Columbia Real Estate Update 7-20-2011
TODAY'S HEADLINES / JULY 20, 2011
Duke may buy nuclear from Santee Cooper
Duke Energy Carolinas announced today that it signed a letter of intent with Santee Cooper for a potential minority interest in the new nuclear reactors at the V.C. Summer Nuclear Generating Station. Duke said it continues work its proposed Lee Nuclear Station.
Moody’s threatens to downgrade S.C. credit rating
The battle over debt in Washington, D.C., prompted the credit ratings agency to review South Carolina’s credit rating. Moody’s said the state’s reliance on Medicaid and a lack of state funds to cover payments could put the state’s Aaa in jeopardy.
First Community Bank boosts profit 81% in Q2
The Lexington-based bank reported that its net income rose in the second quarter to $558,000, from $309,000 in Q2 of 2010. First Community Bank operates 11 banking offices in the state.
Ohio CEO elected to Sonoco board
John R. Haley has been named as a director of the Hartsville-based packaging company. Haley, 50, is CEO of Gosiger Inc., a Dayton, Ohio-based distributor of computer-controlled machine tools and factory automation systems.
S.C. Chamber names Manufacturer of the Year nominees
The awards will be presented at a luncheon Sept. 13 in Columbia. The awards program recognizes accomplishments and contributions by S.C. manufacturers throughout the course of the year.
Bank CFO guilty of embezzlement
The former CFO of South Carolina Community Bank pleaded guilty to embezzling $377,000 between September 2006 and March 2010, U.S. Attorney Bill Nettles said Tuesday.
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