SC business notebook, Nov 7

November 6, 2013 

Starbucks to focus on hiring vets

Starbucks says it plans to hire at least 10,000 veterans and military spouses over the next five years. The Seattle-based coffee company says it will develop a system dedicated to matching the skills of veterans and military spouses with jobs throughout its organization. Starbucks says it has nearly 200,000 employees worldwide. Several companies in recent years have committed to hiring veterans or military spouses. Earlier this year, for example, Wal-Mart Stores Inc. said it planned to hire more than 100,000 veterans over the next five years. Starbucks Corp., which has about 20,000 locations around the world, also says it will designate five cafes in military communities where a portion of each transaction is donated to Operations GoodJobs and Vested in Vets.

The Google Barge? Really?

Internet giant Google says it is exploring using a large barge as an interactive learning center. A statement released Wednesday from Google’s press center may help end weeks of speculation about the purpose of structures on two barges, one being built in the San Francisco Bay, another off Portland, Maine. The press statement reads: “Google Barge … A floating data center? A wild party boat? A barge housing the last remaining dinosaur? Sadly, none of the above.” Google says “although it’s still early days and things may change,” the company is exploring using the barge as an interactive space where people can learn about new technology.

Wells Fargo to pay $335 million in settlement

Wells Fargo & Co. will pay $335 million to resolve claims that it allegedly misled Fannie Mae and Freddie Mac about risky mortgage securities that it sold them prior to the housing collapse. The San Francisco-based bank disclosed in a regulatory filing Wednesday that it settled the claims with Fannie Mae in its first quarter and Freddie Mac in its third quarter. According to the filing, the settlement with the organizations, which fall under the Federal Housing Finance Agency, totaled approximately $335 million.

Postal Service to deliver more packages this holiday season

The post office says it’ll deliver nearly 15 billion pieces of mail and 420 million packages during the holiday season. The U.S. Postal Service said Wednesday that it expects letters to decline slightly while package deliveries between Thanksgiving and Dec. 31 will rise 12 percent over last year. The post office expects the busiest mailing day to be Monday, Dec. 16, and the busiest day for packages to be Thursday, Dec. 19.

The Associated Press contributed.

The State is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service