Working capital.(Western)
WESTERN REGION
Jobs: 500,488
YTD change: 232
Index: 103.0
Source: Employment Security Commission, November. Figures are not
seasonally adjusted. The index is the number of jobs as a . . .
Foes fear you can't see the forest for the
trees.(Western)
Beauty, they say, is in the eye of the beholder. That also goes for
value. Covering the landscape along a mountain road, trees are lovely to
behold and create vistas that draw visitors--and their . . .
Chelsea Therapeutics.(Charlotte)(Brief article)
CHARLOTTE -- Chelsea Therapeutics is in the middle of second-stage
clinical testing on a drug to treat rheumatoid arthritis. The
three-month test of CH-1504 is scheduled to end in April. . . .
Goodrich.(Charlotte)
CHARLOTTE -- Goodrich purchased Fort Worth, Texas-based Skyline
Industries, which makes military helicopter seats and armor. Terms
weren't disclosed. Skyline and its 40 employees will become part . . .
Johnson C. Smith University.(Charlotte)(appointment of Ron
Carter)(Brief article)
CHARLOTTE -- Johnson C. Smith University named Ron Carter, 59, to
succeed Dorothy Cowser Yancy, 63, as president, effective July 1. Yancy,
who has led the school since 1994, announced last year . . .
Lance.(Charlotte)
CHARLOTTE -- Saying that it wants to diversify, Lance purchased a
minority stake in Hyannis, Mass.-based Late July Snacks. Late July makes
organic versions of crackers, sandwich cookies and other . . .
Consolidated Theatres.(Charlotte)
CHARLOTTE -- Knoxville, Tenn.-based Regal Entertainment Group,
which owns and operates movie theaters, plans to purchase competitor
Consolidated Theatres for $210 million. The sale, scheduled to . . .
Nexxus Lighting.(Charlotte)
CHARLOTTE -- Nexxus Lighting, which uses light-emitting diodes to
make traffic lights, electronic signs and other products, agreed to buy
Maple Grove, Minn.-based Lumificient, which makes LEDs. . . .
Speedway Motorsports.(Charlotte)(Brief article)
CONCORD -- Speedway Motorsports plans to complete construction of
its $60 million drag strip near Lowe's Motor Speedway here in time
for a National Hot Rod Association event Sept. 11-14. The drag . . .
Cambria.(Charlotte)
CHARLOTTE -- Le Sueur, Minn.-based Cambria, which makes quartz
countertops, flooring and other products, opened a factory that will
employ about 80 here. The company says it spent $4 million on the . . .
Exactech.(Charlotte)(Exactech Inc. acquired ALTIVA Corp.)(Brief
article)
CHARLOTTE -- Gainesville, Fla.-based medical-device maker Exactech
acquired Altiva, which makes spinal implants and related products, for
$25 million. Altiva will operate as a subsidiary of . . .
Parkdale Mills.(Charlotte)
GASTONIA -- Parkdale Mills purchased Rio Rancho, N.M.-based US
Cotton, which makes private-label cotton balls, pads and other products
at factories in Charlotte, Cleveland, Montreal and Rio Rancho. . . .
Cogdell Spencer.(Charlotte)(Marshall Erdman and Associates
Inc.)(Brief article)
CHARLOTTE -- Cogdell Spencer, a real-estate investment trust,
agreed to pay $247 million for Madison, Wis.-based Marshall Erdman and
Associates, which specializes in the planning, design and . . .
Hickory Brands.(Charlotte)
HICKORY -- Nissan Joseph, 43, resigned as CEO of Hickory Brands,
which makes shoe polish, cleats, insoles and laces. He took a job as
chief operating officer of Birmingham, Ala.-based . . .
Carolinas HealthCare System.(Charlotte)
MONROE -- Charlotte-based Carolinas HealthCare System hired Michael
Lutes, 36, as president and CEO of its Carolinas Medical Center-Union
hospital. Lutes is the former CEO of Greenbrier Valley . . .
BofA will reach the top with Countrywide deal.(Charlotte)
Charlotte-based Bank of America is set to add "largest U.S.
mortgage lender" to its list of credits, following the news it
intends to purchase financially troubled Countrywide Financial in a . . .
Working capital.(Charlotte)
CHARLOTTE REGION
Jobs: 1,056,590
YTD change: 9,440
Index: 109.8
Source: Employment Security Commission, November. Figures are not
seasonally adjusted. The index is the number of jobs as a . . .
Detention center slips across river to Gaston.(Charlotte)
Hey, Mecklenburg County: You snooze, you lose. Gaston County has
taken center stage as the possible site of a detention center for
illegal immigrants after the project's main proponent, Rep. . . .
Remington Arms.(Triad)
MADISON -- Gun and ammunition maker Remington Arms bought North
Haven, Conn.-based Marlin Firearms, which makes rifles and shotguns. The
family-owned company also owns the Harrington and . . .
Pace Airlines.(Triad)
WINSTON-SALEM -- Pace Airlines has begun adding about 70 employees
at its heavy-maintenance base at Smith Reynolds Airport. The jobs, with
annual salaries averaging $50,000, will bring the . . .
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