Business North Carolina back issues from September 2004:
Telling stories.(Up Front)
Sep 01, 2004; ... It's getting to be a habit. For the third year in a row, Senior Editor Ed Martin won the gold prize for best body of work by a magazine reporter in the Association of Area Business Publications Editorial Excellence Awards. Once again the judges--members of the University of ...
Manager in chief.(Letters)(Letter to the Editor)
Sep 01, 2004; ... A business magazine is for managers, and presumably its editors understand and support strong management. By attacking George Bush (Up Front, August) and, by clear implication, endorsing Kerry and Edwards, you opt for two who are flagrantly unqualified to assume the responsibilities of the ...
It pays to advertise.(Letters)(Letter to the Editor)
Sep 01, 2004; ... In your August issue, you have an advertisement for recruitment of new businesses and expansions to Michigan. Why would you allow such an ad to be placed in BUSINESS NORTH CAROLINA? Yes, the statewide business climate has experienced a moderate uptick ...
Risk trumps reward.(Letters)(Letter to the Editor)
Sep 01, 2004; ... Senior Editor Ed Martin does good work in reporting much of the firestorm surrounding the cost of medical care in North Carolina and the availability/cost of medical professional-liability insurance (cover story, July). I would not pretend to have all the answers, but I do have the benefit ...
Trend.(Illustration)
Sep 01, 2004 ... [GRAPHIC OMITTED] [GRAPHIC OMITTED] [GRAPHIC OMITTED] [GRAPHIC OMITTED] [GRAPHIC OMITTED] [GRAPHIC OMITTED] [GRAPHIC OMITTED] <Pre> LatestPrevious Previous % change ...
Regions should muster clusters.(Economic Outlook)
Sep 01, 2004 ... Legislation passed by the General Assembly in 2002 requires the state's seven economic-development partnerships to produce five-year plans. The 23-county AdvantageWest partnership, working with the Office of Economic Development at UNC Chapel Hill, completed its plan in April. Among its ...
Expansion treads water with jobs.(Eastern)(Brief Article)
Sep 01, 2004 ... Goodyear is spending $17.7 million to upgrade its Kelly-Springfield tire plant in Fayetteville to produce larger tires, mostly for sport utility vehicles. No jobs will be created, but executives say the project might help preserve some of the 2,850 already at the plant. Battered by ...
Livedo.(Eastern)(medical supplies plant planned)(Brief Article)
Sep 01, 2004 ... WILSON -- Ehime, Japan-based Livedo will build a $35 million plant here that will employ about 75 making disposable medical supplies such as adult ...
EasternNC Natural Gas.(Eastern)(North Carolina)(Brief Article)
Sep 01, 2004 ... HAVELOCK -- Craven and 13 other counties will get natural-gas service by the end of the year, EasternNC Natural Gas officials say. Construction of main lines is being paid for in part by a $200 ...
Toastmaster.(Eastern)(employee policy)(Brief Article)
Sep 01, 2004 ... LAURINBURG -- Toastmaster, a maker of appliances, will have to pay a former employee here $166 a week until she finds a job. The state Supreme Court ruled that companies can't fire ...
McCarty.(Eastern)(construction contracts)(Brief Article)
Sep 01, 2004 ... FAYETTEVILLE -- Austin, Tex.-based McCarty won a $17 million contract to build four ...
A plan to build a 400-foot, $1 million lighted tower to attract tourists is dead.(Eastern)(Brief Article)
Sep 01, 2004 ... FAYETTEVILLE -- A plan to build a 400-foot, $1 million lighted tower to attract tourists is dead. The ...
Ocean Dunes.(Eastern)(Brief Article)
Sep 01, 2004 ... KURE BEACH -- Residents of Ocean Dunes condominiums and the complex's president will repay the federal ...
Working capital.(Eastern)(Brief Article)
Sep 01, 2004 ... Source: Employment Security Commission, May. Figures are not seasonally adjusted. The index ...
Restatement has investors seeing red.(Triangle)(Red Hat Inc.)(Brief Article)
Sep 01, 2004 ... Raleigh-based Red Hat, which sells and services the Linux computer-operating system, faces at least 15 class-action lawsuits after announcing it will restate earnings from the past three years. Milberg Weiss, the New York law firm that recently sued Winston-Salem-based Krispy Kreme ...
Salix Pharmaceuticals.(Triangle)(selling a treatment for diarrhea)(Brief Article)
Sep 01, 2004 ... RALEIGH -- Salix Pharmaceuticals started selling Xifaxan, a treatment for diarrhea. The company hasn't released sales projections, ...
