Wednesday, November 12, 2008

Presspass - Business Edition

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Developers unveil plans for $750 million commercial complex

Saying they are looking beyond the roiling economy and the slowing real estate market, developers unveiled plans Tuesday for a $750 million commercial and office project that they say would take shape over the next 20 years in North Charleston. The ambitious proposed project would be built on about 300 acres of the largely vacant 1,760-acre Ingleside Plantation tract near Interstate 26 and U.S. Highway 78. The property is owned by an affiliate of Germany's Weber Automotive, which has a manufacturing plant in Summerville.

Union vote surprises some workers

Some soon-to-be unemployed workers at Vought Aircraft were surprised to learn Tuesday that a vote was taken last week to approve a collective bargaining agreement with a union that has been trying to organize the North Charleston plant.

KapStone Paper notes 'outstanding' start

KapStone Paper and Packaging Corp., commenting on its first quarter as the owner of the former MeadWestvaco paper mill in North Charleston, said it is "off to a great start" with the newly acquired business.

Retailers overloaded with applicants for even part-time holiday work

NEW YORK â€" The odds of landing a part-time job at department store operator Bealls Outlet Stores Inc. this holiday season are slimmer than getting into Harvard: It's one out of every 45.

Companies seek pension law relief

WASHINGTON â€" With pension funds facing billions of dollars in shortfalls as markets plunge, a range of companies from Ford to Verizon are pushing Congress to suspend portions of a 2-year-old law they say could force them to make job cuts as they shift scarce money into ailing retirement pools.










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