BUSINESS BRIEFLY

Midlands Tech expanding

Work is under way on a $10.2 million learning center on the Beltline campus of Midlands Technical College.

The three-story building is replacing the library with a facility equipped with computer labs, tutoring facilities, individual study rooms and a common area for students. It will take two years to finish. Midlands Tech president Ronald Rhames said it would become a “signature building” on the Beltline campus.

ALSO

▪  Belgian company Moderna Products is opening its first U.S. manufacturing plant, a $6.5 million facility, that will bring 35 jobs to Cherokee County within five years. Moderna makes and distributes plastics for the pet industry.

▪  Fiat Chrysler Automobiles raises its outlook after strong North American sales and a European recovery drove second-quarter earnings up 70 percent despite hefty U.S. recall costs.

▪  Procter & Gamble’s sales fall for the sixth straight quarter, as the world’s bigger consumer goods company is weighed down by softer sales volume and unfavorable currency exchange rates.

▪  The Obama administration asked the Supreme Court to reinstate securities fraud convictions against two hedge fund portfolio managers – Anthony Chiasson, of New York, and Todd Newman, of Massachusetts. The Solicitor General said a federal appeals court ruling in the financiers’ favor makes it harder to prosecute insider trading.

From Staff and Wire Reports

This story was originally published July 30, 2015 at 9:31 PM.