November 24, 2008

President-elect Obama introduces his economic policy team

President-elect Barack Obama says there isn’t a “minute to waste” in solving the nation’s economic crisis, which he says is likely to get worse before it gets better.  Hear his statement.

New jobs available in South Carolina, including Charleston

The U.S. Census Bureau says it will hire 2,000 people in South Carolina, after opening offices in Charleston and Columbia.  Read their entire statement.


November 21, 2008

Charleston area, statewide unemployment rates rise

New numbers out Friday show the unemployment rate in Lowcountry counties and the state of South Carolina as a whole on the rise in October.

2 Cents - Buy local

Financial meltdowns, bailouts, credit crisis, recession, depression..These are the headlines we hear everyday now. We get it, our economy is in trouble. So, what can we do to help turn it around?

Wall Street hoping for rebound after huge selloff

Wall Street looks for gains Friday after the Dow fell 445 points to close below 8,000.  The Dow plunged 10.6% in two days. 


November 20, 2008

Sluggish auto economy has trickle-down effect

Communities and auto support industries beyond Detroit, bracing for the worst if the big three automakers can’t survive.


November 19, 2008

North Charleston plant to close eliminating 110 jobs

The company said all operations should stop by the end of February.


November 17, 2008

Health care company adding jobs in SC

Health care management company CareCore National LLC says it will invest $4.4 million to expand its Beaufort County operations, generating as many as 125 new jobs and moving its corporate headquarters to Bluffton.

Citigroup to cut thousands of jobs

A person briefed on Citigroup’s plans says the banking giant is cutting another 53,000 jobs in the coming quarters.


November 14, 2008

Layoffs for Upstate auto parts maker

Schaeffler Group officials say the automotive parts maker is shipping nearly 120 jobs from its INA ball bearings plant in Spartanburg to Mexico over the next six months.


November 13, 2008

120 South Carolina jobs go to Mexico

Schaeffler Group officials say the automotive parts maker is shipping nearly 120 jobs from its INA ball bearings plant in Spartanburg to Mexico over the next six months.

$422M titanium factory coming to South Carolina

The state Commerce Department announced Wednesday that American Titanium Works plans to employ 320 people at its new mill in Laurens County.


November 11, 2008

Major cuts for state’s technical colleges

The State newspaper reported Tuesday that 16 workers will lose their jobs next month. Six vacant positions also are being eliminated.


November 10, 2008

Website matches businesses with potential employees

The number of out of work Americans drawing unemployment benefits now sits at a 25 year high, which is keeping one company very busy. If you’re looking for a job, Ved Sinha is your new best friend.  Ved’s company, Elance, uses the web to match businesses and employees.


November 03, 2008

Boeing strike over, workers return

Boeing production workers are returning to their jobs at jetliner plants in Washington state, Oregon and Kansas.

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