Winston-Salem Journal articles from June 2002

Winston-Salem Journal archives from June 2002

Winston-Salem, N.C.-Area Agents See Strong Demand for Low-End Housing.
June 28, 2002... Byline: Brian Louis Jun. 28--Houses priced at the low end of the market are seeing strong demand as low mortgage rates attract people who couldn't afford to buy a house in the past, according to local home builders and real-estate...

North Carolina Technology Industry Sees Increase in Jobs Last Year.
June 28, 2002... Byline: Kristi E. Swartz Jun. 28--North Carolina's technology industry added an overall 2,200 jobs last year, despite many layoffs, failing companies and overall slow growth, a technology-trade association says. This represented 2...

Winston-Salem, N.C., Broadband Network Spearheaded by Three Universities.
June 28, 2002... Byline: Kristi E. Swartz Jun. 28--Three Winston-Salem universities are serving as the state's first regional access point to a high-speed telecommunications network, allowing educational institutions, businesses and government to do...

Unemployment Rate Rises in Winston-Salem, N.C., Area in June.
June 28, 2002... Byline: Jane Seccombe Jun. 28--The unemployment rate in the Triad bounced back up in May, dimming hopes that unemployment had peaked. The unemployment rate for the Winston-Salem/Greensboro/High Point area increased to 6.1 percent in...

Several Companies Eyed as Buyers of Winston-Salem, N.C., Building.
June 27, 2002... Byline: Brian Louis Jun. 27--Since Wachovia Corp. announced last week that it will sell the Park building on Cherry Street, speculation has swirled in Winston-Salem about who might eventually call the building home. A couple of local...

Tech Executive Challenges North Carolina to Improve Schools, Collaborate.
June 27, 2002... Byline: Kristi E. Swartz Jun. 27--GREENSBORO, N.C.--David Norbury, the president of RF Micro Devices Inc., said he wasn't going to sugarcoat anything when talking about the region's lack of growth at this week's annual meeting of the...

Boston Energy Company Plans Natural Gas Power Plant in Winston-Salem, N.C.
June 26, 2002... Byline: Kristi E. Swartz Jun. 26--CME North American Merchant Energy LLC said yesterday that it is moving forward with plans to build a $400 million natural-gas power plant in southern Winston-Salem. The Boston company said that the...

Wachovia Unveils Updated Employee-Volunteer Policy.
June 26, 2002... Byline: Jane Seccombe Jun. 26--Wachovia Corp. unveiled a revised employee-volunteer policy yesterday, expanding its Time Away from Work program beyond its original focus on education. Wachovia has allowed employees four hours of paid...

Hooters Comes to Winston-Salem, N.C.
June 25, 2002... Byline: Carey Hamilton Jun. 25--The Hooters Girls, those waitresses who serve up cold beer and spicy chicken wings in snug tank tops and skimpy shorts, are coming to Winston-Salem. Hooters officials at the chain's Atlanta...

Tobacco Companies Take a Beating in Wake of Court Losses.
June 25, 2002... Byline: Brian Louis Jun. 25--Investors pounded the stock of R.J. Reynolds Tobacco Holdings Inc. and other tobacco companies yesterday in the wake of recent courtroom losses. The latest round of bad news for tobacco stocks came on...

Wachovia to Sell 640,000 Square Feet of Office Space in Winston-Salem, N.C.
June 23, 2002... Jun. 23--Wachovia Corp. plans to shed about 640,000 square feet of office space in downtown Winston-Salem over the next year as it consolidates operations in the wake of last year's acquisition by First Union Corp. Ending months of...

R.J. Reynolds to Launch New Liine of Camel Cigarettes.
June 22, 2002... Byline: Brian Louis Jun. 22--A new member of R.J. Reynolds Tobacco Co.'s Camel-cigarette family will be arriving in stores soon: Camel Turkish Royal. Camel Turkish Royal should be available for sale July 1, Jan Smith, a Reynolds...

