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Newspaper
The Gaston Gazette
Location
Gastonia, North Carolina, United States of America
Date
Jun 07, 1995
Page
7
Mortgage Bankers Association reports the seasonal delinquency rate for one to four unit homes fell to 3.91 percent in January to March, the lowest since early 1973. All regions improved, though a slight rise is expected as new loans age and the economy slows.
Christie's expands into real estate by acquiring Great Estates, the largest network of independent North American luxury brokers based in Santa Fe. The deal includes properties such as a $22 million horse ranch in California and a $13 million 25 room New York mansion, reflecting client demand and timeliness says David Tyler.
Boyer Candy Co. seeks to mitigate damage to its image after allegations of bad peanut butter in its sweets. The state cleared the company of contamination, though executives fear lingering reputation effects as Candy remains an impulse buy. A lab analysis found no contamination in candy samples.
Yadkin County voted unanimously to grant Unifi Inc. a $1.6 million incentive to build a new manufacturing plant. Unifi, a Greensboro textile firm, has not commented. The pact with Yadkinville and Boonville officials requires prompt construction, at least 200 new jobs, and a taxable value of at least $50 million.
Bell & Howell moves its Mail Processing Systems division worldwide headquarters from Lehigh Valley Pennsylvania to Durham North Carolina. About 60 employees transfer with plans to add 100 local hires by year end 1996 after a late January relocation and new lease signing.
Carolina Freight Carriers Corp opens regional distribution terminals in Detroit and Grand Rapids as part of a new metropolitan MRDC network. The Cherryville based unit, largest WorldWay subsidiary, operates 233 service centers and 17,000 trucks with over 9,000 employees.
Carolina Freight workers facing possible layoff or transfer meet with union and company officials in Cherryville for a wide attendance session. Bob Cline of Teamsters Local 61 said notices went out Tuesday and that the July 16 meeting at Club Carolina will be open to all union employees and families.
Philip Morris agreed to move Marlboro and other cigarette ads away from sidelines and telecasted areas in pro sports stadiums and arenas. Government officials cited violations of the 1971 ban on televised tobacco advertising and noted signs at NBA Knicks games and in other venues.
The Burlington Industries Mount Holly plant will convert to denim yarn production by October, shifting from knitted fabrics. Denton yarn production will end in August with about 380 jobs cut. 270 workers at Denton stay as a knitting facility. Parkdale Mills of Gastonia will supply yarns and may hire some displaced workers. Parkdale to evaluate Mount Holly today. training and retraining planned with no overall staff reduction at Mount Holly.
In Charlotte the second day of a cotton summit gathered growers ginners sellers and manufacturers as Congress hammers a new farm bill. John Maguire of the National Cotton Council warned of ongoing education of lawmakers amid spending pressures while Bruce Heiden noted many lawmakers are new to the process with hearings already underway through June.
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