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closeM&M driving school announces new location
A driving school has announced a new permanent location in Rock Hill.
M&M Driving Academy offers behind-the-wheel and classroom instruction to teens and adults at the old Lowe's building on S.C. 72 across from the Super Bi-Lo.
Owner and instructor Missy Zimmer teaches driver's education and also gives one-on-one lessons to adults and teens. She can be reached at 328-2285.
Fort Mill consignment store to hold open house
FORT MILL -- A Fort Mill-area consignment and boutique is getting older.
Between Friends, located at 407 Tom Hall St. will celebrate its first anniversary under new ownership on Aug. 16 with an open house.
The boutique will be open from 10 a.m. to 4 p.m. and shoppers who attend the celebration will have a 10 percent discount. Refreshments will be served, and children will be able to enjoy a moon bounce from 10 a.m. to 2 p.m.
Between Friends sells baby clothes, walkers, toys and educational games and used children's equipment and clothing up to size 12. The store also sells new clothes straight from manufacturers, including brands such as Tralala, Zutano and Baby Nay.
For more information, visit www.bfriendsshop.com.
-- Arthur Takahashi
Fed takes steps to break through credit clogs
WASHINGTON -- Focused on getting the nation's credit gears smoothly working again, the Federal Reserve is letting Wall Street firms draw emergency loans into next year and giving financial companies more options to help them overcome credit problems.
The Fed's announcement on Wednesday marks its latest effort to get credit -- the economy's oxygen -- flowing more freely. A global credit crisis that erupted last August has hobbled the U.S. economy, already reeling from a housing meltdown.
As financial companies have racked up multibillion dollar losses on soured mortgage investments and credit problems spread to other areas, firms have hoarded cash and clamped down on lending. That has crimped spending by people and businesses, which in turn has weighed on the national economy -- a vicious cycle the Fed wants desperately to break.
Starbucks swings to loss on store closure costs
NEW YORK -- Coffee chain Starbucks, which is closing stores and cutting office jobs amid weak sales in the U.S., posted a loss for its third quarter on Wednesday, lowered its outlook for the year and said it would open fewer new locations.
But the company kept its profit guidance intact for fiscal 2009, easing investors' fears about the economy's effect on the year ahead.
The Seattle-based company reported a loss of $6.7 million, or 1 cent per share, compared to a profit of $158.3 million, or 21 cents per share, a year earlier. Starbucks said it earned 16 cents per share once the costs for restructuring and closing stores are excluded.
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