Triad

Will Lorillard-Reynolds merger become a foursome?

July 1, 2014

(News & Record, Greensboro)

A fourth party may need to be involved for the rumored Reynolds American-Lorillard merger to become a reality.

Reynolds redo will revitalize Winston-Salem

June 30, 2014

(Winston-Salem Journal)

The decades-long effort to revitalize downtown Winston-Salem will get a shot in the arm from the proposed $60 million renovation of the iconic Reynolds building.

HondaJet takes flight

June 30, 2014

(Winston-Salem Journal)

Honda Aircraft Co. says that its light business jet, HondaJet, achieved an important milestone Friday when it took flight for the first time.

Auto insurer moves 700 in Winston-Salem

June 30, 2014

(Winston-Salem Journal)

National General Holdings, formerly GMAC, moved 700 employees from the GMAC Insurance building to office buildings in Madison Park.

VF Corp.'s shopping lab

June 30, 2014

(News & Record, Greensboro)

VF Corp. recently opened a retail lab in Greensboro to study how shoppers select items.

Tanger, O'Sullivan win entrepreneurship awards

June 27, 2014

(News & Record, Greensboro)

Steven Tanger, president and CEO of Greensboro-based Tanger Factory Outlet Centers, received Ernst & Young's 2014 Entrepreneur of the Year award in the category of hospitality and retail for the Southeast region. Mort O'Sullivan, CEO of Mebane-based ARCA, which sells cash automation systems, received the award in the technology category.

United Furniture to bring 200 jobs to Winston-Salem

June 26, 2014

(WFMYNews2.com)

United Furniture will hire 200 workers at a manufacturing and distribution center in Winston-Salem. The company, which has locations in Archdale, High Point and Lexington, will occupy the former Hanesbrands Weeks hosiery plant. The Okolona, Miss.-based company will receive $300,000 in local incentives.

Hanesbrands to acquire European apparel company for $544M

June 26, 2014

(Winston-Salem Journal)

Winston-Salem-based Hanesbrands will acquire French intimate-apparel manufacturer DBApparel for $544 million. The two companies were owned by Chicago-based Sara Lee Corp. until 2006, when Sun Capital Partners bought DBA and Hanesbrands was spun out as a publicly traded company. 

Carbone named president of Wake Forest Baptist

June 25, 2014

(Winston-Salem Journal)

Karen Barbara "Bobbi" Carbone was named president of Wake Forest Baptist Health, the Winston-Salem-based health system announced Tuesday. Carbone joined the system in March as executive vice president and chief operating officer. She replaces Thomas Sibert, who previously announced plans to retire on Aug. 31. 

Greensboro's Natty Greene's faces trademark battle

June 24, 2014

(News & Record, Greensboro)

Anheuser-Busch is challenging a trademark application filed by Greensboro-based Natty Greene's Brewing Co. The St. Louis-based company says it has been using the "Natty" name since 1998 in connection with its Natural Light line of beers.

Analyst sees value in Reynolds' natural-tobacco subsidiary

June 23, 2014

(Winston-Salem Journal) 

A leading analyst says Reynolds American has an "unappreciated asset" in its Santa Fe Natural Tobacco Co. subsidiary, and a sale or spin-off of the company, which could be worth up to $6 billion, makes sense whether or not Winston-Salem-based Reynolds moves to acquire Greensboro-based rival Lorillard.

FDA extends public comment period on e-cigarettes

June 23, 2014

(Winston-Salem Journal)

The Food and Drug Administration extended the public comment period for feedback on how it should regulate electronic cigarettes until Aug. 8. The agency released a proposal in May that would extend its regulatory authority to e-cigarettes. The proposal recommends banning sales of e-cigarettes to youth and requiring health-warning labels on the products.

Eaton settles 10-year legal case involving Clemmons aerospace company

June 20, 2014

(Winston-Salem Journal)

Cleveland-based Eaton Corp. will pay $135.5 million to Berwyn, Pa.-based Triumph Group, parent company of a Clemmons-based aerospace company, to settle a 10-year-old legal battle. Eaton also will pay $12.2 million to six employees of Frisby Aerospace Corp. who had previously worked for Eaton.

Reynolds begins national distribution of e-cigarettes

June 18, 2014

(Winston-Salem Journal)

Reynolds-American will begin selling VUSE electronic cigarettes nationwide on Monday. The product is currently distributed only in Colorado and Utah. The Winston-Salem-based company recently announced it will hire 200 people to produce the e-cigarettes at its Tobaccoville plant. 

Waiting period expires for RF Micro merger

June 18, 2014

(Winston-Salem Journal)

RF Micro Devices' $1.56 billion acquisition of Oregon-based TriQuint Semiconductor is moving forward, according to a statement from both companies. Federal regulators did not come forward with any antitrust concerns during a mandatory waiting period that ended last Friday. The deal still requires shareholder and other regulatory approval.

Sheetz hiring 100 at Burlington distribution center

June 18, 2014

(News & Record, Greensboro)

Sheetz will hire 100 people by the end of September at a Burlington distribution center. The Altoona, Pa.-based convenience-store chain plans eventually to create 250 jobs at the location.

NC A&T researchers make construction material from coal ash

June 16, 2014

(News & Record, Greensboro)

Over the past 10 years, researchers at North Carolina A&T University have developed an engineering material made of 95% coal ash, though no commercial uses for it have been developed. Eco-Core composite is lightweight, waterproof, fire-resistant and resistant to explosions.

New subpoena issued in coal-ash investigation

June 16, 2014

(Hickory Record)

A grand jury subpoena was issued Friday that directs the North Carolina Utilities Commission to provide more records regarding ash ponds at Duke Energy's Dan River Steam Station. The subpoena is part of an ongoing federal investigation that began after February's coal-ash spill at the plant. 

High Point Kmart store to close in September

June 13, 2014

(News & Record, Greensboro)

Sears Holdings will close a Kmart store in High Point in mid-September, affecting 71 employees. Some eligible workers will be able to apply for positions at other Sears and Kmart stores in the area.

B/E Aerospace plans to split into two companies

June 11, 2014

(Winston-Salem Journal)

B/E Aerospace revealed plans to split the Wellington, Fla.-based company into two publicly traded corporations. One would focus on the manufacturing of aircraft cabin equipment, and the other would handle distribution, logistics and technical services. B/E's largest U.S. operations are in Winston-Salem, where it employs more than 1,300.