Archive By Section - Business
Sea Island Co. files for bankruptcy
SAVANNAH - Sea Island Company has filed for federal bankruptcy protection with a plan to sell its luxury resorts that have been secluded getaways on the Georgia coast for wealthy travelers and American presidents since 1928. The family-owned company filed a Chapter 11 plan in federal court Tuesday, saying it's unable to repay more than $600 million owed to to lenders including Synovus Bank, Bank of America and Bank of Scotland after the economic meltdown ...
No rest for weary as temperature soars
Blistering summer days have air conditioning service professionals working up quite a sweat, answering more calls than usual in an attempt to keep area residents cool. As daytime temperatures continue to hover in the mid-90s with heat indexes up to 100 degrees, even afternoon rains give little relief when cool air is nowhere to be found.
Ports handle record number of containers
SAVANNAH - Georgia Ports Authority Executive Director Curtis J. Foltz announced Monday that the GPA handled more than 2.63 million twenty-foot equivalent unit containers, added new services and maintained its position as the fourth-highest-volume container port in fiscal year 2010.
Savannah Tech hosts marketing seminar
SAVANNAH - Savannah Technical College's marketing and hospitality programs will host a free seminar on working in the international market from 10 a.m.-noon Tuesday, Aug. 24. The seminar will be in the Eckburg Auditorium at the Savannah Campus, 5717 White Bluff Road.
DQ opens Richmond Hill location
City officials, business representatives and Dairy Queen employees marked the opening of the new Dairy Queen on Highway 44 with a ribbon cutting Tuesday morning. Those who attended were treated to a free lunch.
Restaurant opens in Pembroke
James Cowart and his family recently opened Cowart's Restaurant in Pembroke.
Gas pipeline headed to business park
Work is expected to begin this fall on a new natural gas pipeline that will serve the Belfast Business Center, a 900-acre industrial park off Belfast Siding Road.
Auto part store opens in Pembroke
There's now an auto parts store in Pembroke. Autopro Parts and Accessories, opened on Thursday.
Extended unemployment benefits OKed
ATLANTA - State Labor Commissioner Michael Thurmond announced Thursday that federal extended unemployment insurance benefits are now being paid to 90,994 jobless Georgians. The benefits were enacted by Congress and signed by President Barack Obama last July 22. The law extends the qualifying time for eligible recipients from June 2
Jobless rate up in area in June
ATLANTA - The Georgia Department of Labor reported recently that the preliminary unadjusted unemployment rate in metro Hinesville rose to 8.9 percent in June, up eight-tenths of a percentage point from a revised 8.1 percent in May. Meanwhile, the number of unemployed workers in the metro area increased to 2,900, up 240 from 2,660.
Georgia job loss second in nation
The Georgia Department of Labor reported July 20 that the preliminary unadjusted unemployment rate in metro Savannah rose to 8.8 percent in June, up five-tenths of a percentage point from a revised 8.3 percent in May. Meanwhile, the number of unemployed workers in the metro area increased to 15,397, up 837 from 14,560.
State gets $30M for home loans from stimulus
Georgia has received $30 million in Recovery Act funds for direct home loans through USDA Rural Development for qualifying families considered to have low and very low incomes to purchase or build a home in a rural area.
Real estate firm switches affiliation
John H. Sumner, broker/owner of Pursuit Real Estate Group announced a new national affiliation with Weichert, Realtors and will now be WEICHERT, REALTORS – Pursuit Real Estate Group, an independently owned and operated franchise of Weichert Real Estate Affiliates.
June jobless number not encouraging
ATLANTA - The Georgia Department of Labor reported Thursday that the state's seasonally adjusted unemployment rate declined to 10.0 percent in June, down one-tenth of a percentage point from a revised 10.1 percent in May. This is the 33rd consecutive month Georgia has exceeded the national unemployment rate, which is now 9.5 percent.
Insurance agent supports fight against cancer
The American Cancer Society in Richmond Hill received a $1,000 donation July 7 from volunteer Lynn Bennett.
Articles by Section - Business
Investments don't get vacations
At long last, summer is almost here - which may mean it's time to put together your traveling plans. Still, while you and your family may enjoy going a summertime trip, there's one part of your life that should not go on vacation - and that's your investment portfolio.
Don't let your financial guard down
Some new reports say segments of the economy are springing back. Others aren't so positive.
Your financial life after graduation
To the millions of college and high school seniors who recently graduated: congratulations on a job well done. After the celebration dies down, you'll no doubt be eager to embark on life's next chapter, whether it's finding a job, preparing for college or enrolling in military or community service.
Employment law topic at seminar
ATLANTA - The Georgia Department of Labor is teaming with the State Employer Committee to offer a course on compliance challenges during an employment-law and legislative-issues update Wednesday in Morrow.
Property transfers for June 3-6
The following property transfers were recorded with the Bryan County Clerk of Court, June 3-6.
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