John McDermott

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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

Project links workers, jobs

Monday, Feb. 8, 2010

A group of firms from the local knowledge economy has teamed up with the city of Charleston to create a one-stop, online resource for high-skilled workers and the businesses seeking to tap into that talent pool. Read MoreRead More

 

S.C. lottery director to head boards

Friday, Feb. 5, 2010
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The head of the South Carolina lottery has been tapped to oversee the boards of directors at First Federal of Charleston and its holding company. Read MoreRead More

 

4Q earnings increase despite wary buyers

CEO Marc Chardon expects target to remain cautious even as hopes of economic recovery grow

Friday, Feb. 5, 2010
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Fourth-quarter earnings at software firm Blackbaud Inc. jumped even as its recession-battered customers remained hesitant to make or increase technology investments. Read MoreRead More

 

Lottery chief named chair of First Federal

Thursday, Feb. 4, 2010

The head of South Carolina’s lottery has been tapped to oversee on the boards of directors at First Federal of Charleston and its holding company. Paula Harper Bethea of Hilton Head Island was elected chairman of North Charleston-based First Financial Holdings Inc. and its main lending subsidiary, it was announced Wednesday. Read MoreRead More

 

New real estate firm adapts to times

Monday, Feb. 1, 2010

The Charleston-based commercial real estate firm NAI Batten & Moore is no more. But most of its brokers are reassembling under a newly formed venture, Carolina Commercial LLC, starting today in anticipation of a potentially rocky period for the industry. Read MoreRead More

 

Bank bolsters loan-loss funding

Company sets aside funds to cover potential losses

Friday, Jan. 29, 2010

Southcoast Financial Corp. set aside a big slug of income in the closing months of 2009 to cover potential losses from real estate borrowers, joining the chorus of lenders to end last year in the red. Read MoreRead More

 

Forecast rough for 2010

Contributions to loan-loss fund lead to $4.5 million loss for fiscal first quarter

Thursday, Jan. 28, 2010
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The largest bank owner based in the Charleston region sees rough times ahead for much of 2010, as souring real estate loans continue to pile up from the prolonged and widespread economic downtown. Read MoreRead More

 

First Federal has loss as it beefs up loan reserves

Wednesday, Jan. 27, 2010

As expected, the parent company of First Federal Savings and Loan Association of Charleston posted a loss for the first quarter of its 2010 fiscal year because it had to set aside $25.3 million to cover potential loan losses. Read MoreRead More

 

Quarterly loss is 8th in a row

Wednesday, Jan. 27, 2010

The parent of Carolina First Bank reported its eighth consecutive quarterly loss Tuesday, as a raft of bad real estate loans continues to batter the Upstate-based lender's balance sheet. Shares of South Financial Group Inc. skidded in after-hours trading. The fourth-quarter loss f... Read MoreRead More

 

Alternative fuel maker expanding

Tuesday, Jan. 26, 2010

A Michigan company that converts industrial waste items into an alternative fuel source for the region's cement manufacturers has invested $7 million to expand its Dorchester plant. Read MoreRead More

 

More stories

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