Wednesday, January 14, 2009

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Chamber reducing staff hours - Charleston organization's cuts to affect about 30 workers

Facing declining revenue from memberships, the region's largest business-advocacy group is tightening its belt by reducing employees' hours and pay. About 30 workers at the Charleston Metro Chamber of Commerce will start four-day workweeks beginning Jan. 20, according to Charles Van Rysselberge, president and chief executive. Those employees will work an extra half-hour each day they're on the clock, thereby losing 5 1/2 hours instead of a full day from a 37 1/2-hour workweek.

Swinging gas prices could affect sales of recently unveiled concept cars

DETROIT â€" Deep inside the research centers of General Motors Corp., Ford Motor Co. and Chrysler LLC, the companies are spending billions to develop plug-in electric cars at a time when gasoline has dropped below $2 per gallon.

Home prices, sales drop in Dec.

December brought to a close a tumultuous year for the local real estate industry, ending with the largest monthly home price drop in recent memory for the Charleston area.

Supermarket's end - Smith-Barney deal shatters Citigroup's model

NEW YORK â€" The original financial supermarket is dead. Citigroup signaled the end of a decade-long experiment to create one-stop shopping for financial services â€" everything from consumer loans to investment banking â€" with Tuesday's announcement that it was merging its Smith Barney brokerage into a joint venture with Morgan Stanley.

Berardinis promoted to CFO

Roger Berardinis was promoted to chief financial officer of Evening Post Publishing Co., it was announced Tuesday.

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