Triad

BB&T now 12th largest bank in the nation

March 4, 2014

(The Winston-Salem Journal)

On a quarterly report issued by SNL Financial, BB&T moved up a spot to become the 12th largest U.S. bank. The Winston-Salem-based bank reported $182.3 billion in total assets, up $300 million from the previous report in November.

Receiver in Lexington-based Ponzi scheme sues former execs, key players

March 4, 2014

(The Lexington Dispatch)

The court-appointed receiver in the Zeek Rewards case filed lawsuits against former company executives and a group of the largest "winners" in the Ponzi scheme to try to recover an additonal $200 million. 

Ruger to make new product lines at Mayodan plant

February 27, 2014

(The Winston-Salem Journal)

Production at Sturm, Ruger & Co.'s firearms manufacturing plant in Mayodan will increase this year, as the company adds new products including new styles of pistols and rifles. The company, which bought the plant in September, currently employs less than 100 but plans to create a total of 473 jobs within five to six years. 

Wake Forest institute leads $75 million project to help wounded soldiers

February 26, 2014

(The Winston-Salem Journal)

The Wake Forest Institute of Regenerative Medicine, leading a consortium of more than 30 research institutions, has begun the second phase of a $75 million Department of Defense project that helps soldiers who suffer from severe burns and loss of limbs.

Allison stepping down from BB&T's board

February 26, 2014

(The Winston-Salem Journal)

John Allison, former chief executive of BB&T, will leave the company's board of directors on April 29. Allison plans to spend more time with his work at the Cato Institute, where he serves as president and chief executive.

Wallburg vineyard named Wine Grower of Excellence

February 26, 2014

(The Lexington Dispatch)

Chart's Hill Vineyard in Davidson County received the Wine Grower of Excellence Award from the North Carolina Winegrowers Association. The group gives the award to a member who has been in business for over five years, produces high-quality grapes and works to promote the wine industry in North Carolina. Chart's Hill doesn't have a winery; it sells its grapes to others for use in making wine.

Greensboro's RF Micro to merge with Oregon semiconductor company

February 25, 2014

(The News & Record, Greensboro)

Greensboro-based chip-maker RF Micro Devices Inc. will merge with Hillsboro, Ore.-based TriQuint Semiconductor Inc. in an all-stock deal valued at $1.56 billion that is expected to close in the second half of the year. The combined company will have a new name that has not been determined.

 

Wake Forest researcher estimates damage of coal-ash spill is $70 million

February 24, 2014

(The News & Record, Greensboro)

A Wake Forest University professor with experience in coal-pollution research estimates the damage of Duke Energy's coal-ash spill in the Dan River is at least $70 million. Factors in the estimate include loss of a healthy ecosystem, lost revenue through fewer people participating in outdoor activities and lower property values in the area due to the stigma of environmental pollution.

Winston-Salem's Budd Group buys Florida landscaping services company

February 24, 2014

(The Winston-Salem Journal)

Winston-Salem-based The Budd Group announced it has bought an Orlando, Fla.-based landscaping company for an undisclosed amount. The Grounds Crew Inc. is an upscale landscaping services provider with 20 years experience. 

Recent coal-ash spill may lead to stiffer environmental regulation

February 24, 2014

(The News & Observer, Raleigh)

The federal investigation of the recent Duke Energy coal-ash spill near Eden may lead the Charlotte-based utility to shut down its 32 lagoons where coal ash is stored and relocate the material to safer locations farther from rivers.   

Caterpillar converts more workers to full-time in Winston-Salem

February 21, 2014

(The Winston-Salem Journal)

Peoria, Ill.-based Caterpillar Inc. has increased the number of full-time workers at its Winston-Salem manufacturing plant from 191 to 315. The number of contract workers has decreased at the plant, which makes equipment for mining trucks.

Furniture-maker will create 113 jobs in High Point

February 20, 2014

(High Point Enterprise)

BuzziSpace, Inc., a Belgian office-furniture manufacturer, will invest more than $1.75 million and create 113 jobs in a new North American headquarters in High Point. The jobs will be in manufacturing, distribution, customer service, office and management and will pay an average annual wage of $45,000.

Aramark leaving High Point Regional Hospital

February 19, 2014

(The News & Record, Greensboro)

Aramark Healthcare Supportive Services will discontinue operations at High Point Regional Hospital, where it employs 75 workers. The company said its hourly workers will now be employed by the hospital, and a small number of employees may find work with Aramark at other area locations.

Coal ash found 70 miles downstream from Eden plant

February 19, 2014

(The News & Record, Greensboro)

The U.S. Fish and Wildlife Service said coal-ash deposits as deep as 5 feet have been found on the bottom of the Dan River. Toxic coal ash has been found as far as 70 miles downstream of the Duke Energy power plant where the coal-ash spill occurred two weeks ago.

State tells Duke Energy to cut off discharge from second pipe after arsenic found

February 19, 2014

(The News & Record, Greensboro)

After finding high levels of arsenic on Tuesday, state officials ordered Duke Energy to stop the discharge from a second stormwater pipe at Duke Energy's Dan River plant. 

Elon to present master plan for downtown area

February 18, 2014

(The Times-News, Burlington)

The town of Elon will present its first-ever master plan at a public hearing on March 3. The proposal includes a central town commons for concerts and gatherings, mixed-use development and new signage. 

Top Guilford employers exempt from paying property taxes

February 18, 2014

(The News & Record, Greensboro)

Guilford County's seven largest employers, which collectively employ 31,555 people, are taxpayer-funded government agencies and nonprofits and therefore are exempt from paying property taxes.

Remington to open Alabama plant

February 18, 2014

(The Winston-Salem Journal)

Madison-based Remington Outdoor Co. will open a weapons-manufacturing plant in Huntsville, Ala. and hire up to 2,000 workers there. Remington employs 260 workers in Madison; it has three manufacturing locations outside of North Carolina.

Duke official apologizes; regulators say no health risk in Dan River

February 18, 2014

(The News & Observer, Raleigh)

At a meeting of the N.C. Environmental Review Commission on Monday, state regulators and a Duke Energy official maintained that water from the Dan River poses no immediate health threat and apologized for the accident that spilled up to 40 tons of coal ash from its shuttered power plant in Eden into the river.

Group sets June as target date for Randolph megasite

February 17, 2014

(The News & Record, Greensboro)

A commercial real estate firm says it has between 800 and 1,000 acres in northeastern Randolph County under contract or with interested sellers, and engineers should begin inspections in March at the site which  it hopes will attract a major auto manufacturer or other large manufacturer.