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Local Business

07/23/2008

Lenoir furniture factory to add 100 workers
Thomasville Furniture says it will add more than 100 workers to a North Carolina plant and increase production by a third because of increased costs of doing business overseas.

* 07/22/2008

Wachovia to cut more than 10,000 jobs
Wachovia Corp. announced a whopping second quarter loss of $8.9 billion this morning, with plans to shake up its mortgage unit, slash its dividend payout to shareholders, and cut thousands of jobs.

07/21/2008

BofA 2Q profit shrinks, beats Wall Street
Bank of America Corp. said Monday its profit fell 41 percent in the second quarter, hurt by a big increase in bad debts tied to falling home prices and a slowing economy.

07/16/2008

Head of SC investment firm pleads guilty to frauds
The head of a small South Carolina investment firm pleaded guilty on Wednesday to bilking dozens of people of about $6 million in two alleged fraud schemes, federal prosecutors said.

07/13/2008

Longtime Clemson soccer coach dies at 67 3:18 PM
Clemson University says its longtime soccer coach Dr. I.M. Ibrahim died suddenly while playing golf

07/08/2008

Union County to get SC's first ethanol plant
South Carolina's first ethanol plant will be located in Union County.

07/01/2008

BofA completes deal for Countrywide Financial
Bank of America Corp. has completed its purchase of Countrywide Financial Corp., and the Charlotte-based bank is now the nation's leading mortgage originator and servicer.

06/30/2008

Sign maker closing Columbia plant, cutting 60 jobs
A Tennessee sign manufacturer is closing its Columbia plant, eliminating 60 jobs.

Wachovia gets rid of controversial mortgage loan
Beleaguered consumer bank Wachovia Corp. is getting rid of a mortgage payment option that allows borrowers to pay less each month than the bank charges in interest.

06/26/2008

Monster to bring 350 new jobs to S.C.
State officials say employment-services company Monster will open a new customer service facility in Florence, creating 350 new jobs.

06/24/2008

Wachovia hires Goldman Sachs for loan advice
Wachovia Corp. has hired Wall Street investment firm Goldman Sachs Group for advice on the bank's loan portfolio.