Tagged: High Point

A manufacturing plant in High Point will close by the end of next year and more than 600 people could lose their jobs.

Food trucks are all the rage when considering cuisine and Greensboro wants to get in on the trend. The city is conducting a limited trial of food trucks to see how well they fare. Plus, the long-time mayor of High Point isn't seeking re-election, and five candidates are vying for the position. Host Frank Stasio gets a Triad news roundup from Greensboro Bureau Chief Jeff Tiberii.

Triad-based mattress giant Sealy is being acquired by rival Tempur-Pedic. The Lexington, Kentucky-based leader in foam mattresses will pay about $228 million in cash, and assume or pay back all of Sealy's outstanding debt. The merger would create the world's largest bedding company. Tempur-Pedic CEO Mark Sarvary says no major changes are expected in how either company is run.

A new study shows growth at High Point University has led to an increased economic impact on the local and state economy.

Jeff Tiberii: The report says that the annual economic impact has nearly tripled in just the last seven years. The private university with about 4-thousand undergrads has undergone a significant make-over during that time under President Nido Qubein.

Clothing manufacturer Ralph Lauren has announced it will expand in North Carolina.

Jeff Tiberii: The company plans to add 500 jobs by the end of 2017 while also investing about $100 million. Ralph Lauren is the city’s fourth largest employer and will have nearly 2,000 local workers after these additions. Governor Bev Perdue says the growth is a positive sign for the economy.