Search

The article focuses on the largest public companies in North Carolina with six companies with good returns with the telecom, utilities, consumer staples sector having performed well. Topics include one of the worst performing sectors being bio technology with companies like Chimerix performing poorly, and apparel brands like Hanesbrands performed remarkably well.

The article presents information on companies based in North Carolina whose stocks are expected to generate the best average total return for the 52-week period that concluded on October 27, 2006. Trends for wireless Internet accessibility will allow the stocks of radio-frequency integrated circuits manufacturer RF Micro Devices Inc. to rise. Semiconductor company Cree Inc. is still able to generate $150 million during a slow year. Hanesbrands Inc. intends to outsource manufacturing processes.

The article presents business updates in the Piedmont Triad region of North Carolina as of January 2014. Clothing company Hanesbrands, Inc.'s hometown manufacturing was done at Weeks hosiery plant on the north side and the Stratford Road plant. Swedish lock manufacturer Assa Abloy Group agreed to acquire commercial garage door manufacturer Amarr. A Comprehensive Cancer Center has been opened by Wake Forest Baptist Medical Center on December 9, 2013.

This section offers news briefs in the Triad region of North Carolina. HanesBrands Inc. and Wake Forest Baptist Medical center have collaborated to provide surgical care and improve medical facilities in the Dominican Republic. Laboratory Corporation of America, based in Burlington, will acquire MEDTOX Scientific. Megard Ward was named editor-in-chief of "The High Point Enterprise" of High Point.

This section offers news briefs on businesses in the Triad region of North Carolina. Hanesbrands is planning to cease production at its factory in Forsyth County by the end of 2010. Construction on a shopping center was started in Mebane by Tanger Factory Outlet Centers. A local laboratory will be opened by pharmaceutical company Ameritox in Greensboro.

This section offers news briefs on business in North Carolina as of January 2009. Pittsburgh, Pennsylvania-based FedEx Ground Package System will construct a $100 million regional distribution hub in Kernersville. Apparel manufacturer Hanesbrand will dismiss 155 employees as part of its corporate reorganization. Winston-Salem State University will repay the federal government $1.15 million over three years for loans and grants given to ineligible students.

Reports on the appointment of Lee Chaden as CEO and executive chairman of Hanesbrands Inc. based in Winston-Salem, North Carolina. Information on the divestiture plans of the company for Sara Lee Corp.; Educational attainment and occupational achievement of the executive; Plan of Hanesbrand to recruit additional employees.

The article offers business news briefs for North Carolina as of September 2014. Eastern North Carolina cities invest their interests in power plants operated by Duke Energy Corp. to generate less debt. Apparel manufacturer Hanesbrands Inc. will close its distribution center in Fayetteville, three months later that it previously planned. Vehicle and aviation support company AAR Aircraft Services will dismiss 102 employees at its local plant in Goldsboro by September 12.

The article discusses the plan of Winston-Salem, North Carolina-based clothing manufacturer Hanesbrands to contribute roughly 38 million U.S. dollars to its defined-benefit pension in 2013.

The article deals with the mixed reviews received by the 1.15 billion U.S. dollar credit facility for Hanesbrands, a clothing company based in Winston-Salem, North Carolina. The credit facility was arranged by a bank consortium comprised of JPMorgan, Bank of America, HSBC and Barclays. It relates the amount of the term loan and the credit revolver that made up the credit facility. Proceeds from the debt package will be used by Hanesbrands to refinance its existing debt.

This section offers news briefs on business in North Carolina. Hanesbrands plans to sell three of its mills to Parkdale America and close its warehouses in Advance and Clemmons by year's end. Wells Fargo & Co. plans to maintain an operations hub in Winston Salem, adding almost 150 jobs over the next two years. Turbo care will spend 30 million dollars to grow its plant in Rural Hall, adding 110 workers over a three year period.