North Carolina Jobless Rate Declines Slightly.
June 22, 2002... Byline: Jane Seccombe Jun. 22--North Carolina's seasonally adjusted unemployment rate inched down to 6.8 percent last month as overall growth in service-producing jobs offset declines in the retail and manufacturing sectors, according to...

BellSouth Asks for Approval to Offer Service in North Carolina.
June 21, 2002... Byline: Kristi E. Swartz Jun. 21--BellSouth formally asked the Federal Communications Commission Thursday for approval to offer long-distance service in North Carolina yesterday. This is the telecommunication company's last stop in...

Farmers Discontinue Selling Tobacco at Winston-Salem, N.C., Market.
June 20, 2002... Byline: Brian Louis Jun. 20--For the first time in more than 130 years, farmers won't be selling their tobacco at a market in Winston-Salem. "In the city limits, there will not be any warehouses operating," said Sam J. Young, the...

Wachovia Hires Marketing Director for Wealth Management Business.
June 20, 2002... Byline: Fran Daniel Jun. 20--Wachovia Corp.'s wealth management business, which is focused on financial products and services for the very well-to-do, has hired Raj Madan to lead its marketing team. In his newly created position of...

Greensboro, N.C., Airport Wants to Reduce Protective Buffers around Streams.
June 19, 2002... Byline: Kristi E. Swartz Jun. 19--GREENSBORO, N.C.--Last year the Piedmont Triad Airport Authority adopted plans to create 100-foot buffers around streams that run on its property. Yesterday they said they wanted to reduce those...

Business Leaders Tout North Carolina Biotechnology Industry at Toronto Meeting.
June 18, 2002... Byline: Kristi E. Swartz Jun. 18--Triad and North Carolina business leaders talked up the state's biotechnology industry in Toronto last week with a little help from Krispy Kreme Doughnuts Inc. and hockey fever. Representatives from...

Head of North Carolina Employees Association Urges Boycott of CVS, Eckerd.
June 13, 2002... Byline: Dana Damico Jun. 13--RALEIGH, N.C.--The head of the state employees association urged members at a rally yesterday to boycott two major drugstore chains starting July 1 if the stores follow through with plans to drop out of the...

North Carolina House Passes Bill to Make Power Plants Cut Pollution.
June 13, 2002... Byline: Dana Damico Jun. 13--Belews Creek Steam Station and 13 other coal-fired power plants in North Carolina would have to cut the pollutants that cause smog, haze and acid rain under a bill that passed the state House yesterday. ...

North Carolina Tax Plan that Lets Counties Raise Sales Taxes Nears Approval.
June 13, 2002... Byline: David Rice Jun. 13--RALEIGH, N.C.--The state Senate tentatively approved a $409 million tax plan yesterday that would let counties raise sales taxes and forbid the governor to withhold taxes that the state collects for local...

Foes of Proposed FedEx Cargo Hub in North Carolina Try to Show What Will Come.
June 12, 2002... Byline: Kristi E. Swartz Jun. 12--GREENSBORO, N.C.--Many opponents of the proposed FedEx cargo hub at the Piedmont Triad International Airport say they still aren't convinced that others realize how much noise the airplanes that use the...

North Carolina Hospitals Boost Security to Handle Radioactive-Material Threats.
June 12, 2002... Byline: Danielle Deaver Jun. 12--Four years ago, officials at Moses Cone Hospital in Greensboro discovered that 19 vials of cesium, a radioactive material used to treat cancer, were missing. Authorities concluded that the vials had...

North Carolina State Budget Omits Lottery, Sin Tax.
June 12, 2002... Jun. 12--RALEIGH, N.C.--The $14 billion budget for 2002-03 that state senators will debate today is more remarkable for what's not in it than for what is. There's no lottery and no increased cigarette tax -- but the budget is based on an...

