The State Ports Authority accepted a settlement with the Coastal Conservation League in the environmental group's 3-year-old lawsuit seeking to halt progress on a new container terminal and its access road under construction in North Charleston.
The settlement calls for the authority to monitor and reduce air emissions from its existing operations and to launch by 2014 a voluntary program to replace 85 percent of port trucks that predate 1994. It also calls for consideration for rail access at the new terminal.
The primary defendant in the complaint is the Army Corps of Engineers, which issued the permit for the port expansion. The SPA later intervened in the lawsuit and was named as a defendant.
Federal bank regulators have ordered a struggling Charleston lender to raise capital. Carolina Federal Savings Bank said it will be seeking money from investors to comply with the terms of the cease and desist order issued by the Office of Thrift Supervision. The three-branch bank said it plans to continue operating.
Carolina Federal must provide a written proposal by Sept. 30 explaining how it plans to boost its capital reserves. If the bank cannot raise enough money by Dec. 31, it will have to submit a plan detailing a merger or voluntary dissolution.
Government money is on the way to help financially struggling South Carolina residents save their homes.
U.S. Treasury officials approved a series of homeowner rescue programs that will spread federal grants -- from a few thousand dollars up to $36,000 -- to homeowners across the state who risk losing their property to foreclosure.
A South Carolina software company that works behind the scenes on a typical person's largest lifetime purchase has found a new place to call home. Avista Solutions, which makes and sells a computer program that lenders use to process mortgage information, has moved its headquarters from Columbia to Daniel Island. The new office will house about half of the company's 40 employees.
Developer Tony Berenyi and business partner Janie Kruse are seeking the OK to build a public marina on the Cooper River in downtown Charleston near their Seabreeze office building on Immigration Street. The marina, to be called Town Creek, would hold between 40 and 50 slips.