Triad

Harvard signs with Winston-Salem's IMG College

August 12, 2014

(Winston-Salem Journal)

Harvard University signed an athletics sponsorship agreement with Winston-Salem-based IMG College, a subsidiary of IMG Worldwide Inc. The sports-marketing company represents 80 colleges nationwide and various conferences, associations and venues.

N.C. Zoo turns 40

August 11, 2014

(News & Record, Greensboro)

The state's third largest tourist attraction will celebrate its 40th birthday on Aug. 16. The N.C. Zoo in Asheboro attracts about 740,000 visitors annually and employs 260 full-time workers and 100 part-time seasonal workers.  

Greensboro leaders plan new strategies for attracting business to the area

August 11, 2014

(News & Record, Greensboro)

Greensboro business leaders hope the retirement of two top recruiting executives will provide an opportunity for a new approach in reversing the area's slow economic growth.

Honda investing $8.5 million in Alamance Co. plant

August 8, 2014

(Winston-Salem Journal)

Honda Power Equipment Manufacturing Inc. will invest $8.5 million in its 375,000-square-foot Swepsonville plant, where it employs more than 600. The company will add a new line of production for snow blowers and will prepare for production of portable generators.

Greensboro's Cone Health may close Women's Hospital

August 8, 2014

(News & Record, Greensboro)

Cone Health may close the 134-bed Women's Hospital in Greensboro and move services to The Moses H. Cone Memorial Hospital. Cone Health Executive Vice President Judy Schanel says the 40-year-old building needs significant renovations.

Residents sue Pittsboro over Chatham Park zoning approval

August 7, 2014

(The Sanford Herald)

A group of local citizens filed a lawsuit against the town of Pittsboro that challenges its zoning approval for the Chatham Park development. Pittsboro Matters says the Board of Commissioners did not allow enough citizen input before approving the plan and ignored recommendations made by an outside consultant, including setting aside at least 30% of the land for conservation areas. 

High Point's Culp investing $9.5 million in fabric plants

August 7, 2014

(Winston-Salem Journal)

High Point-based Culp Inc. will invest $9.5 million to expand mattress-fabric operations at plants in the U.S. and Canada. About $7.2 million will be invested in one of the company's Stokesdale plants, though a company representative says there are no plans to add jobs at this time.

Greensboro Partnership CEO to retire

August 7, 2014

(News & Record, Greensboro)

Pat Danahy will retire as president and CEO of the Greensboro Partnership at the end of 2014. Danahy, former president and CEO of Cone Mills Corp., has led the economic-development group since 2006.

Greensboro Kmart store to close

August 7, 2014

(Winston-Salem Journal)

Sears Holdings Corp. will close a Kmart store in Greensboro by Nov. 2, displacing 96 workers, according to a notice filed with the N.C. Commerce Department this week.

Reynolds subsidiary provided Ebola treatment made from tobacco

August 6, 2014

(Winston-Salem Journal)

An experimental drug used to treat two Americans infected with the Ebola virus in Liberia was provided by Kentucky BioProcessing LLC, a subsidiary of Winston-Salem-based Reynolds American. The treatment is made from tobacco plants. 

About 250 attend anti-fracking meeting in Yadkinville

August 6, 2014

(Winston-Salem Journal)

About 250 people, many residents of Davie and Yadkin counties, met Tuesday night to learn about fracking. The event was organized by a grassroots group opposed to fracking in the area. A small shale basin has been identified in Davie County, but the potential for shale gas there is still unknown.

Pike Corp. to be taken private

August 5, 2014

(Winston-Salem Journal)

A New York-based private-equity firm will become majority owner of Pike Corp. if shareholders approve a plan to take the Mount Airy-based company private. Under the plan announced Monday by president and chairman Eric Pike, Pioneer Parent Inc., an affiliate of Court Square Capital Partners, would lead the buyout and shareholders would receive $12 a share.

Unifi partners with Detroit Lions

August 5, 2014

(Winston-Salem Journal)

Greensboro-based Unifi has formed a sustainability partnership with the Detroit Lions to promote recycling at the NFL team's stadium. Players will kick off the collaboration by wearing jerseys made with the company's Repreve fabric, which is created with yarn made from recycled plastic bottles.

Novant rolls out new health-records system in Forsyth

August 4, 2014

(Winston-Salem Journal)

Novant Health began its largest medical-records transition project to date at its medical centers and offices in Forsyth County on Friday. Winston-Salem-based Novant is spending $600 million on the conversion to electronic medical records at locations in the Carolinas, Virginia and Georgia. 

Reynolds American celebrates 10 years at NYSE

August 4, 2014

(Winston-Salem Journal)

Reynolds American Inc. celebrated its 10th anniversary Friday with executives ringing the closing bell at the New York Stock Exchange. R.J. Reynolds Tobacco Holdings Inc. completed a $4.4 billion purchase of Brown & Williamson, a subsidiary of British American Tobacco Ltd., on June 30, 2004.

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.