Financial advice subject of bus tour
Charleston area residents seeking help with investment and retirement planning can attend three free seminars today and Saturday.
Financial professionals from the National Association of Personal Financial Advisors Consumer Education Foundation, TD Ameritrade, Kiplinger's Personal Finance magazine and FiLife.com will be available as part of the "Your Money Bus Tour" to talk about debt, saving and financial literacy.
They will be at the College of Charleston at George Street and College Way today from 10 a.m. to 2 p.m. and from 4 to 6:30 p.m. On Saturday, they will be at the Gaillard Auditorium at 77 Calhoun St. from 10 a.m. to 2 p.m.
Clemson's ICAR to host new bus plant
GREENVILLE -- A Colorado-based company said Thursday that it plans to hire up to 1,300 employees over the next seven years at research and manufacturing facilities at Clemson University's International Center for Automotive Research in Greenville.
Proterra Inc. develops and assembles drive and energy storage systems for heavy-duty vehicles, including its BE-35 fast-charge battery-electric transit bus. The Upstate location beat out sites in about 30 states, The Greenville News reported.
State Sen. David Thomas of Fountain Inn said this week that he hopes the plant will lure suppliers and other industry to South Carolina, as BMW North America did with its Greer car factory.
Ford to fix brakes on 2 of its hybrids
DETROIT -- Ford Motor Co. says it will fix 17,600 Mercury Milan and Ford Fusion gas-electric hybrids that can give drivers the impression the brakes have failed. The automaker said the problem occurs in transition between two braking systems and at no time are drivers without brakes.
Ford decided to fix the 2010 model cars after a test driver for Consumer Reports magazine experienced the problem with a Fusion Hybrid.
Spokesman Said Deep said Ford will notify the car owners to bring their cars in for the software fix.
Dollar deal boosts Burger King profit
NEW YORK -- It was a move criticized by franchisees, but Burger King said its $1 double cheeseburger promotion worked by luring diners. The nation's No. 2 burger chain said its second-quarter profit rose 13 percent to $50.2 million and that it plans more promotions to keep weathering the economy. Revenue rose 2 percent to $645.4 million.
Bank sued, settles in Merrill dispute
NEW YORK -- The N.Y. Attorney General's office said Thursday that it filed civil charges against Bank of America and former Chief Executive Officer Ken Lewis, saying the bank misled investors about Merrill Lynch before it acquired the Wall Street firm in early 2009. .
At the same time, the Securities and Exchange Commission reached a settlement to resolve separate charges it brought against the bank over similar issues. It is the second time the SEC and Bank of America have tried to settle the case.
Bank spokesman Robert Stickler said: "We are disappointed and find it regrettable that the NY AG has chosen to file these charges, which we believe are totally without merit."