The article reports on the decision of Hanesbrands, a garment manufacturer based in Winston-Salem, North Carolina, to stop making its own yarn and instead outsource it from yarn suppliers. As part of this decision, the company has agreed to sell majority of its manufacturing operations to Parkdale, a yarn manufacturer based in Gastonia, North Carolina. The sale will be completed in the fourth quarter of 2009 and is expected to give Hanesbrands 100 million dollars in cost savings within six months.

This article reveals the plan of Hanesbrands Inc. to lay off 440 employees in Forsyth County, North Carolina by the second quarter of 2010. The layoff plan will affect 2,550 Forsyth workforce. International Textile Group Inc. is another firm in the region that made some layoffs. In early 2009, the firm laid off 100 employees.

The article reports on the mix reviews given by investors to the 1.15 billion dollar deal for clothing company Hanesbrands Inc. in North Carolina. It mentions that a bank consortium made up of J.P. Morgan Chase & Co., Bank of America Corp., HSBC Holdings PLC and Barclays PLC arranged credit to the facility. It is stated that the company is planning to utilize the debt package proceeds to refinance existing debt.

The article reports that Winston-Salem, North Carolina-based Hanesbrands Inc. has posted net income of 36.5 million dollars in the three months ended on April 3, 2010. Sales in the quarter also improved 8.2 percent to 927.8 million dollars from 857.8 million dollars during the same period a year-ago. According to Richard Noll, chairman and chief executive officer, the company had seen positive sell-through rates since the holidays.

The article reports on the profit gain of Hanesbrands Inc. of Winston-Salem, North Carolina in the third quarter of 2009. It states that the profitability results from tight management of expenses and inventory. Chief executive officer Richard Knoll reveals that the cost-saving initiatives could drive profit growth in 2010.

The article offers news briefs related to textile industry in North Carolina. It reports on the move of the International Textile Group Inc. to reduce 100 jobs at its White Oak denim-manufacturing plant in Greensboro. Meanwhile, 400 jobs will be cut down in the headquarters and distribution center of Hanesbrands Inc. in Winston-Salem. It states that Parkdale America LLC is closing a plant in Sanford.

The article reports on the move of Naturally Advanced Technologies Inc. in spinning hemp yarn and knitted fabric on conventional cotton equipment at North Carolina State University. The move, which was sponsored by Hanesbrands Inc., has employed the CRAILAR Organic Fibers technology. The technology has the capacity of transforming the hemp into a better sustainable alternative to organic cotton.

The article reports on the business performance of Hanesbrands Inc. in Winston-Salem, North Carolina. It stresses that the company has reported an increase of 52 cents from 25 cents on its per-share earnings for the 2007 fourth quarter. Moreover, it reveals that the company's net sales has hiked by 2.4% to $1.16 billion.

The article reports on the plan of Hanesbrands Inc. to close its elastic manufacturing plants in North Carolina. According to executive vice president Gerald Evans, the closure is due cost effectiveness and the globalization of the apparel. The scheme will affect several employees and their communities but the company will also employ 7,380 people after the negotiations.

The article reveals the plan of Hanesbrands Inc. to close its textile manufacturing plant in Winston-Salem, North Carolina and to relocate the production to existing lower-cost plants in the Caribbean basin and Central America. It will cease production by June 30, 2007. Information is presented on lay-off compensation facing plant workers. Comments are made by Gerald Evans, executive vice president and chief global supply chain officer regarding the company's global supply chain strategy.

The article reports on the decision of Hanesbrands Inc. to cease the operations of its Aleo sheer hosiery, dyeing, packaging and distribution facility in Rockingham, North Carolina. A number of employees will lose their job as a result of the shutdown. The company will consolidate its Aleo plant operations in Winston-Salem, North Carolina.

The article reports on the shutdown of the manufacturing plants of Hanesbrands Inc. in North Carolina, South Carolina and Mexico. Thousands of people will be laid off due to the plant closures. Production will be transferred to the manufacturing facilities in the Caribbean basin and Central America. This move will be beneficial for the company.