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Business


That I-85 collapse: Bolstering demand for Atlanta construction jobs -- but for how long?

The rebuilding of I-85 bolsters one of the fastest-growing sectors of the metro Atlanta economy: construction.  That effect stands out among many on the local economy.  There are about 118,500 construction jobs in Atlanta -- the majority of the state’s 184,400 jobs in the sector, as reported last week by the state Department of Labor.  Metro Atlanta construction jobs are...


Atlanta airport spends nearly $170k to store useless furniture

Atlanta airport spends nearly $170k to store useless furniture

Atlanta airport officials plan to spend up to $168,850 on back payments for storage of old airport furniture that has turned out to be worthless — and another $10,000 to get rid of it. The furniture had long been kept in a basement of the old Georgia International Convention Center near the airport. The city-owned convention center is now used by the film industry. In recent years a ...
Southern Company draws shareholder fire on exec pay

Southern Company draws shareholder fire on exec pay

A group of public pension funds and a foundation that hold Southern Company stock are accusing the Atlanta utility’s board of “a decision to shield top executives from the impact of poorly executed key projects,” including the troubled Plant Vogtle nuclear expansion. In an open letter to shareholders, the group urges votes against approval of the company’s executive compensation...
As Atlanta home prices rise, can buyers actually afford them?

As Atlanta home prices rise, can buyers actually afford them?

  The housing market in Atlanta continued to heat up as spring approached, but the pace of increase has fallen behind the national average, according to a much-watched national survey released Tuesday.  The average price of a home in the metro area rose 5.6 percent during the past year, compared to a 5.8 percent U.S. average, according to the S&P/Case-Shiller House Price Index...
Coca-Cola says it will begin cutting 1,200 jobs later this year

Coca-Cola says it will begin cutting 1,200 jobs later this year

Coca-Cola said Tuesday it will be cutting 1,200 corporate jobs later this year as part of an expanded cost-cutting program. Coca-Cola President James Quincey, who takes over as chief executive of the Atlanta company on May 1, announced the job cuts during the company’s first-quarter earnings call with investors. No specifics were immediately available on how many jobs might be cut at Coca-Cola&rsquo...
Report: Yik Yak sells some assets to Square

Report: Yik Yak sells some assets to Square

Yik Yak, the Atlanta-based social network that burst onto the scene in 2013 but was hurt by concerns about how its app was used, has sold its engineering team to Square Inc., according to a Bloomberg report. The business news service, citing unnamed people familiar with the matter, said Square paid less than $3 million for between five and ten of Yik Yak’s engineers who will move to a new employer...
Report: Albertsons considers takeover bid for Whole Foods

Report: Albertsons considers takeover bid for Whole Foods

Supermarket chain Albertsons is exploring a possible takeover of Austin-based Whole Foods Market, the Financial Times is reporting, citing unnamed sources. Albertsons, which operates about 2,200 stores, is controlled by buyout group Cerberus Capital Management. Cerberus has had preliminary talks with bankers about making a bid for Whole Foods, the Financial Times reported, citing a person close to...
Another passenger accuses United of seat removal; files lawsuit

Another passenger accuses United of seat removal; files lawsuit

United Airlines has another passenger complaint to deal with — this time in court. Karen Shiboleth claims she was forced out of her business-class seat during a flight to London from Newark, New Jersey, in September and escorted to the rear of the plane without an explanation. She sued the airline Monday, claiming she's out $9,146 in fees and award points but seeks at least $150,000 in...
Lawyer for United passenger now represents passenger in American Airlines incident

Lawyer for United passenger now represents passenger in American Airlines incident

The lawyer representing the man who was video recorded being dragged off a United Airlines flight is now representing the mother who was involved in another incident — this one aboard an American Airlines flight.In an appearance on the "Today Show," Thomas Demetrio said he was contacted by the mother who was recorded on video crying after an incident on Friday, involving an American...
Think Atlanta’s recovery means new jobs? Not so much if you’re in the middle class  

Think Atlanta’s recovery means new jobs? Not so much if you’re in the middle class  

From top to bottom, the metro Atlanta economy has been growing solidly and much of the action is at the poles: high skills and low. The region has added 95,400 jobs in the past year, and the unemployment rate has dropped to 4.9 percent – the level of joblessness of the last month in 2007 before the recession. Demand is good for lower-wage workers: hotel clerks, fast food counter help, warehouse...
Newest Silicon Valley perk: paid time off to protest Trump

Newest Silicon Valley perk: paid time off to protest Trump

Silicon Valley firms have long been known for offering a litany of employee perks: Home-cooked lunches, free massages, climbing walls and dog-friendly offices. Now some are adding yet another incentive to attract -- and retain -- workers: Paid time off to protest. Fauna, a San Francisco-based database start-up, recently began allowing its 13 employees to take unlimited paid leave to participate in...
Kempner: Bill O’Reilly’s replacement had called Fox star a phony

Kempner: Bill O’Reilly’s replacement had called Fox star a phony

Another heap of bad drama for Fox News is good for a former CNN talker starting this week, but maybe not so much for CNN. Fox News dumped Bill O’Reilly after publicity about another wave of sexual harassment complaints, legal settlements and hush money. I suspect it wasn’t an easy decision for a network that has struggled through self-inflicted controversy in the last year over...
Atlanta home prices up 10.6 percent in year; is low supply creating a bubble?

