Local & State
Judge halts bidding for tire plant
A judge has stopped the bidding for construction of the new Giti Tire plant in Chester County after a company left out of the process sued. The Herald of Rock Hill reported that Circuit Judge Brian Gibbons issued an order earlier this month halting the bidding process. Richardson Construction Co. of Columbia says it was unfairly excluded from submitting a bid on one of the largest economic development projects in Chester County in years. The case could delay the start of construction on the $560 million plant.
Nation & World
Kohl’s Christmas marathon
For those midnight dress cravings – and last-minute Christmas shopping – Kohl’s has your back. Kohl’s Department Stores said Tuesday that it will keep its stores open for more than 100 hours, from Dec. 19 through 6 p.m. Christmas Eve. Kohl’s said customers can buy products online and pick them up at the store, where it will reserve parking spaces for those customers. The chain has three store in the Midlands.
BMW shakes up its leadership
BMW shook up its top leadership Tuesday, saying that CEO Norbert Reithofer would leave his post to become chairman of the board as part of “generational change” at the head of the German luxury automaker. Reithofer is to be replaced by chief production executive Harald Krueger. Volkswagen announced it had poached top BMW executive Herbert Diess. BMW has a massive manufacturing plant in Greer.
Evictions get a holiday
In what’s become yearly tradition, Fannie Mae and Freddie Mac said Tuesday they will suspend evictions at foreclosed single-family properties during the holiday season. People will be allowed to stay in foreclosed properties, including houses and condos, from Dec. 17 through Jan. 2. But both companies said legal and administrative proceedings for evictions may continue during that period.
Billions paid in illegal child tax credits
The IRS paid at least $6 billion in child tax credits in 2013 to people who weren’t eligible to receive them, a government investigator said Tuesday. For years the IRS has said the risk is low for improper payments related to the child tax credit. The report says that assessment is incorrect. In a statement, the IRS said it “continues to aggressively explore new ways to detect and stop potentially fraudulent claims while maximizing the use of limited compliance resources.”
Companies admit overcharging military
Several foreign companies have pleaded guilty to fraud and conspiracy for overcharging the U.S. military in connection with a contract to provide food and water to troops in Afghanistan, authorities said Monday. The case involves Supreme Group B.V., a privately held Dutch corporation, and two subsidiaries. The companies agreed to pay $288 million in fines and restitution, plus $101 million to resolve a whistleblower suit. The company said it has put new senior management and controls in place.