Business news

Bojangles’ set to open in Grovetown


A Bojangles’ restaurant is opening Tuesday in Grovetown.

Local franchisees Pat, Sandy and Daniel Landon, of Bojland Restaurant Group LLC, will operate the restaurant at 5105 Wrightsboro Road, which makes the fourth Bojangles’ to be run by the family in the Augusta market. Since 2002, the Landons have owned Bojangles’ in Augusta, North Augusta and Thomson.

“As we’ve successfully grown three other locations, we knew it was time to bring Bojangles’ to Grovetown,” Pat Landon said. “We’ve been very fortunate to have such loyal customers and high demand in this region.”

The 3,800-square-foot restaurant can seat as many as 88 diners and will include a drive-through lane. About 76 employees have been hired, Landon said.

Bojangles’, founded in 1977 in Charlotte, N.C., has seven restaurants in metro Augusta and more than 550 restaurants overall.

Verizon has biggest bond sale in history

NEW YORK — Verizon raised $49 billion on Wednesday in the largest corporate bond deal ever.

The sale dwarfs the previous record, Apple’s sale of $17 billion in bonds in April. Proceeds from the sale Wednesday will help Verizon buy the rest of its U.S. wireless business from partner Vodafone.

Verizon plans to pay $130 billion for Vodafone’s 45 percent stake in Verizon Wireless, which is expected to rank as the second-largest deal when completed. Along with money from its bond sale, Verizon will use cash and stock to pay for the buyout.

US income gap is biggest in century

If you feel you’re falling behind in the income race, it’s not just your imagination. The wealth gap between the top 1 percent and the bottom 99 percent in the United States is as wide as it’s been in nearly 100 years, a new study finds.

Between 1993 and 2012, the real incomes of the 1 percent grew 86.1 percent, while those of the 99 percent grew 6.6 percent, according to the study, based on Internal Revenue Service statistics examined by economists at UC Berkeley, the Paris School of Economics and Oxford University.

The top 1 percent is defined as families with incomes above $394,000 in 2012.



Wed, 11/22/2017 - 00:24

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