Local Business News

Ed Jenson
July 19, 2017 - 2:30 pm
Kloeckner Metals, one of the largest producer-independent distributors of steel and metal products, is expanding its existing Greenville County operations. To accommodate its continued growth, the company is planning to invest $11.3 million and create 19 jobs. Headquartered in Roswell, Ga.,...
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Roger Davis
June 23, 2017 - 1:47 pm
The Federal Communications Commission is proposing a $120 million fine -- the largest in its history -- for a phone-scam allegedly set up by Miami resident Adrian Abramovich to trick consumers into buying vacation packages that were not what they had expected. Callers who appeared to be dialing...
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Roger Davis
June 21, 2017 - 1:59 pm
Travis Kalanick's combative personality created the culture that let Uber grow from startup to behemoth in just eight years. But under his direction the ride-hailing company had trouble growing up, leading to his downfall. Kalanick, 40, stepped down late Tuesday, saying in a statement that his...
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Roger Davis
June 18, 2017 - 9:49 pm
May housing starts came in at 1,092,000, well below consensus estimates of 1.21 million and down 2.4% year over year. We have been optimistic about the market’s slow and steady recovery based upon consistent year-over-year improvement, so we will need to watch carefully if this is a one-time...
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June 16, 2017 - 9:39 pm
The Greenville Area Development Corporation (GADC) issued the following press release Friday regarding the expansion of Softbox Systems. Greenville, S.C. - June 16, 2017 - Softbox Systems, an international temperature-control packaging provider, today announced it is expanding its Greenville County...
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File Photo
June 16, 2017 - 10:38 am
Columbia, SC -- South Carolina's jobless rate fell again slightly last month, though fewer people are working. The Department of Employment and Workforce said Friday that South Carolina's unemployment rate was 4.1 percent in May, a 0.2-percentage-point drop from April. The state's jobless rate has...
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Roger Davis
June 15, 2017 - 2:13 pm
Auto industry watchers are frowning at the amount of "upside-down" car financing they're seeing lately. Autoweek reports that in the first quarter of this year, the percentage of trade-ins on new-vehicle sales that had negative equity reached a record 32.8 percent. The average amount of negative...
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FDA
June 11, 2017 - 5:35 pm
United Pet Group, a division of Spectrum Brands, Inc. is voluntarily recalling multiple brands of packages of rawhide dog chew products that were distributed to retail outlets and sold online in the U.S. The recall involves the brands and products described below. The recall was initiated after...
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Roger Davis
June 07, 2017 - 2:30 pm
"Business Insider" reports the Kmart store at Seneca will be one of 72 locations going dark around the country this Fall. The new list of 16 Kmarts, 49 Sears stores and seven Sears Auto Centers, which is currently being cirulated only within the company, is in addition to the 180 Sears and Kmart...
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Roger Davis
June 07, 2017 - 1:47 pm
Nearly 350 jobs will disappear when an Anderson County plant closes next year. AFCO -- Associated Fuel Pump Systems Corporation -- is a partnershop of Bosch and next-door neighbor DENSO. A Bosch spokesperson says fuel pump manufacturing will relocate to a Bosch plant in Brazil and a DENSO operation...
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