Friday, December 12, 2008

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Aquarium staff facing pay cuts

Billed as Charleston's most visited attraction, the S.C. Aquarium saw a plunge in attendance and donations this year and will require its employees take unpaid furloughs to compensate. All 82 full-time and part-time employees must take off 10 days between now and Feb. 20. The unpaid days will save the aquarium an estimated $110,000, which will take pressure off the attraction's operating budget during the slow winter season, officials said Thursday.

Boeing again delays 787 testing, delivery

Boeing Co. has further delayed the initial test flight and delivery of its highly anticipated 787 jetliner, citing the impact of a recent strike and production problems, a move that could have repercussions in North Charleston. The Chicago-based aerospace company said Thursday it was pushing back the inaugural flight of the next-generation passenger jet to the second quarter of 2009 and the first delivery to between January and March of 2010.

KB Toys files for protection

NEW YORK â€" In another sign of the grim holiday season, KB Toys filed for bankruptcy protection for the second time in four years on Thursday and plans to begin going-out-of business sales at its stores immediately. The 86-year-old company said in a filing that its debt is "directly attributable to a sudden and sharp decline in consumer sales" because of the poor economy. KB Toys has six stores in South Carolina, including one at Tanger Outlet Center in North Charleston.

Unease about auto bailout hits stocks

NEW YORK â€" Wall Street's anxiety about Detroit automakers welled up Thursday, sending stocks sharply lower in an afternoon sell-off as investors grew fearful that a bill to rescue the companies wouldn't make it through the Senate. The pullback follows mostly moderate moves in stocks since mid-November.

No bail for lawyer implicated in scam

NEW YORK â€" Prominent attorney Marc Dreier was ordered jailed without bail Thursday after a prosecutor estimated losses of $380 million in an alleged hedge fund fraud.

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