Hershey's cost cuts trigger plant closings and strikes
Hershey Foods tightens spending under new CEO Richard H. Lenny, closing plants and slashing jobs as 2,800 workers at two production facilities strike. Analysts say promotions by rivals and a weak confection market pressuring margins, while workers accuse executives of corporate greed despite healthy company profits.
MENTIONED IN THIS ARTICLE
Harrisburg
Milton S. Hershey
Hershey
Hershey Stadium
Richard H. Lenny
Nabisco
Mars
Nestle
Mitchell Pinheiro
Janney Montgomery Scott Inc
Philadelphia
Pinheiro
Hershey Foods
Nestle and
William Leach
Banc of America Securities
New York
Wrigley
Leach
George Askew
Legg Mason
Pennsylvania
Askew
New York Stock Exchange
Chocolate Workers Local 464
Bruce Hummel
Hummel
Lenny
Kenneth L. Wolfe
Brewers sue over millertime domain name dispute
Miller Brewing Co seeks relief in federal court over millertime.com after the Miller family of San Mateo County refused to surrender the domain. The case centers on trademark rights to its long running slogan It’s Miller Time and fair use arguments under the Anti cybersquatting act and ICANN rules.
MENTIONED IN THIS ARTICLE
San Francisco
Miller Brewing Co
Miller
San Mateo County
Milwaukee
Millertime.com
Mark Miller
Miller Brewing
U.S. District Court
Millers
National Arbitration Forum
Register.com
Miller Time
Bies
Miller Institute For Learning With Technology
Internet Corporation
ICANN
U.S. Department of Commerce
Millerlite.com
Millertime
Gaston Mall adds tenants as occupancy nears 82 percent
Cursor Properties Inc. manages Gaston Mall under Gaston GDS LLC after a 1998 sale from Four Star Investors. New tenants include Larry's Trophies & Awards, Collector's World, and Tarheel Insurance Agency, with 82 percent occupancy and 14 spaces still available. Located on 27 acres, the 240,000 square foot mall opened in 1970 and sits beside Mary Jo's Cloth Store.
MENTIONED IN THIS ARTICLE
McGuire
Cursor Properties Inc
Gaston Mall
Cursor
Gaston Gds LLC
New York City
Farstacky Associates Inc
Four Star Investors
Four Star
David Hoyle
Dallas
Bennie Hoyle
Gastonia
Margaret “Mary Jo” Cloninger
Charles Ricks
Charlotte
Hoyle
Cloninger
Mary Jo's
Mary Jo’s
China House
Brooks
Pam Baldwin
East Franklin Boulevard
Baldwin
Daschle pushes worker protection in trade bill
Senate Majority Leader Tom Daschle demands health care assistance or tax credits for workers who lose jobs due to international trade deals as a condition for empowering Bush to negotiate trade agreements. The White House backs training and adjustment aid, while Republicans seek compromise amid opposition to new government benefits.
MENTIONED IN THIS ARTICLE
Washington
White House
Senate
Tom Daschle
Bush
South Dakota
Claire Buchan
Daschle
Congress
Chile
U.S
Charles Grassley
Iowa
Commerce
Don Evans
CCAir pilots approve five year contract offer
In a Friday vote 77 to 30 in favor, CCAir pilots approved a five year contract after narrowly rejecting an earlier offer. The airline warned it could shut down July 1 if labor costs aren’t reduced, risking 353 jobs, including 250 in Charlotte. If approved, plan calls for 50 seat jets for US Airways.
MENTIONED IN THIS ARTICLE
Ccair
Duce
Charlotte
US Airways
Andy Kaufman
Daewoo Deal Reshapes Creditors and Plants Sale Plan
GM and affiliates will invest 400 million to hold 67 percent of a new company acquiring three Daewoo plants in Korea Vietnam and nine sales subsidiaries in Puerto Rico and Europe. Creditors fund 197 million for 33 percent, issuing 1.2 billion in preferred stock and extending 2 billion in loans. Daewoo, bankrupt since 2000, had debts near 17 billion and can produce 2 million vehicles annually. Hynix board rejects Micron sale plan, rebuffing creditors who backed it.
MENTIONED IN THIS ARTICLE
Daewoo
South Korea
Vietnam
Puerto Rico
European
Austria
France
Germany
Italy
Spain
Switzerland
Netherlands
Daewoo Motor
Hynix
U.S
Micron
Also Mentioned on This Page
Associated Press
Hershey Chocolate Corp
Scott Bussen
Bussen
Collector’s World
Jim Waugh
Cramerton
Waugh
Jackson’s
Tarheel Insurance Agency
Tommie McIlwain
Sharon McKilwain
Thomas J. Monigan
Lloyd T. Kelso & Associates
Attorneys At Law
N.C
North Carolina
Gaston County
South York Street
Lawyers.com
Kelsolaw
Remnan
DascaLe
Bill Clinton
URA
Jean Vierstra
Biomedic
Oragi
Charles H. Hutchins
M.D
Cox Road
Laser-Hutchins.com
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