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September 10, 2008
Stocks impacted by Lehmen announcement
U.S. stock futures have come well off their highs following Lehman Brothers Holdings Inc.‘s announcement that it plans to sell a majority stake in its investment management division and would consider selling itself.
Lehmen Brothers meltdown
Shares in the nation’s fourth-largest investment bank have fallen more than 80 percent this year as investors lost confidence amid mounting losses.
September 09, 2008
NC company lands Air Force contract
A North Carolina company will receive a $6 million contract from the U.S. Air Force research laboratory to create a system to restrain the heads and necks of fighter pilots.
Congress warms to more oil drilling
That announcement frees up a vote on a defense bill Republicans had held up because of partisan disputes over the country’s energy policy.
September 02, 2008
Oil Companies Find Little Damage in Gustav’s Wake
HOUSTON (Reuters) - Energy companies found little damage to their U.S. facilities during initial checks Tuesday in the wake of Hurricane Gustav—signaling a possible fast recovery from the biggest storm to threaten the oil sector since hurricanes Katrina and Rita in 2005.
August 29, 2008
Stocks open lower after personal income data
Stocks fell in early trading after the government said personal incomes fell last month by the largest amount in nearly three years while consume ...
August 18, 2008
City of Charleston investment plan ruled unconstitutional
The state Supreme Court says a trust fund set up to help South Carolina cities and towns cover future retiree benefits is unconstitutional because it invested money in stocks of publicly traded companies.
August 15, 2008
Fuel costs could ‘devastate’ airlines
Rising fuel costs could drive major air carriers out of business and hurt economy, says report.
Airports cash in on flight delays
Airports are turning into multibillion-dollar shopping malls and service providers for stranded passengers.
Think flying stinks? It may get worse
Despite recent slide in oil prices, profit-challenged airlines will likely have to keep raising fares, adding fees and cutting service.
August 08, 2008
Tax collections down in South Carolina
A final look at tax collections in July has convinced South Carolina's comptroller general to call for a 1 percent cut in agency spending to avoid budget problems tied to a weak economy.
August 06, 2008
Bike rally ban in Myrtle Beach
Grand Strand leaders are preparing to discuss the future of the May motorcycle rallies that bring hundreds of thousands of bikers to the beach every year.
Chairman of Advance America steps down
The chairman and co-founder of payday lender Advance America Cash Advance Centers has stepped down.
Another electricity price hike
South Carolina Electric & Gas Co. is asking for a midyear rate increase to cover the rising costs of coal and natural gas.
August 05, 2008
Banner planes not flying banners in Myrtle Beach
A South Carolina company has surrendered its federal authorization to tow banners behind its planes as authorities investigate three recent crashes in and around Myrtle Beach.
July 25, 2008
New Apple store in Charleston
Fans of the iPod and Mac computers will have a new place to shop in South Carolina as Apple Inc. opens its first store in the state.
New York invester flooded South Carolina with more than $400K in political donations
A New York real estate investor helped flood South Carolina with more than $400,000 in donations to Statehouse candidates this election season.
July 18, 2008
Berkeley county fat and oil changed to fuel
A new biofuels plant planned for Berkeley County would convert waste grease and fat to fuel.
July 16, 2008
Census bureau hiring for 2010 census
The U.S. Census Bureau begins opening Early Local Census Offices this fall in Kentucky, North Carolina, South Carolina, Tennessee and Virginia.
July 09, 2008
Stopping nuclear power
An environmental group has filed a petition with federal regulators, seeking to block Duke Energy Corp.'s plan to build and operate two nuclear reactors near Gaffney.
