Local & State
Fort Mill getting 200 furniture jobs
A North Carolina-based home furnishings retailer is consolidating its corporate headquarters and distribution center from Charlotte to Fort Mill.
Broad River Furniture, the largest licensee of Ashley Furniture HomeStore in the Carolinas and Georgia, in about November will move into a 174,000-square-foot building at Lakemont Business Park, Gov. Nikki Haley’s office announced Tuesday.
The retailer’s $12.6 million investment is expected to bring with it 200 jobs to the I-77 corridor in York County, the announcement said.
Broad River Furniture employs 500 full-time workers in the three states where it operates, the governor’s office said.
Some SC tax refunds move from online to mailboxes
The S.C. Revenue Department is mailing some income tax refund checks this year rather than using direct deposit in an attempt to cut down on fraud.
Agency officials said Monday they are sending paper refund checks in some cases because of an increase in fraud nationally, The Greenville News reported.
The Revenue Department said fraudulent tax returns in South Carolina have more than doubled from the same time last year. But the agency would not say how many fraudulent tax returns have been filed.
Director Rick Reames said the agency’s systems have not been compromised.
Nation & World
Excess of crude could drive down gas prices
The U.S. has so much crude that it is running out of places to put it, and that could drive oil and gasoline prices even lower in the coming months.
For the past seven weeks, the United States has been producing and importing an average of 1 million more barrels of oil every day than it is consuming. That extra crude is flowing into storage tanks, especially at the country’s main trading hub in Cushing, Oklahoma, pushing U.S. supplies to their highest point in at least 80 years, the Energy Department reported.
If this keeps up, storage tanks could approach their operational limits, known in the industry as “tank tops,” by mid-April and send the price of crude — and probably gasoline, too — plummeting.
NBC Universal is in talks to bring back Andrew Lack to its troubled news operation, which would be the first high-level shake-up following several rough months culminating in the six-month suspension of “Nightly News” anchor Brian Williams for misleading viewers about his experiences covering the Iraq War. Lack is a veteran executive who ran NBC’s news division from 1993 to 2001.
Freezing temperatures and drifts of snow took a small bite out of U.S. auto sales in February, but most automakers still reported gains thanks to the strong economy. Toyota led major automakers with a 13.3 percent gain over last February.