Tuesday, December 23, 2008

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All hands work to keep Maersk

In a rare move, union leaders and State Ports Authority officials came together Monday afternoon with state legislators and Maersk Line executives in an effort to salvage the company's business in the Port of Charleston.

Bank raises $14.5M in deal with Treasury

A second local bank owner has received a fresh infusion of capital by selling stock to the federal government.

Gas prices at lowest level since February 2004

With gasoline prices at the lowest level in almost five years, Jim Lindley of West Ashley can now afford to travel more often to visit his family in Pickens County. "It's nice," the Medical University of South Carolina worker said. "I get to spend more on gifts, too."

Wealthy people cutting back, searching for bargains

NEW YORK â€" The rich are tightening their belts, too. Even if it's still a Gucci. Faced with the sharpest decline in net worth in nearly 50 years, wealthy Americans are re-evaluating their priorities and slashing their spending at a rate unseen in decades â€" a move that could have dire consequences for the economy, luxury stores and high-end brands.

Customers demand discounts

NEW YORK â€" If you're looking for an extra bargain before the holidays, you may only have to ask. With holiday sales shaping up to be the lowest in years, possibly the worst since the industry began annual comparisons in 1969, retailers say they're taking consumers' demands for good deals seriously. Some are extending return policies, while others are matching competitors' prices. Many are volunteering on-the-spot discounts and even letting customers haggle prices well down from what's marked in a desperate bid to make the cash register ring.










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