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December 05, 2008
Half a million jobs lost in November, worst in 34 years
Some analysts are now saying the U.S. economy is in a freefall. New figures from the Labor Department on Friday show job losses last month were much worse than forecast.
Home foreclosures break records… again
An industry group says a record one in 10 American homeowners with a mortgage were either at least a month behind on their payments or in foreclosure at the end of September.
November 26, 2008
New home sales drop
The government says new home sales in October fell 5.3 percent to the lowest level in 18 years.
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
The Fed grows more pessimistic about the economy
The Federal Reserve has sharply lowered its projection for economic activity this year and next, and signaled additional interest rate reductions may be needed.
November 18, 2008
Paulson grilled on Capitol Hill
It was the first time Treasury Secretary Henry Paulson faced lawmakers in public since he announced he would not be using the bailout money to buy bad debt as he’d promised.
November 13, 2008
New York Attorney General subpoenas executive pay data
Andrew Cuomo has been looking into the bonuses paid to Bank of America executives in advance of the industry’s meltdown.
November 12, 2008
Blackberry launches new competitor in smart-phone battle
The newest Blackberry has arrived. The $299 Bold gives you a better screen than previous Blackberries, a smoother internet experience, and a very easy-to-use keyboard.
Government mortgage aid plan draws complaints
The hearing comes as the government’s own plan is coming under fire.
Treasury to update bailout progress
Treasury Secretary Henry Paulson may answer some of his critics when he gives an update this morning on the $700 billion financial bailout program.
November 07, 2008
Workers fearing more bad news from GM
Workers at General Motors and Ford Motor Company factories across the country are on pins and needles as they await the latest batch of bad news for their struggling industry.
Stressed consumers feeding economic downturn
A vicious cycle of vanishing jobs and stresses on American consumers are spelling deeper trouble for the already sinking U.S. economy.
November 05, 2008
SCE&G confident it can fund new reactors
SCE&G and the state-owned utility, Santee Cooper, want to build two nuclear reactors in Fairfield County north of Columbia, where they operate one reactor now.
October 12, 2008
Investors seeking a bottom, brace for more uncertainty
Stock futures show a sharp rebound is possible on Monday.
October 09, 2008
rlee Collection PINK 4 A PURPOSE
Charleston, SC: rlee Collection studio & boutique is excited to announce the ongoing promotion “PINK 4 A PURPOSE” to benefit the National Breast Cancer Foundation.
October 07, 2008
Avoiding costly grocery store mistakes
In today’s touch economic times, the prospect of cutting your grocery bill in half seems very attractive.
October 01, 2008
Market Vendors Fearful Of Economy
News 2’s Brendan Clark Has the Story
September 25, 2008
How to build an emergency fund in tough times
A sudden financial jolt — such as the wave of layoffs that recently rattled the lives of some Wall Street workers — could leave you scrambling to pay rent and eking by on credit cards.
September 18, 2008
SC company closing 2 plants, cutting 700 jobs
The Fort Mill, S.C.-based company makes polyester fibers and products including packaging resins.
Car seat supplier expanding in Spartanburg
The Michigan-based company that makes seats and electric parts announced Wednesday that it plans to spend $10.8 million on the expansion.
September 15, 2008
Bank of America buys Merrill Lynch
A person briefed on the deal says Charlotte-based Bank of America is buying Merrill Lynch for about 50 billion dollars
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.
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 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.