Atlanta home prices up 10.6 percent in year; is low supply creating a bubble?

Home sellers can rejoice: Atlanta’s spring buying season started in March with a 10 percent jump from last year in the price of homes sold.  The median price of a home sold last month was $220,000 – a 10.6 percent increase from the same month a year ago with the number of sales increasingly modestly, according to a report issued Friday by Re/Max of Georgia. But buyer beware....
Trump water quality shift could affect Ga. plant

Trump water quality shift could affect Ga. plant

The Trump administration has moved to delay Obama-era wastewater rules for coal-fired power plants, possibly scuttling environmental groups’ efforts to get tougher water quality standards for a Georgia Power plant near Rome. Last week, Scott Pruitt, the new head of the federal Environmental Protection Agency, said it was “in the public interest to reconsider” a 2015 rule requiring...
This N. Fulton Walmart set to close, impacting 70 jobs

This N. Fulton Walmart set to close, impacting 70 jobs

Another one of Walmart’s Neighborhood Market stores is set to shut its doors for good. Phillip Keene, a spokesman with the mega retailer, confirmed that the Walmart Neighborhood Market at 11770 Haynes Bridge Road in Alpharetta will close by May 7. About 70 jobs will be affected, but all of the store’s employees will be offered transfer options at nearby Walmart locations. Walmart...
Trump’s EPA could derail tougher pollution rule at Georgia Power plant

Trump’s EPA could derail tougher pollution rule at Georgia Power plant

The Trump administration has decided to delay Obama-era wastewater rules for coal-fired power plants, possibly scuttling environmental groups’ efforts to get tougher water quality standards for a Georgia Power plant near Rome. Last week, Scott Pruitt, head of the federal Environmental Protection Agency, said it was “in the public interest to reconsider” a rule finalized in 2015 that...
Wes Moss: Dividends don’t lie

Wes Moss: Dividends don’t lie

Asking a financial advisor to name his favorite investment is like asking someone to tell you their favorite flavor of ice cream. We’ll say that every asset class (well, nearly every one) is wonderful in its own way, but we all have our own preferences. The reality is, we all have asset types that we love more than the other Ben & Jerry’s flavors. For me, that asset class is stocks that...
Plans for green space at the Georgia Dome site to be unveiled

Plans for green space at the Georgia Dome site to be unveiled

The Georgia Dome’s demolition might be delayed for a while, but on Friday, city leaders and Falcons owner Arthur Blank are expected to unveil plans to turn much of the stadium site into green space after meets the wrecking ball. Blank will join Atlanta Mayor Kasim Reed, Home Depot Chairman and CEO Craig Menear and others at a an unveiling event on Friday at 12:30, according to an alert...
Georgia’s jobless rate falls to 5.1 percent

Georgia’s jobless rate falls to 5.1 percent

Georgia’s unemployment rate dropped in March to its lowest rate since December 2007, the state labor department said Thursday. The rate slipped to 5.1 percent, down from 5.3 percent in February and from 5.5 percent a year ago. Steady job creation has continued to trim the unemployment rate despite the flow of Georgians into the labor force, as most are being snapped up by employers. The state...
Why Verizon is losing more cellphone customers than ever

Why Verizon is losing more cellphone customers than ever

For the first time, the nation's largest wireless provider is losing customers faster than it can replace them. It's a major milestone for Verizon, which on Thursday reported a net decline of 289,000 cellphone subscribers over the past four months. Even though Verizon usually loses some cellular customers every quarter, it has historically lured enough back to be able to report growth in that part...
Bose headphones have been spying on customers, lawsuit claims

Bose headphones have been spying on customers, lawsuit claims

Bose knows what you're listening to. At least that's the claim of a class-action lawsuit filed late Tuesday in Illinois that accuses the high-end audio equipment maker of spying on its users and selling information about their listening habits without permission. The main plaintiff in the case is Kyle Zak, who bought a $350 pair of wireless Bose headphones last month. He registered the headphones...
Gwinnett solar panel maker Suniva files bankruptcy

Gwinnett solar panel maker Suniva files bankruptcy

Suniva Inc., a Norcross-based solar panel maker that received millions in federal, state and Gwinnett County incentives, has filed bankruptcy after falling victim to plunging prices for solar power cells. Bankruptcy documents indicate the company has fired 230 workers in the past three weeks, and that its Georgia factory is being mothballed indefinitely by its 35 workers that remain on the job. Meanwhile...
Kempner: Small business, X-rated or not, flamed by I-85 collapse

Kempner: Small business, X-rated or not, flamed by I-85 collapse

A street walker named “Star” and, oddly, the proprietress of a ladies apparel store were the only people I found along one eclectic Atlanta byway who said thetraffic jams from the I-85 collapse might actually be good for business. Who knew? But make no mistake: some of our entrepreneurial neighbors need our help. Collapsageddon is now embedded in the daily business life of a street...
Retail cuts tens of thousands of jobs; sector undermined by overbuilding, then savaged by Net shopping

Retail cuts tens of thousands of jobs; sector undermined by overbuilding, then savaged by Net shopping