Atlanta-based BWAY, which makes steel and plastic containers, purchased North America Packaging.(Triangle)(Brief Article)
Sep 01, 2004 ... RALEIGH -- Atlanta-based BWAY, which makes steel and plastic containers, purchased North America Packaging. Terms weren't disclosed. North ...
Adherex Technologies.(Triangle)(management)(Brief Article)
Sep 01, 2004 ... DURHAM -- Drug developer Adherex Technologies moved from Ottawa in July and filed notice with the U.S. Securities and Exchange ...
TriVirix.(Triangle)(bought plants from Medtronics)(Brief Article)
Sep 01, 2004 ... DURHAM -- Medical-device maker TriVirix bought plants in Denmark and Salt Lake City from Minneapolis-based Medtronics, increasing employment from 220 to ...
Ultimus.(Triangle)(sales offices)(Brief Article)
Sep 01, 2004 ... CARY -- Ultimus, which makes software to manage business processes such as expense reimbursements, opened a sales office in Italy as part of its ...
Merck.(Triangle)(Merck and Company Inc. bought 262 acres in Durham )(Brief Article)
Sep 01, 2004 ... DURHAM -- Whitehouse Station, N.J.-based Merck bought 262 acres in Durham for a vaccine factory. The company paid about $10.7 ...
Synthon Pharmaceuticals.(Triangle)(location changes)(Brief Article)
Sep 01, 2004 ... RESEARCH TRIANGLE PARK -- Dutch drug maker Synthon Pharmaceuticals plans to move its U.S. headquarters here. The $10.3 million investment should ...
Charles River Laboratories International.(Triangle)(to buy Inveresk Research for $1.5 billion )(Brief Article)
Sep 01, 2004 ... CARY -- Wilmington, Mass.-based Charles River Laboratories International agreed to buy Inveresk Research for $1.5 billion in cash and stock. Both companies ...
Amkor Technology.(Triangle)(to buy Unitive for $46 million)(Brief Article)
Sep 01, 2004 ... RESEARCH TRIANGLE PARK -- West Chester, Pa.-based Amkor Technology, which makes and tests semiconductors, agreed to buy chip maker Unitive for about $46 million. The deal, which was ...
M.L. Morgan Enterprises.(Triangle)(Brief Article)
Sep 01, 2004 ... SMITHFIELD -- Johnston County commissioners rejected a proposal from Knightdale-based M.L. Morgan Enterprises to move a trucking terminal near here ....
Progress Energy.(Triangle)(taxation)(Brief Article)
Sep 01, 2004 ... Executives at Raleigh-based Progress Energy expect the Internal Revenue Service to rule against the utility in an audit of its use of $942 million in tax credits for synthetic fuel ...
General Dynamics Advanced Information Systems.(Triad)(moving jobs)(Brief Article)
Sep 01, 2004 ... GREENSBORO -- Arlington, Va.-based General Dynamics Advanced Information Systems will move at least 50 of its approximately 300 Triad jobs to Massachusetts and Virginia ...
Gildan Activewear.(Triad)(expasions)
Sep 01, 2004 ... EDEN -- Montreal-based shirt maker Gildan Activewear plans to expand its warehouse here and create 50 to 100 jobs in the next three years ....
Shamrock Environmental.(Triad)(Shamrock Environmental Corporation)(Brief Article)
Sep 01, 2004 ... GREENSBORO -- Shamrock Environmental will add 25 employees this year, partly because of a $600,000 contract with FedEx and Piedmont Triad International Airport ....
Forsyth Technical Community College.(Triad)(Brief Article)
Sep 01, 2004 ... Forsyth Technical Community College is building an extension campus in King on 53 acres of land it recently bought. It will cost about $7 million, include about 40,000 square feet of classroom space and be completed by fall 2007. Forsyth Tech will offer classes for public-safety workers ...
Office tower set to take off near PTI.(Triad)(Piedmont Triad International Airport)(Brief Article)
Sep 01, 2004 ... Falk Cos., a Greensboro-based real-estate developer, plans to build an office tower at least 221 feet--14 stories--tall near Piedmont Triad International Airport. The building could be as tall as 360 feet--25 stories--making it one of the city's tallest. The Jefferson-Pilot Building, ...
Luwa Industrial Piping.(Triad)(to create 20 jobs)(Brief Article)
Sep 01, 2004 ... KING -- Luwa Industrial Piping, part of Switzerland-based Zellweger Luwa Group, will create more than 20 jobs here in the next two years. ...
