Friday, October 31, 2008

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The tough still going

At Force Protection Inc., a ceremony Thursday meant to celebrate the company's success instead marked a turning point for the armored-vehicle maker.

The tough still going

At Force Protection Inc., a ceremony Thursday meant to celebrate the company's success instead marked a turning point for the armored-vehicle maker.

Agency studies impact of ports

Addressing more than 400 people at the Propeller Club's 75th anniversary black-tie gala Thursday night, S.C. State Ports Authority top executive announced that the agency had completed a major study of the maritime industry's impact on the economy. The SPA commissioned engineering and consulting firm Wilbur Smith Associates for the project, the SPA's first in six years.

Incomes, spending down

Scared and often broke, Americans stopped buying everything from cars to corn flakes in the July-September quarter, cutting back spending by the largest amount in 28 years and jolting the national economy into what could be the most painful downturn in decades.

Tidelands Bank loses $2.4M in 3rd quarter

The owner of Tidelands Bank reported a $2.4 million third-quarter loss as its investments in two government-seized mortgage financiers plummeted in value and were written down to zero. Tidelands Bancshares Inc. took a $4.6 million charge-off for shares it owns in Federal National Mortgage Association and Federal Home Loan Mortgage Corp., better known as Fannie Mae and Freddie Mac.










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