permits

August 7, 2015

(News & Record, Greensboro)

HAECO Americas, formerly Timco Aviation, is awaiting state and federal permits to build a new, 180,000-square-foot hangar near Piedmont Triad International Airport. The company plans to add 400 jobs to its existing 1,600 when the expansion is complete.

ZeekRewards receiver releases another $89M

August 7, 2015

(Winston-Salem Journal)

Ken Bell, the court-appointed receiver in the ZeekRewards.com case, issued 112,734 checks totaling $89.2 million to victims of the Lexington-based Ponzi scheme, bringing total distributions to $246.05 million. Another distribution is planned for Oct. 31.

High Point groups agree on merger

August 6, 2015

(High Point Enterprise)

Members of the High Point Chamber and High Point Partners voted unanimously to merge into one economic-development group. Business High Point has secured pledges from 22 businesses that have agreed to contribute $20,000 annually to the group.