Items from across the Triad and beyond
FIRE KILLS IN WINSTON-SALEM
A fire took the life of a 55 year old male and displaced a dozen more on Sunday, Feb. 24.
The fire occurred at Sherwood Station apartments on Castleford Court in Winston Salem. The victim died in the fire, which started at approximately 2 p.m. The victim was found in his wheelchair after the fire was extinguished.
Eight apartments were affected in the fire and property damage is estimated at approximately $250,000. Krankie’s Airstream, a coffee shop, at 1208 Reynolda Road will collect donations for the displaced victims of the fire.
NO MORE ANIMAL TESTING AT LORILLARD
On Feb. 24, cigarette maker Lorillard announced that it has banned the testing of their products on animals. The nation’s third largest cigarette manufacturer, the Greensboro based corporation stated that it will not conduct or commission animal research unless it’s necessary to meet federal regulatory requirements.
Lorillard (who makes the popular Newport brand of cigarettes) also stated that they have not tested on animals in approximately five years.
RFMD MERGES WITH TRI-QUINT
On Feb. 24, RF Micro Devices announced a merger with rival Tri-quint.
Both companies are major manufacturers of mobile device micro-circuits.
RF Micro is effectively buying stock valued at more than 1.5 billion dollars to purchase Tri-quint. The company will be re-branded under a new name that hasn’t yet been announced.
Under terms of the deal, RF Micro’s CEO and President Bob Bruggeworth would hold the same titles in the new company while serving on the board of directors.
Greensboro based RFMD has suffered through several drops in the prices of their stock over the years. The news of the merger is expected to raise the value of RFMD’s current stock holders. !