Triad

ZeekRewards receiver issues second round of claim checks

February 10, 2015

(Winston-Salem Journal)

The receiver in the ZeekRewards.com case mailed out $12.7 million in reimbursement checks to 8,143 claimants on Jan. 31. Kenneth Bell mailed 90,297 checks totaling $134.3 million in September in the first round of distribution checks. Bell says another 75,000 claimants haven't yet completed the required steps to receive a check.

Guilford commissioners mull changes to incentives policy

February 9, 2015

(High Point Enterprise)

Guilford County commissioners are considering a new economic-development incentives policy that would require a business to create at least 50 jobs that pay 100% of the county's average wage. The commissioners will take up the issue at a work session later in the year.

Greenboro-based Cone Health reports increase in excess revenue

February 9, 2015

(Winston-Salem Journal)

Greenboro-based Cone Health reported $19.5 million in excess revenue for the first fiscal quarter, up 88.7%. The health system also reported a 9.2% increase in operating revenue, citing high patient volumes related to the flu.

Cone Health to sell its own health insurance

February 6, 2015

(News & Record, Greensboro)

Greensboro-based Cone Health is developing its own health-insurance plan it hopes will allow it to save money by keeping its patients healthier.

Randolph commissioners OK $4.2M for megasite

February 4, 2015

(News & Record, Greensboro)

Randolph County commissioners voted 4-1 to spend $4.2 million to buy 255 acres of land that will become part of a megasite it hopes will lure an auto manufacturer to the state. 

Thomas Built announces leadership change

February 4, 2015

(Winston-Salem Journal)

Caley Edgerly will become president and CEO of Thomas Built Buses March 1. He has served as vice president of operations since 2012. Current CEO Kelley Platt was appointed general manager of Western Star, a Daimler Trucks sister company. In October, the High Point-based school-bus manufacturer announced an expansion that will add 236 jobs in 2015.

Regulators approve BB&T's purchase of Texas Citibank branches

February 3, 2015

(Winston-Salem Journal)

BB&T received regulatory approval for its proposed acquisition of 41 Citibank branches in Texas and plans to close the deal on March 20. The Winston-Salem-based bank acquired 21 Citibank branches in June 2014 for $36 million. BB&T will become the 12th largest bank in Texas, with 123 branches and $5.3 billion in deposits.

Duke Energy CEO: Coal-ash spill changed company's attitude

February 2, 2015

(News & Record, Greensboro)

Duke Energy CEO Lynn Good said last year's coal-ash spill in the Dan River had a significant impact on the company, leading it to create a separate division focused on ash management. Monday marks the one year anniversary of the spill, which dumped tons of coal ash into the river (cover story, April 2014).
Related: A year after ash spill, open questions about Duke and the Dan

Greensboro gains craft breweries

February 2, 2015

(News & Record, Greensboro)

The craft beer industry in Greensboro and the Triad area is gaining momentum. Several new breweries have opened within the past year or have announced plans to open in 2015.

Hanesbrands reports 177% increase in net income

January 30, 2015

(Winston-Salem Journal)

Hanesbrands reported a 177% increase in net income for the fourth quarter, to $89.4 million compared with $32.3 million a year ago. The Winston-Salem-based company's recent acquisitions of Maidenform Brands and DBApparel bolstered revenue, which was up 18.4% to $1.52 million for the quarter.

Ecolab adding 45 jobs in Greensboro

January 29, 2015

(News & Record, Greensboro)

Ecolab will add invest $10 million and add 45 jobs over three years in its Kay Chemical business in Greensboro. The company makes cleaners for restaurants and convenience stores and employs more than 490 people.

BB&T resolves account-balance issue

January 29, 2015

(Winston-Salem Journal)

BB&T said a glitch that caused its website to display incorrect account balances has been resolved. A spokesman said the issue, which began over the weekend, was not the result of a cybersecurity attack. 

Shareholders approve tobacco merger

January 29, 2015

(Winston-Salem Journal)

Shareholders overwhelmingly approved Reynolds American's proposed $27.4 billion acquisition of rival tobacco company Lorillard. Pending FTC approval, the companies expect the deal to close in the first half of this year.

Shareholders to vote on tobacco merger

January 28, 2015

(The News & Observer, Raleigh)

Shareholders of Reynolds American and Lorillard are scheduled to vote Wednesday on their proposed $25 billion merger. The tobacco companies announced in July plans for Winston-Salem-based Reynolds to acquire Greensboro-based Lorillard and sell some of the companies' brands to Imperial Tobacco Group for $7.1 billion ("Buying a Brand," August 2014).

Eden says rivers 'thriving'

January 28, 2015

(News & Record, Greensboro)

Nearly a year after coal ash spilled into the Dan River from a nearby Duke Energy steam station (cover story, April 2014), officials from Eden say their rivers are "thriving." 

BNC Bancorp reports record profit in fourth quarter

January 27, 2015

(Winston-Salem Journal)

BNC Bancorp, the High Point-based parent of Bank of North Carolina, reported profit of $8.5 million in the fourth quarter, an increase of 160% over the same period a year ago. Net income for the fiscal year rose 81.6% to $29.4 million. BNC will have about $4.9 billion in assets after it completes a pending $101.3 million acquisition of Roanoke, Va.-based Valley Financial Corp.

High Point's Cornerstone losing 25 doctors

January 27, 2015

(High Point Enterprise)

More than two dozen doctors will leave Cornerstone Health Care by early March. Three years ago, the High Point-based physicians group changed the fee and compensation structure for its member doctors. The group has more than 375 physicians in more than 90 practices, according to its website.

BB&T confirms job cuts

January 26, 2015

(Winston-Salem Journal)

BB&T said it has cut 1,440 full-time jobs – 4.3% of its workforce – since March 2014 as part of a restructuring. A spokeswoman for the Winston-Salem-based bank says the majority of the cuts are from attrition. 

La-Z-Boy closure shows risk of economic incentives

January 26, 2015

(High Point Enterprise)

Unlike Charlotte, which had a clawback provision in its incentives deal with Chiquita Brands International, High Point stands to lose money when La-Z-Boy closes its regional corporate office over the next two years. The city expects to lose $300,000 to $400,000 of the $600,000 incentives deal with the furniture manufacturer.

Krispy Kreme adding shops in Russia

January 22, 2015

(Winston-Salem Journal)

Winston-Salem-based Krispy Kreme Doughnuts will add 15 doughnut shops over five years in the St. Petersburg area of Russia through an agreement with its Moscow-area franchise partner.