TODAY'S HEADLINES | APRIL 24, 2012

Holtec, NuHub to partner in small reactor program

NuHub, the commercial nuclear advocate in the Midlands, will partner with New Jersey-based Holtec to apply for a U.S. Department of Energy grant to subsidize a small modular reactor project at the Savannah River Site, Holtec officials said today. It is NuHub’s second such partnership. The group signed a similar agreement with Portland, Ore.-based NuScale.

Synovus posts $35.9M profit for Q1

The Columbus, Ga.-based parent company of South Carolina’s NBSC bank posted its third consecutive quarterly profit in the first quarter of 2012, following a string of recession-driven losses. In the first quarter of 2012, net income was $35.9 million, compared with a loss of $79.4 million in the first quarter of 2011.

The Boeing Co. has options in Lowcountry

The Boeing Co. holds an option on 94 acres of undeveloped land near the company’s Interiors Responsibility Center at the Palmetto Commerce Park. A Charleston County filing refers to the plot as “Track 10,” and Stone Mountain Industrial Park bought the land in June 2006 for roughly $2 million. Boeing paid $10 for the option agreement, which includes a right of first refusal.

Executive says rollout to validate Boeing in S.C.

Friday’s 787 rollout will be a symbolic event for the Boeing Co., which has not assembled a plane outside of Puget Sound since World War II. On Friday, the Boeing Co. will roll out the first 787 assembled in South Carolina, and the event will be a validation of the decision to expand in North Charleston, said the company’s general manager.

Record losses impact church insurance firm

A.M. Best lowered the financial rating for Southern Mutual Church Insurance Co., but added that the firm is well-capitalized and is working to improve operating results.

Rock Hill distributor part of GreenLine acquisition

Apio acquired Ohio-based GreenLine for $63 million in cash with no assumed debt. Rock Hill is one of six distribution hubs operated by GreenLine.