Saturday, November 8, 2008

Presspass - Business Edition

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Witness denies any 50/50 deal

For days the jury in a breach of contract trial between local real estate magnate Richard Davis and television network A&E has heard over and over about a man named Charles Norlander. Davis alleges that he and Norlander hatched the 50/50 profit split for the show "Flip This House" in a verbal agreement at the heart of Davis' lawsuit.

Zodiac runs full throttle

While most boat makers have seen sales fall off in the face of high fuel prices, a French watercraft manufacturer with a local plant has found a silver, er, rubber lining. Demand has soared for the lightweight, rubber-bottomed boats made in Summerville by Zodiac of North America Inc., and as a result, the company plans to expand the operation.

Permit for more coal through terminal OK'd

After a three-year review and hours spent addressing the concerns of worried local residents, state health officials gave the final nod to Kinder Morgan Energy Partners' request to dramatically increase the amount of coal that passes through Charleston.

84 Lumber closes store after 32 years

The contracting construction market has squeezed a longtime local building supplier out of business. 84 Lumber in Goose Creek, a fixture at the heavily traveled intersection of U.S. Highways 176 and 52 since 1976, was one of 20 stores across the nation the Pennsylvania-based contract supplier closed late last month because of the downturn in the housing market.

Jobless total tops 10 million

The nation's jobless ranks zoomed past 10 million last month, the most in a quarter-century, as piles of pink slips shut factory gates and office doors to 240,000 more Americans with the holidays nearing. Politicians and economists agreed on a painful bottom line: It's only going to get worse.










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