Business notebook

This Grand Strand city gets a mention in a commercial for the “Magic Mike” sequel.

“Tomorrow, we start the pilgrimage to Myrtle Beach for the convention,” actor/stripper Joe Manganiello says in the opening line from his ad for “Magic Mike XXL.”

“Any time that Myrtle Beach is mentioned it’s a good thing,” City Councilwoman Susan Grissom Means said. “We pay a lot of money for that. To have it happen for free is great.”

The U.S. Supreme Court on Monday refused to jump into the huge copyright battle between Google and Oracle, steering clear of what many legal experts considered a chance to further define the legal boundaries of software protection.

Google last year asked the Supreme Court to wade into its billion-dollar legal feud with Oracle. Oracle claims Google’s Android operating system had violated copyright protections by improperly incorporating parts of its Java technology.

The Supreme Court outcome is a win for Oracle, although the two sides are expected to continue to battle in federal court on issues still remaining.

IN BRIEF

▪  Income for the bottom 99 percent grew last year at the fastest pace in 15 years, according to data published by inequality guru Emmanuel Saez. Still, incomes for the top 1 percent grew at a much faster rate, worsening overall inequality.

▪  Korean automaker Hyundai replaces General Motors as the NFL’s automotive sponsor.

▪  The White House says it has no plans to bail out Puerto Rico from its debt crisis. Puerto Rico’s governor is warning the island can’t pay its $72 billion public debt, raising serious concerns about its economy.

▪  In a rare bipartisan scene at the White House, President Barack Obama on Monday signed into law two hard-fought bills giving him greater authority to negotiate international trade deals and providing aid to workers whose jobs are displaced by such pacts.

▪  Pittsburgh-based Heinz announced its plan to buy Kraft, based in the Chicago suburb of Northfield, in March. Kraft shareholders are set to vote on the deal Wednesday.

▪  Disney is merging its consumer product and interactive divisions, a move that acknowledges the shared goals of important product lines like the Disney Infinity video game franchise and the upcoming line of wearable toys called Playmation.

▪  Some of Kraft’s top leaders, including Chief Financial Officer James Kehoe, will leave the food maker soon after it combines with H.J. Heinz, the companies said Monday.

From Staff and Wire Reports.

This story was originally published June 30, 2015 at 12:14 AM with the headline "Business notebook."