The ousted CEO and chairman of the board has filed suit against the remaining Medient Studios board members, and the Securities and Exchange Commission has suspended trading in Medient's stock until July 9.
ATLANTA - The Georgia Department of Labor announced Thursday that the unemployment rate in the Coastal Georgia region increased to 7.5 percent in May, up eight-tenths of a percentage point from 6.7 percent in April. The rate was 8.1 percent in May a year ago.
A supplemental project agreement between the Effingham Industrial Development Authority and a film studio planning to build a massive production facility in Effingham is on hold, as the studio reorganizes its leadership.
ATLANTA - The Georgia Department of Labor announced Thursday that Georgia's seasonally adjusted unemployment rate for May was 7.2 percent, up three-tenths of a percentage point from a revised 6.9 percent in April. The preliminary rate for April was 7.0 percent, but it was revised down one-tenth of a percentage point. The rate in May of last year was 8.4 percent.
HeritageBank of the South has launched HBOS Mobile Check Deposit, a convenient new service allowing eligible customers to deposit checks directly into their HeritageBank of the South account using a smartphone or iPad.
SAVANNAH - Armstrong Atlantic State University's latest Coastal Empire Economic Monitor reports the Savannah-area economy expanded rapidly during the first quarter of 2014 and should continue to experience strong growth throughout the year.