Triad

Qorvo shares climb 2% on first day of trading

January 5, 2015

(News & Record, Greensboro)

Shares of microchip-maker Qorvo closed at $70.40 on Friday, up 2% from an opening price of $69. The company was formed when Greensboro-based RF Micro Devices acquired Hillsboro, Ore.-based TriQuint Semiconductor in a $1.56 billion deal. The company plans to maintain dual headquarters. 

Biscuitville continues rebranding with new exterior look

January 5, 2015

(The Salisbury Post)

Greensboro-based Biscuitville has begun exterior renovations of its 54 restaurants. The company plans to spend $10 million in 2015 to transform the restaurant's country-themed appearance in a more modern one. The company also rolled out a new lunch menu in 2014, partnering with regional companies including Mount Olive Pickle and Greensboro-based Chandler Foods BBQ. 

RF Micro, TriQuint complete merger

January 2, 2015

(Winston-Salem Journal)

Greensboro-based RF Micro Devices and Oregon-based TriQuint Semiconductor completed their merger of equals on Jan. 1, and shares of the new combined company – named Qorvo Inc. – were expected to begin trading on the Nasdaq on Friday.

Krispy Kreme co-founder Rudolph dies

January 2, 2015

(Winston-Salem Journal)

Lewis Rudolph, who co-founded Krispy Kreme Doughnuts with his brother Vernon in 1937, died Sunday in Nashville, Tenn. He was 95. Rudolph was a former vice-president of the Winston-Salem doughnut-maker and remained involved with the company until he retired in 1985.

Winston-Salem's BB&T building sells for $60 million

December 24, 2014

(Winston-Salem Journal)

BB&T Financial Center in downtown Winston-Salem has sold for $60 million, or $250 a square foot. Its the highest per-square-foot price paid for an office building in Winston-Salem and $25.9 million more than the building sold for in 2011.

High Point expansions could add 140 jobs

December 24, 2014

(High Point Enterprise)

The High Point City Council will consider incentives for packaging design company Packrite to add 100 jobs in a $9.5 million expansion and for Vault, a locally based company that makes protective enclosures for computer tablets, to add 40 jobs over two years. The City Council will hold separate public hearing for the projects Jan. 5.

Mount Airy's' Pike Corp. now privately held

December 24, 2014

(The Charlotte Observer)

Court Square Capital Partners and company CEO Eric Pike completed their previously announced acquisition of Mount Airy-based Pike Corp. Shareholders received $12 a share.

Reynolds American secures $2B line of credit

December 23, 2014

(Winston-Salem Journal)

Reynolds American has entered a five-year, $2 billion credit agreement with eight financial institutions, according to a regulatory filing. The money could be used to help pay for the Winston-Salem-based cigarette maker's proposed $27.4 billion acquisition of Greensboro-based Lorillard. Shareholders for both companies are scheduled to vote on the merger Jan. 28.

Bank of the Carolinas shares fall 69%

December 22, 2014

(Winston-Salem Journal)

Bank of the Carolinas' share price fell 69% Friday, from 45 cents to 14 cents, though there was no public announcement or regulatory filing from the Mocksville-based bank to explain the drop.

Morgan stepping down as executive chairman of Krispy Kreme

December 18, 2014

(Winston-Salem Journal)

Jim Morgan will remain chairman of Winston-Salem-based Krispy Kreme Doughnuts, though in a non-executive role as of Jan. 29. He was chief executive of the Winston-Salem-based company from January 2008 until June 2014, when Tony Thompson became CEO and president (Statewide, December).

New economic-development agency proposed for Guilford

December 18, 2014

(News & Record, Greensboro)

Officials from Guilford County, High Point and Greensboro are considering establishing a new, countywide economic-development group for recruiting business to the area. Greensboro and High Point currently have separate job-recruiting agencies.

Cone Health reorganizes senior officials

December 17, 2014

(Winston-Salem Journal)

Greensboro-based Cone Health has reorganized its top leadership roles, giving some of its senior officials new titles. Executive Vice President Judy Schanel will become chief operating officer and Chief Medical Officer Mary Jo Cagle will become chief clinical officer.

Shareholder votes on tobacco merger set for Jan. 28

December 15, 2014

(Winston-Salem Journal)

Reynolds American and Lorillard have scheduled shareholder votes on their proposed merger for Jan 28, according to a joint regulatory filing. Winston-Salem-based Reynolds announced in July plans to acquire Greenboro-based rival Lorillard – which owns Newport, the nation's most popular brand of menthol cigarettes – for more than $25 billion ("Buying a brand," August).

High Point's Oak Hollow Mall stuck in transition

December 15, 2014

(News & Record, Greensboro)

Nearly four years after High Point University bought Oak Hollow Mall with plans to house graduate programs there, the mall is still operating as a shopping center, though most of its stores have closed. Dillard's and Sears – two of the mall's five original anchor stores – have not sold their buildings to the university.

Krispy Kreme debuts rewards program

December 12, 2014

(Winston-Salem Journal)

Winston-Salem-based Krispy Kreme Doughnuts launched an app in four of its markets that will allow customers to earn rewards points for free doughnuts, coffee and other items at its retail stores. 
Related: Krispy Kreme earnings report disappointing 

Another grocery store proposed for Friendly site in Greensboro

December 11, 2014

(News & Record, Greensboro)

An Atlanta developer wants to build a shopping center anchored by a grocery store at the corner of Hobbs Road and Friendly Avenue in Greensboro. Earlier this year, a different developer proposed building a Trader Joe's grocery store at the site but was forced to drop its plans after neighbors protested the rezoning.

Reynolds, BAT file requests for lawsuit dismissal

December 11, 2014

(Winston-Salem Journal)

Winston-Salem based Reynolds American and British American Tobacco filed requests this week for the N.C. Business Court to dismiss a lawsuit attempting to block Reynolds' pending acquisition of Greensboro-based Lorillard.

High Point University to receive its own zip code

December 11, 2014

(High Point Enterprise)

Starting in 2015, High Point University will have its own unique zip code. A surge in enrollment in recent years has led to the university receiving 93,000 packages this year, compared with 12,000 in 2007.

HIgh Point Regional drops trauma center designation

December 10, 2014

(High Point Enterprise)

High Point Regional Hospital voluntarily withdrew its Level 3 trauma center designation in July, according to a spokeswoman from the N.C. Department of Health and Human Services. A representative from the health system said the hospital still treats trauma patients despite the change in designation. North Carolina has 12 trauma centers across the state.

Wake Forest to build $100M medical school

December 9, 2014

(Winston-Salem Journal)

Wake Forest Baptist Medical Center will move its medical-education programs to its Innovation Quarter research park in downtown Winston-Salem. Half the funds for the $100 million project will come from a capital campaign while the other half will come from historic tax credits. The building is expected to open to medical students in July 2016.