Swift Galey.(Western)
MARION -- Swift Galey let go about 150 of 525 employees at its
fabric plant here. The Atlanta-based textile maker blamed . . .
Ultracoat.(Western)
FOREST CITY -- Ultracoat, a subsidiary of Shelby-based Ultra
Machine & Fabrication, plans to open a factory here to paint
military vehicles. The $2 million plant, scheduled to begin production
in . . .
Bank of Granite.(Western)
GRANITE FALLS -- Charles Snipes, 74, retired as CEO of Bank of
Granite. The title went to Scott Anderson, 52, the president and chief
operating officer. Snipes, who has worked at the bank 25 years, . . .
Superior Machine Company of South Carolina.(Western)
MARION -- Superior Machine Company of South Carolina plans to add
at least 25 workers this year at its factory here, which employs nearly
55. The Florence-based company may add another 25 if there . . .
Keep Asheville Weird.(Western)
Even before the influx of neohippies, mountain folk had a tradition
of doing their own thing. It has long been part of the highland charm.
Bumper stickers urge: Keep Asheville Weird, and visitors . . .
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 . . .
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