May 15, 2014

SC business notebook, May 15

Electrolux investing $30 million in Anderson refrigerator plant; Netflix share of fixed-line Internet traffic grows; The New York Times replaces executive editor

Electrolux investing $30 million in Anderson refrigerator plant

Electrolux will invest $30 million during the next two years in its Anderson refrigerator-making plant to aid advanced capability and capacity. The 1,900-employee plant makes top-freezer refrigerators and under-the-counter models. The company, with North American headquarters in Charlotte, made no mention of any new employees as a result of the investment. The new money is in addition to the more than $30 million the company has invested in the 810,000-square-foot facility since 2011, which included a refrigeration research and development center. The home appliance plant produces one out of every two top-freezer refrigerators shipped in North America. Electrolux’s brands include Electrolux, AEG, Zanussi, Frigidaire and Electrolux Grand Cuisine. The Group sells more than 50 million products every year.

Netflix share of fixed-line Internet traffic grows

Netflix increased its share of fixed-line Internet traffic in North America in the first half of 2014, accounting for 34 percent of data flowing to consumers during peak times, up from 32 percent in the latter half of 2013. That’s according to a new report from Sandvine Inc., a Canadian networking services company. Sandvine also found that file-sharing – the main tool of content piracy – had fallen to 8.3 percent of all daily network traffic, compared to 31 percent in 2008, as legitimate options flourished. Sandvine for the first time identified Internet users who are likely “cord cutters,” or those likely to drop traditional pay TV. They were the top 15 percent heaviest users of streaming audio and video. The group accounted for 54 percent of all Internet traffic, consuming on average 212 gigabytes of data per month. That would be roughly equivalent to watching 100 hours of video per month, Sandvine said. Meanwhile, the bottom 15 percent of streamers accounted for less than 1 percent of all traffic, averaging under 5 GB of data per month and streaming entertainment less than 1 hour a month.

The New York Times replaces executive editor

The New York Times on Wednesday announced that executive editor Jill Abramson is being replaced by managing editor Dean Baquet after 21/2 years on the job. The company didn’t give a reason for the change. Abramson and Baquet had both been in their current positions since September 2011. Baquet, who would be the first African-American to hold the newspaper’s highest editorial position, received a Pulitzer Prize for investigative reporting in 1988. Baquet, 57, has worked for the Times since 2007. Abramson, 60, was the paper’s first female executive editor. She joined the newspaper in 1997 after working for nearly a decade at The Wall Street Journal.

The Associated Press contributed.

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