And the beat-down goes on. The retail sector, a huge – if often under-noticed – piece of the economy, continues to struggle. With just a few exceptions, the big chains that had taken the high ground, dominating malls and big boxes across the American landscape, are now in full retreat. Some national chains -- Circuit City, Borders, Sports Authority, CompUSA -- went out of business. Chains...
Large solar company in Norcross files for bankruptcy

Large solar company in Norcross files for bankruptcy

Suniva, the Norcross-based builder of solar cells and modules, has filed for voluntary Chapter 11 bankruptcy, according to documents filed with the U.S. Bankruptcy Court. In the filing, the company cites tariffs issues in the industry with causing its financial hardship. “Whereas Chinese and Taiwanese manufactured solar cells are subject to U.S. tariffs, solar cells manufactured elsewhere are...
The last name in fashion: surnamed Coca-Cola bottles

The last name in fashion: surnamed Coca-Cola bottles

Insert your last name……here. Coca-Cola is rolling out its personalized pop bottles again this year with a new twist — last names. For a few years, the Atlanta soft drink company has been selling 20-ounce bottles of Coca-Cola, Diet Coke and Coke Zero with folks’ first names on them as part of a summer marketing campaign. But this is the first time last names are being featured...
This man’s 2-mile ambulance ride cost $2,700. Is that normal?

This man’s 2-mile ambulance ride cost $2,700. Is that normal?

Ideally, you’ll never need to ride in the back of an ambulance. But if it happens, here’s what you should know: Ambulance services are extremely expensive. Rick Santoro learned that the hard way. After receiving a two-mile transport in February, Santoro experienced sticker shock: His ride added up to $2,691.50. Though insurance covered most of it, Santoro had to pay $770.30 out of...
Hating the IRS today? Blame Abe Lincoln (and maybe the New York Times)

Hating the IRS today? Blame Abe Lincoln (and maybe the New York Times)

In addition to serving as the country's first bearded president, Abraham Lincoln is remembered for leading during the Civil War, freeing the nation's slaves, founding land grant colleges and becoming the first commander in chief assassinated in office. Given all that, perhaps there just isn't room in the country's collective memory to recall his seminal role in creating the country's most despised...
Fed survey: Smallest business borrowers do better at small lenders

Fed survey: Smallest business borrowers do better at small lenders

OK, it’s as you expected. Smaller is better when it comes to borrowing from banks. Small businesses reported that they had better luck borrowing from small banks and credit unions than they did at big banks, according to a recent survey by the Federal Reserve. The Federal Reserve system’s dozen regional banks, including the Federal Reserve Bank of Atlanta, surveyed 15,000-plus small businesses...
UPS using beacons to prevent package-loading errors

UPS using beacons to prevent package-loading errors

UPS is installing Bluetooth-enabled beacons on trucks to keep packages from being loaded onto the wrong vehicle -- and it’s applying for a patent for the system. While UPS is known for delivering packages, it also thinks of itself as a technology company. UPS says the beacons in its “Preload Smart Scan” system communicate via Bluetooth with scanners that UPS workers use when loading...
Delta and the game theory of overbooking flights

Delta and the game theory of overbooking flights

Given the deep mess that United Airlines created for itself after a passenger was dragged off a full flight last week, Delta said it could increase the incentives for "voluntary denied boarding." Agents will now be allowed to offer up to $2,000 to entice passengers to give up their seats, significantly more than the previous limit of $800. If that doesn't work, the agents' supervisors can...
Chemical in Downtown Connector crash can burn eyes, skin

Chemical in Downtown Connector crash can burn eyes, skin

The overturned tractor trailer that shut down the Downtown Connector for hours and made a mess of the Monday morning commute was hauling benzoyl chloride, a compound that can be used in dyes and resins that can be toxic if inhaled and cause burns to the skin and eyes. And the driver of the rig was in violation of state law for not taking his load around the Perimeter, officials said. ...
Five smart financial moves for new parents

Five smart financial moves for new parents

When you find out you’re going to have a baby there are so many things to do. There are books to read, classes to attend, a room to prepare, and clothes and supplies to purchase. But many parents-to-be don’t properly weigh the financial impact of a new child. A new family member comes with additional expenses; the U.S. Department of Agriculture estimates that parents will need to spend...
Trump Jr. tweet slaps college flap over Chick-fil-A shop

Trump Jr. tweet slaps college flap over Chick-fil-A shop

Donald Trump Jr., following his father’s playbook, took to the Twittersphere to razz a group of Pittsburgh students who were opposed to having a Chick-fil-A restaurant at their college. According to an article in the Duquesne Duke, a student newspaper, a representative at the Duquesne University student government was opposed to a recent decision by the university to allow a Chick-fil-A Express...
Body odor just one reason airlines might boot you from flight

Body odor just one reason airlines might boot you from flight

From bad body odor to being barefoot, U.S. airlines spell out reasons why passengers can be booted off flights they paid to be on. The rules have fresh relevance in the wake of the firestorm over how a United Airlines passenger was dragged off a flight because the airline wanted to put a relocating crew member in his seat. Airline contracts of carriage, which few passengers probably read, vary by...
Atlanta gas prices up -- just when drivers are using more, thanks to the I-85 collapse

Atlanta gas prices up -- just when drivers are using more, thanks to the I-85 collapse