Fuel distributor Quality Oil bought Smitherman Oil of Pfafftown.(Triad)(Brief Article)
Sep 01, 2004 ... WINSTON-SALEM -- Fuel distributor Quality Oil bought Smitherman Oil of Pfafftown ....
TransTech Pharma.(Triad)(finance)(Brief Article)
Sep 01, 2004 ... HIGH POINT -- TransTech Pharma got $10 million in venture-capital financing in July and expects $20 million more by early 2005. New York venture firm MacAndrews & Forbes Holdings is ...
Pike Electric.(Triad)(bought Red Simpson)(Brief Article)
Sep 01, 2004 ... MOUNT AIRY -- Pike Electric, which installs power lines and builds substations, bought Alexandria, La.-based Red Simpson. Terms weren't ...
BofA puts it on plastic and baseball.(Charlotte)(Bank of America)(Brief Article)
Sep 01, 2004 ... Charlotte-based Bank of America will create the country's second-largest credit-card processor when it closes on its $1.4 billion cash purchase of Louisville, Ky.-based National Processing, expected in the fourth quarter. BofA will combine the company, which handles debit-card, credit-card ...
The Cypress Group.(Charlotte)(to buy Dana's automotive-aftermarket group)(Brief Article)
Sep 01, 2004 ... GASTONIA -- Toledo, Ohio-based Dana agreed to sell its automotive-aftermarket group to New York-based private equity firm The Cypress Group for $1.1 billion. The ...
Carlisle.(Charlotte)(bought Trintex)(Brief Article)
Sep 01, 2004 ... CHARLOTTE -- Carlisle, a maker of construction and industrial products, bought ...
Hickory Regional Airport.(Charlotte)(resurfacing and lighting grants from Federal Aviation Administration )(Brief Article)
Sep 01, 2004 ... HICKORY -- Hickory Regional Airport received a $1 million grant from the Federal Aviation Administration for runway resurfacing and lighting. Officials hope the ...
Poppelmann.(Charlotte)(factory and warehouse planned)(Brief Article)
Sep 01, 2004 ... CLAREMONT -- Germany-based Poppelmann, a maker of plastic parts for the horticulture and automotive industries, will build a 33,000-square-foot ...
Kings Mountain International.(Charlotte)(plans to begin operations)(Brief Article)
Sep 01, 2004 ... KINGS MOUNTAIN -- Metal processor Kings Mountain International will begin operations here ...
Southern Ideal Door.(Charlotte)(distribution center opened)(Brief Article)
Sep 01, 2004 ... CHARLOTTE -- Southern Ideal Door opened a distribution center here. The Duluth, Ga.-based wholesaler of ...
Caraustar Industries.(Charlotte)(factory closures)(Brief Article)
Sep 01, 2004 ... CHARLOTTE -- Caraustar Industries, an Atlanta-based recycled-packaging company, will close its ...
Hunter Douglas Designer Shades.(Charlotte)(location changes)(Brief Article)
Sep 01, 2004 ... BESSEMER CITY -- Hunter Douglas Designer Shades, part of Upper Saddle River, N.J.-based Hunter Douglas, moved its ...
Eastman Kodak.(Charlotte)(film-processing lab closed)(Brief Article)
Sep 01, 2004 ... CHARLOTTE -- Rochester, N.Y.-based Eastman Kodak will close ...
Shurtape Technologies.(Charlotte)(distribution center planned)(Brief Article)
Sep 01, 2004 ... CATAWBA -- Hickory-based Shurtape Technologies, an adhesive-tape maker, will spend about $6 million to build a ...
Black & Decker.(Charlotte)(distribution center planned)(Brief Article)
Sep 01, 2004 ... CHARLOTTE -- Black & Decker, a Towson, Md.-based maker of power tools and home-improvement products, ...
Dalco Nonwovens.(Charlotte)(fabric mill opened)(Brief Article)
Sep 01, 2004 ... CONOVER -- Dalco Nonwovens opened a $6.5 million, 60,000-square-foot fabric mill ...
Gregory.(Charlotte)(distribution center opened)(Brief Article)
Sep 01, 2004 ... CHARLOTTE -- Buhler, Kan.-based Gregory, a supplier of ...
Duke Energy.(Charlotte)(cases)(Brief Article)
Sep 01, 2004 ... Charlotte-based Duke Energy agreed to settle claims related to the energy crisis in the western United States in 2000 and 2001. It will pay $207.5 million in cash and credits to California, Washington, Oregon, federal agencies, three California utilities and other parties. The settlement ...
