Originally created 02/26/03

Business briefs



AROUND TOWN

Business advisers move into new office

The local branch of the Service Corps of Retired Executives, a nonprofit association developed by the Small Business Administration to help give guidance to small-business owners, will move to a new location today.

The office, which was at Georgia Military College, will be at the Augusta-Richmond County Small Business Incubator, 3140 Augusta Tech Drive.

From 9 a.m. to noon Monday through Thursday, retired professionals help inexperienced entrepreneurs work through the opening and startup period of a business. To receive the free help or to volunteer, call 793-9998.

BRIEFLY

Home Depot sees quarter's profits fall

ATLANTA - The Home Depot said Tuesday its profit slipped 3.4 percent in the fourth quarter and cautioned that sales may be flat this year. The latest earnings results still beat Wall Street expectations.

The nation's largest home improvement store chain also announced that it will give earnings guidance only on an annual basis.

It earned $686 million, or 30 cents a share, in the three months ending Feb. 2, compared to a profit of $710 million, or 30 cents a share, for the same period a year ago.

CSX announces Jacksonville transfer

RICHMOND, Va. - CSX Corp. confirmed Tuesday that it will move its corporate headquarters from Richmond to Jacksonville, Fla.

The move, expected to be completed by early May, had been widely expected after the appointment in December of former CSX Chairman John W. Snow as U.S. secretary of the Treasury. Mr. Snow's successor, Michael J. Ward, was president of Jacksonville-based CSX Transportation - CSX's largest operating division - before he was named president of the parent company.