Business North Carolina articles from July 2005

Business North Carolina archives from July 2005

Another view.(UP FRONT)
July 1, 2005... The letter was anonymous, the writer identifying himself only as "A Southern Prep School Grad." It was in reference to last month's cover story on Woodberry Forest School. "Yes, the private prep schools have beautiful campuses, dormitories...

Trend.(Illustration)
July 1, 2005... [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] Latest Previous Previous % change month month year from last year EMPLOYMENT Total...

Stock watch.(Illustration)
July 1, 2005... [GRAPHIC OMITTED] [GRAPHIC OMITTED] Highest price/earnings ratios P/E 5/27/05 52-week Company ratio (3) price range MedCath 417.0 ...

How you gonna keep 'em down on the farm.(ECONOMIC OUTLOOK)(Interview)
July 1, 2005... Republican Steve Troxler won a close election for state agriculture commissioner in November that was disputed because a broken voting machine failed to record 4,400 votes. On Feb. 4, Democratic incumbent Britt Cobb conceded. Troxler has a...

Eastern.(REGIONAL REPORT)(companies if North Carolina)
July 1, 2005... Eastern military bases take few hits Eastern North Carolina, where most of the military's 135,000 troops and civilian workers in the state are based, escaped proposed Pentagon budget cuts with few casualties. Total state body count: a net...

Working capital.(Brief Article)
July 1, 2005... Jobs: 757,935 YTD change: 23,498 Index: 99.4 Jobs: 478,508 YTD change: 17,448 Index: 99.6 Jobs: 987,397 YTD change: 18,223 Index: 102.4 Jobs: 853,017 YTD change: 10,228 Index: 104.4 Jobs:...

Triangle.(REGIONAL REPORT)(WakeMed wins 102 new hospital beds)(AB Automotive will expand and add employees)
July 1, 2005... WakeMed kicks its rival out of beds WakeMed pitched a shutout against rival Rex Healthcare by winning all 102 new hospital beds allocated for Wake County this year. It's the first time the N.C. Division of Facility Services has approved an...

Triad.(REGIONAL REPORT)
July 1, 2005... It's a wrap: RJR sells its packaging unit R.J. Reynolds Tobacco Co., part of Winston-Salem-based Reynolds American, wants to focus on making cigarettes, so it split its packaging division into five pieces and sold them to five companies for...

Charlotte.(REGIONAL REPORT)(Duke Energy Corp. to buy Cinergy Corp.)(David Singer, CEO of Lance)(America West Holdings Corp. to merge with US Airways Inc.)
July 1, 2005... Cinergy finds higher power with Duke Charlotte-based Duke Energy agreed to buy Cincinnati-based Cinergy for $9 billion in stock. The deal is expected to close in summer 2006. When it does, Duke will have 3.7 million retail electric...

Western.(REGIONAL REPORT)(Mills Manufacturing laysoff its employees)(Cherokee Casino Hotel will open a new tower)(Anne Ponder to become chancellor of University of North Carolina (Asheville))
July 1, 2005... Project gives retirees rooms with a view Pending approval by the Asheville City Council, Charlotte-based Brownlyn Associates will begin marketing a $200 million retirement community on Beaucatcher Mountain. Construction likely will start in...

Despite ruling, this is no open-and-shut case.
July 1, 2005... The state Court of Appeals says Presbyterian Hospital Huntersville, which opened in November, shouldn't have. But it also says the hospital shouldn't be closed. Just to mix it up more, the court says its owner should seek permission to open the...

Low-price Wal-Mart says pay is too high.(TAR HEEL TATTLER)
July 1, 2005... A penny saved is a penny earned. And even at a $285 billion business such as Bentonville, Ark.-based Wal-Mart Stores, pennies add up. The retail giant, whose approximately 47,000 Tar Heel workers make it the state's largest for-profit employer,...

