Triad

Westbend Vineyards will close to public

February 11, 2014

(The News & Record, Greensboro)

Westbend Vineyards, one of North Carolina's oldest wineries, will close to the public March 2. The winery, brewery and tasting room will close, but winemaker Mark Terry and his daughter plan to open a wine and beer shop in downtown Winston-Salem where they will sell Westbend's inventory.

Duke Energy plugs broken pipe that led to coal-ash spill

February 10, 2014

(The Charlotte Observer)

Duke Energy says it has installed a permanent plug in the pipe that led to the coal-ash leak into the Dan River, nearly a full week after the pipe broke. A company spokesman said workers will continue grouting the pipe and monitoring water quality of the river. 

Sale of Greensboro's Timco Aviation is complete

February 10, 2014

(The Winston-Salem Journal)

Hong Kong Aircraft Engineering Co. has completed its purchase of Greensboro-based Timco Aviation Services Inc. for $388.8 million. Timco employs about 2,800 workers, including 1,500 at Piedmont Triad International Airport. Timco will operate as a subsidiary of Hong Kong Aircraft, keeping its headquarters in Greensboro, and no layoffs are expected. 

Conservationists: Public should have been told earlier about coal ash spill

February 10, 2014

(The News & Record, Greensboro)

River advocates and conservation groups say Charlotte-based Duke Energy and the N.C. Department of Environment and Natural Resources waited too long to notify the public about the leak which allowed an estimated 82,000 tons of coal ash to escape from its plant along the Dan River.

McCrory, Berger demand action, review of coal ash spill

February 7, 2014

(The Charlotte Observer)

Gov. Pat McCrory told his former employer Duke Energy it must take "all needed measures" to stop the leak from a coal-ash pond at its retired plant in Eden that has been dumping contaminants into the Dan River for five days. Phil Berger, N.C. Senate president pro tem who is from Eden, also demanded a detailed account of the events from the state's Environmental Review Commission.

Flooring company expanding in Thomasville

February 7, 2014

(The Winston-Salem Journal)

Unilin Flooring NC is adding 78,000 square feet to its laminate-flooring plant in Thomasville to increase production and warehouse space. The recovering housing market has led to increased demand for its products; the company added at least 45 workers since April, and will hire an unspecified number of new employees when the new expansion is complete.

Volvo trucks unit cutting 4,400 jobs

February 7, 2014

(The Winston-Salem Journal)

AB Volvo announced plans to lay off 4,400 workers worldwide this year due to a decline in profits, though the truck-maker did not specify which locations would be affected. Volvo employs about 2,100 at its Volvo Trucks North American unit in Greensboro. 

CEO of Cone Health to retire at end of 2014

February 6, 2014

(The News & Record, Greensboro)

Tim Rice will retire as chief executive officer of Greensboro-based Cone Health at the end of the year. President and Chief Operating Officer Terry Akin will succeed him in the leadership role.

Duke Energy reports coal-ash spill at Dan River plant

February 4, 2014

(The Charlotte Observer)

A broken stormwater pipe allowed 50,000 to 82,000 tons of coal ash to escape from an ash pond at Duke Energy's Dan River power plant in Eden on Monday. The plant closed in 2012, one of seven coal-fired plants Duke has retired. Environmentalists sued the Charlotte-based utility last year, saying it should remove ash from retired ponds to prevent groundwater contamination.

Guilford group pitches Project Haystack to Alamance commissioners

February 4, 2014

(Burlington Times-News)

Representatives from Guilford County presented details about the proposed Project Haystack development to Alamance County commissioners on Monday. About 18% of the 2,000-acre site is in Alamance County, while the remainder is in eastern Guilford County. A representative from the Timmons Group, an engineering services firm, said the site would be ideal for data centers and advanced manufacturing.

 

Bank of the Carolinas reports fourth quarter loss

February 3, 2014

(The Winston-Salem Journal)

Mocksville-based Bank of the Carolinas reported a fourth quarter loss of $764,000, with revenue from loans down 21.1% and revenue from fees down 10.9%. The bank also reported a loss of $1.39 million for the year, compared with a loss of $5.54 million for 2012. 

Wyndham golf tournament to celebrate 75 years

January 31, 2014

(The News & Record, Greensboro)

The Wyndham Championship will celebrate its 75th anniversary this August, and organizers of the Greensboro golf tournament have launched a new campaign to celebrate its history and a redesigned website for the PGA Tour event.  

Maidenform deal leads to lower 4Q net income for Hanesbrands

January 30, 2014

(The Winston-Salem Journal)

Hanesbrands Inc. reported net income of $32.3 million for the fourth quarter, down from $80.4 million for the same period in 2012. The 60% decline is largely due to the Oct. 7 acquisition of Maidenform Brands. The Winston-Salem-based apparel manufacturer is raising its earnings guidance for 2014 and expects net sales will be up about 10% this year. 

NewBridge Bank has record year despite 4Q income decline

January 29, 2014

(The Winston-Salem Journal)

Merger-related charges from its acquisition of Security Savings Bank of Southport led Greensboro's NewBridge Bancorp to a 70% decline in net income for the fourth quarter of 2013. For the fiscal year 2013, the bank reported net income of $18.9 million compared with a loss of $28.2 million in 2012.

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.