Tuesday, January 6, 2009

Presspass - Business Edition

PressPass - Business

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Bosch to cut 200 workers - 75 employees at auto parts plant took buyout offers

Seventy-five employees signed up for a voluntary buyout at the Robert Bosch Corp. plant in North Charleston over the past few weeks, but that wasn't nearly enough to offset the slowing demand for the automotive parts the factory churns out.

Automakers get bad news by carload

DETROIT â€" Huge rebates and zero-percent loans couldn't overcome economic uncertainty as U.S. auto sales plunged 36 percent in December, capping a dismal year that saw sales free-fall by 2.9 million vehicles from 2007.

Greystar buys rental manager

Charleston-based Greystar Real Estate Partners has acquired a large apartment management firm in deal that makes it one of the biggest companies in its industry.

'08 bankruptcy filings top 1 million

ALEXANDRIA, Va. â€" U.S. consumer bankruptcy filings jumped nearly 33 percent in 2008 amid a recession that's expected to keep filings rising into the new year.

Economy takes toll on local dining - Boathouse among spots to go out of business

Mack Matwali walked up to the door of the Boathouse restaurant on East Bay Street on Monday, newspaper under arm and ready to eat lunch. The Roanoke, Va., businessman in town on port-related business had no way of knowing the popular seafood establishment opened only during the evenings.










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