Mac’s on Main is closing; cobblers to be sold at The Pig
Macs on Main will close its restaurant at 1710 Main St. after 15 years in business, but executive chef Barry “Fatback” Walker said his signature cobblers still will be sold in Piggly Wiggly grocery stores and other restaurants. Walker also will continue his catering business. The restaurant is being sold and on Oct. 1 will become a CW’s Grill, a barbecue restaurant with a location on Clemson Road. The new restaurant will continue to serve lunch and dinner and have music in the evenings, he said, as it caters to the lunchtime business crowd and the growing number of students who will be moving to a new student housing project along Main Street. Walker said he wanted to focus his efforts on his cobbler business, getting his line of seven flavors “in every freezer between South Carolina and Maine.” He plans to pursue accounts with other retailers.
Drip opening hand-crafted gelato shop Scoopy Doo in Five Points
Five Points is getting a little sweeter. The owner of Drip coffee shop plans to open a hand-crafted gelato, or Italian ice cream, shop adjacent to his Five Points location along Saluda Avenue. Sean McCrossin received approval Tuesday from the Columbia Board of Zoning Appeals for a parking variance in order to open the shop, which will serve frozen treats. He anticipates the shop, which he let his 8-year-old daughter name “Scoopy-Doo,” will be open by next spring. There will be a small retail space, which will sell products like T-shirts, mugs and coffee-brewing kits. The gelato shop will help Five Points retailers in many aspects, McCrossin said, such as attracting more families to the area.
Dow Jones making some swaps in stock barometer
The Dow Jones industrial average is swapping Bank of America for Goldman Sachs and also replacing Hewlett-Packard and Alcoa in a six-company shake up of the most widely known barometer of the U.S. stock market. S&P Dow Jones Indices says it will replace HP with Visa and Alcoa with sneaker maker Nike in the first three-for-three change to the index since April 8, 2004. The changes will become effective at the start of trading Sept. 23. S&P Dow Indices manages the average and says the changes won’t disrupt the level of the index. It says a push to diversify the sector and industry group representation of the index helped prompt the changes. The Dow is made up of 30 stocks. A small committee decides which companies are added or dropped.
Income gap between richest in U.S., rest of us grows
The income gap between the richest 1 percent and the rest of America last year reached the widest point since the Roaring Twenties. The top 1 percent of U.S. earners collected 19.3 percent of household income in 2012, their largest share since 1928. And the share held by the top 10 percent of earners last year reached a record 48.2 percent. U.S. income inequality has been growing for almost three decades.