Business In Brief - September 6, 2007

Bo Redmond new branch manager for SCB&T

Charles Herlong "Bo" Redmond, branch manager of the Rock Hill Eastside office for South Carolina Bank and Trust of the Piedmont, has been named banking officer, according to a company statement.

Redmond is a graduate of Presbyterian College, where he earned a degree in business administration. A native of North Augusta, he is the son of Dave and Frances Redmond and is married to Sara Keisler Redmond of Aiken.

South Carolina Bank and Trust of the Piedmont, a wholly owned subsidiary of SCBT Financial Corp., has its headquarters in Rock Hill and six offices in York and Lancaster counties.

Chamber fall golf classic set for Sept. 20

Registration is open for the York County Regional Chamber of Commerce's annual Fall Golf Classic on Sept. 20. The tournament will begin at 11:30 a.m., with a shotgun start at the Springfield Golf Club, 639 Hambly House, Fort Mill.

A business after hours event will be at the club from 5:30 to 7 p.m. This event is open to members of the York County Regional Chamber of Commerce and is sponsored by Founders Federal Credit Union and Staffmark.

Space allows for 144 golfers. In case of rain, the event will be held at the Fort Mill Golf Club on Sept. 27.

To register to play or for sponsorship information, chamber members can call Melissa Walker-Price at 324-7500 or mwalkerprice@

Cardiology group joins Carolinas Physicians

Charlotte Cardiology Associates, which has an office in Lancaster, recently became part of Carolinas HealthCare System's Carolinas Physicians Network, according to a company statement.

The Charlotte-based cardiology practice includes 13 physicians at seven locations.

The Lancaster office is at 1228 Colonial Commons, Lancaster. The phone number is (803) 285-6000.

York County company joins Clean Air Works

FORT MILL -- Flakeboard in Fort Mill is among nine regional companies that have joined Clean Air Works, a project of the Regional Air Quality Board, which works with employers to improve air quality and promote use of commute alternatives.

The project recruits partners from the eight-county air quality nonattainment region that includes Cabarrus, Gaston, Iredell, Lincoln, Mecklenburg, Rowan, Union, all in North Carolina, and York County. Nonattainment means that many days each year, the region has unhealthy air pollution levels for some or all of its residents. To date, 83 employers are participating in Clean Air Works.

Clean Air Works is funded by Mecklenburg County Government and federal Congestion Mitigation and Air Quality. For more information, visit

Credit union offers speaker's bureau

LANCASTER -- Founders Federal Credit Union is offering its free Speaker's Bureau to help educate the community about issues facing families.

The Speaker's Bureau includes more than 70 Founders employees who can speak on topics ranging from basic financial management and investment options to fraud and banking technology.

For more information, call 1-800-845-1614.

Compact Power elected to trade group

Compact Power of Fort Mill has been elected to the Association of Equipment Manufacturers, the North American-based international trade group for companies that manufacture equipment, products and services used worldwide in the agricultural, construction, forestry, mining and utility fields.

Karrie Crocker, marketing manager, will represent Compact Power to the association. Members participate in work groups that include product safety and technical support, equipment market statistics, public policy, trade shows, work force development, education and training, and work site safety and educational materials.

European Central Bank may lower interest rates

FRANKFURT, Germany -- The European Central Bank said Wednesday that volatility in the money markets has increased and it is prepared to "act accordingly," a sign that it could lower its benchmark interest rate.

The bank did not explain why it issued the statement, a surprise that caught markets off guard on the eve of a meeting at which its top policymakers are expected to review rates.

A few weeks ago, analysts said the bank could raise it benchmark rate from 4 percent, but that view had changed more recently with most betting it would hold rates steady.

The ECB, which sets monetary policy for the 13 countries that use the euro, said it may take action at today's meeting of its Governing Council to "contribute to orderly conditions."

Palm cancels plans for smart-phone companion

NEW YORK -- Palm has canceled plans to release a laptop-like gadget that was supposed to serve as a smart-phone companion, months after the product was announced and ridiculed by analysts.

The Foleo, which had been slated to ship this summer, looked like a small notebook PC with a 10-inch screen, full-sized keyboard and Bluetooth and Wi-Fi capabilities. It ran on a version of the Linux operating system and did not have a hard drive.

Early on, analysts dissed the Foleo. In particular, they questioned why consumers would want to carry yet another device when they already have PCs that are getting smaller and cell phones -- including Palm's own Treo -- that are getting smarter.