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Archive By Section - Business


Feds close two banks, one in Georgia

NEW YORK - Regulators on Friday closed Haven Trust Bank, the fifth bank failure this year in Georgia.

Also closed was Sanderson State Bank in Texas, bringing to 25 the number of U.S. bank failures in 2008.

December 28, 2008 | By Sara Lepro Associated Press writer | Business


'Tis season for giving

Given the current state of the economy, this holiday season may be tougher on local families than in the past. However, some people are still able to dig into their pockets and find something to give to others.

December 27, 2008 | By Lauren Hunsberger Staff writer | Business


Italian eatery opens in Hinesville

Locals can now get authentic Italian food after Liberty County's only privately-owned Italian restaurant, Italiano's, opened last Monday.

December 27, 2008 | By Alena Parker Staff writer | Business


Local financial advisor offers positive spin on economy

He may be in the minority with his line of thinking, but local financial adviser Derek Sills isn't worried about the current recession.

December 26, 2008 | By Lauren Hunsberger Coastal Courier | Business


Riverkeeper threatens suit on Rayonier

BRUNSWICK - Environmentalists have filed a 60-day notice that they intend to sue Rayonier Inc., saying the company pollutes the Altamaha River with foul-smelling wastewater from its Jesup pulp mill.

Attorneys for the Altamaha Riverkeeper said Tuesday that Rayonier has done little over the past 10 years to reduce the stinking, coffee-colored water it discharges. The Riverkeeper group says the company agreed in 2002 to clean them up.

December 26, 2008 | Associated Press | Business


Auto bailout plan moves to Senate

WASHINGTON - A House-passed bill to speed $14 billion in loans to Detroit's automakers stands on shaky ground in a bailout-weary Congress, undermined by Republican opposition that could derail the emergency aid in the Senate.

Republicans are challenging lame-duck President George W. Bush on the proposal, arguing that any support for the domestic auto industry should carry significant concessions from autoworkers and creditors and reject tougher environmental rules imposed by House Democrats.

December 26, 2008 | By Julie Hirschfeld Davis and Ken Thomas Associated Press writers | Business


Auto bailout talks intensify

WASHINGTON -- Tense talks are continuing on a bill to provide financial aid to the auto industry as the White House pushes tougher consequences than congressional Democrats embrace for failure by the carmakers to bring costs under control.

The Bush administration would allow a "car czar" envisioned in the legislation to force the companies into bankruptcy if they weren't doing enough to cut labor costs, restructure their debt and downsize to stay afloat.

December 24, 2008 | By Julie Hirschfeld Davis and Ken Thomas Associated Press writers | Business


Hinesville sweets shop open for business

It's original cookies by the dozen and homemade cakes by the layer since Lynn Simmons rolled out Tu's Sweets and Treats bakery shop on Frank Cochran Drive.

December 22, 2008 | By Alena Parker | Business


Shopping season starts strong here

Havoc.

December 16, 2008 | By Alena Parker Staff writer | Business


Research any debt adjustment offers

The tough national economic conditions are putting a strain on numerous Georgia households. Many consumers are weighed down by enormous amounts of debt and are struggling just to keep their heads above water. As a result, companies that promise to help you pay off your debt seem to be sprouting up left and right. These "debt adjustment" companies often make grandiose claims about how they will significantly cut consumers' credit card debt and resolve money problems. Yet many of these companies are not reputable, and consumers who trust them with money could end up in even worse financial straits. There ...

December 13, 2008 | Special to the Courier | Business


Hinesville jobless rate climbs to 7.2%

ATLANTA - The Georgia Department of Labor reported today that the unemployment rate in metro Hinesville rose to a preliminary unadjusted rate of 7.2 percent in October, up 2.2 percentage points over the year from October of 2007. The jobless rate in metro Hinesville rose six-tenths of one percentage point from a revised 6.6 percent in September.

December 13, 2008 | By Frenchi Jones Staff writer | Business


Holtzman adds life insurance agent

George and Babs Holtzman, owners of Holtzman Insurance Agency, Inc., are proud to have William "Bill" Johnston join their team. Johnston comes to Holtzman Insurance Agency as a Georgia licensed life agent.

December 13, 2008 | Special to the Courier | Business


Shoppers ready for Black Friday

Tom and Joe Ainsworth will take advantage of the early morning doorbuster sales on the day after Thanksgiving, deemed the biggest shopping day of the year.

December 11, 2008 | Staff Report | Business


Consumer confidence up a little in November

NEW YORK -- Consumer confidence rose in November amid receding gas prices, but Americans' views on the economy remain the gloomiest in decades as they grapple with massive layoffs, slumping home prices and dwindling retirement funds.

The New York-based Conference Board said Tuesday its Consumer Confidence Index now stands at 44.9, up from a revised 38.8 in October. Last month's reading was the lowest since the research group started tracking the index in 1967.

December 10, 2008 | By Anne D'Innocenzio Associated Press | Business


Hampton Island late with property taxes

Ron Leventhal, head of Hampton Island Management, Inc., said he is 80 percent confident the development's $400,000 delinquent tax bill will be paid by mid-December.

December 04, 2008 | By Joe Parker Jr. Staff writer | Business


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Articles by Section - Business


Twitter uses venture capital to compete with Google's Android

Twitter is expanding beyond its 140 character tweets and is making a move into venture capital, investing in a company that wants to compete with Google's Android mobile operating system.

March 27, 2015 | Matthew Jelalian Deseret News | Business


How the Federal Reserve reconciles low unemployment and stagnant wages

When the Federal Reserve was established in 1913, over 30,000 different currencies were in some type of use throughout the United States. The lack of a uniform currency contributed to systemic weaknesses in the monetary system, including bank runs, unstable interest rates and prices, and an overall lack of confidence in banking institutions. Thanks to its capacity to mitigate each of the aforementioned issues, along with many others, the Federal Reserve has played a key role in stabilizing the United States economy.

March 26, 2015 | Randy Shumway Deseret News | Business


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