Winston-Salem Journal articles from July 2005

Winston-Salem Journal archives from July 2005

Biotech officials upset about SBIR grants.
July 30, 2005... Byline: M. Paul Jackson Jul. 30--When Don deBethizy, the chief executive of Targacept Inc., applied for a Small Business Innovation Research grant two years ago, he thought the two-phase grant would come through with no problems. He...

Triad's unemployment rate rises.
July 30, 2005... Byline: Richard Craver Jul. 30--A seasonal fluctuation in education jobs and an increase in the labor pool led to a jump in the Triad's unemployment rate to 5.5 percent in June, the N.C. Employment Security Commission reported yesterday....

Trucks parts supplier to locate new plant in Mount Airy.
July 29, 2005... Byline: Sherry Youngquist Jul. 29--MOUNT AIRY, N.C. -- CK Technologies, an automotive supplier to Volvo and Freightliner, announced yesterday that it would build a plant in Mount Airy create bring 50 jobs -- an investment of $19 million....

Children learn about customer service at North Carolina business camp.
July 29, 2005... Byline: Jeanne Sturiale Jul. 29--Alexis Pilson pulled every which way at her tight, Superwoman-blue server gloves. She denied being nervous. But, at 11: 35 a.m. yesterday, the moment of truth arrived for Pilson, 9, and fellow...

Triad Guaranty sees shareholders bolt after disappointing quarterly earnings.
July 29, 2005... Byline: Brian Louis Jul. 29--Shares of Triad Guaranty Inc. tumbled 12.5 percent yesterday after the company reported second-quarter earnings that fell short of Wall Street expectations. The 8-percent decline in earnings broke the...

North Carolina soap maker cleans up with her home-based business.
July 27, 2005... Byline: Fran Daniel Jul. 27--LEWISVILLE -- Marcia Sullivan made her first bar of homemade soap about 20 years ago in a chemistry lab in junior college. "They kind of looked like sea urchins," said Sullivan, who lives in...

Some independent hardware stores in Mocksville, N.C., worry with Lowe's in town.
July 27, 2005... Byline: James Romoser Jul. 27--MOCKSVILLE -- The opening of a Lowe's home-improvement center here has some local hardware stores worried that they may lose customers. The spiffy new Lowe's -- with its 100,000 square feet of retail...

Reynolds American reports 66 percent profit in second quarter.
July 27, 2005... Byline: Brian Louis Jul. 27--Reynolds American Inc. reported a 66 percent increase in second-quarter profit yesterday thanks to the addition of Brown & Williamson Tobacco Corp. and higher cigarette prices. "We have achieved all of...

Las Vegas furniture trade show challenges North Carolina industry dominance.
July 26, 2005... Byline: Richard Craver Jul. 26--LAS VEGAS -- Thousands of exhibitors and buyers got their first look yesterday at the opening furniture market in Las Vegas, a trade show that may eventually challenge High Point's market supremacy. ...

Materials-handling equipment provider Atlantic Coast Toyotalift buys site.
July 26, 2005... Byline: Fran Daniel Jul. 26--Atlantic Coast Toyotalift has bought a 7.2-acre site in Union Cross Business Park for its new headquarters and sales, service, rental and lease operations for the materials-handling industry. The company...

Local program provides affordable housing to low-income borrowers.
July 23, 2005... Byline: Jeanne Sturiale Jul. 23--Divina Castro didn't hesitate to say what she liked best about her family's move to a brand new house in east Winston-Salem. "I'm going to have my own bedroom," Castro, 8, announced, romping through...

Food packaging plant not being built in Winston-Salem, N.C., area.
July 23, 2005... Byline: Brian Louis Jul. 23--Alcan Inc. intended to build a packaging plant in the Winston-Salem area, but it didn't work out that way. The Montreal company's subsidiary, Alcan Packaging Food and Tobacco Inc., was one of five...

North Carolina's unemployment rate increases to 5.3 percent.
July 23, 2005... Byline: Fran Daniel Jul. 23--North Carolina's unemployment rate increased to 5.3 percent in June from a revised 5.1 percent in May, but the Employment Security Commission said yesterday that the state is still adding jobs. The...

PPG Industries lays off 30 from Lexington, N.C., plant.
July 23, 2005... Byline: Jessica Guenzel Jul. 23--LEXINGTON -- PPG Industries Inc. in Lexington will fire up to 30 employees at the end of July. The plant, which makes fiberglass yarn, is shutting down one of three furnaces in an effort to reduce...

Move of advertising company gives boost to Winston-Salem, N.C., revitalization.
July 22, 2005... Byline: Brian Louis Jul. 22--Downtown revitalization efforts got a shot in the arm yesterday when advertising and marketing agency Mullen announced plans to move its local operations into the mostly vacant Park Building on North Cherry...

Greensboro, N.C.-based outdoor apparel company posts 11 percent profit rise.
July 22, 2005... Byline: Brian Louis Jul. 22--VF Corp. reported an 11 percent increase in second-quarter profit yesterday because of strong sales in its outdoor and sportswear businesses. VF, a branded-apparel company based in Greensboro, said that...

North Carolina cancer center looks to expand, renovate.
July 21, 2005... Byline: M. Paul Jackson Jul. 21--Forsyth Medical Center said yesterday that it wants to expand and renovate the Derrick L. Davis Forsyth Regional Cancer Center, hoping to add more space for the nurses who counsel cancer patients. The...

Wachovia posts 32 percent increase in second-quarter net income.
July 20, 2005... Byline: Brian Louis Jul. 20--Wachovia Corp. reported a 32 percent increase in second-quarter net income yesterday thanks to tight control over expenses and the addition of SouthTrust Corp. "We're very pleased with our second-quarter...

