Tuesday, January 13, 2009

Presspass - Business Edition

PressPass - Business

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Local mill, plant affected - Giant Cement, KapStone feel the pinch

The global economic slowdown forced two more local companies that make commodity-type goods to take measures to shore up their bottom lines.

Local builder's future at risk?

The sudden collapse of a Georgia mortgage company has raised questions about the financial health of Charleston homebuilder Brentwood Homes.

Old Navy to shutter its Charleston site

Another retailer will shutter a store in Charleston at month's end.

Online buyers beware - Tax break on Internet shopping could end as states seek revenue

NEW YORK â€" Shopping online can be a way to find bargains while steering clear of crowds â€" and sales taxes. But those tax breaks are starting to erode. With the recession pummeling states' budgets, their governments increasingly want to fill the gaps by collecting taxes on Internet sales, which are growing even as the economy shudders.

Citi shares fall despite talks

NEW YORK â€" Citigroup Inc.'s stock sank Monday to its lowest levels since November as investors wondered how much more cash the troubled bank will need.










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