John McDermott
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- Call: 843-937-5572
Business editor John P. McDermott has covered multiple business beats, with specialties in real estate and economic development, since he joined The Post and Courier staff in 1993. He is a graduate of the University of Hawaii and previously worked for the San Diego Union, the Honolulu Advertiser, Pacific Business News and the Washington (D.C.) Business Journal.
Recent Stories
Baker Motor buys Sentry Buick, moves Cadillac dealership
Expansion-minded Baker Motor Co. has purchased Sentry Buick GMC and moved the former Miller Cadillac business from Mount Pleasant to the "auto mile" on Savannah Highway.
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IBM to hold 2012 annual meeting in Charleston
Technology giant IBM Corp. said today it will hold its next annual of meeting of stockholders in the Lowcountry.
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MCDERMOTT COLUMN: The Fed has eye on Charleston
As the chief executive of a global company that's among the nation's largest privately held businesses, Anita Zucker maintains a busy, fast-paced schedule.
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Charlotte firm buys controlling interest in Wild Wing Cafe
The founders of Mount Pleasant-based Wild Wing Cafe have sold a controlling stake in the 22-year-old dining chain to a Charlotte investment firm.
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MCDERMOTT COLUMN: Drug company startup acquired
A month shy of its first anniversary, a small East Cooper pharmaceutical startup has been ingested. North Carolina's DARA BioSciences Inc. acquired Oncogenerix Inc. last week in an all-stock-deal that includes a long-term sweetener to keep the sellers engaged.
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Candidates drive economic gains
It is estimated that it will cost South Carolina $1.5 million to hold Saturday’s Republican presidential primary, but some businesses are also seeing economic benefits as candidates criss-cross the state, with their entourages and media in tow.
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MCDERMOTT COLUMN: Local paper mill supplier sold
A North Charleston-based paper mill supplier has inked its last deal as a standalone company.
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Bank of South Carolina reports modest profit for 2011
The Bank of South Carolina Corp. closed the books on 2011 with flat fourth-quarter earnings and a slight profit gain for the entire year.
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Inn changes hands
Linton relinquishes Woodlands to avoid foreclosure
Facing the threat of foreclosure, the acclaimed Woodlands Inn in Summerville has slipped back into the deep pockets of its previous owner.
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Best December home sales in 5 years
They're not roaring back, but local home sales showed continued signs of improvement last month, with the industry reporting its best December in five years.
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