Triad

Waiting period expires for RF Micro merger

June 18, 2014

(Winston-Salem Journal)

RF Micro Devices' $1.56 billion acquisition of Oregon-based TriQuint Semiconductor is moving forward, according to a statement from both companies. Federal regulators did not come forward with any antitrust concerns during a mandatory waiting period that ended last Friday. The deal still requires shareholder and other regulatory approval.

Sheetz hiring 100 at Burlington distribution center

June 18, 2014

(News & Record, Greensboro)

Sheetz will hire 100 people by the end of September at a Burlington distribution center. The Altoona, Pa.-based convenience-store chain plans eventually to create 250 jobs at the location.

NC A&T researchers make construction material from coal ash

June 16, 2014

(News & Record, Greensboro)

Over the past 10 years, researchers at North Carolina A&T University have developed an engineering material made of 95% coal ash, though no commercial uses for it have been developed. Eco-Core composite is lightweight, waterproof, fire-resistant and resistant to explosions.

New subpoena issued in coal-ash investigation

June 16, 2014

(Hickory Record)

A grand jury subpoena was issued Friday that directs the North Carolina Utilities Commission to provide more records regarding ash ponds at Duke Energy's Dan River Steam Station. The subpoena is part of an ongoing federal investigation that began after February's coal-ash spill at the plant. 

High Point Kmart store to close in September

June 13, 2014

(News & Record, Greensboro)

Sears Holdings will close a Kmart store in High Point in mid-September, affecting 71 employees. Some eligible workers will be able to apply for positions at other Sears and Kmart stores in the area.

B/E Aerospace plans to split into two companies

June 11, 2014

(Winston-Salem Journal)

B/E Aerospace revealed plans to split the Wellington, Fla.-based company into two publicly traded corporations. One would focus on the manufacturing of aircraft cabin equipment, and the other would handle distribution, logistics and technical services. B/E's largest U.S. operations are in Winston-Salem, where it employs more than 1,300. 

Forsyth approves incentives for furniture plant

June 10, 2014

(Winston-Salem Journal)

Forsyth County commissioners approved $150,000 in incentives for United Furniture Industries to open a manufacturing plant. The company would need to create 200 jobs to receive the incentive. Winston-Salem has already approved a $150,000 performance-based incentive for the company, which would invest $5.8 million in upgrading the historic Weeks plant.

Foster named executive vice president of Cone Health

June 10, 2014

(Winston-Salem Journal)

Mickey Foster was named president of The Moses H. Cone Memorial Hospital in Greensboro and executive vice president of Cone Health. He was president of Cone's Annie Penn Hospital since 2010. Foster succeeds Judy Schanel, who recently became executive vice president of acute care services for the health-care system.

NewBridge Bank looks to SC, Virginia markets for expansion

June 9, 2014

(Winston-Salem Journal)

NewBridge Bank may be looking to expand in South Carolina and Virginia markets, based information presented at a recent shareholder meeting. The Greensboro-based bank has $2.4 billion in assets and recently completed acquisitions of Raleigh-based CapStone Bank and Southport's Security Savings Bank.

Greensboro makes short list for Stone Brewing expansion

June 9, 2014

(News & Record, Greensboro)

Greensboro is one of six locations Stone Brewing Co. is considering for an East Coast brewery. The California beer company plans to invest $29 million and hire more than 300 people in its expansion plant. Asheville, Charlotte and Wilmington also submitted bids for the project.

BNC Bancorp to buy Charleston's Harbor National Bank

June 6, 2014

(Winston-Salem Journal)

BNC Bancorp will acquire Charleston, S.C.-based Harbor Bank Group for $50.6 million. High Point-based BNC will gain $306 million in assets when the deal is completed later this year, raising its total assets to about $4 billion.

Unifi expanding Yadkinville plant for recycled yarn fabrics

June 4, 2014

(Winston-Salem Journal)

Greensboro-based yarn manufacturer Unifi will invest $5 million and hire 10 people in an expansion of its Repreve recycling center in Yadkinville. Repreve products are manufactured with yarn made from recycled plastic bottles and are used in apparel and car seats. The plant will employ 947 after the expansion.

 

Krispy Kreme investors react after company lowers guidance

June 4, 2014

(Winston-Salem Journal)

Shares of Winston-Salem-based Krispy Kreme Doughnuts fell 14.8% Tuesday a day after the company lowered its fiscal 2015 earnings forecast. The doughnut-maker reduced its earnings guidance from a range of $51 million to $55 million to a range of $48 million to $51 million.

Report: Triad TV viewers exposed to most e-cig advertising

June 4, 2014

(News & Record, Greensboro)

The Triad area has the most electronic-cigarette ad exposure, a children's health journal reports. The article in Pediatrics says current advertising could lead to increased use of e-cigarettes in youth and young adults. North Carolina is one of 39 states that bans sales of e-cigarettes to youth. 

State's largest independent insurance agency is sold

June 3, 2014

(The News & Observer, Raleigh)

Greensboro-based Senn Dunn Insurance has been acquired by White Plains, N.Y.-based Marsh & McLennan for an undisclosed amount. Senn Dunn, which employs 155 at offices in Charlotte, Greensboro, High Point, Raleigh and Wilmington, was the state's largest independent insurance agency.

BNC Bancorp completes acquisition of Community First

June 3, 2014

(Winston-Salem Journal)

BNC Bancorp has completed its $26 million acquisition of Chapel Hill-based Community First Financial Group, the parent company of Harrington Bank. High Point-based BNC, which operates as Bank of North Carolina, gains three branches and $225 million in assets from the purchase.

Burlington Industries gets $2.2 million military contract

June 2, 2014

(Winston-Salem Journal)

Burlington Industries was granted a $2.2 million contract to produce fabric for physical training shorts for the U.S. Marine Corps. Burlington, a division of Greensboro-based International Textile Group, has been awarded eight military contracts over the past 12 months. 

Mihal named new president of Forsyth Medical Center

June 2, 2014

(Winston-Salem Journal)

Denise Mihal becomes president of Forsyth Medical Center today. The Newark, N.J. native will be the sixth female hospital president at Winston-Salem-based Novant.

Asheboro medical-devices plant to close; 635 workers affected

May 30, 2014

(Winston-Salem Journal)

Arrow International will close its Asheboro plant by 2017 and 635 people will lose their jobs. The company, which makes medical devices including cathethers and surgical kits, is moving production to Mexico. Arrow is owned by Wayne, Pa.-based Teleflex Inc.

N.C. A&T foundation worker charged with embezzlement

May 30, 2014

(News & Record, Greensboro)

An employee at N.C. A&T University Foundation has been charged with embezzling about $400,000 over three years. Former Director of Accounting Shirlye Grandy was charged with embezzlement, obtaining property by false pretenses, corporate malfeasance and computer fraud.