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Alabama happened
Gov. Mike Beebe, popular as he is, will be less the emperor next year as he inhabits a state Capitol in which 44 or 45 of the 100 House members are Republicans and the guy who becomes governor whenever he goes out of state is a Republican pizza mogul. Some things that were going to happen eventually happened immediately. That’s the story in Arkansas. I always said we were Alabama just waiting to happen. So Alabama happened. Read More: Arkansas News
Submitted 1 years 110 days ago

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W.V. Gov. Manchin will make a strong U.S. senator
Let's hear it for Gov. Joe Manchin, soon to be U.S. Sen. Joe Manchin, D-W.Va. He has the seasoning and the convictions to be an excellent representative of this tough, hard-working state. Read More: Charleston Daily Mail
Submitted 1 years 110 days ago

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Windstream to Buy Hosted Solutions in $310 Million Deal (Arkansas)
Windstream Corp. of Little Rock on Thursday announced an all-cash deal to buy Hosted Solutions Acquisition of Raleigh, N.C., a move that will continue to expand the telecommunications firm's broadband business and data centers. Arkansas Business
Submitted 1 years 110 days ago

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Countrywide purchase keeps costing Bank of America
In January 2008, then-chief executive Ken Lewis called the Charlotte bank's $4billion deal to buy the troubled lender a "compelling value." But nearly three years later, the mortgage unit created by the acquisition is a major headache for Lewis' successor, Brian Moynihan, and the bank's shareholders. Read more: Charlotte Observer
Submitted 1 years 110 days ago

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Weather forces shuttle Discovery launch delay
Heavy rains over Kennedy Space Center Thursday forced NASA managers to delay the launch of space shuttle Discovery another day. The new launch time will be Friday at 3:03 p.m. Read More: Orlando Sentinel
Submitted 1 years 110 days ago

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Fla. election results could derail train projects
Two train projects slated for Metro Orlando weren't on Tuesday's ballot, but their fates could be in doubt because of the election results. Republican Gov.-elect Rick Scott is skeptical of the high-speed train planned for Tampa to Orlando and the SunRail commuter system that would cut through Central Florida. Read More: Orlando Sentinel
Submitted 1 years 110 days ago

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North American Financial Holdings Agrees to Invest $181 Million in Capital Bank (Raleigh, N.C.)
RALEIGH, N.C., Nov. 4, 2010 /PRNewswire-FirstCall/ -- Capital Bank Corporation (Nasdaq: CBKN) (the "Company"), the parent company of Capital Bank, today announced that North American Financial Holdings, Inc. ("NAFH") agreed to invest approximately $181 million in the Company through the purchase of the Company's common stock. The transaction will result in NAFH owning approximately 85% of the Company's common stock. PR Newswire
Submitted 1 years 110 days ago

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U.S. sues to shut Massey mine in Ky.; methane scare hits mine in W.Va.
The U.S. Labor Department asked a federal court to shutter a Massey Energy Co. coal operation in Pike County, Ky., citing safety concerns. Read More: Richmond Times Dispatch
Submitted 1 years 110 days ago

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In Tenn., Republicans gain at least 10 seats in House
Tennessee voters made a resolute shift to the right Tuesday, handing the Republican Party decisive control of the state House in addition to the governor's office and the state's Congressional delegation. Read More: The Tennessean
Submitted 1 years 110 days ago

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Henry pledges support to next Oklahoma governor Fallin
Democratic Gov. Brad Henry called his Republican successor Wednesday "an outstanding, capable veteran" to lead the state with distinction, while Gov.-elect Mary Fallin said she is ready to make government smaller and more efficient and to push for legislation to improve the state's business climate. Read more: The Oklahoman
Submitted 1 years 110 days ago

 

 

Features & Opinion

 
OPINION
By Mike Randle
 

In December, the National Labor Relations Board dropped its lawsuit against Boeing and the Chicago-based company’s nearly $1 billion investment in a 787 Dreamliner plant in North Charleston, S.C. The lawsuit was dropped after the aircraft giant agreed to produce its 737 Max jetliner with union labor in Washington state where the company employs tens of thousands or workers.

 

 

 FEATURE  
By Rick Farmer
 
When Jay Schwedler, president and CEO of the Sumter Development Board, found out what the project required, he knew he had the site, the speed and the determination to make Sumter a viable contender.
 
 
 

Everyone is predicting a surge in manufacturing and we are sure most of that is sourced from Boston Consulting Group's widely publicized report titled "Made in America, Again." No industry sector in the South represents that expansion better than the Southern Automotive Corridor. Activity in the Southern Automotive Corridor has been off the charts the past 18 months.

 
 
 OPINION
by Mike Randle
 

I have traveled more in the last six months than I have in any six month period since the good old days. You remember the good old days, when economic development in the South was fun? That was most of the 1990s and a short period from 2004 to 2006. Those were the days. Those were the days when the South dominated this nation's economy (it still does, but let's act for now that it doesn't).

 


 


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