Triad

High Point looks to energize downtown

April 13, 2015

(Winston-Salem Journal)

Some High Point leaders want to develop a downtown revitalization plan that would attract people year-round. An estimated 75,000 furniture-industry professionals are expected to attend the biannual High Point Market this week.
Related: Vegas market scare fades from roar to whisper, High Point Enterprise

Greensboro Partnership taps Mississippi economic developer as CEO

April 9, 2015

(News & Record, Greensboro)

The Greensboro Partnership named Brent Christensen president and CEO. Christensen, 45 and a Duke University graduate, has served for three years as executive director of the Mississippi Development Authority, where he worked with Nissan and Yokahama Tire on bringing jobs to the state.

HondaJet to embark on world tour

April 9, 2015

(News & Record, Greensboro)

Honda Aircraft will take its HondaJet light aircraft on a world tour beginning April 25, with stops in Japan and Europe. The $4.5 million corporate jet, produced in Greensboro, is awaiting FAA certification.

Unifi expanding production at Triad fiber plants

April 8, 2015

(Winston-Salem Journal)

Greensboro-based Unifi is increasing production at its manufacturing plants in Madison and Yadkinville. The company makes synthetic yarns, including the successful Repreve product, which is made from recycled bottles. Unifi is adding texturing machines at the factories, but the company didn't say how many new jobs might be created.

Targacept deal could be in jeopardy

April 7, 2015

(Winston-Salem Journal)

A San Francisco-based drug developer's plan to acquire Targacept may be in jeopardy as a result of the termination of a licensing deal that could impact its financial position. Winston-Salem-based Targacept announced last month it would be acquired by Catalyst Biosciences in a reverse merger.

Herbalife distributors questioned by authorities

April 7, 2015

(Winston-Salem Journal)

Federal law-enforcement officials have contacted 10 leading Herbalife distributors to inquire about their business practices, according to a CNBC report. Hedge-fund manager Bill Ackman has accused the company, which cut the ribbon on its Winston-Salem production plant in January (Statewide, March), of operating a pyramid scheme, and multiple federal investigations regarding its business practices are ongoing.

Report: Business-jet sales could propel HondaJet

April 6, 2015

(News & Record, Greensboro)

A new report shows the business-jet market is expect to grow by more than 6.8% by 2019, and Greensboro-based Honda Aircraft is poised to become a key player. The company said in March it is close to receiving final FAA certification for its HondaJet light aircraft, which is being manufactured at Piedmont Triad International Airport.

DENR: Coal-ash cleanup could begin in August

April 2, 2015

(News & Record, Greensboro)

The N.C. Department of Environment and Natural Resources said Duke Energy could begin excavating coal ash at its Riverbend Station near Mount Holly in late August.

Novant reports lower net profit in 2014

April 2, 2015

Novant Health said it had net income of $201.8 million in 2014, down from $273 million in the previous year. That included an investment gain of $28.9 million. Revenues increased 5.4% to $3.79 billion from 2013.

Reynolds subsidiaries debut new products

April 1, 2015

(Winston-Salem Journal)

R.J. Reynolds Tobacco will launch Camel White, a premium-branded cigarette, in 21 western and midwestern states. Reynolds American sudsidiary American Snuff, which makes the top-selling Grizzly-branded snuff product, also introduced a new dark wintergreen flavor Tuesday.
Related: Reynolds confronting antitrust concerns over Lorillard merger, Bloomberg Business

DHHS audit finds deficiencies

April 3, 2015

(Greensboro News & Record)

An audit of the state Department of Health and Human Services showed significant errors and deficiencies in its oversight of state programs, including errors in 24% of 272 claims sampled that resulted in $464,942 in overpayment.

President of Wake Forest Baptist Health steps down

March 31, 2015

(Winston-Salem Journal)

Karen "Bobbi" Carbone is stepping down as president of Wake Forest Baptist Health, a division of Wake Forest Baptist Medical Center. Carbone joined the division in March 2014 as chief operating officer and became president when Thomas Sibert retired in August. The Winston-Salem-based health system said Carbone is leaving "to pursue other opportunities." Mike Rutherford, chief financial officer, also plans to step down in April.

Report: Tobacco companies face final FTC review

March 31, 2015

(Winston-Salem Journal)

Reynolds American and Lorillard this week could hold a final meeting with members of the Federal Trade Commission regarding the companies' proposed $27.4 million merger, according to a report in The Wall Street Journal. The tobacco companies said they expect the deal to close by June 30. Shareholders of both companies approved the merger in January.

HondaJet a step closer to final approval

March 30, 2015

(News & Record, Greensboro)

Honda Aircraft has received "provisional type certification" from the Federal Aviation Administration for its HondaJet light aircraft, which it manufactures at Piedmont Triad International Airport ("Ready to Take Off," February 2014). The company says it expects to obtain final certification within the next few months.

Winston-Salem psychiatric hospital seeks to expand

March 26, 2015

(Winston-Salem Journal)

Old Vineyard Behavioral Health Services in Winston-Salem wants to add 60 inpatient psychiatric beds, an expansion that would give it a total of 52 child and adolescent and 104 adult inpatient beds. If approved by state regulators, the 43,000-square-foot expansion will cost $13.8 million.

Salem College halfway to goal in capital campaign

March 26, 2015

(News & Record, Greensboro)

Salem Academy and College in Winston-Salem has raised $30.3 million toward its $60 million goal in a capital campaign.

BB&T joins coalition seeking to change regulation

March 24, 2015

(The Charlotte Observer)

BB&T joined nine other financial institutions in forming a coalition that opposes Dodd-Frank Act requirements for regional banks. The Washington, D.C.-based Regional Bank Coalition argues that regional banks have business models more akin to community banks and shouldn't face the same regulation as the largest U.S. banks.

Guilford commissioners study transition plan for prison farm

March 24, 2015

(The Times-News, Burlington)

Guilford County commissioners will consider a plan that would allow local farmers to lease land and greenhouses at the site of the 806-acre prison farm located in Alamance and Guilford counties. County leaders in 2013 proposed developing the site for advanced manufacturing and data centers (Statewide, March 2015), though that plan has not moved forward, Commissioner Alan Branson said.

BB&T completes acquisition of Texas Citibank branches

March 23, 2015

(Winston-Salem Journal)

BB&T completed its $121.9 million purchase of 41 Citibank branches in Texas, making it the 14th largest bank in the Lone Star State. Most of the branches are in Dallas and Houston. The Winston-Salem-based bank acquired 21 Texas Citibank branches, mostly in the Austin and San Antonio markets, last June.

Winston-Salem's Clinical Ink raises $17 million

March 23, 2015

(Winston-Salem Journal)

Clinical Ink, a Winston-Salem-based clinical-research technology firm, raised $17 million in venture-capital funding and will acquire Boston-based CentrosHealth. Founded in 2006, the company also announced it will partner with pharmaceutical company Novartis, which was drawn to the company's electronic platform for use in clinical trials.