Gas prices in metro Atlanta seem stable at the moment, but they are a dime-a-gallon higher than a month ago. Overall, 2017 prices are running about 20 cents a gallon higher than they were a year ago: Currently, gasoline averages about $2.31 a gallon in the region – although it ranges from $2.09 to $2.89, depending where you fill up. A year ago, Atlanta gasoline averaged $2.10 a gallon, according...
$5K rent for Alpharetta apartments? It’s not fake news

$5K rent for Alpharetta apartments? It’s not fake news

Let this rattle around in your mind for a second: some “premium” two-bedroom apartments in one of metro Atlanta’s hottest new live-work-play-shop oases rent for more than $5,000 a month. In Alpharetta. Deep in the burbs of north Fulton. Why, you might wonder — I certainly did — would people shell out rent equivalent to five house payments? Rents for some two-bedroom apartments...
Foods you should never buy at the dollar store

Foods you should never buy at the dollar store

From party favors to cleaning supplies, the dollar store offers plenty of great ways to save a buck. But there’s one section of these discount stores that many people avoid simply because they’re just not sure about the quality and value — and we’re talking about the food aisle. I recently scanned the food section of an Atlanta-area Dollar Tree for a closer look. After...
Chick-fil-A at Avalon set to open; creates 100 jobs for N. Fulton

Chick-fil-A at Avalon set to open; creates 100 jobs for N. Fulton

The people of Alpharetta will have one more spot to get chicken on Thursday. That’s when the newest Chick-fil-A in metro Atlanta will open. Opening at 6:30 a.m. on Thursday, this Chick-fil-A is part of the Boulevard East expansion for Avalon, Alpharetta’s mixed-use development where folks can live, work, eat and play. It is expected to create 100 new jobs. The location at Avalon will be...
Burger King ad threatens to renew debate over voice devices

Burger King ad threatens to renew debate over voice devices

A new Burger King TV commercial is designed to trigger Google's voice-controlled speakers in viewers' homes, adding a wrinkle to the debate over whether such devices have become too invasive. In the 15-second ad, a Burger King employee says, "OK, Google. What is the Whopper burger?" If viewers are watching the commercial near a Google Home gadget, the "OK Google" prompt will cause...
Delta pledges ‘complete deep dive’ after meltdown

Delta pledges ‘complete deep dive’ after meltdown

Delta Air Lines’ top executive pledged fixes in the wake of last week’s storm-induced meltdown of operations, which he said stemmed from a highly unusual weather event that simply swamped the company’s ability to quickly recover. “To our customers, we apologize for the disruption to their schedules,” CEO Ed Bastian said in his first public remarks since the April 5 event...
Georgia Power cutting jobs at coal-fired power plant near Rome

Georgia Power cutting jobs at coal-fired power plant near Rome

Georgia Power is cutting over half of its work force at a coal-fired plant near Rome even as state regulators have been re-examining some of its operations. The Atlanta utility said 80 jobs are being eliminated at Plant Hammond, a 63-year-old facility on the Coosa River near Rome. Georgia Power spokesman John Kraft said the plant, which currently has about 140 workers, will remain in operation but...
Nearly half of sunscreens don’t meet the SPF claim on the label

Nearly half of sunscreens don’t meet the SPF claim on the label

The sunscreen you buy might not be protecting your skin as well as you think.  The Food and Drug Administration requires sunscreens to live up to the sun protection factor — SPF — listed on the label, but Consumer Reports says some are falling short.   For its Sunscreen Guide, Consumer Reports looked at more than 60 lotions, sprays and sticks with SPF claims of 30 or higher...
Kempner: Hey, United, paying passengers is better than dragging them

Kempner: Hey, United, paying passengers is better than dragging them

How much do you think it would have cost United Airlines to have avoided the latest viral video debacle that has enraged consumers (at least those who didn’t scoff at a forcibly bumped passenger’s screams)? My guess is $1,000. But, heck, maybe United could have sweetened the pot by just a couple hundred bucks to try to convince one more passenger to give up their seat and take a later...
Sorry, America, your taxes aren't high

Sorry, America, your taxes aren't high

Americans generally feel they're being over-taxed, especially around this time of the year. Even their president agrees. "With lower taxes on America's middle class and businesses, we will see a new surge of economic growth and development," Donald Trump said this month, expanding on an earlier promise to cut Uncle Sam's bill "massively." But the reality is that the average U.S...
Live in Georgia? Need a job? Stay at home and work for Amazon

Live in Georgia? Need a job? Stay at home and work for Amazon

Folks that live in the Peach State who are looking for a part-time job won’t have to leave home to find one. All you need is a decent computer, a high school diploma, fluency in English and typing skills. Amazon announced on Thursday that it is creating 5,000 new part-time work-from-home jobs over the next year. The hiring initiative is geared towards boosting Amazon’s Virtual Customer...
Warning: New ATM skimmers could empty your bank account

Warning: New ATM skimmers could empty your bank account

An alarming new report found there was a 70 percent increase in the number of debit cards compromised at ATMs and at card readers used by merchants in 2016, according to FICO Card Alert Service.  For years, Clark Howard has warned about thieves using skimmers at ATMs to steal your money. Police departments nationwide are having a difficult time keeping up with the bad guys because they&rsquo...
New Kubota plant in Gainesville produces utility vehicles and jobs

