Local & State
Mullins food company expanding
A processed foods company in Mullins is investing $4.5 million to expand its headquarters and add a “fitment pouch line” that will bring 56 new jobs to the Pee Dee region.
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Tennessee-based SOPAKCO has begun hiring for the plant expansion that will make a variety of food and snacks. Neither the company or the S.C. Commerce Department could be reached to explain what a “fitment pouch line” is.
The expansion is the company’s second announcement within a year. In June, SOPAKCO said it was investing $4.3 million at the Mullins plant, which the company said would create 120 jobs, the state Commerce Department said in a news release.
Part of the package for the latest investment is a $200,000 grant from the state to help with improvements related to the project, Commerce said.
Nation & World
Amazon moving to JetBlue
Amazon wants to give JetBlue passengers a new option for tuning out that crying baby or talkative seat neighbor.
The e-commerce company will let members of Amazon’s $99 annual loyalty program Prime stream its instant video service for free on their Wi-Fi enabled devices via JetBlue’s inflight Wi-Fi service. JetBlue is the only U.S. airline to offer free Wi-Fi on its planes.
Macy’s going to discount stores
NEW YORK The outlet wars are heating up.
Macy’s Inc. has named its new discount stores Macy’s Backstage, and says the first four test stores will open this fall in New York City and the surrounding area.
The details, announced Tuesday, come four months after the department store chain announced it was exploring an “off-price” retailing business, throwing down the gauntlet with the likes of T.J. Maxx, Ross and a Nordstrom Rack.
This would mark the first off-price business for the Macy’s brand.
▪ There has been a delay in building a new oceanfront hotel tower in Myrtle Beach. Construction on Homewood Suites Oceanfront Resort & Conference Center is now set to begin this fall, the second announced delay, the Sun News of Myrtle Beach reported. The resort is one of the first two oceanfront towers approved for the beachfront since construction came to an abrupt stop during the Great Recession.
▪ Mortgage giant Freddie Mac reports net income of $524 million for the first quarter, down sharply from the same period of 2014, as it sustains losses on the investments it uses to hedge against swings in interest rates.Text of the brief goes here and here. Text of the brief goes here and here.
From Staff and Wire Reports.