Local & State
Bank of America to shed 69 Columbia workers
Nearly 70 Bank of America employees in Columbia will lose their jobs in January, the bank confirmed Friday. A bank spokesman said the affected workers were notified in March. Spokesman Mark Pipitone said the 68 layoffs were part of an effort to streamline operations. The move will not impact customers or clients, he said. The bank will work with those being laid off to help them find other employment opportunities, he said.
Precision’s Marion County operation to expand
There is some good economic news for Marion County, which has South Carolina’s highest unemployment rate. Precision Southeast, Inc. announced Friday it is investing almost $17 million to expand its operations in the county. The investment is expected to create 140 new jobs during the next five years. The company makes molded plastic parts for everything from sporting goods and automobiles to power tools. Hiring will start in March.
Myrtle Beach No. 2 in travel searches
Myrtle Beach was one of the most searched U.S. travel destinations on Yahoo this year, wedged in the No. 2 spot between top searched Las Vegas and New Orleans. It’s the same spot Myrtle Beach had in Yahoo’s year-end list last year. For Myrtle Beach to beat out destinations such as New Orleans and San Francisco, Calif., “it is really huge,” said Laura Begley Bloom, Yahoo Travel’s executive editor. Bloom said Myrtle Beach ranks so high because of its affordability, family appeal and variety of offerings.
Myrtle Beach board likes toned-down park plans
A plan for a go-kart/arcade amusement park at the south end of Restaurant Row went from a review of beyond tacky in its November appearance before the Myrtle Beach Community Appearance Board to “understated nostalgia” in its redo Thursday, said Larry Bragg, the board’s chairman. The plan, which did not address specifics of signage and lighting, received the board’s unanimous approval, meaning The Track of Pigeon Forge, Tenn., can begin work at the site of the Myrtle Beach Shrine Club.
Nation & World
Burger King merger nears completion
Burger King and Canadian doughnut shop chain Tim Hortons expect to complete their $11 billion tie-up on Dec. 12, following a shareholder vote early next week. Tim Hortons Inc. shareholders are scheduled to cast their ballots Dec. 9 at a special meeting. The company’s board has unanimously recommended that they vote for the deal. The companies announced on Thursday that the Canadian government approved the deal, which already has the blessing of U.S. regulators.
JPMorgan’s Dimon cancer-free
JPMorgan CEO Jamie Dimon told the bank’s staff Friday that he is clear of cancer. The executive, who steered the bank through the perils of the Great Recession, said in July that he was battling throat cancer. He continued to work throughout his treatment, though with a reduced schedule. A series of test conducted after the completion of his treatment showed “no evidence of cancer,” Dimon said in an e-mail sent to staff.
Trump Taj Mahal delays closing
The owners of Atlantic City’s Trump Taj Mahal are pushing back the casino’s scheduled closing date. Trump Entertainment Resorts tells The Associated Press it decided to move the closing date back eight days to Dec. 20 while talks continue to try to save the casino and its 3,000 jobs. It says it is engaged in a “last-ditch” effort to remain open. The company had planned to close the Taj on Dec. 12.