Triad

First HondaJet model revealed at airshow

May 20, 2014

(News & Record, Greensboro)

Honda Aircraft Co. introduced its new HondaJet aircraft at a Geneva airshow on Monday. The lightweight business jets are being manufactured at Piedmont International Airport. The company hopes to deliver the first jets in 2015, pending FAA certification. 

Former NY Times editor gives upbeat speech to Wake Forest graduates

May 20, 2014

(Winston-Salem Journal)

In her first public appearance since she was fired last week, former New York Times Executive Editor Jill Abramson delivered the commencement address at Wake Forest University on Monday. A bevy of reporters from national media outlets were on hand to hear Abramson's speech, which focused on resilience.   

Belk closing Greensboro store

May 20, 2014

(News & Record, Greensboro)

Belk will close its store at Greensboro's Four Seasons Mall in February 2015 to focus on a new store in High Point and a renovated Friendly Center location. All 58 employees may apply for jobs at other Belk locations.

Winston-Salem mulls allowing golf-carts on city streets

May 19, 2014

(Winston-Salem Journal)

Winston-Salem will consider allowing the use of golf carts in its central business district. A couple has proposed a golf-cart shuttle business similar to others operating in Nashville, Tenn. and Denver that would provide transportation for people from parking decks to their destinations. 

NC considers tax on e-cigarettes

May 16, 2014

(The Charlotte Observer)

State legislators are considering a tax on e-cigarettes after Winston-Salem-based Reynolds American proposed a bill that would tax them at a much lower rate than traditional cigarettes. The bill, which would impose a 5-cent tax per milliliter of liquid nicotine compared with a 45-cent tax per pack of traditional cigarettes, was approved by the House Finance Committee and will go the House next week.

Bank of the Carolinas reports first quarter loss

May 16, 2014

(The Winston-Salem Journal)

Mocksville-based Bank of the Carolinas reported a loss of $1.77 million for the first quarter, compared with a loss of $106,000 a year ago. While revenue from fees was up slightly for the quarter, revenue from loans was down 57.7% to $1.6 million. 

Greensboro may get another downtown hotel

May 16, 2014

(News & Record, Greensboro)

Greensboro-based CN Hotels is in negotiations with the owners of a downtown Greensboro property to build a hotel on the 1.45-acre parcel. It would be the fourth new hotel planned or proposed in the downtown area. 

Ag commissioner critical of proposed Triad megasite

May 15, 2014

(News & Record, Greensboro)

N.C. Agriculture Commissioner Steve Troxler spoke out against the ambitious "Project Haystack" in Guilford County, saying that agriculture is the state's biggest industry and that farmland needs to be preserved. The county is being asked to donate about 600 acres of public land for the megasite, while private companies would develop a business park that project leaders hope will attract data centers or advanced manufacturers. (Regional Report, March 2014)

Person County doesn't want coal ash in landfill

May 14, 2014

(News & Record, Greensboro)

Officials from Person County are objecting to Duke Energy's plan to move coal ash dredged from the Dan River to lined pits at a landfill owned by Republic Services there. A landfill manager says the ash will be treated the same as other household waste including chemical-laden cleaning supplies. 

Krispy Kreme names former Papa John's exec as CEO

May 14, 2014

(Winston-Salem Journal)

Anthony "Tony" Thompson will become CEO and president of Winston-Salem-based Krispy Kreme Doughnuts on June 1. Thompson was previously president and chief operating officer of Louisville, Ky.-based Papa John's Pizza. He will replace James Morgan, who will stay on as chairman.

Number of Steelcase workers to be laid off grows to 268

May 14, 2014

(The Winston-Salem Journal)

Grand Rapids, Mich.-based Steelcase has increased the number of employees that will be affected by its furniture plant closing in High Point from 230 to 268. Jobs will be eliminated in stages by the end of 2016; the first round of cuts will begin within 120 days.

Duke Energy begins dredging coal ash from Dan River

May 13, 2014

(The Charlotte Observer)

Duke Energy will begin dredging coal ash from the Dan River near Danville, Va., 25 miles from its Rockingham County power plant. The city is hoping for compensation to improve the recreational industry along the river and has hired an attorney to negotiate with the Charlotte-based utility.

Greensboro metro area ranks eighth in percentage of infrastructure workers

May 12, 2014

(The News & Record, Greensboro)

A report from Washington, D.C.-based Brookings Institution shows that more than 13% of workers in the metropolitan statistical area that includes Guilford, Randolph and Rockingham counties hold infrastructure jobs including truck drivers, warehouse employees and mechanics. The area ranks eighth among 100 metro areas in the percentage of infrastructure workers in the local economy.

Hanesbrands executive stepping down

May 12, 2014

(Winston-Salem Journal)

William Nictakis, chief commercial officer of Winston-Salem-based Hanesbrands, will resign July 5. His replacement has not been named. 

Steelcase to close High Point plant, idle 230 workers

May 7, 2014

(High Point Enterprise)

Steelcase will close its plant in High Point, laying off 230 workers in stages over the next two years. The Grand Rapids, Mich.-based company is one of the world's largest office-furniture manufacturers. The plant closing is part of a companywide plan to reduce manufacturing capacity and cut costs.

B/E Aerospace considers sale, other options

May 6, 2014

(Winston-Salem Journal)

One of Forsyth County's largest employers is exploring options which include a possible merger or spin-off of part of the company. Wellington, Fla.-based B/E Aerospace, which employs more than 1,300 in Winston-Salem, posted record profits in 2013. The company makes interior products including seating for commercial aircraft. Shares rose 9.3% Monday, closing at $97.22, following the announcement.

North State Aviation continues expansion in Winston-Salem

May 6, 2014

(Winston-Salem Journal)

North State Aviation is adding 60,000 square feet to its operations at Smith Reynolds Airport. The expansion will give the aircraft-maintenance company a total of more than 300,000 square feet. The Winston-Salem-based company employs 290 workers and is continuing to hire. North State signed a contract with United Airlines, its largest customer, in October that was to create 60 new jobs.

NC Zoo seeks $60 million for repairs, new attractions

May 5, 2014

(Winston-Salem Journal)

Leaders of the North Carolina Zoo say it needs $60 million over the next 10 years to address maintenance issues and add attractions to keep the Asheboro park competitive with other national zoos. The funds would come from $40 million in state bond funds and $20 million in private donations.

Textile company to hire 84 at Eden plant

May 5, 2014

(The News & Record, Greensboro)

India-based Shri Govindaraja Textiles plans to invest more than $40 million and create 84 jobs over two years at a cotton-yarn manufacturing plant in Rockingham County. The company will open within four to six months in a building previously owned by rug-maker Karastan.

Wake Forest Baptist cutting 350 positions

May 2, 2014

(Winston-Salem Journal)

Wake Forest Baptist Medical Center will lay off 350 employees of its total workforce of 14,686 as part of a cost restructuring. The cuts were not unexpected, as expenses have increased while Medicaid reimbursements have declined at the Winston-Salem-based medical center.