SC business notebook, March 20

03/19/2014 10:50 PM

03/19/2014 10:51 PM

Cable manufacturer bringing 200 jobs; peanut processor to hire 55

The state Commerce Department says an international high voltage cable manufacturing firm and a Virginia peanut processor are putting new facilities in Berkeley and Darlington counties. Commerce spokeswoman Alison Skipper said Wednesday that Nexans High Voltage USA is investing $85 million in Berkeley County. The facility near Charleston and the Cooper River will employ 200 people and will produce high voltage underground cables. Production is to begin in July. Birdsong Corp. of Virginia announced it is investing $47 million in a new plant in Darlington County. The plant will create 55 jobs when it opens in September.

Palmetto Health Baptist Parkridge treated its first patients

Palmetto Health Baptist Parkridge, a new 76-bed hospital in the Irmo area, treated its first patients Wednesday. The new hospital gained final approval from state health officials on Tuesday. The hospital has medical and surgical in-patient rooms, six operating rooms, an intensive care unit along services such as labs, imaging and pharmacy. A medical spa is scheduled to open in the summer.

Fed expects U.S. economy to grow at steady, modest pace

Federal Reserve officials expect the U.S. economy to grow at a steady if modest pace in 2014 despite weather-related setbacks this winter. The Fed forecasts growth of 2.8 percent to 3 percent this year, a bit lower than its December projection of between 2.8 percent and 3.2 percent. The forecast suggests that Fed policymakers will continue to pare their monthly bond purchases, which are intended to stimulate growth by keeping interest rates low. The Fed’s first policymaking meeting under new Chair Janet Yellen ended Wednesday. The Fed expects unemployment to fall further this year than it thought in December. It forecasts that the unemployment rate will drop to 6.1 percent to 6.3 percent by the end of this year, down from its December projection of 6.3 percent to 6.6 percent.

Missing 2010 IRS refund? April 15 is deadline to claim it

If you didn’t file a tax return for 2010, the Internal Revenue Service says it might have a refund waiting for you. The deadline to claim it is April 15, and you have to file a 2010 return to get the money. The IRS said Wednesday it has $760 million in refunds owed to people who did not file returns for 2010. Some people weren’t required to file returns because they made too little money, but had income taxes withheld from their pay by employers. Taxpayers have three years to claim refunds. There’s no penalty for filing a late return that qualifies for a refund. Unclaimed refunds become property of the Treasury.

Oprah Chai Tea coming next month to Starbucks

Beginning April 29, customers will be able to walk into Starbucks and Teavana stores across the United States and Canada and order Teavana Oprah Chai Tea, CEO Howard Schultz said at a shareholders meeting Wednesday. Starbucks will make a donation to the Oprah Winfrey Leadership Academy Foundation for each product sold. Schultz also told shareholders the coffee company is still in the early stages of growth and has a long-term target of doubling its market cap to $100 billion.

Joey Holleman and The Associated Press contributed.

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