Local & State
BMW’s profits push double digits
Luxury automaker BMW AG says record sales in 2014 helped it post a solid 9.2 percent increase in full-year profit.
The Munich-based maker of the 3-Series sedan and the X5 sport-utility vehicle saw net profits rise to $6.2 billion, with strong demand from China, Britain and the U.S. boosting earnings.
BMW’s 4-Series model saw sales jump eightfold while the X5, made in Spartanburg, S.C., increased sales by 37 percent. Overall, the company sold 1.81 billion BMW-branded cars, which helped revenues rise 5.7 percent to the record 80.40 billion euros.
Columbia summit to address health care for vets
Concerned Veterans for America will be hosting a Fixing Veterans Health Care Summit in Columbia on Monday.
The purpose of the Fixing Veterans Health Care Summit, at 5:30 p.m. at the Hilton in the Vista, is to discuss the Veterans Independence Act.
In addition to the speakers, an abridged video of the CVA’s Fixing Veterans Health Care Summit in Washington, D.C., will be screened at the event.
Walmart CEO a panelist on business ethics
The president and CEO of Walmart visited South Carolina to speak at a symposium at The Citadel in Charleston.
Doug McMillon was a panelist for a seminar on ethics in business. The event is part of The Citadel’s Principled Leadership Symposium that continues through Friday at the state military college.
McMillon is the head of an international company that has 1.4 million employees in the United States alone.
Nation & World
Uber buys mapping company
Uber Technologies is buying digital mapping specialist deCarta in a deal that may help the rapidly growing ride-hailing service lessen its dependence on navigation services from Google and Apple, an imposing pair of potential rivals.
The deCarta deal comes a month after an unconfirmed report that Google Inc. is planning a rival ride-hailing service that would draw upon the driverless cars that the company has been building and testing for the past few years. Uber fueled further speculation about a looming battle with Google by forging a partnership with Carnegie Mellon University to work on its own driverless cars.
• The egg industry is ordering up a side of Kevin Bacon. The American Egg Board says it plans to launch a print and online ad campaign this week featuring the “Footloose” actor and puns using his last name. The group says it’s the first time it’s using a Hollywood celebrity in a major marketing push.
Staff and Wire Reports.