TODAY'S HEADLINES | MARCH 28, 2012

Continental Tire chiefs say growth in S.C. likely

The tire manufacturer’s initial employment estimates for the $500 million plant are about 1,600 jobs, but that may grow to 2,000 to 3,000 workers when fully mature in perhaps two decades.

Fitch gives Infrastructure Bank’s bond issue 'A' rating

In rating the upcoming $271 million bond issue, the New York-based financial services rating service noted past financial problems at the S.C. Department of Transportation and raised the possibility that the State Transportation Infrastructure Bank is over-leveraged.

Columbia physician’s procedure kit gets FDA approval

Dr. Stephen Ridley, who practices at Palmetto Health Baptist and teaches at Palmetto Health Richland in the Midlands, developed the first ultrasound probe to be equipped with Soma Access Systems' patented AxoTrack virtual needle technology.

Fitch gives 'AA-' rating to Santee Cooper bonds

Proceeds of the $575 million worth of bonds will be used to refund commercial paper notes and cover a portion of the agency’s capital improvement program, according to Fitch Ratings.

Wells Fargo reports $3M in philanthropic giving in S.C.

More than 375 S.C. nonprofits benefited from financial contributions and the volunteering of the firm’s employees, Wells Fargo & Co. said.

Duke, Progress propose power-line expansion

The proposal is part of a mitigation plan filed with federal regulators seeking approval for the utilities’ planned merger. Duke and Progress said they would spend $110 million upgrading lines and improving others to import more out-of-state power.

Job of the Week

The Greater Columbia Chamber of Commerce seeks a full-time account executive. Sales experience is essential. The position is salary-based, with commission and benefits. Resumes will be accepted by fax or email. Learn more or apply here.

The Daily Report is published by the Columbia Regional Business Report,
a publication of SC Biz News.

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