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Business

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Briefs

TV show to feature Nucor unit

A DeKalb County metal buildings manufacturer is being featured on an episode of “Today in America with Terry Bradshaw,” a show broadcast nationally on the Discovery Channel.

Nucor Building Systems makes metal buildings that are used as manufacturing plants, warehouses, strip malls, fire stations and airplane hangars. The Waterloo operation is a division of steelmaker Nucor Corp., which employs 1,030 at four locations, including South Carolina, Texas and Utah.

The segment, hosted by former NFL quarterback Bradshaw, is part of the show’s industry solutions series focusing on construction and includes footage of the design and manufacturing process and interviews with key company leaders.

“Today in America with Terry Bradshaw” airs nationally on the Discovery Channel and regionally on various networks. Nucor will release future regional airing dates as the information is received from the show’s producers. It’s unclear when the segment will air nationally.

The feature can also been seen on the company’s website: www.NucorBuildingSystems.com.

Americans cut back on credit card use

Americans cut back on using their credit cards in September for the fourth straight month, but boosted borrowing in the category that covers auto loans and student debt.

Consumers increased their borrowing by $13.7 billion in September to a seasonally adjusted $3.05 trillion, the Federal Reserve reported Thursday. That is a record and follows a gain of $14.2 billion in August.

The increase was driven entirely by higher borrowing for auto and student loans, which rose $15.8 billion. Credit card debt fell $2.1 billion following a decline of $885 million in August. The string of declines in credit card debt will likely hold back consumer spending, which accounts for 70 percent of economic growth.

The measure of auto loans and student loans has risen 8.5 percent from a year ago and has increased in every month but one since May 2010. But credit card debt is essentially where it was a year ago.

Peoples Bancorp earnings decline

Peoples Bancorp on Thursday reported 2013 annual earnings of $2.63 million, or $1.11 per diluted common share, a 14 percent decline from the $3.04 million, or $1.26 a share, reported for fiscal 2012.

The Auburn-based parent of Peoples Federal Savings Bank follows a fiscal calendar that ends Sept. 30.

Among the items that reduced profits were a $474,000 jump in employee health insurance costs due to increased claims and $872,000 in prepayment penalties charged on several Federal Home Loan Bank loans that were paid during the quarter.

It’s unclear what advantages the company might have gained by paying off the federal loans early. Maurice Winkler III, Peoples president, couldn’t be reached Thursday afternoon for comment.

US jobless claims at pre-recession levels

The number of people seeking U.S. unemployment benefits fell 9,000 to a seasonally adjusted 336,000 last week, bringing applications to pre-recession levels.

The Labor Department said Thursday that the less volatile four-week average dropped 9,250 to 348,250.

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