S.C. business climate ranks high in magazine

South Carolina moved up in Site Selection magazine's annual rankings of states with the top business climates for 2009.

South Carolina moved to sixth, from 10th last year, in the annual rankings determined by tracking new and expanded business activity and a survey of corporate site seekers. North Carolina topped the list for the fifth straight year.

When asking site seekers, "What are the top 10 state business climates, taking into consideration such factors as lack of red tape, financial assistance and government officials' cooperation?" South Carolina ranked fourth - a leap from 14th a year ago. Texas received the highest marks.

Collexis to end SEC reporting

Collexis Holdings, a Columbia-based Internet search and software developer, said Monday it has filed to suspend filing financial reports with the Securities and Exchange Commission.

Collexis CEO Bill Kirkland said filing fees "do not contribute to our operational growth."

Collexis, one of the first companies to move into USC's Innovista, went public in 2007. But for the year ending on March 31 the company has lost $8.8 million. In its last quarterly report, released in May, Collexis said its accounting firm "expressed substantial doubt about our ability to continue as a going concern."