Dip into North Carolina's Tobacco Fund May Be More Likely.
June 12, 2002... Byline: David Rice Jun. 12--RALEIGH, N.C.--Tobacco farmers and quota owners in North Carolina will be more than compensated for losses stemming from a settlement between the tobacco industry and the states by payments that cigarette...

Jonesville and Yadkin County, N.C., Want to Raise Revenue from Hotel Stays.
June 12, 2002... Byline: Amy Frazier Jun. 12--Travelers making an over-night stop in Jonesville might have to leave a cut for the town as well as for the county. Jonesville and Yadkin County officials are working to establish an occupancy tax. State...

CEO of Associated British Foods Moves to Winston-Salem, N.C., Headquarters.
June 9, 2002... Byline: Kristi E. Swartz Jun. 9--Andrew Hebard, the chief executive of Kings Inc., moved his family to Winston-Salem from Cambridge, England, on April 1. But even on April Fool's Day, it was no joke that he was able to buy a house,...

Bocock Sports to Close Final Department Store in Winston-Salem, N.C.
June 8, 2002... Byline: Fran Daniel Jun. 8--Bocock Sports, formerly Bocock-Stroud Co., plans to close its last department store, a company official said yesterday. The company's store at Thruway Shopping Center, which opened in 1966, is scheduled to...

Developer Plans Housing Subdivision in Winston-Salem, N.C.
June 7, 2002... Byline: Brian Louis Jun. 7--Plans are under way for a 79-acre housing development in eastern Winston-Salem whose total cost could be as much as $30 million. A Kernersville developer, C. Edwards & Company Inc., will develop the lots,...

Winston-Salem, N.C., Area Stays at Bottom of Forbes' Ranking for Single Life.
June 7, 2002... Byline: Kristi E. Swartz Jun. 7--The glowing emails about single life in the Triad didn't help the area any, according to Forbes.com. According to its 2002 survey of the best places to line for single people released late yesterday,...

Entrepreneurial Program Head Speaks to Winston-Salem, N.C., Business Leaders.
June 7, 2002... Byline: Kristi E. Swartz Jun. 7--Budding entrepreneurs aren't just the business majors or engineering students at universities anymore, but can be found in any classroom at any school, the executive director of Cornell University's...

Winston-Salem, N.C., Gets a Homeownership Center.
June 6, 2002... Byline: Fran Daniel Jun. 6--The Center for Homeownership, a nonprofit counseling service to help people buy homes, has opened in Winston-Salem. "The American Dream now has it's own office, it's own home, and that's the Center for...

Krispy Kreme to Start Overseas Expansion in Australia.
June 6, 2002... Byline: Brian Louis Jun. 6--Krispy Kreme Doughnut Inc.'s overseas expansion will begin in Australia, the company told shareholders at its annual meeting in Winston-Salem yesterday. Krispy Kreme Australia, a new company in which...

Winston-Salem, N.C., Ranks Near Bottom of Best Places for Singles List.
June 6, 2002... Byline: Kristi E. Swartz Jun. 6--So, does the Triad have enough funky, trendy and fun stuff to do if you're single? Forbes.com didn't think so last year. The online site for the influential business magazine published its first...

Real-Estate Development Firm Plans Subdivision in Winston-Salem, N.C.
June 5, 2002... Byline: Brian Louis Jun. 5--McAlpine Group, a real-estate development company with offices in Greensboro and Charlotte, is planning a 209-lot subdivision to be called Crouse Acres south of West Clemmonsville Road where that road...

Lowe's Reflects on 2001 at Annual Shareholders Meeting in Charlotte, N.C.
June 1, 2002... Byline: Brian Louis Jun. 1--CHARLOTTE, N.C.--With its stock up 108.6 percent last year, it's no wonder there were plenty of smiles and backslapping at Lowe's Cos. Inc.'s annual shareholders meeting yesterday morning in Charlotte. ...