New Kubota plant in Gainesville produces utility vehicles and jobs

Kubota has fired up its new manufacturing plant in Gainesville, bringing hundreds of jobs to Hall County. The Japanese manufacturer of small tractors, lawn mowers, and other equipment showed off the 502,000-square-foot facility to Gov. Nathan Deal and other officials Monday. It began full-time operation of the new manufacturing line, which is expected to make up to 75,000 utility vehicles a year,...
Bumping goes viral after man dragged off United flight

Bumping goes viral after man dragged off United flight

A viral video of a man forcibly removed from a United Airlines flight when he refused to give up his seat on a flight has left many fliers wondering what rights they have in such situations. Here’s a rundown of rules on bumping, from a 2011 article in the AJC when the U.S. Transporation Department boosted compensation for passengers who were involuntarily bumped. (It’s updated with the...
Coke pulling plug on Life brand in UK

Coke pulling plug on Life brand in UK

Coca-Cola is dropping its low-sugar Coke Life brand in the United Kingdom after sales of the distinctive green-labeled drinks fizzed out. London’s Daily Mail, among others, reported that the drink will disappear from store shelves in England and other parts of the UK in June. Coke said Coke Life lives on in the United States, however. “Since its launch in 2014, Coca-Cola Life has been...
Silicon Valley company expands operations to North Fulton

Silicon Valley company expands operations to North Fulton

Alpharetta has been trying to make the nickname “Technology City of the South” stick. Monday’s announcement — that a tech company from Silicon Valley is expanding to the city north of Atlanta — will help with that. Worthix, a scientifically designed technology aimed at determining customer wants and behavior, announced that they are opening up a new location...
Man’s body stranded for two days during Delta flight cancellations

Man’s body stranded for two days during Delta flight cancellations

The body of a man who died of leukemia at his parents’ North Carolina home was stranded for two days in an airplane’s cargo hold while Delta Air Lines dealt with massive flight cancellations during recent severe weather. Family members told WFTV-TV in Nashville that Delta Air Lines mistakenly rerouted the flight carrying Bryant Lee Raburn’s body from Raleigh to Salt Lake City, instead...
HHGregg to close all stores, including 12 in metro Atlanta, in May

HHGregg to close all stores, including 12 in metro Atlanta, in May

If you’re looking to buy a dishwasher at a discounted price, you might be able to find one at hhgregg, as long as you get there before the end of May. The going-out-of-business sales have begun for the 62-year-old electronics and appliances retailer. On Friday, April 7 — about a month after filing for Chapter 11 bankruptcy — hhgregg announced that it will close...
Can’t pay your taxes? Here are 6 ways to cope

Can’t pay your taxes? Here are 6 ways to cope

Finding the cash to pay a larger-than-expected tax bill can be tricky, but tax pros say there are ways to deal with the surprise without having to pawn the family heirlooms. Though crimes such as tax fraud or evasion certainly can come with jail time, the IRS probably won’t send you to prison simply for being short on cash, says Ken Portera, an enrolled agent in East Brunswick, New...
Coke pulling plug on low-sugar Life brand in UK after sales fizzle

Coke pulling plug on low-sugar Life brand in UK after sales fizzle

Coca-Cola is dropping its low-sugar Coke Life brand in the United Kingdom after sales of the distinctive green-labeled drinks fizzed out, according to news reports. London’s Daily Mail, among others, reported that the drink will be disappearing from store shelves in England and other parts of the island kingdom in June. Coca-Cola and industry players blamed consumer confusion over where the...
Atlanta Braves’ move to SunTrust Park a milestone for region

Atlanta Braves’ move to SunTrust Park a milestone for region

Opening Day of SunTrust Park marks a shift for professional sports in Atlanta. This Friday, 51 years after their move to Atlanta from Milwaukee, America’s Team becomes the first Atlanta franchise from one of the top pro leagues to make its home outside the city limits. Of all the corporate relocations the suburbs have taken at the expense of the city, not one is more symbolic than the Braves...
SunTrust Park opening: Metro Atlanta’s latest landmark moment

SunTrust Park opening: Metro Atlanta’s latest landmark moment

The Braves made Atlanta a major league city. Their first game in Atlanta Stadium on April 12, 1966, helped cement Atlanta’s stature as the Capital of the South. Atlanta had Coca-Cola, Delta Air Lines and Martin Luther King Jr. Now it had The Hammer, Knucksie and what would become America’s Team. On Friday, the Braves will play their first regular season game at the new SunTrust Park...
Here’s why one day of thunderstorms turned into a five-day Delta meltdown

Here’s why one day of thunderstorms turned into a five-day Delta meltdown

One day of thunderstorms in Atlanta caused a meltdown of Delta Air Lines’ flight operations this week, with the carrier caught flat-footed and still struggling to recover four days after the storm passed. The storm’s hit to Delta’s hub at Hartsfield-Jackson International Airport and ensuing issues with crew and aircraft positioning led the airline to cancel some 3,300 flights...
FBI: Panda Express taken for $1 million by Atlanta fraudsters

FBI: Panda Express taken for $1 million by Atlanta fraudsters

Federal prosecutors charged two metro Atlanta men with fraud for collecting more than $1 million from the Panda Express restaurant chain for supplying non-existent employee recruits. The U.S. Attorney's office said Friday that Dereck Cyrus, 52, of Lithonia, and Chuck Sandford, 74, of Marietta, were arraigned on charges of conspiracy and mail fraud for the scheme, which affected the restaurant chain&rsquo...
These metro Atlanta companies are making big hires this April

