Triad

Thomasville lumber company recognized by state agency

February 17, 2014

(The Winston-Salem Journal)

The N.C. Department of Agriculture and Consumer Services has named Thomasville-based Prime Lumber the 2014 N.C. Exporter of the Year. The company, which processes and sells hardwoods for a variety of uses, shipped more than $8.5 million board feet internationally in 2013.

Wake Forest MBA program makes list of top business schools

February 14, 2014

(The Courier-Tribune, Asheboro)

London's Financial Times listed the full-time MBA program at the Wake Forest School of Business among the top 50 in the nation. The program ranked No. 47 overall and No. 2 for salary growth among U.S. schools.  

B/E Aerospace will expand in Winston-Salem

February 13, 2014

(The Winston-Salem Journal)

Wellington, Fla.-based B/E Aerospace has leased a 37,775-square-foot office space at Oak Summit Business Park, where it already employs about 400. The company currently employs more than 1,300 in Winston-Salem.

Fourth-quarter income doubles for Reynolds American

February 13, 2014

(The Winston-Salem Journal)

Reynolds American reported fourth-quarter net income of $292 million compared with $139 million for the same period in 2012. The company also reported positive results from test markets for its electronic-cigarette brand Vuse, which it plans to launch later this year. 

Greensboro home sales rose 18.5% in 2013

February 13, 2014

(The News & Record, Greensboro)

The annual Greensboro Housing Report indicates the number of homes sold in 2013 rose 18.5% compared with 2012, from 3,187 to 2,690. 

DHHS warns against touching water, eating fish from Dan River

February 13, 2014

(The News & Observer, Raleigh)

The N.C. Department of Health and Human Services is telling people downstream of Duke Energy's coal ash spill on the Dan River to avoid contact with the water and avoid eating fish or shellfish from that section of the river while it continues to monitor and evaluate data.

Novant Health changes sterilization procedures at all of its hospitals

February 12, 2014

(The Charlotte Observer)

Novant Health announced that all surgical instruments used in brain-surgery cases at its hospitals will go through an enhanced sterilization process. The change follows the Winston-Salem-based health-care company's disclosure on Monday that 18 patients at its Forsyth Medical Center were exposed to instruments that were used on a patient with a rare, fatal brain disease.

Duke ready to begin coal-ash cleanup in Dan River

February 11, 2014

(The Charlotte Observer)

Duke Energy contractors will begin pumping about 250 cubic yards of coal ash, about 1% of the total amount spilled, from a section of the Dan River in Eden, allowing them to test techniques it may use for a larger cleanup of the river. They will also begin pumping concrete grout into the broken stormwater pipe that broke, leading to the spill.

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.