Business news

Beef O’Brady’s sports bar closes in Aiken


Aiken sports bar Beef O’Brady’s has closed its doors, according to corporate chief development officer James Walker.

Walker said the 216 East Gate Drive restaurant closed last weekend, having been open since early 2009.

He would not comment on the reason for the closing, but said the company as a whole is doing well and is expanding nationwide. There are 220 locations in 21 states.

There are no immediate plans to re-open a bar in Aiken, but there are South Carolina locations in Columbia, Fort Mill, Clemson and Georgetown, Walker said.

Factory orders rise on high demand for autos

WASHINGTON — U.S. factory orders rose strongly in July on the biggest jump in demand for autos in more than eight years and a surge in commercial airplane orders.

The increase suggests supply chain disruptions created by the Japan crisis are easing.

Factory orders climbed 2.4 percent, the largest increase since March, the Commerce Department reported Wednesday.

Orders for motor vehicles and parts rose 9.8 percent, the largest one-month gain since January 2003.

The increase followed a decline of 0.4 percent in June.

Netflix to raise rates by up to 60 percent

SAN FRANCISCO — Netflix is giving Redbox a golden opportunity to gain some ground.

Beginning today, Netflix, the largest U.S. video subscription service, will hit its nearly 25 million U.S subscribers with rate increases of as much as 60 percent. The sticker shock is expected to make Redbox, which rents DVDs for $1 per day through kiosks.

Netflix Inc.’s higher prices will drive business to video rental chain Blockbuster and other home entertainment rivals too, but Redbox will likely benefit most, according to Wedbush Securities analyst Michael Pachter.

– From staff and wire reports



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