Local & State
Law school’s fall class in question
CHARLESTON The Charleston School of Law, which has struggled with declining enrollment, will decide next week whether to accept a new class of students in the fall, the school announced Wednesday.
The 450-student private school is losing money and might be able to keep its license to stay open, school founders Robert Carr and George Kosko said in a statement.
The 12-year-old school’s purchase deal with Infilaw has fallen through.
BMW profits up
FRANKFURT, Germany Luxury carmaker BMW AG increased its profits in the first quarter thanks to strong demand for its expensive SUVs and higher sales in the US and Britain as well as in a recovering European market.
Net profit rose 4 percent compared with the same period last year, to $1.70 billion, the company said Wednesday.
Vehicle sales rose across all major markets for the world’s top-selling maker of high-priced cars.
The South Carolina-built X-series of SUVs and SUV-like crossovers, pricey vehicles that generate strong profit margins, continued to boost earnings as many customers in the US move up to more expensive cars.
▪ Federal Reserve Chair Janet Yellen says the Fed and other banking regulators have made significant progress in correcting flaws in the financial system that triggered the worst banking crisis in seven decades. She also says banking regulators are remaining “watchful” for any areas where further reforms may be needed.
From Staff and Wire Reports.