Business In Brief - September 13, 2007

Tega Cay community breakfast Friday

TEGA CAY -- The 2007 Tega Cay State of the Community breakfast will begin at 8 a.m. Friday at the Tega Cay Golf Club at One Molokai Drive.

The event is hosted by the Tega Cay Area Council of the York County Regional Chamber of Commerce.

Speakers will be Buddy Motz, York County Council chairman; Bob Runde, Tega Cay Mayor; and Martha Kinard, Fort Mill school board chairwoman.

The event is sponsored by Piedmont Medical Center, South Carolina Bank & Trust of the Piedmont, Carolina First, city of Tega Cay, Founders Federal Credit Union, Newland Communities, Smiles By Design, Tega Cay Golf Club and York County government.

Cost is $15 for chamber members and $20 for nonmembers. To register, contact Becky Adams at 324-7500 or e-mail badams@

Franchise seminar Sept. 24 at Winthrop

A free seminar, "Owning a Franchise," will be 6 p.m. Sept. 24 at Winthrop University's College Business at 212 Thurmond Building.

Basic information needed to own a franchise will be provided.

Hours for the Winthrop University Small Business Development Center are 8 a.m. to 5:30 p.m. Mondays through Fridays. For more information, call 323-2283 or visit the Web site,

Ada Chisolm Perry named to motor coach board

Ada Chisolm Perry of Rock Hill has been elected to the board of directors of the Motor Coach Association of South Carolina in Myrtle Beach.

The association promotes the motor coach industry and provides education. It also advocates the enactment of just and proper laws for the industry and promotes construction of proper roads and streets.

Bowater in Catawba gets workplace safety honor

CATAWBA -- Bowater's Catawba paper operations received national recognition for safety excellence from the Washington D.C.-based American Forest & Paper Association, according to a company statement.

The Catawba facility achieved the honor for operating throughout 2006 without an employee missing work due to injury. The location, which employs 937 people, was one of four Bowater facilities to be recognized.

Catawba facility manager Mike Forrest accepted the certificate.

Bowater's Catawba operations, established in 1957, produce coated paper and market pulp.

Rock Hill native recognized in Barron's

CHARLOTTE -- Rock Hill native Larry Carroll recently was recognized as one the top 100 independent financial advisers by Barron's, The Dow Jones Business and Financial Weekly.

The Aug. 27 issue lists the ranking of advisers who are known for managing investments on a fee basis, not commission, and for providing clients with financial planning services. Winners were selected based on accounts they oversee, service, interviews and contributions to their firms.

Carroll is founder and president of Carroll Financial, a 30-person financial planning firm in the SouthPark area in Charlotte. He is a certified financial planner and a chartered mutual fund counselor. He also is chairman of Park Sterling Bank, with headquarters in Charlotte.

Job fair at USC draws more than 2,000

COLUMBIA -- If Wednesday's fall Career Fair Blitz at the University of South Carolina is any kind of an economic indicator, then the job market for engineers, accountants and computer scientists is hot.

Recruiters for large manufacturers to department store chains to the federal government were on the hunt for engineers and accountants.

"As long as your GPA is high enough, the job market is good right now," said Lenson Bellamy III, a senior mechanical engineering major. "You may not find exactly what you want to do. That's the hard part even in a good job market."

More than 2,000 students attended the career fair looking for full-time jobs and internships with 171 companies who set up display booths at the Columbia Metropolitan Convention Center, said Larry Salters, the USC Career Center director. It was the largest number of vendors the fall career fair has ever hosted, he said.

Young accountants are finding the corporate world more attractive because they don't have the pressures that come with the April 15 tax deadline in public accounting firms, Musick said.

But Nashea Reese, a USC alumna who is enrolled in Winthrop University's MBA program, said she has the energy to handle the long hours.

"A lot of firms require 60-hour workweeks," she said. "I could do it."

Mattel CEO pledges to improve toy safety

WASHINGTON -- Mattel CEO Robert Eckert said Wednesday the company could have done a better job overseeing subcontractors in China that produced more than 21 million recalled toys.

The Consumer Product Safety Commission embraced Democrats' calls for more money after years of cutbacks to the beleaguered agency.

Testimony to Congress on Wednesday by both federal regulators and toy manufacturers detailed loose Chinese standards and spotty U.S. enforcement that have contributed to a spate of recalls of Chinese-made toys, food and other products as health threats.

Seeking to tamp down public outrage, Eckert told a Senate Appropriations subcommittee that the company now would test the safety of Chinese-made products with its own laboratories or with laboratories certified by the company.

He disputed reports that public warnings about the dangerous products were delayed because of disagreements with federal regulators or that Mattel might be motivated by saving money at the expense of safety when it chose to do business in China.

Paulson: Fixing mortgage woes will take time

WASHINGTON -- Treasury Secretary Henry Paulson said Wednesday that the turbulence that has hit financial markets will take some time to be resolved, especially in the area of subprime mortgages.

Paulson, speaking to officials of some of the country's biggest financial firms, said the Bush administration was looking for their help in making sure subprime homeowners get assistance in dealing with sharply rising mortgage payments as their initial low adjustable rate mortgages now reset to higher levels.

States win battle over auto emissions

MONTPELIER, Vt. -- Vermont and several other states scored a victory on Wednesday in their battle to get automakers to comply with rules aimed at reducing global warming.

A federal judge ruled that states can regulate greenhouse gas emissions from vehicles, rejecting automakers' claims that federal law pre-empts state rules and that technology can't be developed to meet them.