Posner Completes Graniteville Takeover
The Graniteville Company merged with Victor Posner’s Southeastern Public Service Company after a 1982 campaign beginning January 5 with a $11 per share purchase for 206000 Graniteville shares. Posner increased holdings, forced executives to accept a golden parachute, and closed the Warren Division costing 500 jobs as talks of a buyout continued. Southeastern stock remains publicly traded while Graniteville ceases to be listed.
MENTIONED IN THIS ARTICLE
Miami
Graniteville Company
Victor Posner
Southeastern Public Service Company
Posner
New York Stock Exchange
Southeastern
Exchange
Graniteville
Aiken County
R.P. Timmerman
Company
Warren
Timmerman
South Carolina June unemployment hits four-year low 6.7 percent
The state reports a 6.7 percent jobless rate for June, down 0.4 points from May and the first sub 7 percent reading since May 1980. Aiken County shows 7.6 percent, with officials predicting further declines into July and a year end range of 6 to 7 percent.
MENTIONED IN THIS ARTICLE
Columbia
South Carolina
Robert E
Jack” David
State Employment Security Commission
Aiken County
David
Genetic mutations identified for beta thalassemia diagnosis
Researchers identify about 30 mutations linked to beta thalassemia, enabling prenatal diagnosis via amniocentesis. The inherited disease can require monthly transfusions and can be fatal by age 25. symptoms include jaundice and enlarged spleens.
MENTIONED IN THIS ARTICLE
Bar Harbor
Maine
Cooley
Antonarakis
Jackson Laboratory
Boston visitor finds Aiken too small for her view
Dana Kirby visiting Art and Myrtle Jones in Aiken commented that the town felt distinct. A quip about getting lost highlighted a traveler’s perception of local scale. An apparent mishap during yesterday’s Cancer Society Jail-A-Thon ended with an officer locked out of his patrol car after arresting a Beecham Products manager.
MENTIONED IN THIS ARTICLE
Boston
Aiken
Dana Kirby
Art
Myrtle Jones
Cancer Society
Beecham Products
Satellite Dish Appeals Denied For 2 In City
The Aiken Zoning Board of Adjustments denied two requests for variances to keep satellite antenna dishes in front yards. Owners Larry Lowe and Roy Cole sought front yard placements but the council had defined dishes as auxiliary structures and prohibited them there. The board’s three members rejected the petitions. appeals proceed to enforcement actions if noncompliance occurs.
MENTIONED IN THIS ARTICLE
Aiken
Larry Lowe
Morton St
Roy Cole
Byrnes Road
C.T. Coleman
Nancy Wilds
George Anderson
Henry Summerall
Summerall
Federal Communications Commission
Georgia Supreme Court
State House May Be Emitting Radon Gas
Health officials monitor the granite State House in Columbia for radon emissions after a request from a governor aide. Two basement monitors started tests with results due in three to four months, with EPA analysis at no cost to the state.
MENTIONED IN THIS ARTICLE
State House
Columbia
David Reid
State Department of Health and Environmental Control
DHEC
Heyward Shealy
Bureau of Radiological Health
Department of Health and Environmental Control
William C. Reinig
The
du Pont Company
National Council On Radiation Protection
Shealy
Reid
Federal Environmental Protection Agency
Radiation Laboratory
Montgomery
Ala
EPA
Penthouse surge as Miss America issue sells fast
A Capitol News stand clerk in Columbia says Penthouse featuring Miss America sold rapidly. he notes 320 copies arrived Friday and all sold by Friday evening. He adds women customers rose to 30 to 35 percent and compares demand to Rita Jenrette Playboy sales.
MENTIONED IN THIS ARTICLE
Penthouse
Venessa Williams
Dennis Holland
Capitol
Columbia
Holland
Playboy
Rita Jenrette
Ms. Jenrette
John Jenrette
Woodruff’s
Aiken
Also Mentioned on This Page
By Thurmond Whatley
S.C
H.O. Weeks
Usc-Aiken
Robert Alexander
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