Triad

Guilford County will fund nonprofit to explore Project Haystack

November 22, 2013

(The News & Record, Greensboro)

The Guilford County Board of Commissioners voted Thursday to contribute $30,000 toward establishing a nonprofit to oversee Project Haystack, a proposed plan to create a multi-county industrial park to attract economic development, and to hire an attorney to create an agreement with neighboring counties.

KPS only bidder in Furniture Brands auction

November 21, 2013

(The Winston-Salem Journal)

A U.S. Bankruptcy Court canceled an auction of Furniture Brands International's assets because the only bid received was one from stalking horse bidder KPS Capital Partners. Samson Holding Ltd., the furniture company's top stakeholder, had indicated it would submit a bid but changed its plans when the auction date was moved up from Dec. 10. 

New York firm buys 7% stake in Winston-Salem's Primo Water

November 20, 2013

(The Winston-Salem Journal)

New York-based Zelman Capital LLC has bought 1.7 million shares of Winston-Salem-based Primo Water Corp. for a 7% stake in the company. Primo's president and chief executive Billy Prim maintains the top shareholder position with a 10% stake in the bottled-water company.

Piedmont Triad airport reports drop in passengers, increase in cargo

November 20, 2013

(The News & Record, Greensboro)

Passenger traffic was down about 1.1% in October at Piedmont Triad International Airport compared with a year ago, but cargo, measured by pounds of freight, saw a slight increase for the same time period.

Davie County company now sells muscadine products internationally

November 19, 2013

(The Winston-Salem Journal)

Davie County's Nature's Pearl Corp. has expanded its distribution network to include Canada, Jamaica and the Phillippines.  The company makes and sells supplements, energy drinks and skin- and personal-care products containing antioxidant-rich muscadine grape juice and seeds.

Phil Berger Jr. to announce congressional run

November 19, 2013

(The News and Record, Greensboro)

Republican Phil Berger Jr. is expected to announce his candidacy for U.S. Congress on Wednesday in Rockingham County, where he currently serves as district attorney. Berger, the son of N.C. Senate leader Phil Berger Sr., will run in the 6th District for the seat now held by U.S. Rep. Howard Coble. Coble recently announced he will retire at the end of the current term.

High Point Mayor Bernita Sims indicted for worthless check

November 19, 2013

(High Point Enterprise)

High Point Mayor Bernita Sims was indicted in Guilford County on Monday for passing a worthless check. Sims allegedly wrote a $7,000 check to a family member as part of an estate settlement; the charge is a felony because the amount is greater than $2,000.

Chinese firm wants to sell Greensboro's leaves to Japanese gardeners

November 15, 2013

(The News & Record, Greensboro)

Greensboro has a glut of leaves, an estimated 50,000 tons decaying at a landfill, and Chinese company Super Granger wants to take the leaves and ship them to Japan, where gardeners don't have enough of them to use as mulch but have plenty of money to spend on gardening products.

BB&T expands services in Dallas

November 15, 2013

(The Winston-Salem Journal)

BB&T has opened its first wealth-management office in the Dallas/Fort Worth area, where it already operates 34 bank branches. BB&T first entered the Texas market in 2009 when it acquired 19 Colonial Bank branches there.

BB&T relocates 500 workers to Greensboro

November 14, 2013

(The Winston-Salem Journal)

Winston-Salem-based BB&T has moved about 500 employees into a building near Piedmont Triad International Airport which was formerly occupied by an American Express call center. According to a company spokesman, about half of that number represents new hires. The bank expects to have 800 working there by year-end.

Airline merger won't affect PTI flights to Washington

November 14, 2013

(The Winston-Salem Journal)

Flights from Piedmont Triad International Airport to Washington's Reagan National will continue, based on a condition of this week's agreement between American Airlines and US Airways and the Department of Justice.

High Point commission supports HPU expansion

November 14, 2013

(High Point Enterprise)

High Point University's request to rezone three areas to accomodate expansion was approved by the city's planning and zoning commission. HPU wants to add space for a proposed school of pharmacy and health sciences, an undergraduate sciences building, residence halls and parking. The City Council will consider the rezoning request on Monday.

Krispy Kreme to open four stores in Alaska

November 13, 2013

(The Winston-Salem Journal)

Alaska will become the 39th state with Krispy Kreme Doughnuts stores since the Winston-Salem company made an agreement with a franchisee to open four shops there. The company now has shops in 22 countries and continues to expand aggressively in international markets.

38 more settlements made with ZeekRewards winners

November 13, 2013

(The Winston-Salem Journal)

The court-appointed receiver in the ZeekRewards.com case has made settlements with 38 more participants who took more money out in the alleged Ponzi scheme than they had paid in. At least 175 net winners have now pledged to return $2.28 million on their winnings.

Winston-Salem radio host to enter race for Hagan's Senate seat

November 12, 2013

(The News & Observer, Raleigh)

Winston-Salem radio host Bill Flynn announced his intent to run for the Republican nomination for Democrat Sen. Kay Hagan's seat, joining N.C. House Speaker Thom Tillis, president of the Baptist State Convention Mark Harris and two other candidates, Greg Brannon and Heather Grant, on the GOP ticket.

Candidates already lining up for Coble's congressional seat

November 11, 2013

(The News & Record, Greensboro)

Rep. Howard Coble just announced his retirement from the U.S. House of Representatives late last week, and already there are rumors of at least five potential candidates for his office.

Triad garage-door maker to be sold to Swedish company

November 8, 2013

(The Winston-Salem Journal)

Amarr Garage Doors, a Winston-Salem-based manufacturer and distributor which employs more than 1,200 including 135 in the Triad area, announced it is being sold to a Swedish company for an undisclosed amount. If regulators approve the sale, Amarr will operate as a subsidiary of ASSA ABLOY Entrance Systems and no layoffs are expected.

Rep. Howard Coble won't run for a 16th term

November 8, 2013

(The News & Record, Greensboro)

U.S. Rep Howard Coble announced he will retire from Congress after the current term. The Greensboro Republican will have served 15 terms when he leaves office next year. Coble said ongoing health issues would limit his ability to campaign effectively. 

Duck Head acquired by Prospect Brands, will operate in Greensboro

November 7, 2013

(The News & Record, Greensboro)

Duck Head clothing and shoe company will move its operations from Richmond, Va. to Greensboro after being acquired by Prospect Brands. Prospect also owns electronic clothing company Gerbing, which is planning to move its headquarters from Greensboro to Stoneville. Terms of the deal were not disclosed.

Ruger's Mayodan operations developing ahead of schedule

November 7, 2013

(The Winston-Salem Journal)

Gun manufacturer Sturm, Ruger & Co. reported third quarter profits of $28.7 million and sales of $170.9 million, a 44.7 percent increase. The Southport, Conn.-based company also said it is ahead of schedule with renovations of its Mayodan plant and already has hired 50 employees there.