Wednesday, December 3, 2008

Presspass - Business Edition

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Bees Ferry project planned

Despite the downturn in the housing market, the Bees Ferry Road area on Charleston's northwestern edge continues to be a hot spot for new development.

Gas prices reach 3-year low; crude falls 70%

COLUMBUS, Ohio â€" Retail gasoline fell to a three-year low Tuesday, and in an unprecedented decline, crude oil costs $100 less per barrel than it did four months ago, with a U.S. recession eating away at energy demand.

Hotels, air carriers feeling pinch of fewer people hitting the road

The tourists chatting in multiple languages in the piazzas, bars and shops of Rome belie a more somber mood at the ancient city's hotels.

Business Briefs

Boost sought for bank

First Financial Holdings Inc., the largest Charleston-based bank owner, is seeking a piece of the federal bailout program. The company, which owns First Federal Savings and Loan Association of Charleston, said Monday that it has been approved to participate in the U.S. Treasury Department's bank capitalization plan.

The Post and Courier

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