Business In Brief - October 9, 2007

Physical Therapy of America open house today

FORT MILL -- Physical Therapy of America will host an open house from 5 to 8 p.m. today at its building, 8765 Charlotte Highway.

Refreshments will be served. For more details, call 1-800-882-3951.

Bloom grocery to open in Fort Mill on Wednesday

FORT MILL -- Bloom grocery will open a Fort Mill location at 8 a.m. Wednesday at 1046 Regent Parkway, according to a company statement.

The 38,000-square-foot store off U.S. 21 Bypass outside Regent Park will have more than 30,000 products. Hand-held scanners will allow customers to scan and bag their own groceries. In addition, shoppers can print pictures, purchase postage, ship packages, pay utility bills, make copies and rent DVDs. Hours will be 6 a.m. to midnight. The phone number is 802-9670.

Bloom is a subsidiary of Food Lion.

Rock Hill group to host Boss' Day Breakfast

The Rock Hill Area Chapter of the International Association of Administrative Professionals is sponsoring a Boss' Day Breakfast on Oct. 16 from 7:30 a.m. to 9 a.m. at Winthrop University, The Baruch Room, Joynes Hall.

Guest speaker will be Rob Youngblood, president of the York County Regional Chamber of Commerce.

Tickets are $15 for IAAP members and $17 for nonmembers and are available by contacting Debi Burt at 197 Piedmont Blvd., Suite 202, Rock Hill, SC 29730.

Checks should be made payable to Rock Hill Area Chapter IAAP. More information is available by e-mailing or by visiting iaap-rock-hill.

York Place tapped York business of the month

York Place, the Episcopal Church Home for Children, has been named the October Business of the Month by the Greater York Chamber of Commerce.

York Place is a psychiatric residential treatment facility serving severely emotionally disturbed children ages 6 through 16 and their families. Their goal is to provide a stable, structured, healing environment using modern techniques in a Christian setting. Their purpose is to move these children back to their homes and communities or a least restrictive setting as soon as possible.

Established in Charleston in 1850 as an orphanage, the Episcopal Church Home for Children moved to York in 1910. York Place is owned by the two Episcopal Dioceses in South Carolina and is nationally accredited by the Council on Accreditation.

Sprint Nextel CEO resigns as company revenue falls

NEW YORK -- Sprint Nextel Chairman and CEO Gary Forsee resigned Monday as the company's board expressed disappointment with the financial results of the nation's third-largest wireless provider. Sprint also lowered its financial forecast for the current quarter.

Director James Hance Jr. will assume the role of acting nonexecutive chairman, and Chief Financial Officer Paul Saleh will serve as acting CEO.

Also Monday, Sprint Nextel said it expects to report a net loss of approximately 337,000 monthly subscribers in the third quarter. Its operating income excluding some items is expected to fall below the previously forecast range $11 billion to $11.5 billion. Revenue is expected to fall below the earlier forecast of $41 billion to $42 billion.

UAW sets strike deadline against Chrysler

DETROIT -- The United Auto Workers has set a deadline of 11 a.m. Wednesday to agree on a new contract with Chrysler or workers could strike.

The deadline, confirmed Monday morning by Chrysler spokeswoman Michele Tinson, gives negotiators less than 48 hours until a strike could be called.

Bargainers returned to the table Monday morning after spending most of the weekend in negotiations.

Just because a deadline has been set doesn't mean a strike will happen, Tinson said. The union also could extend the contract hour-by-hour as negotiations continue, she said.

Google's stock price soars to new peak

SAN FRANCISCO -- Google's stock price sailed past $600 for the first time Monday, extending a monthlong rally propelled by the lofty expectations surrounding the Internet search leader's upcoming third-quarter earnings report.

The Mountain View-based company's shares traded as high as $610.26 before slipping back to $609.62, a gain of $15.57, or 2.6 percent. It marked the sixth time in the past 12 trading sessions that the stock has reached a new peak, indicating investors are confident Google's third-quarter profit will be impressive. The results are scheduled to be released Oct. 18.

The latest milestone served as yet another reminder of the immense wealth created since Google went public in August 2004.

The shares have increased more than sevenfold from their initial public offering price of $85, bringing the nine-year-old company's market value to $190 billion -- eclipsing bigger, more mature businesses such as Wal-Mart, Coca-Cola, Hewlett-Packard and IBM.