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 . . .
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 . . .
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 . . .
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 . . .
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 . . .
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 . . .
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 . . .
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 . . .
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 . . .
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 . . .
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, . . .
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 . . .
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 -- Thomas Built Buses.(Triad)
HIGH POINT -- Thomas Built Buses laid off about 190 of its nearly
1,600 employees here. It blamed slow . . .
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 . . .
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 . . .
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 . . .
Working capital.(Triad)
TRIAD REGION
Jobs: 765, 975
YTD change: 1,018
Index: 100.2
Source: Employment Security Commission, April, Figures are not
seasonally adjusted. The index is the number of jobs as a . . .
Two's company.(Triad)
Is there room for two aerotropolises in one state? Henry Isaacson,
chairman of the Piedmont Triad Airport Authority, says there is. State
leaders have been trying for more than a decade to build . . .
UNCG will be a player in Triad.(Triad)
Linda P. Brady, 60, replaces Patricia Sullivan as chancellor of UNC
Greensboro this month. For the past two years, she's been senior
vice president and provost at the University of Oregon. Before . . .
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