Alcatel-Lucent.(Charlotte)
CHARLOTTE -- Alcatel-Lucent says it might close its plant here,
idling about 225, if union representatives don't agree to
cost-saving proposals during the next four to six months. The
Paris-based . . .
Convergys.(Charlotte)
HICKORY -- Convergys will spend about $4 million to open a call
center by October. It will employ nearly 450. The Cincinnati-based
company manages customer relations, information and human . . .
Saving Wachovia will test temper of Steel.(Charlotte)
Durham native Robert Steel, 56, former vice chairman of Goldman
Sachs and undersecretary of the U.S. Department of Treasury, became CEO
of Charlotte-based Wachovia in July. He has a big mess to . . .
Fibrowatt.(Triad)
ELKIN -- Fibrowatt, which burns poultry waste to produce
electricity, will spend $140 million to build a second plant in North
Carolina. It hopes to begin production in 2011 and employ about 80. . . .
High point.(Triad)
HIGH POINT -- St. Louis-based Furniture Brands International plans
to close its Henredon and Drexel Heritage plant here by 2009, idling
about 300. City officials blamed the shifting of work to . . .
Nucor.(Charlotte)
CHARLOTTE -- Steelmaker Nucor agreed to buy Auburn, Ind.-based
Ambassador Steel, which makes concrete-reinforcing bars, for $185
million. The transaction is scheduled to close in the third . . .
The Charlotte Observer.(Charlotte)
CHARLOTTE -- McClatchy, a Sacramento, Calif.-based newspaper chain,
cut 123 jobs at The Charlotte Observer and 70 at The News & Observer
of Raleigh in response to falling ad sales. The Charlotte . . .
Working capital.(Charlotte)
CHARLOTTE REGION
Jobs: 1,047,403 YTD change: 540 Index: 108.9
Source: Employment Security Commission, April. Figures are not
seasonally adjusted. The index is the number of jobs as a percentage . . .
N.C. A&T State University.(Triad)
GREENSBORO -- N.C. A&T State University and UNC Greensboro
hired James G. Ryan, 53, as the first dean of their Joint School of
Nanoscience and Nanoengineering. Ryan was a nanotechnology researcher . . .
Greensboro.(Triad)(John Cawthron resigned and Ron Utecht, Kevin
Carter appointed from TIMCO Aviation Services)(Brief article)
GREENSBORO -- John Cawthron, 65, resigned as chairman and CEO of
TIMCO Aviation Services, which employs about 1,600 here repairing and
overhauling airplanes. It says Cawthron wants to spend more . . .
Mountain port will be no joke.(Western)(Harbors can create
hundreds of jobs)(Report)
Virginia has one. Texas has a bigger one. North Carolina wants
another one. Why are inland ports popular? Supporters say they're
worth millions in trade and can create hundreds of jobs to . . .
Kennedy Covington Lobdell & Hickman.(Charlotte)
CHARLOTTE -- Kennedy Covington Lobdell & Hickman was bought by
Pittsburgh-based K&L Gates, which has 25 offices and about 1,700
lawyers around the world. Kennedy Covington employed about 175 . . .
Bank of America.(Charlotte)
CHARLOTTE -- Bank of America plans to cut 7,500 jobs from its
mortgage, home equity and insurance businesses. It wants to eliminate
overlap between recently acquired mortgage lender Countrywide . . .
South Atlantic Bonded.(Triad)
GREENSBORO -- South Atlantic Bonded Warehouse plans to close this
month, idling 87. The company recently lost a contract with a nearby
Procter & Gamble plant.
For a daily roundup of business news . . .
High point -- Thomas Built Buses.(Triad)
HIGH POINT -- Thomas Built Buses laid off about 190 of its nearly
1,600 employees here. It blamed slow . . .
Chris-Craft.(Charlotte)
KINGS MOUNTAIN -- Chris-Craft laid off 15 employees, leaving it
with about 70 here. The Sarasota, Fla.-based boat maker blamed the weak
U.S. economy.
For a daily roundup of business news in the . . .
Duke Energy.(Charlotte)
CHARLOTTE -- Duke Energy bought Rutland, Vt.-based Catamount Energy
for $240 million. The purchase will more than double Duke's
wind-energy production to 500 megawatts, roughly the same as . . .
Help from Boston: Cash, maybe karma, for
Petty.(Charlotte)
It has been a great year for pro sports in Boston. The Celtics are
champs in basketball, the Red Sox are the reigning kings of baseball,
and the Patriots won all of their football games--except the . . .
Apparel maker VF.(Triad)
GREENSBORO -- Apparel maker VF bought a third of Los Angeles-based
Mo Industries, a marketer of women's sportswear. Terms of the deal,
which includes an option to buy the other shares next year, . . .
High point.(Triad)
HIGH POINT -- Beginning next spring, the High Point Market will
operate Saturday through Thursday instead of Monday through Sunday.
Officials say the change in the twice-a-year furniture show is . . .
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