Triad

Motley Fool says merger of tobacco companies makes sense

March 11, 2014

(The News & Record, Greensboro)

Online investment site The Motley Fool says a merger between Winston-Salem-based Reynolds American and Greensboro-based Lorillard would protect Lorillard as federal scrutiny of menthol cigarettes, which account for about 80% of Lorillard's sales, increases. A merger also would give Reynolds short-term growth and improve its market share in electronic cigarettes.

NJ-based Quest completes acquisition of Greensboro's Solstas Lab Partners

March 11, 2014

(The Winston-Salem Journal)

Madison, N.J.-based Quest Diagnostics has completed its $570 million acquisition of Greenboro-based Solstas Lab Partners. Solstas employs about 850 people in the Triad; it is still unknown how many jobs may be eliminated due to the merger.

Survey says 13% of Winston-Salem companies plan to hire in second quarter

March 11, 2014

(The Winston-Salem Journal)

A new report from Manpower Inc. reveals that 13% of Winston-Salem employers plan to hire more workers during the second quarter of 2014. 

Duke Energy reports almost 100,000 still without power

March 10, 2014

(The News & Record, Greensboro)

Duke Energy reported Sunday evening that fewer than 100,000 customers statewide are without power, down from about 400,000 after last week's ice storm. Guilford County has nearly 41,000 outages, followed by Alamance County with nearly 27,000. The utility says power should be restored to most customers by Wednesday.

Elon University celebrates 125th anniversary

March 10, 2014

(The News & Record, Greensboro)

Elon University, the state's third largest private university with 6,300 students, is celebrating the 125th anniversary of its founding. 

Elkin hospital announces partnership with Novant Health

March 5, 2014

(The Elkin Tribune)

Hugh Chatham Memorial Hospital announced a partnership with Winston-Salem-based Novant Health. The shared services agreement will give the Elkin hospital better supply-chain and corporate resources. No layoffs are expected as a result of the agreement.

Reynolds-Lorillard deal could lead to job cuts in the Triad

March 5, 2014

(The Winston-Salem Journal)

An industry analyst says a merger between Winston-Salem-based Reynolds American and Greensboro-based Lorillard could lead to hundreds of job losses in the Triad. 

Trader Joe's representative says company won't open Greensboro store

March 5, 2014

(The News & Record, Greensboro)

After protests and public debate over plans for Trader Joe's to open its first grocery store in Greensboro, a company spokeswoman says the Monrovia, Calif.-based company is no longer interested in the proposed site or any other locations in Greensboro. 

British media outlets say Reynolds American may acquire Lorillard

March 4, 2014

(The Winston-Salem Journal)

Two British media outlets reported that Winston-Salem-based Reynolds American could offer $18 billion to $22 billion to purchase rival Lorillard. The two tobacco companies are reported to be in negotiations, though neither company would comment on the speculation.

BB&T now 12th largest bank in the nation

March 4, 2014

(The Winston-Salem Journal)

On a quarterly report issued by SNL Financial, BB&T moved up a spot to become the 12th largest U.S. bank. The Winston-Salem-based bank reported $182.3 billion in total assets, up $300 million from the previous report in November.

Receiver in Lexington-based Ponzi scheme sues former execs, key players

March 4, 2014

(The Lexington Dispatch)

The court-appointed receiver in the Zeek Rewards case filed lawsuits against former company executives and a group of the largest "winners" in the Ponzi scheme to try to recover an additonal $200 million. 

Ruger to make new product lines at Mayodan plant

February 27, 2014

(The Winston-Salem Journal)

Production at Sturm, Ruger & Co.'s firearms manufacturing plant in Mayodan will increase this year, as the company adds new products including new styles of pistols and rifles. The company, which bought the plant in September, currently employs less than 100 but plans to create a total of 473 jobs within five to six years. 

Wake Forest institute leads $75 million project to help wounded soldiers

February 26, 2014

(The Winston-Salem Journal)

The Wake Forest Institute of Regenerative Medicine, leading a consortium of more than 30 research institutions, has begun the second phase of a $75 million Department of Defense project that helps soldiers who suffer from severe burns and loss of limbs.

Allison stepping down from BB&T's board

February 26, 2014

(The Winston-Salem Journal)

John Allison, former chief executive of BB&T, will leave the company's board of directors on April 29. Allison plans to spend more time with his work at the Cato Institute, where he serves as president and chief executive.

Wallburg vineyard named Wine Grower of Excellence

February 26, 2014

(The Lexington Dispatch)

Chart's Hill Vineyard in Davidson County received the Wine Grower of Excellence Award from the North Carolina Winegrowers Association. The group gives the award to a member who has been in business for over five years, produces high-quality grapes and works to promote the wine industry in North Carolina. Chart's Hill doesn't have a winery; it sells its grapes to others for use in making wine.

Greensboro's RF Micro to merge with Oregon semiconductor company

February 25, 2014

(The News & Record, Greensboro)

Greensboro-based chip-maker RF Micro Devices Inc. will merge with Hillsboro, Ore.-based TriQuint Semiconductor Inc. in an all-stock deal valued at $1.56 billion that is expected to close in the second half of the year. The combined company will have a new name that has not been determined.

 

Wake Forest researcher estimates damage of coal-ash spill is $70 million

February 24, 2014

(The News & Record, Greensboro)

A Wake Forest University professor with experience in coal-pollution research estimates the damage of Duke Energy's coal-ash spill in the Dan River is at least $70 million. Factors in the estimate include loss of a healthy ecosystem, lost revenue through fewer people participating in outdoor activities and lower property values in the area due to the stigma of environmental pollution.

Winston-Salem's Budd Group buys Florida landscaping services company

February 24, 2014

(The Winston-Salem Journal)

Winston-Salem-based The Budd Group announced it has bought an Orlando, Fla.-based landscaping company for an undisclosed amount. The Grounds Crew Inc. is an upscale landscaping services provider with 20 years experience. 

Recent coal-ash spill may lead to stiffer environmental regulation

February 24, 2014

(The News & Observer, Raleigh)

The federal investigation of the recent Duke Energy coal-ash spill near Eden may lead the Charlotte-based utility to shut down its 32 lagoons where coal ash is stored and relocate the material to safer locations farther from rivers.   

Caterpillar converts more workers to full-time in Winston-Salem

February 21, 2014

(The Winston-Salem Journal)

Peoria, Ill.-based Caterpillar Inc. has increased the number of full-time workers at its Winston-Salem manufacturing plant from 191 to 315. The number of contract workers has decreased at the plant, which makes equipment for mining trucks.