Business

Business In Brief - September 29, 2007

Mary Pettus promoted to management post

Mary Pettus, former publisher of Lake Wylie Pilot and Enquirer-Herald and most recently director of advertising for community publications for The Herald, has been promoted to retail advertising manager at The Herald.

She will supervise all retail account executives at The Herald as well as its community newspapers, which include the Lake Wylie Pilot, the Enquirer-Herald in York and Clover, and the Fort Mill Times -- a total of 12 employees.

Pettus has been at the helm of some of the newspaper group's fastest-growing and most successful projects, including the launching of the Lake Wylie Pilot's annual newcomers guide, Gateway Magazine. She has worked for The Herald's group of newspapers for 11 years, and she is a graduate of Winthrop University. She and her husband, Tommy, residents of Clover, have two children.

She is now located at The Herald and can be reached at 326-4322.

Kaye McMaster named vice president at NBSC

Kaye McMaster was named vice president by The National Bank of South Carolina.

McMaster joined NBSC in June 2007 with more than 30 years of banking experience. She earned her Bachelor of Science in business administration from the University of South Carolina. She is on the board for Interfaith Hospitality Network of York County.

The National Bank of South Carolina, founded in 1905, is one of the oldest financial institutions in the state. NBSC serves 27 communities in South Carolina from 45 locations.

Hall Rogers joins Coldwell Banker

FORT MILL -- Hall Rogers has joined the Fort Mill office of Coldwell Banker United, Realtors.

Coldwell Banker United, Realtors, Carolinas Region has 17 offices in Greater Charlotte, Greater Columbia, Lake Norman, Concord, Statesville, Rock Hill, Lancaster, Fort Mill and Sumter with 624 sales associates.

Consumer spending gains in August

WASHINGTON -- Consumers shrugged off sagging home prices and financial market turmoil in August to push up spending by a better-than-expected amount.

In other good news, a key inflation gauge showed price pressures outside of food and energy eased further last month and construction activity rose, thanks to continued strength outside of housing.

The batch of new reports Friday offered some reassurance that the current economic expansion will not be derailed by the continued troubles in housing and the severe credit crunch that roiled financial markets last month. Consumer spending, which accounts for two-thirds of total economic activity, is considered the key to whether the country avoids a recession.

The Commerce Department reported that consumer spending rose by 0.6 percent in August, the best showing in four months and better than the 0.4 percent increase that had been expected. Inflation-adjusted spending was also up 0.6 percent, the best showing for this measure in 10 months.

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