Tuesday, November 4, 2008

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Deal at heart of lawsuit

Showcasing the business of James Island native Richard Davis, A&E got the "very successful, flamboyant, real estate agent" its attorney says the television network wanted for its "Flip This House" reality show â€" plus a multimillion-dollar lawsuit. Davis, the 45-year-old owner of Trademark Properties, insists he and A&E representatives had a verbal agreement to split any revenue from the show. Attorneys for both sides gave opening arguments Monday in a federal court trial to determine the validity of that claim.

Earnings down at software provider

Blackbaud Inc., one of the region's biggest technology companies, said Monday that its third-quarter earnings declined about 17 percent but were in line with expectations. The Daniel Island provider of financial software and services for nonprofit groups said it earned $7.3 million for the three months ended Sept. 30, about $1.5 million less than during the same period last year.

Automakers say October dismal for sales

DETROIT â€" General Motors' October U.S. sales plunged 45 percent, and Ford's and Chrysler's weren't far behind, as low consumer confidence and tight credit combined to bring the industry's sales to an "unsustainably weak level" that is the worst in 25 years.

Bling losing its zing

NEW YORK â€" This holiday season, women may be more likely to wind up with a partridge in a pear tree than five gold rings. As the luxury jewelry market loses its luster, jewelers are looking toward the crucial holiday season â€" a time for gifts as well as a popular time to get engaged â€" with trepidation.

Deal at heart of lawsuit

Showcasing the business of James Island native Richard Davis, A&E got the "very successful, flamboyant, real estate agent" its attorney says the television network wanted for its "Flip This House" reality show â€" plus a multimillion-dollar lawsuit. Davis, the 45-year-old owner of Trademark Properties, insists he and A&E representatives had a verbal agreement to split any revenue from the show. Attorneys for both sides gave opening arguments Monday in a federal court trial to determine the validity of that claim.










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