These metro Atlanta companies are making big hires this April

If you're looking for a job, Honeywell and UPS are two of the companies looking to add to its Atlanta workforce this April. Check out this brief snapshot of area companies and schools that are hiring scores of employees: Honeywell is making the transition from a traditional industrial company to a digital industrial business that's investing heavily in software development and the Internet of things...
ICE profit, stock climbs; CEO’s 2016 pay slips to $10.7 million

ICE profit, stock climbs; CEO’s 2016 pay slips to $10.7 million

Jeffrey Sprecher, head of Intercontinental Exchange, the Atlanta company that owns the New York Stock Exchange and several other key securities markets, got a $10.7 million pay package last year, down 1 percent from 2015. Sprecher’s pay has stayed about the same over the last three years, according to the company’s proxy filing. Meanwhile, the company’s stock price, revenue and profits...
Storm delays linger at Hartsfield-Jackson

Storm delays linger at Hartsfield-Jackson

This week’s fierce storms were unexpectedly hard on Delta Air Lines and its passengers. The carrier wound up cancelling 1,200 flights over two days after waves of thunderstorms late Wednesday fouled operations at Hartsfield-Jackson International. On Thursday thousands of travelers still waited in lines stretching through the terminal, as Delta struggled to re-set operations after planes and...
Plant Vogtle issues prompt credit review at Ga. Power

Plant Vogtle issues prompt credit review at Ga. Power

Last week’s bankruptcy filing by the Plant Vogtle nuclear project’s key contractor has prompted a review of the credit ratings of Georgia Power and other partners. The three major bond rating firms said they put Georgia Power’s debt under review with a “negative outlook,” meaning the review could lead to a downgrade. They cited the likelihood of more delays, cost overruns...
Wes Moss: The stock market is shrinking — here’s why

Wes Moss: The stock market is shrinking — here’s why

We’re facing a biodiversity crisis. It’s a slow-moving ecological disaster that could have serious ramifications in the long run. I’m not talking about what’s happening in the Earth’s jungles and forests, where we may be losing up to 1,000 species per year. This crisis is happening on Wall Street. Recent years have seen a significant diminishment in the number of publicly...
Meet the woman who followed a dream and brought the art of cheesemaking to Atlanta

Meet the woman who followed a dream and brought the art of cheesemaking to Atlanta

Every now and then, we all have moments where we ask ourselves, “What’s next?” To some, the answer is easy. It’s easy because they’ve always known what they actually wanted to do. Sure, it may not be the easiest path to follow in life. They may have unforeseen things come up and need to change careers. But, it’s important to remember that following our dreams can...
Eric Trump calls nepotism 'a factor of life.' Dad says he likes it

Eric Trump calls nepotism 'a factor of life.' Dad says he likes it

"Nepotism," Eric Trump recently told Forbes, "is kind of a factor of life." The 33-year-old businessman was talking about how his father had handed over a multibillion-dollar enterprise to his sons and was making what the magazine dubbed "Surprisingly Candid Thoughts On Nepotism." "We might be here because of nepotism, but we're not still here because of nepotism...
Kempner: Delta gives passengers a new reason to squirm

Kempner: Delta gives passengers a new reason to squirm

A lot of airports are getting better at pampering travelers – or at least treating them with less indifference — once they make it through TSA security. But at the world’s busiest airport, two big airlines that control the most gate space are taking two very different approaches to our true bottom line. Southwest has a number of soft seats at its gates at the Atlanta airport. Delta...
Westinghouse bankruptcy shakes Plant Vogtle owners’ credit

Westinghouse bankruptcy shakes Plant Vogtle owners’ credit

Last week’s bankruptcy filing by the Plant Vogtle nuclear project’s key contractor could be chipping away at the credit ratings of Georgia Power and the project’s other partners. The three major bond rating firms raised caution flags on Georgia Power’s debt, citing the likelihood of more delays, cost overruns and other bad news as a result of Westinghouse Electric’s March...
IRS took millions from innocent people, inspector general finds

IRS took millions from innocent people, inspector general finds

The Internal Revenue Service has seized millions of dollars in cash from individuals and businesses who obtained the money legally, according to a new Treasury inspector general's report. The report covers IRS cash seizures against businesses and individuals suspected of deliberately trying to avoid federal reporting requirements for large bank deposits. In order to combat criminal activity, individuals...
The unexpected ways our lives will change when cars drive themselves

The unexpected ways our lives will change when cars drive themselves

The expected shift to battery-powered vehicles that drive themselves will have repercussions that extend far beyond U.S. roadways — altering industries as varied as real estate, oil, auto repair and retail. At least that's the view of Benedict Evans, a longtime tech observer and partner at the Silicon Valley venture capital firm Andreessen Horowitz. In a recent blog post titled, "Cars and...
Home Depot nails 2016 but CEO’s pay drops slightly, to $11.5 million

Home Depot nails 2016 but CEO’s pay drops slightly, to $11.5 million

Home Depot Chief Craig Menear saw a slight dip in pay last year, to $11.5 million, as do-it-yourself homeowners continued to drive sales and profit growth for the Atlanta home improvement retailer. Home Depot has been prospering in recent years as rising home prices have helped loosen the wallets of homeowners. Last year was no exception. Home Depot’s profits jumped almost 14 percent last year...
Gwinnett’s Suniva cuts jobs, says U.S. solar firms ‘under attack’

