SC business notebook, Jan 29

January 28, 2014 

Wall Street

Trader Michael Zicchinolfi works on the floor of the New York Stock Exchange Tuesday, Jan. 28, 2014. Stocks are higher in early trading on Wall Street as the stock market turns positive after three days of losses. (AP Photo/Richard Drew)


CeramTec expanding Laurens plant, to create 40 new jobs

CeramTec North America Corp. said Tuesday it will expand its Laurens County facility. The $13.2 million investment is expected to create 40 new jobs. The expansion includes a new clean room for making tube core aerosol generators, which will be used to deliver an antibiotic through inhalation for pneumonia patients, according to a press release from Gov. Nikki Haley’s office. The first of four product lines is expected to be completed by December.

U.S. stocks rise for first time in 4 days as jitters ease

Investors’ jitters over emerging markets faded on Tuesday and U.S. stocks rose for the first time in four days. Global stock markets stabilized after three turbulent days when investors grew worried about growth in China and other developing economies. The sell-off began last Thursday, when a survey for January showed that Chinese manufacturing was set to contract, dragging down stocks in Asia, Europe and the U.S. The slide continued on Friday as currencies in countries including Argentina and Turkey slumped. On Monday, Asian markets dropped, although the selling on Wall Street eased. By Tuesday, though, global markets regained their calm. In the U.S., earnings gains from big companies, including Pfizer, Comcast and D.R. Horton helped lift stock indexes. One area of disappointment was Apple, whose weak revenue forecast pushed its stock to the biggest one-day loss in a year. The Standard & Poor’s 500 index rose 10.94 points to 1,792.50. The Dow Jones industrial average gained 90.68 points to 15,928.56. The Nasdaq composite climbed 14.35 points to 4,097.96.

FDA: Aleve may be safer on heart than other anti-inflammatory drugs

Federal health officials say the pain reliever in Aleve may be safer on the heart than other popular anti-inflammatory drugs taken by millions of Americans. A Food and Drug Administration review posted online Tuesday said naproxen – the key ingredient in Aleve and dozens of other generic pain pills – may have a lower risk of heart attack and stroke than rival medications like ibuprofen, sold as Advil and Motrin. FDA staffers recommend relabeling naproxen to emphasize safety.

New P&G toothpaste line includes nontraditional flavors including chocolate mint

Mint chocolate toothpaste? Procter & Gamble said Tuesday it is launching a line of Crest toothpastes called “Be” featuring nontraditional flavors including Mint Chocolate Trek, Vanilla Mint Spark and Lime Spearmint Zest. The new line comes as Procter & Gamble turns toward new product innovation to spur growth in developed markets like the U.S. The world’s largest consumer products maker, which makes products ranging from Tide detergent to Gillette Razors, said Friday its net income fell 16 percent as it faced a tough comparison with last year’s results. The toothpaste line will be available in February for $4.99.

The Associated Press contributed.

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