Local & State
Kiswire begins phase 2 of Newberry expansion
Kiswire Inc. said Monday it will start the second phase of its Newberry County expansion, which involves a $30 million investment and is expected to create 45 jobs. The company makes steel cord and bead wire for the tire industry. Hiring will begin in the spring. For jobs, see www.kiswire.com.
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Moore offered top job at Myrtle Beach Regional Economic Development Corp.
The executive committee of the Myrtle Beach Regional Economic Development Corp. voted unanimously Monday morning to offer the organization’s chief executive officer job to Jim Moore, director of business development at the North Eastern Strategic Alliance. Moore’s final salary and other salary items will be negotiated between him and the EDC executive committee.
Nation & World
Honda: 1,700 injury, death claims weren’t reported
Honda is admitting that it failed to report more than 1,700 injury and death claims about its vehicles to U.S. safety regulators, a violation of federal law. The Japanese automaker, in statements issued Monday, also said it became aware of the omissions in 2011, yet it took about three years to take action. Honda has recalled more than 5 million vehicles in the U.S. since 2008 to fix a potentially fatal defect in air bags made by Japanese auto supplier Takata.
Redbox rentals rising to $1.50 and $2 per day
Redbox is raising its DVD rental prices by 25 percent beginning next week in an effort to wring more revenue from the shrinking audience that still watches movies on discs instead of Internet video services such as Netflix. The increase announced Monday means the price to check out a DVD will climb from $1.20 per day to $1.50 effective Dec. 2. Blu-Ray rental rates will rise to $2 from $1.50 per day. Video games will rise to $3 from $2.
‘Regin’ malware identified
Cyber-security researchers say they’ve identified a highly sophisticated computer hacking program that’s been used for several years to spy on banks, telecommunications companies and government agencies around the world. While the source of the “Regin” malware is unconfirmed, experts say it was likely created by the government of some as-yet unidentified country.
Stock market reaches another record close Monday
The stock market eked out another record close Monday as investors remained confident that stimulus from central banks would revive global growth. Retail stocks rose ahead of the crucial holiday season. Stocks have surged following a slump that lasted from mid-September to mid-October. The rally has been driven by optimism that central banks in Europe, China and Japan will invigorate economic growth outside the U.S.
U.S. Steel building new world headquarters in Pittsburgh
United States Steel Corp. announced Monday it will build by September 2017 its new world headquarters in Pittsburgh as part of the ongoing redevelopment of the former Civic Arena site by the NHL’s Penguins.
The (Myrtle Beach) Sun News and The Associated Press contributed.