Gwinnett’s Suniva cuts jobs, says U.S. solar firms ‘under attack’

Suniva, a Norcross-based solar panel maker that received millions in state and Gwinnett County incentives, said it has laid off a “significant” portion of its work force as it struggles with falling prices and competition from overseas producers. According to a notice filed March 29 with the Georgia Department of Economic Development, Suniva laid off 131 workers in Norcross, where it has...
How a bridge collapse on Atlanta’s Perimeter would be worse than I-85

How a bridge collapse on Atlanta’s Perimeter would be worse than I-85

The closed segment of I-85 between just south of Ga. 400 is a major headache for Atlanta’s commuters and truckers. But a similar bridge collapse would’ve been more “crippling” to the region and Atlanta’s mighty logistics sector if it had happened on the Perimeter, according to a report this week by CBRE Research. Metro Atlanta is a logistics hub for the Southeast and...
Norcross’ Suniva cuts jobs as China, Trump, overshadow solar industry

Norcross’ Suniva cuts jobs as China, Trump, overshadow solar industry

Suniva Inc., a Norcross-based solar panel maker that received millions in state and Gwinnett County incentives, said it has laid off a “significant” portion of its work force as it struggles with falling prices and competition from overseas producers. U.S solar manufacturers have stumbled over the past year from a combination of blows. Chinese manufacturers have vastly expanded solar panel...
Group takes to tents to protest Georgia State’s plans for Turner Field

Group takes to tents to protest Georgia State’s plans for Turner Field

A group of residents near Turner Field have set up camp next to the stadium, saying they won’t leave until Georgia State University and their development team sign a legal agreement to address gentrification and other issues that could result from redevelopment in the area. But Georgia State President Mark Becker said Monday the demonstrators are pulling “a publicity stunt,” and...
Jay-Z's new A2 Champagne will cost $850 a bottle

Jay-Z's new A2 Champagne will cost $850 a bottle

If a soundtrack invariably accompanies a big celebration-an engagement, say, or winning a division championship, or the closing of a monster deal — it's the popping of Champagne corks. Here comes a bottle for the most major celebration: Armand de Brignac's Blanc de Noirs Assemblage Two, aka A2, from the centuries-old house owned by the rapper Jay-Z, which hits the market April 18. The release...
So far, conventions unfazed by I-85 shutdown

So far, conventions unfazed by I-85 shutdown

The collapse of a section of I-85 following a Thursday fire may keep some commuters at home. But it doesn’t appear to be stopping travelers who come to the city for Atlanta’s many conventions. “We’ve been pretty proactive” about contacting convention-goers, said Heather Kirksey, spokesperson for the Atlanta Convention & Visitors Bureau. “People can get...
Southern chief’s pay package rises to $15.8M

Southern chief’s pay package rises to $15.8M

Southern Co. boosted CEO Thomas Fanning’s pay package nearly 34 percent last year, to $15.8 million, although much of the compensation was related to changing valuations of his pension benefits. Still, Fanning’s non-pension pay such as salary, stock awards and bonus increased by $930,000 — equivalent to a nearly 8 percent raise — even as the Atlanta-based utility struggled...
Study: Pollution from a coal-fired plant, carried  by wind, hurt babies miles away

Study: Pollution from a coal-fired plant, carried by wind, hurt babies miles away

Air pollution from power plants has wanderlust. It never stays still. It rides the wind, drifting far from its source, visiting homes miles away with potentially harmful effects. New research released Monday documents the impact that pollution from a coal-fired plant in Pennsylvania had on four wealthy New Jersey counties as far as 30 miles downwind. Women in those counties had a greater risk of having...
UPDATED: Avalon in Alpharetta snaps up Apple

UPDATED: Avalon in Alpharetta snaps up Apple

The popular Avalon development in Alpharetta has landed its Apple store. The webpage for Apple’s North Point Mall store includes a tease about “an inspired move,” and invites customers to “Come see us at Avalon on April 13, at 10 a.m.” Developers of the Alpharetta city-within-a-city plan to show off the community’s second phase this week for media and special...
Mayor Reed: Underground Atlanta sale is complete

Mayor Reed: Underground Atlanta sale is complete

A South Carolina developer has completed its purchase of Underground Atlanta after more than two years in pursuit of a deal. Atlanta Mayor Kasim Reed on Friday called the $34.6 million sale of the tiered mall “another milestone in the revitalization of South Downtown Atlanta.” The sale closing brings to an end a prolonged negotiation that required extraordinary measures on the part of...
Costs of I-85 bridge fire to ripple across region

Costs of I-85 bridge fire to ripple across region

Taxpayers will be on the hook for a pair of 350-foot spans of elevated freeway. Commuters, doomed to spend hours taking new ways home, will pay in fuel and time. Businesses will have to cope with lost sales and delayed deliveries. The costs of Thursday’s collapse of a section of I-85 between Midtown and Buckhead will ripple across metro Atlanta’s economy. And you’ll feel it...
Southern Co. chief’s pay rises to $15.8 million despite cost overruns

