Originally created 05/25/04

Business briefs



Cup plant passes safety milestone

Solo Cup Co. recently went 365 days without an employee having to take time off or modify his work because of injury.

That's the first time since 1987 that the Wrightsboro Road plastic cup maker, formerly Sweetheart Cup, has gone so long without a "lost time" injury.

The industry average for similar manufacturers is 2.4 lost time injuries for every 100 full-time employees. Solo employs 220.

First Bank listed as a top company

First Bank of Georgia's parent company, Georgia-Carolina Bancshares Inc., announced Monday that it was listed No. 3 on The Atlanta Journal-Constitution's annual "Georgia's 100 Top Performing Companies" survey.

The bank also was No. 3 on last year's list and was the highest-ranking financial company on the list. Companies in the survey were ranked based on their performance in five categories, such as revenue and return on equity.

Crude prices hit all-time high

WASHINGTON - The price of oil reached a new high Monday, settling at $41.72 per barrel as traders shrugged off Saudi Arabia's latest pledge to boost production.

The combination of tight refining capacity in the United States, strong demand from China and fears that terrorist attacks could disrupt the global oil supply chain have given traders plenty of fodder to push prices higher.

Analysts believe fundamentals support prices in the low $30 range.

Ex-WorldCom head faces new charges

NEW YORK - Federal prosecutors brought new charges Monday against former WorldCom CEO Bernard Ebbers, accusing him of making false filings with the Securities and Exchange Commission.

A new indictment includes six counts - one count for each quarterly or annual report WorldCom filed from 2000 to 2002.

He already was facing federal fraud and conspiracy charges related to the country's largest bankruptcy.