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It's Cooler in Pooler: Friday, May 26, 2017

Business In Savannah

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Savannah’s maritime community honors its own

Thu, 05/25/2017 - 9:24pm

It’s a springtime ritual repeated each May in Savannah and at ports around the country as Propeller Club members gather to celebrate National Maritime Day.

U.S Coast Guard Cmdr. Amy Beach was named Maritime Person of the Year. Beach will be promoted to captain June 30. (Mary Mayle/Savannah Morning News)

Look for more travelers this holiday weekend

Thu, 05/25/2017 - 9:07pm

More people are expected to hit the roads for Memorial Day travel this weekend than have done so since 2005, according to AAA.

Visitors purchase tickets to the Tybee Island Light Station and Museum on Thursday morning. Light Station staff are expecting large crowds this Memorial Day weekend, officially kicking off the islands busy season. (Katie Nussbaum/Savannah Morning News)

Margaritaville to develop a 55+ community outside Savannah

Thu, 05/25/2017 - 12:04pm

A new adult retirement community planned for the area will bring the Margaritaville spirit.

Photo courtesy Latitude Margaritaville Margaritaville signature concept restaurant and Town Center rendering.

Savannah jobless rate drops to 4.3 percent

Thu, 05/25/2017 - 9:06am

Metro Savannah’s unemployment rate fell again in April to 4.3 percent. In Coastal Georgia’s southern counties, the rate wass 4.6 percent. Both rates fell two-tenths of a percent for the month.

Trump budget holds $50M for harbor deepening

Wed, 05/24/2017 - 10:23pm

The Port of Savannah was one of two big harbor deepening winners in President Donald Trump’s proposed budget for fiscal 2018, garnering more than $50 million of the $108 million the administration has proposed for harbor deepening. Georgia Ports Authority will share the total with allocation with the Port of Boston in what is close to a 50-50 split.

Savannah Bar recognizes public defender Bill Lewis, others in Law Day event

Wed, 05/24/2017 - 10:20pm

Savannah attorney Bill Lewis has spent his 37-year career quietly defending people charged with crimes and frequently unable to afford their own lawyers.

Sandra Kent Bill Lewis

State AG backs wider view of open records in hospital fight

Wed, 05/24/2017 - 10:20pm

The state’s attorney general has urged the Georgia Supreme Court to reverse a lower court opinion that barred access to Northside Hospital’s financial records.

New tech elevates new theme parks

Wed, 05/24/2017 - 10:18pm

For more than a moment, you feel the way “Avatar” hero Jake Sully felt plunging down the side of a floating mountain and coming just close enough to a giant wave to feel the mist on your face — all while on the back of a flying banshee that then swoons and soars high above the land of Pandora. Flight of Passage, the new signature ride of Disney World’s $500 million Pandora-World of Avatar experience, has been designed to make riders feel like they are in an alien land. And it delivers.

The biggest CEO pay raises and pay cuts of 2016

Wed, 05/24/2017 - 7:57am

Here are the three CEOs who got the biggest pay raises last year, and the deepest pay cuts, as calculated by The Associated Press and Equilar, an executive data firm.

This photo provided by Broadcom shows President and CEO Hock E. Tan. Tan received one of the top three pay raises among CEOs in 2016, according to a study carried out by executive compensation data firm Equilar and The Associated Press. (Broadcom via AP)

CEO pay climbed faster last year, up 8.5 percent

Wed, 05/24/2017 - 7:55am

The typical CEO at the biggest U.S. companies got an 8.5 percent raise last year, raking in $11.5 million in salary, stock and other compensation last year, according to a study by executive data firm Equilar for The Associated Press. That’s the biggest raise in three years.

This photo combination of images shows the top 10 highest paid CEOs in 2016, according to a study carried out by executive compensation data firm Equilar and The Associated Press. On top row, from left: Charter Communications CEO Thomas Rutledge; CBS CEO Leslie Moonves; Walt Disney CEO Robert Iger; Discovery Communications CEO David Zaslav; and Activision Blizzard CEO Robert Kotick. On bottom row, from left: Comcast CEO Brian Roberts; Time Warner CEO Jeffrey Bewkes; IBM CEO Virginia Rometty; Regeneron Pharmaceuticals CEO Leonard Schleifer; and Wynn Resorts CEO Stephen Wynn. (AP Photo)

Savannah Maritime group graduates fifth class of logistics interns

Tue, 05/23/2017 - 4:50pm

The Maritime Logistics Education Taskforce has graduated its fifth class of logistics interns, partnering with four school systems and 20 business partners to give area high school students real-time experience in one of the area’s fastest-growing industries.

Maritime Logistics Education Taskforce intern Sheridan Strickland of South Effingham High School has been named the winner of the 2017 MLET Eddie Johnson Award for the intern whose work best typifies the criteria set by business partners and school administrators. Strickland, who interned with Port City Logistics, will aslo receive a cash prize of $1,000. (Photo courtesy Port City Logistics)

Savannah-based Citi Trends reports first quarter numbers, readies for proxy fight

Mon, 05/22/2017 - 5:57pm
Savannah-based urban fashion retailer Citi Trends on Wednesday reported increased total store sales for the first quarter that ended April 29, despite the negative impact of later-than-usual income-tax refunds.    Total sales in the quarter increased 3.2 percent to $200 million, compared to $193.7 million in the same quarter last year.    Comparable store sales increased 1 percent.   

Savannah-based Citi Trends reports first quarter numbers, readies for proxy fight

Mon, 05/22/2017 - 5:39pm

Savannah-based urban fashion retailer Citi Trends on Wednesday reported increased total store sales for the first quarter that ended April 29, despite the negative impact of later-than-usual income-tax refunds.

City Talk: ‘Fee’ would burden downtown residents, workers, businesses

Mon, 05/22/2017 - 4:18pm

Savannah City Council is poised to consider a new “fee” that would add 25 cents to most sales tax eligible purchases over $10 in the busiest portions of downtown.

Bill Dawers

Port sees solid growth, bigger ship on schedule

Mon, 05/22/2017 - 11:49am

April was another recording setting month for the Georgia Ports Authority and officials expect the momentum to continue as the organization enters the last few weeks of the 2017 fiscal year.

During the 30 hours the COSCO Development was in dock at the Port of Savannah, six cranes moved more than 9,700 TEUs on and off the vessel. The length of four football fields and nearly 160 feet wide, the ship was the largest to ever call on the East Coast. (Georgia Port Authority / Stephen Morton)

Newsmakers

Sat, 05/20/2017 - 11:12pm

NEW HIRES/PROMOTIONS

Passenger numbers soar at Savannah airport as officials target Florida market

Sat, 05/20/2017 - 9:13pm

After posting record passenger statistics for 2016, the Savannah/Hilton Head International Airport is rewriting the record books so far in 2017.

CITY TALK: District 2 stakeholders share visions for city

Sat, 05/20/2017 - 9:11pm

Last Wednesday evening, about 100 Savannah residents participated in the District 2 meeting at the Savannah Civic Center to gather input for Savannah Forward, a strategic planning process that is one of the most important initiatives launched since the hiring of City Manager Rob Hernandez.

Prospect of NAFTA rewrite gives U.S. farmers a case of jitters

Sat, 05/20/2017 - 9:10pm

A sizable majority of rural Americans backed Donald Trump’s presidential bid, drawn to his calls to slash environmental rules, strengthen law enforcement and replace the federal health care law.