Carolina Pad and Paper Co. of Charlotte will acquire some of the assets of Libretto Holdings, a New York manufacturer of stationery products.
Carolina Pad and Paper, which sells school and office products, says Libretto’s retail focus will add specialty markets and department stores to its retail channels.
In addition, the acquisition allows Carolina Pad and Paper [...]
Entries from May 2009
May 27, 2009
Carolina Pad expands distribution chain
May 27, 2009
General Dynamics unit lands $150M contract
General Dynamics Armament and Technical Products has received a contract valued at more than $150 million to produce armor tile sets for the Stryker family of military vehicles.
The tiles fasten to the exterior of the vehicles, allowing them to better withstand hits from anti-armor munitions, including rocket-propelled grenades.
The contact was awarded by sister company General [...]
May 27, 2009
Economists see modest rebound in 3Q
A panel of 45 U.S. economists expects a “modest” economic rebound to begin in the second half of 2009, picking up steam in 2010.
According to the National Association for Business Economics, “The panel … (predicts) positive, albeit modest, growth in the third quarter, followed by steady improvement thereafter. On the whole, however, the economic rebound [...]
May 27, 2009
Vintage passenger train goes through area
A vintage Norfolk Southern passenger train swung through downtown Marshall Wednesday afternoon, carrying railroad executives on an inspection of the rail system.
“That sounds like our inspection train. It travels through our system carrying company officers,” said Norfolk Southern spokesman Robin Chapman.
The cars, pulled by vintage diesel locomotive No. 4271, were painted the traditional maroon color [...]
May 27, 2009
Architecture firm opens
William “Bill” Wheeler has announced the formation of the firm William Wheeler Architect, specializing in residential design.
“I believe my greatest strength is my ability to listen to my clients and translate their desires into a house,” he said in a statement.
A native of Knoxville, Tenn., and a graduate of the University of Tennessee School of [...]
May 27, 2009
American Security Shredding acquires competitor
American Security Shredding, based in Asheville, has acquired locally based competitor Carolina Shredding.
The company offers service to all of Western North Carolina and parts of Tennessee. It also has a facility in Gainesville, Ga., serving the northern part of that state. American Security provides both on-site and off-site services at both locations.
“This is a great [...]
May 27, 2009
Century-old family business in Morristown folding
After a century of ups and downs, a Main Street Morristown landmark is falling victim to the economy.
The business was founded in 1908 by Lynn Sheeley as Lynn Sheeley Music Company. He passed it down to his son-in-law and it became Carlisle Music in 1977.
“Business was very good,” says former owner Tom Carlisle.
The [...]
May 27, 2009
Tenn. unemployment rate reaches 9.9 pct in April
The state unemployment rate jumped to 9.9% in April, the highest it has been in 25 years, according to a Department of Labor and Workforce Development report.
The report released Thursday shows Tennessee’s unemployment rate, which was 9.6% in March, is higher than the national unemployment rate of 8.9%.
Tennessee’s April rate a year ago was 6.0%.
Commissioner [...]
May 27, 2009
Will thousands of jobs, new rail terminal come to Jefferson Co.?
A new rail terminal and thousands of jobs could be coming to Jefferson County. The proposed site would be off Highway 11E just outside New Market.
Developers want to build what’s called an inter modal and logistics park where cargo would be moved from trains to trucks.
The project would represent a $133 million investment [...]
May 27, 2009
Economists see modest rebound in 3Q
A panel of 45 U.S. economists expects a “modest” economic rebound to begin in the second half of 2009, picking up steam in 2010.
According to the National Association for Business Economics, “The panel … (predicts) positive, albeit modest, growth in the third quarter, followed by steady improvement thereafter. On the whole, however, the economic rebound [...]
