Business

Business In Brief - September 11, 2007

Lancaster chamber names Faile CEO

LANCASTER -- Dean Faile has been appointed president and chief executive officer of the Lancaster County Chamber of Commerce and will begin Nov. 1.

Faile replaces Tom White. He currently is senior vice president of the York County Regional Chamber of Commerce in Rock Hill.

A native of York County, Faile received a degree in business administration in 1985 from Winthrop University. While at the regional chamber, he helped develop a three-year strategic plan as well as public policy, education and business development-focused programs.

He previously ran a photo and imaging business for 17 years. He is active in the York County community and has served on numerous boards.

Three open business for kayak expeditions

Jan and Jerry Brown and their nephew, Jonathan Nichols, have started Catawba River Expeditions, a kayak and canoe rental service business on the Catawba and Broad rivers and Lake Wylie.

The business will rent kayaks and canoes to individuals, families and groups and will provide a shuttle service, personal floatation devices and paddles. Services are available daily.

Launches are from Lake Wylie, the Fort Mill dam, Landsford Canal State Park and Fishing Creek in Fort Lawn. Half- and full-day trips are available. Smallmouth fishing trips are planed for the Broad River.

Jan Brown is a school psychologist at Rock Hill High School. Jerry Brown owns Betterwash/Quicklube in Fort Mill, which Nichols manages.

For more information, visit the Web site at www.catawba-river-expeditions.com or call 327-9335.

Business after hours Thursday in Lancaster

INDIAN LAND -- A business after hours will be held from 5:30 to 7 p.m. Thursday in the Indian Land Professional Building at 8351 Charlotte Highway.

Sponsors are Blackwell Trimnal, Carolina Podiatry, Mackey Family Practice and Tracy Little State Farm Insurance.

Reservations are required by Wednesday. For more information, call the Lancaster County Chamber at (803) 283-4105.

Carolina National Bank opens Rock Hill office

Jon Naylor has joined Carolina National Bank as Piedmont commercial bank executive to run a new loan production office at 1430 Ebenezer Road, Suite 105, in Rock Hill.

Naylor, who has 10 years experience as a commercial lender, will be responsible for York and Union counties and Mecklenburg County in North Carolina. This is the Columbia-based bank's first venture into the Rock Hill/Charlotte area.

Naylor graduated from the University of Florida with a degree in business administration. He worked in commercial lending in Florida and North Carolina and recently was vice president for commercial lending at SunTrust Bank in Rock Hill.

He can be reached at 322-2335.

Corestaff ribbon-cutting Thursday at new location

Corestaff Services will hold a ribbon-cutting at 11:30 a.m. Thursday at the company's new location at 127 E. Main St.

Corestaff Services has been in Rock Hill for eight years and in Charlotte for 15 years.

Hours will be 8 a.m. to 5 p.m. Mondays through Fridays. For more information, call 327-8018 or visit the Web site www.corestaff.com/apply. Corestaff CEO Steve Drexel will attend the ribbon-cutting.

Apple hits iPhone sales target ahead of forecast

SAN FRANCISCO -- After a week of dealing with negative customer reaction to the surprise cut in the price of its iPhone, Apple said Monday that it reached its goal of selling its 1 millionth device almost three weeks ahead of schedule.

Chief Executive Steve Jobs contrasted the iPhone's rapid sales with the adoption of the iPod, Apple's hugely popular digital music player, which Jobs said took two years to reach the 1 million sales mark.

Monday's announcement came after a rough week for the consumer electronics maker. At an Apple event on Sept. 5, Jobs cut the price on the 8-gigabyte version of the iPhone by $200 to $399. The company also lowered the price on the 4GB version by $200 but said it will sell that device only until supplies run out.

The unexpected price cut spooked investors, who feared that it was a sign that iPhone sales were behind expectations. Apple's shares fell more than 5 percent that day.

Jobs had reiterated the company's goal of selling 1 million iPhones by the end of September. By the end of the week, he also felt the need to apologize to customers who waited in line and paid full price for the iPhone after its launch in late June. He said the company would give them a $100 Apple store credit if they weren't already covered by an Apple rebate.

Apple didn't immediately return calls for comment about whether the price cut spurred iPhone sales last week.

Prior to the 1 millionth sales announcement, analyst Chris Whitmore, of Deutsche Bank, said he thought cutting the price of the iPhone would speed up sales for the device, and compared Apple's move to a similar one taken by Motorola Inc. shortly after it released its then-hot RAZR mobile phone in 2005.

Whitmore said that when Motorola cut the price of the RAZR to $315 from $450 -- a percentage reduction close to Apple's iPhone price cut -- the company saw a 90 percent increase in the RAZR's unit sales. Whitmore said that it would be difficult to quantify the demand increase for the iPhone based on the price cut, "we believe iPhone sales are already improving from solid levels."

With support from the iPhone sales figures, Apple's stock rose $4.94, or 3.8 percent, to close at $136.71 Monday.

(c) 2007, MarketWatch.com Inc.

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Distributed by McClatchy-Tribune Information Services.

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ARCHIVE PHOTO on MCT Direct (from MCT Photo Service, 202-383-6099): jobs iphone

Fax news to Annette Cherry at 329-4021; mail The Herald, Business News, P.O. 11707, Rock Hill, SC 29731; call 909-4209; or e-mail acherry@heraldonline.com.

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