Reynolds American Will Remain Headquartered in Winston-Salem
Cigarette maker Reynolds American Inc. is planning to buy rival Lorillard for about $27 billion in a deal to combine two of the nation's oldest and biggest tobacco companies.
Economy
Reynolds American to acquire Lorillard in $27.4B deal
Breaking News from our media partners at the Triad Business Journal:
Chocolatier Lindt To Buy Russell Stover
Russell Stover has a long history, a large distribution network and loyal U.S. customers — the world's largest chocolate market. Lindt specializes in higher-end brands like Ghirardelli and Lindor.
How A Factory Man Fought To Save His Furniture Company
Virginia furniture owner John Bassett III was determined to beat out foreign competitors. Author Beth Macy documents him, and the collapse of the U.S. furniture industry, in her new book, Factory Man.
China's Booming Real Estate Market Finally Begins To Slide
After years of stunning growth, China's go-go real estate market is in retreat. It has been one of the engines driving the world's second-largest economy, so economists are watching it closely.
Highway Project Could Pave the Way For More Growth in Triad's Aviation Industry
In what transportation officials have been planning for decades, construction is underway in northwest Guilford County on an expensive stretch of interstate highway that holds the promise of further boosting the Triad's growing aviation industry.
Picketing Truckers Raise Tensions At LA Port Amid Dockworker Talks
Some drivers are on strike at the ports of LA and Long Beach, and shipping companies are in negotiations with dockworkers over a new contract. Analysts say a full-blown strike would hurt the economy.
Detroit Shuts Off Water As It Tries To Collect Millions Owed
This year, 17,000 customers have had their water shut off because of late payments. Residents are upset with how the city is going about it, and question whether some are getting special treatment.
To Break Cycle Of Child Poverty, Teaching Mom And Dad To Get Along
An anti-poverty agency in Ohio says the breakdown of the family is undermining all its other efforts, so it is focusing on teaching moms and dads how their relationship impacts their child.
A New Ride Sharing Service Drives into Winston-Salem
An international ride-sharing service is moving into the Piedmont Triad.