Wednesday, November 19, 2008

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Manufacturer to shutter local plant

A longtime North Charleston plant that makes display cabinets and fixtures for retail stores will go dark by early next year in a move that will eliminate about 110 local jobs. Leggett & Platt Inc. notified employees Friday that it will start shutting down the former Goer Manufacturing site in mid-January. The plant at 4500 Goer Drive off Montague Avenue is expected to be shut down for good by the end of February, Leggett & Platt said in a statement Tuesday.

SPA posts a good October

Bucking a trend of falling container volume, the S.C. State Ports Authority Tuesday reported a nearly 6 percent increase for October compared with the same month last year.

Fall would benefit South

WASHINGTON â€" If it's no surprise that Michigan lawmakers are behind the pitch for a $25 billion lifeline for Detroit automakers, then it might be just as predictable that Southerners would be leading the charge against it.

Top lawmakers back plan to help borrowers

WASHINGTON â€" Top lawmakers threw their support Tuesday behind a proposal to use $24 billion in government funds to help struggling borrowers, as reports showed U.S. home prices sinking in four out of five cities and home builders reported their worst-ever business outlook.

Paulson defends bailout strategy

WASHINGTON â€" Faced with exasperated lawmakers upset by shifts in bailout strategy, Treasury Secretary Henry Paulson launched a spirited defense Tuesday of his handling of the $700 billion program and expressed fresh reservations about tapping the pool for mortgage guarantees to relieve skyrocketing home foreclosures.










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