Triad

North State to offer ultra-fast Internet service in High Point

March 20, 2014

(High Point Enterprise)

High Point-based North State says it plans to offer gigabit Internet service by year-end to homes and businesses in High Point and parts of Greensboro. The communications company has invested $50 million upgrading its fiber network, and hopes to expand the service to other parts of the Triad if it is well-received.

Ashley Furniture plant in Davie County to be ready in October

March 20, 2014

(The Winston-Salem Journal)

Representatives from Ashley Furniture Industries say its new 1.1 million-square-foot distribution center in Advance should be complete by October. The Arcadia, Wisc.-based furniture manufacturer and retailer hopes to hire an additional 200 workers at the Davie County operation by year-end.

Five-term chairman leaving Piedmont Triad Airport Authority

March 18, 2014

(The Winston-Salem Journal)

Henry Isaacson will step down as chairman of the Piedmont Triad Airport Authority effective April 30. Isaacson, 80 and a Greensboro native, has served on the board since 1999 and has been chairman since 2003.  

ACC tournament moving to Brooklyn in 2017

March 17, 2014

(The News & Record, Greensboro)

Sports Illustrated reported Friday that the ACC men's basketball tournament will be held in Brooklyn in 2017. The tournament will be held in Greensboro again in 2015, and in Washington, D.C., in 2016. Greensboro Coliseum director Matt Brown said he believes Greensboro will remain in the rotation of cities that host the tournament.

Davie County's Ventlab closing, moving business to Michigan

March 17, 2014

(The Salisbury Post)

Ventlab Corp., a medical-products manufacturer which employed 50 in Mocksville, closed Friday. The company was sold to Grand Rapids, Mich.-based Demspey Ventures in March 2013 and the new owner will move operations to Michigan.

Burlington airport helps bring new employers to the area

March 17, 2014

(The Times-News, Burlington)

A 2012 extension of its runway has given the Burlington-Alamance County Regional Airport the capacity to land bigger, corporate jets, making it a tool for economic development in the region.

Lobbying group for convenience stores says prohibit e-cigarette sales to youth

March 17, 2014

(The Winston-Salem Journal)

The National Association of Convenience Stores is advising its members not to sell electronic cigarettes to youth. Convenience stores account for about 75% of brick-and-mortar retail e-cigarette sales. 

 

 

Developer plans to announce High Point corporate-park tenant next month

March 13, 2014

(High Point Enterprise)

The developer of a new corporate park in High Point said he expects to announce the name of its first tenant by mid-April. According to city documents, a 1.2 million-square-foot warehouse and distribution center are planned for the site, and Ralph Lauren Corp. has been rumored to be the center's soon-to-be occupant. 

Herbalife faces FTC investigation

March 13, 2014

(The News & Record, Greensboro)

Los Angeles-based Herbalife, which plans to open a $130 million plant in Winston-Salem this year, said it has received a civil investigative demand from the Federal Trade Commission. The company, which sells nutritional supplements, has been accused of operating a pyramid scheme by hedge-fund manager William Ackman. 

Fourth-quarter earnings strong for Krispy Kreme

March 13, 2014

(The Winston-Salem Journal)

Fourth-quarter net income for Winston-Salem-based Krispy Kreme Doughnuts increased to $14.7 million compared with $4.8 million a year ago. 

Lexington Medical Center names Bill James president

March 12, 2014

(The Winston-Salem Journal)

Bill James will become president of Lexington Medical Center, an affiliate of Wake Forest Baptist Medical Center, effective April 21. James served 19 years as president and chief executive of Mount Airy's Northern Hospital of Surry County. 

Prospect Brands to move headquarters to Greensboro

March 12, 2014

(The News & Record, Greensboro)

Stoneville-based Prospect Brands, parent company of Gerbing and Duck Head, is moving its headquarters to Greensboro despite declining a $150,000 incentive offer from the city in January. The company plans to re-launch the Duck Head brand, which had been exclusive to Goody's retail stores until that company declared bankruptcy in 2009, later this year.

Burlington outlet center to be auctioned

March 12, 2014

(The News & Record, Greensboro)

Burlington Outlet Village, a 24-acre site that struggled financially since Tanger Outlets opened a shopping center in Mebane, is in foreclosure and will be auctioned off on March 20.

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.