Business in Savannah in brief
Savannah area gas prices average $2.01Average retail gasoline prices in Savannah have risen 1.6 cents a gallon in the past week, to $2.01 a gallon on Sunday, according to GasBuddy’s daily survey of 262...
View ArticleHome Depot pitches in to help American Legion Post 135
As many of you know, a fire last spring caused significant damage in the rear of the first floor of the American Legion Post 135 and caused smoke damage throughout the building. The grand ballroom on...
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Low inflation likely to keep Fed 'patient' about a rate hike
WASHINGTON — The Federal Reserve ended 2014 with a pledge to be “patient” in raising interest rates from record lows. The way things are going, its patience may endure for a long while.Though the U.S....
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Historic Savannah Foundation kicks off 60th anniversary year
The Historic Savannah Foundation is kicking off its 60th anniversary with several initiatives and projects as it continues working to save Savannah’s historical buildings from the ever-present wrecking...
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Record iPhone sales drive blowout quarter for Apple
SAN FRANCISCO — Apple had another blowout quarter thanks to its new plus-sized iPhones, which helped the company smash sales records for the holiday season.Apple said Tuesday that it sold 74.5 million...
View ArticleOne paper towel can change the world
My life changed forever the day I watched my first TED talk on YouTube. The video was about paper towels. Specifically, how Americans can collectively use 571,230,000 fewer pounds of paper each year by...
View ArticleU.S. company outlooks worry investors, sending stocks lower
U.S. stocks slumped Tuesday after some of the market’s largest companies reported disappointing earnings, taking investors on a turbulent ride that deepened the losses for the year.The companies that...
View ArticleNew retailers, yoga studio coming to Broughton Street
Ben Carter Enterprises has announced a few new leases on Broughton Street as the developer continues restoration and renovation work on several of his buildings along the corridor.Among the newly inked...
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Demand for airplanes lifts Boeing's 4Q profit
DALLAS- Boeing Co.’s fourth-quarter profit rose 19 percent as demand for commercial airliners trumped weakness in its defense business.Investors looked past a muted outlook for 2015 earnings and sent...
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General Dynamics profit rises on jet sales
General Dynamics Corp. — corporate parent of Gulfstream Aerospace — reported a rise in fourth-quarter profits of nearly 42 percent over the same quarter in 2013, with orders for Gulfstream business...
View ArticleNew statute allows savings plans for special needs individuals
Parents of children with special needs have a new option to provide for their children’s futures thanks to a new statute recently signed into law by President Obama.The Achieving a Better Life...
View ArticleUnited Community buys Tennessee bank
BLAIRSVILLE — United Community Banks has reached an agreement with MoneyTree Corp. to buy Lenoir City, Tenn.-based MoneyTree and its subsidiary, First National Bank, in a deal valued at about $52...
View ArticleUnemployment rate up slightly in metro Savannah
ATLANTA – Metro Savannah’s unemployment rate for December was 6.2 percent, up one-tenth of a percentage point from 6.1 percent in November, the Georgia Department of Labor announced Thursday. The rate...
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YMCA of Coastal Empire announces new executive director
The YMCA of Coastal Georgia has announced that Joel Smoker will become the next president and chief executive officer of the organization.The YMCA’s board of directors, acting on the recommendation of...
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It's official: Savannah harbor deepening underway
With a symbolic, echoing boom from the 1824 cannon atop Old Fort Jackson on Thursday morning, the U.S. Army Corps of Engineers officially kicked off the long-awaited construction phase of the Savannah...
View ArticleAmeris Bank reports record earnings for 2014
Ameris Bancorp on Thursday reported operating net income of $41.0 million, or $1.56 per share, for the year that ended Dec. 31, compared to $21.4 million, or $0.89 per share, in 2013.“We are proud of...
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On the Fast Track
Earlier this week, to no one’s surprise, Georgia Ports announced it had posted another record year, moving 3.3 million containers in 2014. Good for our ports — and good for anyone looking for a job in...
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Wheels for workers: Savannah Bicycle Campaign launches new mobility program
When Mohammad Wasiq moved from Kabul, Afghanistan, to Savannah with his wife and daughter four months ago, it took him nearly half an hour to walk to his job at a hotel every day.Now, thanks to a new...
View ArticleBusiness in Savannah in brief
Savannah Tech to Give Kids a Smile Savannah Technical College will host Give Kids a Smile, a free event for children ages 3 to 18, from 9 a.m. to 3 p.m. Friday, Feb. 6, in the Eckburg Auditorium, 5717...
View ArticleOur Economic Times Dodd-Frank on its way out?
Either we have forgotten which sector of the economy brought global markets to their knees in 2008, or we have succumbed to a disastrously distorted incentive structure within the political sphere. Six...
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