Triad

Greensboro's RF Micro reports earnings, revenue growth

January 29, 2014

(The News & Record, Greensboro)

Greensboro-based RF Micro Devices reported significant growth in revenue and net income for the last quarter of 2013. The microchip-maker earned $6.2 million for the 3-month period, compared with a loss of $1.4 million for the same quarter in 2012. 

PTI gains three more daily flights to NYC

January 28, 2014

(The Winston-Salem Journal)

Piedmont Triad International Airport announced that American Airlines will add three daily nonstop flights to New York City's LaGuardia Airport beginning April 1. The additional flights will give the Greensboro airport 11 daily nonstop flights to the New York area. 

High Point leaders unsure how Solstas acquisition will affect expansion plans

January 27, 2014

(High Point Enterprise)

High Point officials say it is unclear how New Jersey-based Quest Diagnostics' impending acquisition of Solstas Laboratory Partners will affect a 500-job expansion Solstas announced in 2012. Solstas planned to invest $11.6 million and create the jobs over five years in High Point, where it currently employs about 800.

Greensboro leaders grow frustrated with business recruiter

January 27, 2014

(The News & Record, Greensboro)

When the Greensboro City Council meets today, the leader of the Greensboro Economic Development Alliance will have to prove the business recruiting organization is worthy of tax dollars that help fund it as city leaders question its results in attracting business to the area.

Eden's Morehead Hospital partners with Novant Health

January 24, 2014

(The News & Record, Greensboro)

Morehead Memorial Hospital has entered into a shared services agreement with Winston-Salem-based Novant Health. The partnership will allow Novant to share its purchasing power with and provide corporate resources for the Rockingham County hospital.

Triad employers have trouble finding skilled tech workers

January 24, 2014

(The News & Record, Greensboro)

Triad area companies are struggling to fill information-technology jobs, particularly at the management level, and rapidly changing technology makes it difficult for educators and corporations to keep up with it.  

Thomasville will offer incentives for company expansion

January 24, 2014

(The Winston-Salem Journal)

The Thomasville City Council approved incentives of up to $350,000 for an unnamed company that wants to expand there. The company has vowed to create 50 jobs and invest at least $25 million over five years.

New Jersey diagnostics firm to acquire Solstas Lab Partners

January 23, 2014

(The News & Record, Greensboro)

Madison, N.J.-based Quest Diagnostics, a diagnostic information services company for the health care industry, will acquire Greensboro-based Solstas Lab Partners for $570 million. Solstas employs 3,800 people in nine states. It is unknown whether any North Carolina jobs will be affected by the acquisition.

Heritage Home Group closing Thomasville Furniture plants

January 22, 2014

(The Winston-Salem Journal)

The president of Heritage Home Group, which bought Furniture Brands International in November, announced plans to close two Thomasville Furniture plants in Thomasville by March 21, laying off 84 employees. Employees were told operations at Heritage's plants in Hickory and Lenoir would not be affected. 

California franchisee to open 20 more Krispy Kreme shops

January 22, 2014

(The Winston-Salem Journal)

A franchisee which already operates 11 Krispy Kreme doughnut shops in Southern California plans to open 20 more there over the next seven years. California currently has 26 Krispy Kreme shops, followed by Florida with 25 and North Carolina with 24.

More claim determinations to be sent out in Zeek Rewards case

January 21, 2014

(The News & Record, Greensboro)

The receiver for Lexington-based ZeekRewards.com said it is preparing to send out email notices of determination to another group of individuals who filed 40,000 claims related to the Ponzi scheme. About 80,000 such notices were sent out earlier in January. 

New effort underway to obtain land for Triad megasite

January 20, 2014

(The Winston-Salem Journal)

A group of Triad business leaders has begun contacting landowners in northeast Randolph County to see if they are willing to sell their properties so the land could be used to develop a megasite to attract a major automotive manufacturer.

American Airlines to begin flights from PTI to New York LaGuardia

January 20, 2014

(The News & Record, Greensboro)

Piedmont Triad International Airport will gain additional flights to New York's LaGuardia Airport beginning in April. American Airlines announced it will begin the service to LaGuardia, PTI's most popular destination, though it is unclear how many flights it will add.

Brewery to open in downtown Greensboro this summer

January 16, 2014

(The News & Record, Greensboro)

Gibb's Hundred Brewing Company will open in downtown Greensboro in July in a 6,675-square-foot space. The brewery, which will feature a 99-seat taproom, expects to produce 5,000 barrels of beer a year.

President stepping down at Wake Forest Baptist

January 15, 2014

(The Winston-Salem Journal)

Dr. Thomas Sibert will retire from his management roles as president and chief operating officer of Wake Forest Baptist Medical Center effective March 1. The center has named Dr. Karen "Bobbi" Carbone as his successor. Carbone will serve as an executive vice president and chief operating officer.

Krispy Kreme develops vegetarian doughnut for Indian shops

January 15, 2014

(The Winston-Salem Journal)

Winston-Salem-based Krispy Kreme has created an eggless doughnut to appeal to customers in India, where it plans to expand its footprint to 35 stores over the next several years.  A spokeswoman said the company is researching options for offering a vegetarian doughnut domestically as well.

Elon University announces new dean of law school

January 15, 2014

(The Times- News, Burlington)

Elon University has named Luke Bierman as the new dean of its law school, effective June 1. Bierman is currently an associate dean at Northeastern University School of Law in Boston.

Business activity in Triad leading to faster economic growth

January 14, 2014

(The News & Record, Greensboro)

Lower unemployment rates, higher retail sales and an improved housing market are helping speed growth in the Triad area's economy, according to the Triad Business Index, which measures the level of economic activity in the eight-county area and is produced by UNC Greensboro and Dixon Hughes Goodman.

Advocacy group pressuring apparel companies to raise wages in Haiti

January 13, 2014

(The Winston-Salem Journal)

A labor advocacy group is urging three large apparel companies, including Winston-Salem-based Hanebrands, to comply with a new daily minimum wage for workers in Haiti and ensure they are paid overtime if their daily job quotas require more than eight hours. 

Four Oaks Bank to pay penalty over transfers in Ponzi scheme

January 10, 2014

(The Lexington Dispatch)

Four Oaks Bank will pay a $1.2 million penalty for allowing money from those involved in the Zeek Rewards Ponzi scheme to move through it. The small bank made the settlement with the federal government without admitting any wrongdoing or liability; prosecutors said the bank and its holding company failed to adequately investigate customers.