SC business notebook, April 10

04/10/2014 12:00 AM

04/09/2014 9:11 PM

Industrial packaging company plans to add up to 130 jobs

A manufacturer and distributor of industrial packaging is expanding and revamping a warehouse in Lexington County and plans to add up to 130 new jobs. South Carolina Commerce Secretary Bobby Hitt said Wednesday the firm Signode is making a $15 million investment to produce a new product line at the site in Chapin. Signode makes steel and plastic strapping, which is used to secure products such as cotton bales, newspapers, steel coils and corrugated cartons. The firm is part of the international firm Premark Packaging LLC. The Commerce Department said in its release the firm will begin hiring for positions with specific technical skills and expects to fill about 63 full-time jobs in its first phase of employment. Apply at

Bank of America pays $772 million in fines, refunds

Bank of America Corp., based in Charlotte, is paying $772 million in fines and refunds to settle regulators’ accusations that it misled customers who bought extra credit-card products and illegally charged others for credit monitoring and reporting services they didn’t receive. The Consumer Financial Protection Bureau and the U.S. Office of the Comptroller of the Currency announced the agreement Wednesday with the second-largest U.S. bank. It is the largest settlement over credit card “add-ons” won by federal regulators, who have been examining the marketing of the products by the financial industry for several years. It also marked the biggest refund amount ordered to date by the CFPB, a consumer watchdog agency created by Congress in the wake of the 2008 financial crisis. The regulators said about 2.9 million customers were affected in the Bank of America case.

Twitter is getting a makeover

As Twitter looks to broaden its appeal beyond its 241 million users, the company is introducing a redesign of profile pages that includes bigger photos, more user controls and a distinct resemblance to Facebook. As part of changes coming in the next few weeks, users who access Twitter via the Web will notice larger photos on their profile pages. Besides profile photos on the left corner of the page, the redesign includes a large banner photo that resembles the big rectangular cover photos on Facebook pages. Users will be able to “pin” one of their tweets to the top of the page to give others an idea of the topics they like to tweet about. The more visual look is an attempt to attract people who may be intimidated by Twitter’s onslaught of text filled with quirky acronyms, at-symbols and hashtags.

The Associated Press contributed.

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