SC business notebook

January 5, 2013 

Groups fight cruise passenger terminal permit

Neighborhood and conservation groups are appealing state regulators’ permit for a $35 million cruise passenger terminal in Charleston. The (Charleston) Post and Courier reported the groups want the Department of Health and Environmental Control to rescind the permit issued last month that allows pilings to be drilled into the Cooper River for the terminal planned for an old warehouse. The controversy over the terminal has already sparked lawsuits in state and federal court. If the permit is not rescinded, the groups want the State Ports Authority to consider that other terminal locations require that cruise ships use power from the shore instead of running their engines when in port. The authority is reviewing the appeal. The DHEC board has two months to consider the issue.

S&P hits highest mark in five years

The Standard & Poor’s 500 index closed at its highest level in five years as the stock market extended a New Year’s rally. The S&P 500 closed at 1,466 Friday, the highest since Dec. 31, 2007, before the financial crisis. That’s a gain of seven points on the day. The index is up 4.6 percent over the past week after lawmakers passed a last-minute budget agreement that avoided a set of drastic tax increases and government spending cuts. The Dow Jones industrial average ended up 43 points at 13,435. The Nasdaq rose one point to end at 3,101.

High-profile N.C. furniture company closes

A start-up North Carolina furniture company once celebrated as a sign of America’s manufacturing rebound has closed, a year after its head was hosted by President Barack Obama. Lincolnton Furniture Company was silent Friday, a day after shutting down. President Bruce Cochrane and other company officers did not return messages to The Associated Press. Company financial officer Ben Causey said manufacturing operations were stopped indefinitely because orders were insufficient. He told The Charlotte Observer that only a few people would remain employed and the next steps were uncertain. Lincolnton Furniture opened in December 2011 with 60 employees and plans to grow. Obama last year invited Cochrane to a White House event on bringing overseas jobs back to America and he was a guest at the State of the Union address.

Izik is here

The makers of Blekko believe they’ve built a great alternative to Google, but they’re also realistic. They know their two-year-old Internet search engine won’t ever supplant Google as the most popular place to search on laptop and desktop computers. But Web surfing on tablet computers is a different matter, creating an opportunity that Blekko hopes to exploit with a new product called Izik – a search engine designed especially for Apple Inc.’s iPads and tablets running on Google’s Android software. Izik, whose name is a riff on 17th-century scientist Isaac Newton, debuted Friday with the release of free apps for the iPad and Android tablets.

The Associated Press contributed.

The State is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service