Local & State
Grand Strand job growth among fastest in nation
The rate of job growth along South Carolina’s Grand Strand has been one of the fastest in the nation during recent months. The (Myrtle Beach) Sun News reports that, according to the U.S. Bureau of Labor Statistics, the Myrtle Beach Metropolitan Area had the sixth highest rate of job growth nationally between August 2013 a nd August of this year. The bureau reports that 5,500 new jobs have been created, many in the tourism industry.
Lowcountry Housing development to be built around working farm
A new Lowcountry development will be built around a working farm. The Beaufort Gazette reports that construction on the Cane Bay development could begin next spring. The site is a 220-acre plot of land in Beaufort that has been a farm in the past. The plans call for 330 residences as well as commercial space. The project will also feature a 35-acre working farm in the middle of the community, with most of the land being leased to a farmer.
Nation & World
Internet privacy firm to pay $200,000 fine for failing to check standards of websites, apps
Federal regulators said a respected Internet privacy company gave its seal of approval to commercial websites and mobile apps but failed to check whether they were indeed meeting standards for safeguarding customers’ data. The company known as TRUSTe agreed to a legal settlement without admitting wrongdoing and will pay $200,000 to the FTC and file detailed reports on some of its practices in the future.
Honda offering to replace potentially defective airbags
Honda is quietly offering to replace potentially defective airbag parts across the U.S., even though its latest recall only covers cars in 13 high-humidity states and territories. The replacement program for owners concerned about their safety was revealed in documents posted recently by U.S. safety regulators. Customers outside the recall areas won’t be notified.
Madoff trustee says half-billion dollar settlement reached with funds
The New York trustee recovering money for thousands of investors says a half-billion-dollar settlement has been reached with two financial funds that invested with Ponzi schemer Bernard Madoff. Trustee Irving Picard said Tuesday in a U.S. Bankruptcy Court filing that he’s recouped a total of $10.3 billion since the fraud was revealed in December 2008.
• The National Automobile Dealers Association predicts U.S. sales of new cars and trucks will hit a 10-year high of 16.94 million in 2015.
• In a deal that shows just how quickly falling prices can upend the energy industry, Halliburton is buying rival oilfield services company Baker Hughes for cash and stock worth $34.6 billion.
• Reynolds American said Monday that it will begin selling Revo – a cigarette that uses a carbon tip that heats tobacco after being lit – in Wisconsin in February 2015.
The Associated Press contributed.