IBM teams with USC on Army aircraft research

Mark Easton (standing, from left) of IBM, Les Eisner of USC, Professor Abdel-Moez Bayoumi (seated, from left) and Ishan Sehgal of IBM. (Photo by James T. Hammond)IBM will collaborate with the university’s College of Engineering and Computing to improve and expand USC’s condition-based maintenance research program. The USC team works with the U.S. Army to improve performance on helicopters. The partnership will allow the program to expand to other industrial uses, including energy and maritime applications. Read More...

Nephron refinancing totals $280M

Chicago-based Huron Business Advisory LLC reported that it completed a refinancing transaction for Nephron Pharmaceuticals that includes $205 million in senior notes and $75 million in mezzanine notes. Florida-based Nephron held a ribbon-cutting in June at its new plant near Cayce. Read More...

S.C. index bounces back in July

A 10.5% increase in the number of building permits issued for July along with a 7.4% increase in the value of those projects helped push the S.C. Leading Index up to 101.46, the S.C. Department of Commerce reported. A value higher than 100 points to improving economic conditions for the next three to six months, according to the department. Read More...

S.C. business leaders back Ex-Im Bank

Nearly 8,000 S.C. jobs last year were directly supported by transactions facilitated by the U.S. Export-Import Bank, according to the U.S. Chamber of Commerce. Unless Congress acts swiftly, the federal agency could be out of business by Sept. 30, officials said. Read More...

Columbia to host annual tech conference

The all-day conference on Oct. 1 at the Columbia Metropolitan Convention Center is expected to draw hundreds of information technology professionals and experts. The event also will offer participants training through on-site labs. Read More...


Nuclear regulator rules on-site spent fuel storage safe for long term

Last week the Nuclear Regulatory Commission concluded that spent nuclear fuel can be safely managed and stored for “long-term and indefinite time frames” at commercial nuclear plants such as V.C. Summer, northwest of Columbia. Read More...

Construction jobs report mixed for S.C.

Although the number of construction jobs statewide increased 2% between July and the same month in 2013, Charleston slipped 4%, and Greenville dropped 1%. Columbia, meanwhile, was flat. Read More...