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Newspaper
The Gaston Gazette
Location
Gastonia, North Carolina, United States of America
Date
Jun 06, 1995
Page
5
IBM shows hunger to lead high tech with a $3.3 billion hostile bid for Lotus Development Corp. If approved, the takeover would reshape PC software, challenging Microsoft while Lotus says it will consider the $60 per share cash offer. Louis V. Gerstner Jr. says the combined strengths are breathtaking.
Freightliner Chief James L. Hebe welcomed the first employees at the former Oshkosh Chassis Division in Gaffney South Carolina now Freightliner Custom Chassis Corp. The 75 acre site houses a 163000 square foot plant built in 1989 and will grow rapidly as 215 local workers transition to the new firm.
Kmart Corp named veteran retailing executive Floyd Hall as its chairman, ending a lengthy search to replace Joseph Antonini who departed under pressure from stockholders and board members. Hall, 56, previously led at Target Stores and B Dalton among other firms.
The executive board of the Communication Workers of America authorized its president to call a strike at any time for about 90,000 CWA members and 20,000 IBEW represented workers. Spokesman Jeffrey Miller said organizers are one step closer to striking as talks resume today.
Two Gaston County textile firms appear in the 1995 North Carolina 100 top private companies by revenue. Parkdale Mills Inc of Gastonia is No 4 and Pharr Yarns Inc of Mccadenville is No 8. The list totals $14.7 billion in revenue and 112,461 employees, up from 1994.
Cotton growers and textile executives meet at a two day summit to shape the industry's brighter future. David Burns reports 28 percent of U S textiles originate in North Carolina as acreage rises from 50000 to over 750000.
Campbell Soup launches Art of Soup contest to find a new artist to replicate the Warhol impact. Forty years after Warhol popularized the red and white label with multiple Campbell can paintings, the company invites professionals and amateurs to submit bold designs aiming for global publicity and a new iconic image.
An owner recalls turning a travel accessory idea into Private Labels by su in 1993 after leaving a secure textile job. She credits sister Juanita Wagner for guidance, notes growing demand and backlog, and foresees needing help and more equipment without aiming for rapid growth.
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