Synovus Financial Corp., the Columbus, Ga.-based parent of National Bank of South Carolina, said Monday that Richard Anthony, its chief executive and chairman, is taking a medical leave of absence.
Anthony has been diagnosed with Wegener’s Syndrome, a blood vessel disorder, and is undergoing treatment in Alabama, the bank said. Synovus’ board named company president Kessel Stelling Jr. as acting chief executive and James Yancey, a board member and chairman of Columbus Bank and Trust Co., as acting chairman.
Nursery owners look for backer
CHARLESTON -- Knockout roses, camellias and crape myrtles could soon disappear from the sprawling acreage outside Moncks Corner where ornamentals have been sold for nearly a century. The containerized plants are among 5 million that will go on the auction block starting at 9 a.m. Wednesday at Carolina Nurseries unless the owners can secure new financing of its plant stock by then. Nursery owners are trying desperately to line up a new financial backer for the 686-acre wholesale plant farm.
Former city manager now with Elliott Davis
GREENVILLE -- Jim Bourey, former Greenville city manager, is joining Greenville-based accounting and consulting firm Elliott Davis as director of corporate development. As city manager, he was instrumental in the development of many downtown projects, including Fluor Field, RiverPlace and the rejuvenation of Falls Park. Bourey praised Elliott Davis’ role as a major downtown corporate headquarters.
Nation & World
Oil prices climb
Motorists heading out for the long July Fourth weekend will find that filling up the family car is getting more costly. Retail prices for gasoline have climbed over the past week and are headed back toward a national average of $2.80 to $2.90 per gallon with higher prices on the West Coast, said Tom Kloza of the Oil Price Information Service. Prices dropped for about six weeks as oil prices fell over worries that the European debt crisis could spread and crush the global economic recovery and demand for crude.
Individual coverage price spikes
People who buy their own health insurance have been hit lately with premium hikes that far exceed increases in the premiums for employer-sponsored coverage, according to a new survey from the Kaiser Family Foundation. The nonprofit foundation said recent premium hikes for individual coverage averaged 13 percent. That hike tops last year’s average 5 percent annual increase for employer-sponsored family coverage and almost unchanged premiums for employer-sponsored single coverage.
Stock prices retreat
Stocks erased big gains Monday after investors lost some of their enthusiasm about China’s decision to let its currency appreciate against the dollar. The Dow Jones industrial average fell about 8 points after climbing nearly 144 in early trading. The Dow had been up the past four days.
Andrew Shain, The Greenville News, The (Charleston) Post and Courier and The Associated Press contributed.