Southern Co. chief’s pay rises to $15.8 million despite cost overruns

Southern Co. Chief Executive Thomas Fanning got a nearly 34 percent raise last year, to $15.8 million, although much of the compensation was related to changing valuations of his pension benefits. Still, Fanning’s non-pension pay such as salary, stock awards and bonus increased by $930,000 last year — equivalent to a nearly 8 percent raise — even as the Atlanta-based utility continued...
Kempner: I-85 collapse an economic fork in the road

Kempner: I-85 collapse an economic fork in the road

If there’s anything we aspire to in metro Atlanta, it is to be a community on the move. So the collapse of an interstate bridge — of I-85 no less in Buckhead — feels like the caving in of Atlanta’s femoral artery. This one won’t kill us. It will, though, hurt us. We know it will make our drives more miserable. And it will again remind us that the limits of our...
Ga. Power: ‘Every option’ open at Plant Vogtle

Ga. Power: ‘Every option’ open at Plant Vogtle

A day after its key contractor filed for bankruptcy, Georgia Power on Thursday said it is looking at all options for what to do with its unfinished Plant Vogtle nuclear project. “Every option is on the table,” Georgia Power attorney Kevin Green told members of the Georgia Public Service Commission, which regulates the Atlanta-based utility. Westinghouse Electric, which is supplying the...
Genuine Parts buying stake in Australian company

Genuine Parts buying stake in Australian company

Genuine Parts is buying a 35 percent stake in a Sydney, Australia-based distributor of industrial parts, with an option to buy the remaining stake in the future. Atlanta-based Genuine Parts, whose brands include NAPA auto parts, will pay $70 million for the initial stake in Inenco Group, according to a press release Thursday. Inenco operates in Australia, New Zealand and other nations in the region...
Crowds down a bit at Atlanta airport job fair

Crowds down a bit at Atlanta airport job fair

At the world’s busiest airport, there’s always a need for more workers. More than 60 airport employers were hiring for more than 1,000 openings at an airport job fair held Thursday at the Georgia International Convention Center. The positions range from barista to bartender, from driver to cook, as well as server, baggage handler, custodian, construction manager, project manager,...
'Every option' being looked at for Plant Vogtle after contractor’s bankruptcy

'Every option' being looked at for Plant Vogtle after contractor’s bankruptcy

A day after its key contractor filed bankruptcy, Georgia Power said Thursday it is looking at all options for what to do with its unfinished Plant Vogtle nuclear project. “Every option is on the table,” Georgia Power attorney Kevin Green told members of the Georgia Public Service Commission, which regulates the Atlanta-based utility. Westinghouse Electric, which is supplying the reactors...
Metro Atlanta jobless rate drops to decade-low level

Metro Atlanta jobless rate drops to decade-low level

The metro Atlanta unemployment rate fell in February to 4.9 percent from 5.3 percent in January, the government reported Thursday. That brings the jobless rate back to the same level as in December 2007, the month that the Great Recession began – only this time, there’s no sign of an imminent downturn. And while there are issues under discussion by the new Trump administration that could...
Ga. Power seeks ‘best path forward’ at Plant Vogtle

Ga. Power seeks ‘best path forward’ at Plant Vogtle

Westinghouse Electric Co. filed for bankruptcy protection Wednesday, throwing a wrench into the works at Georgia Power’s Plant Vogtle expansion and possibly into the nation’s attempts to revive the nuclear power industry. The Pennsylvania company said it reached agreements with Georgia Power and SCANA to keep building new reactors and related facilities at their two plants in Georgia...
50 things to know if you haven't done your taxes yet

50 things to know if you haven't done your taxes yet

You’re motivated by a deadline, you’re busy, you’re still getting organized — whatever the reason, you haven’t filed your taxes yet. That’s not a huge deal (there’s a deadline for a reason), but still, waiting until the last minute to file your taxes means you might be rushed. And that means there’s a higher likelihood of making mistakes or overlooking...
Kempner: Time for a nuclear apology from your power company

Kempner: Time for a nuclear apology from your power company

Sometimes, even rah-rah cheerleading isn’t enough to make a bad situation look good. That’s a shame for Georgia Power, because the CEO of its parent has tried to make the company’s nuclear misadventure look like a puffy cloud on a pretty spring day. Four years ago, when the project to expand nuclear power at Plant Vogtle was already more than a year and a half behind schedule, Southern...
Plant Vogtle contractor seeks bankruptcy protection

Plant Vogtle contractor seeks bankruptcy protection

A bankruptcy filing by the Plant Vogtle nuclear expansion’s key contractor will likely mean more delays and higher costs for a project already billions over budget and years behind schedule, a state regulator said. Westinghouse Electric Corp., a unit of Japanese conglomerate Toshiba, on Wednesday filed for Chaper 11 protection after years of massive losses at Vogtle and another project in South...
Founder’s great-grandson named Cox Enterprises CEO

Founder’s great-grandson named Cox Enterprises CEO

The next president and CEO of Cox Enterprises is Alex Taylor, the company’s chief operating officer and the great-grandson of founder James Cox. Taylor, 42, will take charge of the Atlanta-based media, cable and auto services company on Jan. 1, 2018, said Cox Enterprises Chairman Jim Kennedy in an announcement Wednesday. Taylor will replace John Dyer, who is retiring after 40 years with the...
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