City spins multiuse complex from mill.(Western)(Forest City)(Burnt Chimney Square)(Brief Article)
Sep 01, 2004 ... Forest City bought a 100-year-old textile-mill complex on 9 acres downtown and plans to turn it into condominiums, shops, restaurants, a performing-arts center and a textile museum. The city paid $300,000 for Florence Mill, which was owned by Cone Mills and closed in 2001. Tentatively ...
NAPCO.(Western)(Brief Article)
Sep 01, 2004 ... SPARTA -- NAPCO, which makes game boards, puzzles and related products, will ...
Land-of-Sky Regional Council.(Western)(Environmental Protection Agency )(Brief Article)
Sep 01, 2004 ... ASHEVILLE -- Land-of-Sky Regional Council, a local-government planning body, received about $1.4 million from the ...
Henderson County commissioners approved a growth plan tying development to preservation of farms and availability of water and sewer services.(Western)(Brief Article)
Sep 01, 2004 ... HENDERSONVILLE -- Henderson County commissioners approved a growth plan tying development to preservation of farms and availability of water and sewer services. Intended to curb sprawl, it divides ...
Earth Fare.(Western)(Brief Article)
Sep 01, 2004 ... ASHEVILLE -- Earth Fare opened health-food stores in Boone and Knoxville, ...
WCQS-FM will acquire the license of Mars Hill College's WVMH-FM, move the transmitter and boost power.(Western)(Brief Article)
Sep 01, 2004 ... ASHEVILLE -- WCQS-FM will acquire the license of Mars Hill College's WVMH-FM, move the transmitter and boost power. The project will take about a year and ...
9/11 attacks could hurt Triad Hebrew academy.(Tar Heel Tattler)(Greensboro boarding school )
Sep 01, 2004; ... It's unlikely that Muslim hijackers had the American Hebrew Academy on their radar Sept. 11, 2001, when they crashed jetliners into the World Trade Center, the Pentagon and a field in southern Pennsylvania. After all, the Greensboro boarding school opened just the day before. But the ...
Hospitals engage in life-or-death contest.(Tar Heel Tattler)
Sep 01, 2004; ... Good Hope versus Betsy Johnson doesn't exactly evoke images of Ali versus Frazier. But the two Harnett County hospitals are entering the third year of a health-care fight, and neither shows signs of retreating. But then, neither can. They both consider it a case of life or death. ...
Lawyers prosper by poor-mouthpiecing.(Tar Heel Tattler)
Sep 01, 2004; ... Joe Cheshire once advocated paying lawyers in private practice rather than full-time public defenders to represent poor people in Wake County who can't afford a lawyer. But he has changed his mind now that the program is paying some of them more than the chief justice of the N.C. Supreme ...
Good to Great.(What They're Reading)(Brief Article)
Sep 01, 2004 ... Mackey McDonald, CEO, VF Good to Great by Jim Collins Collins explores the strategies and organizational infrastructure that allowed 11 companies to refuse settling for the norm ...
Good to Great.(What They're Reading)(Brief Article)
Sep 01, 2004 ... Joan Myers, CEO, North Carolina Electronics and Information Technologies Association Good to Great by Jim Collins This book begins by stating that "good is ...
From Warrior to Healder: 99 True Stories from a General to His Children.(What They're Reading)(Brief Article)
Sep 01, 2004 ... Thad Woodard, CEO, North Carolina Bankers Association From Warrior to Healer: 99 True Stories from a General to His Children by Bernard Loeffke He was the commanding general of the U.S. Army in Central ...
NASCAR fined Jimmie Johnson $10,000.(Tattle Tales)(National Association for Stock Car Auto Racing)(Brief Article)
Sep 01, 2004 ... * Ad clutter: NASCAR fined Jimmie Johnson $10,000 for using a Lowe's sign to hide the giant PowerAde bottle placed on his car in Victory Lane at Pocono Raceway in ...
Fortunately for NASCAR and PowerAde, the Lowe's sign fell off while Johnson was being interviewed.(Tattle Tales)(Brief Article)
Sep 01, 2004 ... * Polite to a fault: Fortunately for NASCAR and PowerAde, the Lowe's sign fell off while ...
Pepsi also sponsors Johnson's Hendrick Motorsports teammate Jeff Gordon.(Tattle Tales)(Brief Article)
Sep 01, 2004 ... * Pass the bottle: Pepsi also sponsors Johnson's Hendrick Motorsports teammate Jeff Gordon, who celebrated winning ...