Farmers reap bumper crop of solicitations.(TAR HEEL TATTLER)(Brief Article)
July 1, 2005... The story sounds familiar: Farmers find mailboxes stuffed with notices from banks and other financial institutions. But for about 70,000 tobacco growers and allotment holders, the letters aren't duns. They're from businesses wanting a piece of...

Corrections.(Correction Notice)
July 1, 2005... The name of the Nissen Building in Winston-Salem was misspelled in the story about high-rise residential development in the June issue. It has 18, not 20, floors. A Tar Heel Tattler item in the May issue used the old name of Rowan Regional...

Ports chief harbors hope for expansion.(PEOPLE)(Tom Eagar,deputy executive director of Ports Authority)
July 1, 2005... Given the choice, Tom Eagar would probably prefer to be elbow-deep in an engine block of one of the Corvettes--six, so far--that he restores. "My cars have won a few show awards, but the reward really is in the process, not any payment at the...

He tries to generate heat with Fuzeon.(PEOPLE)(Steve Skolsky of Trimeris Inc.)
July 1, 2005... When he took the top job at Morrisville-based Trimeris Inc., some said Steve Skolsky was asking for trouble. "A lot of people outside of Trimeris advised me that taking the role of CEO and keeping the former CEO on board was something I should...

Her group fashions ways to save soles.(PEOPLE)(Sally Kay president of The Hosiery Association)
July 1, 2005... Maybe it's fitting that Sally Kay hits an occasional snag as president of The Hosiery Association. Politics, for instance. Many domestic members want tariffs on imports from low-wage countries. But the international association includes members...

Pinehurst didn't putter around with the open.(SPORTS SECTION)
July 1, 2005... Hiring thousands of employees. Negotiating hundreds of supply contracts. Finding business partners. Millions of dollars in local economic impact that depend on your performance. Typical worries of a business executive? Sure. Then how about...

Paper cuts: as about 80 employees--and the new owner--of the Durham Herald-Sun learned, they can be painful.(FEATURE)
July 1, 2005... We didn't fire everybody," Bob Ashley, the executive editor of The Herald-Sun, says with a nervous chuckle. "They're out on assignment." The newsroom of Durham's daily newspaper is nearly empty. Fluorescent lights give a sickly green cast to...

Trouble in river city: a paper mill on the Pigeon River brought it prosperity. But market forces--and those of nature--now batter Canton.(COVER STORY)(Cover Story)
July 1, 2005... The September sun gives it life, siphoning moisture from the Atlantic off the coast of Africa. The earth's rotation coaxes it into a counterclockwise spiral as it begins its two-week journey to the Gulf of Mexico, where, nudged by the jet...

Grow your own: Wake Forest spent millions to recruit Tony Atala, hoping to reap a fortune from his research in cultivating body parts.(PICTURE THIS)
July 1, 2005... Tony Atala is on the hot seat, though he's fielding easy questions. He struggles to recall he's 46, was born in South America and grew up mostly in Boca Raton, Fla. Asked when he got his bachelor's from the University of Miami, he tilts his...

Doctors' doctors: these are the peers physicians would choose to heal themselves.(Directory)
July 1, 2005... His behavior had been erratic but never like this. He admired a patient's ring and invited her to go outside to his car, ostensibly so he could show her his ring. She refused. When a man complained of an injured foot, he removed the patient's...

Military base: Fayetteville wants more defense contracts.(REGIONAL REPORT: SPECIAL ADVERTISING SECTION)(Advertisement)
July 1, 2005... Last January, the Army asked for bids on five apparel contracts--cut-and-sew work worth $270 million--to fit soldiers with new combat uniforms. Although North Carolina has a long history in manufacturing textiles and apparel and a massive...

Bricks & mortar.
July 1, 2005... Some imagine a spaceship. Others see a beehive. No matter. The Research Triangle Park headquarters of what's now drug maker GlaxoSmith-Kline paved the way for modernism in Tar Heel architecture in 1972. The hilltop site inspired architect Paul...