Business Briefs
Trident appoints new top executive
North Charleston-based hospital operator Trident Health System said Tuesday that Todd Gallati would be its next president and chief executive officer.
Gallati, who most recently was president and CEO of Gulf Coast Medical Center in Panama City, Fla., replaces Terry J. Gunn, who announced his resignation in July. Gunn's final day was Tuesday.
Trident's chief financial officer, Karl Gorrell, will serve as interim president and CEO until Gallati's Oct. 27 start date.
Gallati will report to James Thomas, who recently was president of the new Charleston-based South Atlantic division for HCA Corp., which owns Trident.
Vehicle maker files all delayed reports
Ladson-based Force Protection Inc. on Tuesday filed two delayed financial statements from 2008 and revised three others from 2007, bringing it up to date on quarterly reports it had been late in submitting to the Securities and Exchange Commission.
Also, in a conference call Tuesday afternoon, the armored-vehicle maker's chief executive, Michael Moody, acknowledged a dwindling backlog for truck orders and said he plans to expand international sales and put more resources into research and development.
Consumers more upbeat last month
NEW YORK — Americans' confidence in the economy unexpectedly improved in September, but it still hovers near a 16-year low as they wrestle with a weak job market, higher food and fuel prices, and the worst financial crisis in decades.
The Conference Board said Tuesday that its Consumer Confidence Index is now at 59.8, up from a revised 58.5 in August. Economists surveyed by Thomson/IFR expected a reading of 55.5.
Deliveries of new 787 jet are up in air
TOKYO — Delivery schedules for Boeing's delayed 787 mid-sized jet are now up in the air because of a strike that has shut down production, executives said Tuesday.
All Nippon Airways Co. is scheduled to be the world's first customer for the 787 next-generation jet, which has already been postponed three times and by nearly two years from the original schedule.
The latest schedule had put its delivery for August next year. But a strike by U.S. workers including electricians, mechanics and painters is threatening to cause a further delay.
"We do not know when it will end," Boeing Vice President Randy Tinseth said of the strike, which began Sept. 6. "Only when it's over can we develop a production schedule."
Major portions of the 787 fuselage are made and assembled in North Charleston.
Investors seek to privatize airport
CHICAGO — A group of investors from New York, Boston and Canada has offered to pay $2.5 billion to privatize Chicago's Midway Airport.
The city expects to get more than $1 billion in net proceeds from the deal with much of that money to be used for infrastructure improvements.
Chicago applied two years ago to be part of a Federal Aviation Administration pilot program to privatize up to five U.S. airports. The deal requires City Council approval.
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