Club Car has completed a round of layoffs that involves some Augusta employees, company spokesman Brian Formato said Monday. The company would not say how many employees have been let go or the locations affected throughout North America; however, Formato said the reduction affected “a small group of Club Car employees both in Augusta and in the field.” Augusta Chronicle
Submitted 1 years 121 days ago

MONTGOMERY, Alabama -- A federal judge on Wednesday will resentence former HealthSouth CEO Richard Scrushy after the 11th Circuit Court of Appeals tossed out two of his convictions in a government corruption case. Scrushy has served 54 months of his original 82-month sentence. His lawyers are expected to argue that, with some of the charges now tossed out, his sentence should be reduced enough that he would be eligible to be released either outright or to a halfway house. Kim Chandler, The Birmingham News
Submitted 1 years 121 days ago

SB&D had a busy fall quarter, visiting seven states in the South and one state outside the South. Those states were: Alabama, Florida, Georgia, Louisiana, Mississippi, New York, North Carolina and Virginia. We would like to thank all of the three dozen or so organizations that we paid a visit to from September to December. Southern Business & Development
Submitted 1 years 121 days ago

If your company is undergoing a site search in the American South, this digital magazine of the South's best economic development law firms is a valuable asset. Southern Business & Development magazine recently conducted a survey of the region's economic development community and the results of the survey can be found in this digital magazine. Find out which law firms are considered the best in the practice of economic development. Click on the headline above. SB&D
Submitted 1 years 121 days ago

As the number of renters trends up, a few cities have started enacting “rental density” limits that restrict the number of rental properties in a given area. For example, in West St. Paul, Minnesota, an area that’s been severely battered by foreclosures and falling home values, a law permitting no more than 10 percent of homes on a block to be rentals just went into effect on January 1. The Fiscal Times
Submitted 1 years 121 days ago

Robert Doochin says his next step is fairly simple: After nearly half a century at the helm of American Paper & Twine Co., pass the business on to his three children. But with an estimated value of $10 million to $20 million, there’s one problem: the tax bill. Doochin’s estate attorney has advised him to move out of state, he says. He’s considering it. “It’s a big hit,” he said. “You take this business. We’ve never cashed in. So where does that money come from?” The Tennessean
Submitted 1 years 121 days ago

Ten new Chattanooga-made Volkswagen Passats were damaged Saturday when the Norfolk Southern rail car in which they were being carried derailed and fell on its side. The accident occurred about 1 p.m. Saturday at the railroad company's DeButts Yard in Chattanooga, said Susan Terpay, a Norfolk Southern spokeswoman Railroad workers were building a train and another slow-moving outbound train hit the rail car carrying the new autos, she said. Chattanooga Times Free Press
Submitted 1 years 121 days ago

JCPenney’s new CEO has come out swinging in 2012 — the ax, that is. Former Apple exec Ron Johnson — who on Wednesday is slated to unveil a top-secret strategy for a dramatic overhaul of the aging department store — has begun the new year by slashing thousands of jobs nationwide, The Post has learned. The Washington Post
Submitted 1 years 121 days ago

Texas Instruments Inc. said Monday that it will close two older chip manufacturing plants, one in Houston and one in Japan, although the Dallas company said it believes that "we're at the bottom of this downturn." In an earnings release, TI (NASDAQ: TXN) said the Japan and Houston plants will be shuttered over the next 18 months, with production shifted to unspecified "other, more advanced TI facilities." Dallas Business Journal
Submitted 1 years 121 days ago

Last weekend, several hundred hearty homeowners in northern New Jersey braved blustery winter conditions to learn about retirement, second-home, and investment opportunities in the South, where main selling features include the promise of warmer weather and lower property taxes. The two-day Ideal Living Resort & Retirement Expo, held at the Hanover Marriott in Whippany, N.J., is one of 11 such events scheduled during the year in several cities in the Northeast, Midwest, and Mid-Atlantic. The Whippany Expo included 30 exhibitors, most of which were developers of master-planned or resort communities in Florida, North and South Carolina, Delaware, and Tennessee. Builder
Submitted 1 years 121 days ago