Triad biotech community issues recommendations on developing area industry.
July 16, 2005... Byline: M. Paul Jackson Jul. 16--The Triad's biotechnology community needs to build a network of scientists to succeed, as well as find more laboratory space, attract entrepreneurs and develop more education programs for students. ...

New Dell employees finish first week of job training.
July 16, 2005... Byline: Richard Craver Jul. 16--Rick Fiddle had no problem yesterday explaining why he's fired up about working for Dell Inc. "I like being part of a winning team," Fiddle said, even though his still-undefined job will require him to...

Hospital takes first steps toward building new medical-services building.
July 16, 2005... Byline: M. Paul Jackson Jul. 16--In March, Wake Forest University Baptist Medical Center disclosed tentative plans to build a new medical-services building. The hospital took its first plans for that building to the state yesterday. ...

Dell begins construction on conveyor system in North Carolina.
July 14, 2005... Byline: Richard Craver Jul. 14--Dell Inc. said yesterday that construction has started on a two-mile conveyor system at the company's new computer-assembly plant in Forsyth County. The three-month project requires up to 110 local...

Greensboro, N.C., textile manufacturer plans plant in China.
July 13, 2005... Byline: Richard Craver Jul. 13--International Textile Group's quest to live up to its name took a major step forward yesterday with plans to build a denim plant in China. The textile manufacturer, based in Greensboro, will own a...

BB&T earnings meet analysts' expectations.
July 13, 2005... Byline: Brian Louis Jul. 13--BB&T Corp. said yesterday that second-quarter net income slipped 3.3 percent because of a $26.6 million charge related to a change in its the accounting for leases. Excluding the charge and merger...

Sara Lee Corp.'s branded-apparel division to eliminate 775 North American jobs.
July 12, 2005... Byline: Brian Louis Jul. 12--Sara Lee Corp.'s branded-apparel division said yesterday that it is eliminating 775 positions in the United States, Mexico and Canada, including previously announced local job cuts. The division said that...

Morrisville, N.C., company to review operation of behavioral health center.
July 12, 2005... Byline: M. Paul Jackson Jul. 12--CenterPoint Human Services is spending about $20,000 to bring a Morrisville company in to review operations at struggling HopeRidge Center for Behavioral Health, CenterPoint's chief executive said. ...

Dispute between Krispy Kreme subsidiary, Texas franchisee lands in court.
July 9, 2005... Byline: Brian Louis Jul. 9--A dispute between a subsidiary of Krispy Kreme Doughnuts Inc. and a Texas franchisee has landed in court. In May, a judge in Harris County, Texas, issued an order preventing the subsidiary, Krispy Kreme...

Northwest North Carolina Better Business Bureau warns about loan scam.
July 8, 2005... Byline: Fran Daniel Jul. 8--The Better Business Bureau of Northwest North Carolina is warning consumers that advance-fee loan scams are on the rise. This is an old scam. A consumer receives a call or email or sees an ad in a...

Winston-Salem, N.C., firms urged to push biotechnology in area.
July 8, 2005... Byline: M. Paul Jackson Jul. 8--The 31 tenants within the Piedmont Triad Research Park are all based in different buildings, but they're still connected. That's the sentiment from research park officials, who said yesterday the...

Winston-Salem, N.C., business thrives with internet sales.
July 7, 2005... Byline: Fran Daniel Jul. 7--Diane Pearce and her business partner Tracy DeBenedictis used to just buy merchandise on eBay. But that was before they cleaned out their closets and pantries and found that "stuff" sells. And before...

Winston-Salem, N.C., medical school confirms physician resigned in 2004.
July 7, 2005... Byline: M. Paul Jackson Jul. 7--Wake Forest University Baptist Medical Center officials confirmed yesterday that a former physician resigned from the medical school last year, following discoveries that he falsified research in a grant...

Forsyth County, N.C., EMTs use new software to transmit information to hospital.
July 6, 2005... Byline: M. Paul Jackson Jul. 6--Emergency-room physicians often used to have to wait for a cardiac patient to enter the hospital before making a diagnosis. Now, they can do it while the patient is still at home. Wake Forest...

No success for Krispy Kreme with fee.
July 2, 2005... Byline: Brian Louis Jul. 2--Kroll Zolfo Cooper LLC and Krispy Kreme Doughnuts Inc. are taking longer than they expected in negotiating a "success fee" to be paid to the turnaround company, but the delay does not surprise outside...

Morrisville, N.C., company will provide management of behavioral health center.
July 1, 2005... Byline: M. Paul Jackson Jul. 1--The board of directors for the HopeRidge Center for Behavioral Health agreed yesterday to immediately turn the agency's operations over to a behavioral-health-services company based in Morrisville, hoping...

Dell re-opens Web site for people seeking North Carolina computer-assembly jobs.
July 1, 2005... Byline: Richard Craver Jul. 1--Dell Inc. said yesterday that it has re-opened the Web site for people wanting to pursue production jobs at its computer-assembly plant in southeastern Forsyth County. Dell will collect information from...

Forsyth County, N.C., road could become corridor for auto shopping.
July 1, 2005... Jul. 1--Jonestown Road could become a corridor for luxury automobile shopping in Forsyth County with businessman Victor Flow Jr.'s recent purchase of two properties near U.S. 421. Flow, the owner of Flow Imports Inc. of Winston-Salem,...

Winston-Salem, N.C., center A Great Escape for the family.
July 1, 2005... Byline: Fran Daniel Jul. 1--Jim Moury has been interested in the property behind his Upper Crust Pizza restaurant on Peters Creek Parkway since well before he moved his business there in 2003. Moury and his sister, Jane Kane, and his...