Business briefs

LEXINGTON BUILDING PURCHASED

Cason Development Group has purchased a building on Sunset Boulevard in Lexington. The 4,550-square-foot building at 5315 Sunset Blvd. is across from a planned retail development that is expected to be anchored by a grocery store. Total investment in the redevelopment project is expected to be just under $1 million, including the building’s $600,000 purchase price, said Frank Cason, owner of Columbia-based Cason Development Group.

▪ Total Quality Logistics on Daniel Island and Hire Dynamics of Simpsonville have been named the best places to work in South Carolina in annual rankings sponsored by the S.C. Chamber of Commerce, the Best Companies Group and SCBIZ. Total Quality Logistics, which brokers the trucking of freight, was named first in the large category, which includes companies with 250 or more employees. Hire Dynamics, a staffing company, won in the small/medium category for companies with less than 250 employees.

▪ Myrtle Beach is the latest community in South Carolina to oppose offshore seismic testing and drilling for oil and natural gas. Media outlets reported Myrtle Beach City Council passed a resolution Tuesday by a 6-1 vote opposing fossil fuel development in the Atlantic. Myrtle Beach becomes the 20th South Carolina community to oppose seismic testing and drilling offshore. The federal government is weighing whether to open up the Atlantic Outer Continental Shelf to fossil fuel energy exploration.

▪ An international web of hackers and traders made $100 million on Wall Street by stealing a look at corporate press releases before they went out and then trading on that information ahead of the pack, federal authorities charged Tuesday. Authorities said it was the biggest scheme of its kind ever prosecuted, and one that demonstrated yet another way in which the financial world is vulnerable to cybercrime.

▪ McDonald’s Corp. plans to shrink by 59 locations this year in the United States as the company cuts costs and tries to revive sales. The chain is closing 184 restaurants and opening 125 new ones in 2015, according to a franchise operations document filed with the Minnesota Department of Commerce last month. The world’s biggest restaurant chain, which had about 14,350 domestic locations at the end of last year, is shuttering stores across the country as it struggles to reverse its worst sales slump in more than decade.

This story was originally published August 11, 2015 at 11:05 PM with the headline "Business briefs."