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Business

  • Lake City parent's quarterly earnings up 22%
    Lakeland Financial Corp. today reported record second-quarter earnings of $11.3 million, or 68 cents per diluted common share, a 22 percent increase from the $9.2 million, or 56 cents a share, posted for the same three months of 2013.
  • NCI Fort Wayne workers eligible for federal assistance
    Former employees of NCI Fort Wayne LLC, a subsidiary of Nyloncraft Inc., are certified to receive federal benefits through the Trade Adjustment Assistance program, state officials announced today.
  • Column: Cattle stampede higher
    Cattle futures shot into all-time highs again this week, reaching $1.58 per pound on Thursday.
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Associated Press
A Rolls-Royce Wraith is unveiled Monday during the inauguration of the luxury-car company’s official dealership in Phnom Penh, Cambodia. A Rolls-Royce showroom will open next month.

Rolls-Royce set to sell in Cambodia

Fabled luxury car maker Rolls-Royce Motor Cars announced Monday it will soon be marketing its goods in Cambodia, one of the world’s poorest countries.

The company has joined with a Cambodian business partner to open a showroom in the Cambodian capital, Phnom Penh, next month.

Cambodia’s average per capita annual income, according to the World Bank, is just over $1,000, a bit less than one-half of 1 percent of the cost of the cheapest Rolls-Royce. A small but wealthy elite lives in the capital of the mostly rural nation.

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