Firm wins $12M order from U.S. Marine Corps
A Hanahan manufacturer is providing more solar energy systems for the U.S. military. UEC Electronics said Tuesday the Marine Corps placed the $12 million order this week, following a $10 million contract earlier this year.
The company's Ground Renewable Expeditionary Energy Network System, or GREENS, converts sun rays into usable power and stores excess electricity on a battery.
UEC designed the portable devices and has been manufacturing them since 2010.
The Marine Corps has purchased hundreds of the systems and has deployed them all over the world, UEC said. The company added that the Army is evaluating whether to buy them in 2014.
Some Target gift cards are faulty, retailer says
NEW YORK - Target is getting hit with another lump of coal this holiday season.
The discount retailer said Tuesday an unidentified number of gift cards sold over the holidays weren't properly activated. Target says the number of cards affected was less than 0.1 percent of all sold and that it will honor the affected cards.
Customers can bring faulty cards to any Target service desk or call 800-544-2943 for help.
The problem comes less than two weeks after Target said it was hit with a data security breach that affected about 40 million debit and credit card holders who shopped at its stores from Nov. 27 to Dec. 15.
Target has said it is still in the early stages of investigating the breach. It has been working with the Secret Service and the Department of Justice.
Netflix tests new price tiers for video service
SAN FRANCISCO - Netflix is testing new price plans for streaming video as it tries to lure more viewers.
Among the plans being tested are a $6.99-a-month plan that allows only one video stream to be watched at once, and a $9.99-a-month plan that allows three streams at once, whether on a TV, tablet or computer. A spokesman says not everyone will see the test prices and they may never roll out system wide.
Netflix's standard $7.99-a-month plan allows users watch video on up to 2 screens at once, including TVs and mobile devices. An $11.99-a-month service allows up to four shows at once. Netflix announced that plan in April.
Cracker Barrel says it won't consider a sale
LEBANON, Tenn. - Cracker Barrel says it won't consider selling itself, rejecting a push from its biggest shareholder. The company also said it will continue pursuing its own business strategies.
Last week shareholder Sardar Biglari said he was willing to make a bid and urged it to consider selling itself.
Biglari, through his investment firm Biglari Holdings, owns nearly 20 percent of Cracker Barrel Old Country Store Inc. He has tried and failed multiple times to win a board seat. Shareholders also recently rejected his proposal for a $20-per-share dividend.
Sales of Ford autos to top 2.4 million for 2013
DEARBORN, Mich. - Ford says 2013 North American sales of cars and trucks bearing its namesake brand will top 2.4 million, making Ford again the top-selling U.S. brand over Toyota.
The automaker says it will sell more than 600,000 passenger cars this year, the most since 2000, with the strongest demand coming from the West and Southeast. Ford says it has seen double-digit sales growth across all segments.
The industry will report December sales figures Friday.
Staff and wire reports
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