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Business


Southern Co. CEO: More time needed for new Vogtle plan

Despite headlines about cost overruns and delays at its Georgia nuclear project and a new Mississippi plant, Southern Company “continues to perform beautifully” overall, CEO Tom Fanning told shareholders Wednesday. But Fanning also said it will take more time than expected for the Atlanta-based parent of Georgia Power and other utilities to decide whether to continue the nuclear expansion...


Enormous $2.5 billion data campus planned for metro Atlanta

Enormous $2.5 billion data campus planned for metro Atlanta

A Nevada-based tech firm plans to build an enormous data center campus in metro Atlanta in what it describes as a “multibillion-dollar” investment in the Southeastern U.S. Las Vegas-based Switch said Thursday it will develop a more than 1 million-square-foot campus it calls “The Keep” that will be among the most advanced in the nation and the fourth in what it calls its &ldquo...
Trump bumps up funds for Savannah harbor deepening, but short of hopes

Trump bumps up funds for Savannah harbor deepening, but short of hopes

The project to deepen Savannah’s harbor got a boost this week from President Donald Trump’s budget proposal, just not as much of a lift as some backers of Georgia’s ports wanted to see. Boosters had hoped for about $100 million in the fiscal 2018 budget to dredge the Savannah River, but the White House’s spending plan of $50 million, while a high-water mark for the federal...
Looking for a summer job? Atlanta named one of America’s best cities for opportunities

Looking for a summer job? Atlanta named one of America’s best cities for opportunities

If you have the summer off and want to make some seasonal cash, Atlanta’s not a bad place to be. In fact, the metro just ranked seventh on the 2017 Best Places for Summer Jobs list by WalletHub, a personal finance website. Analysts compared the country’s 150 most populated cities across two key dimensions: youth job market and social environment/affordability. Twenty-one relevant...
Savannah to see even bigger ship after this month’s record-breaker

Savannah to see even bigger ship after this month’s record-breaker

Georgia basked in the media spotlight this month as the biggest container ship to ever call on the East Coast paid a visit to Savannah’s port. But like a Hollywood blockbuster, the sequel has to be bigger. Georgia Ports Authority Executive Director Griff Lynch said Monday that an even larger vessel, the OOCL France, is scheduled to arrive June 2, part of what is expected to be a wave of...
Georgia lumber execs cheer Trump tariff stand

Georgia lumber execs cheer Trump tariff stand

Lost in a frenzy of political news, a presidential feud with Canada might be easily overlooked. But it’s no small deal for Hal Storey in Floyd County – or for Georgia’s other lumber companies. Storey is vice president of S.I. Storey Lumber Company in Armuchee. The 97-year-old, family-owned business, whose home office is about 10 miles north of Rome, has a wholesale business that...
Inside the offices where the music never stops and everyone is DJ

Inside the offices where the music never stops and everyone is DJ

The speakers never stop pumping music throughout the office at Codeword, a public relations agency in Manhattan. All day. Every day. Any song by any artist can play for the entire office at any time. In theory, at least, death metal, Gregorian chants, or Enya can fill the office before the 40 employees have finished their coffee. Everyone is also empowered to skip a disliked song by using the app...
Five reasons to consider a 529 college plan

Five reasons to consider a 529 college plan

As graduation season approaches, the rising cost of a college education becomes more top of mind for many parents. A 2015 Gallup survey indicated that over 73 percent of parents identified paying for college as their top financial worry. With the continuing rise in record student loan debt levels, parents want to better understand how to plan for their children’s college costs without accumulating...
Wes Moss: How Atlanta escaped economic disaster after I-85 collapse

Wes Moss: How Atlanta escaped economic disaster after I-85 collapse

Upon seeing the I-85 bridge collapse, I immediately thought, “This could be a real tragedy for our city’s long-term economic health.” While traffic here is notoriously terrible, it went from bad to apocalyptic with the I-85 bridge collapse. Even before a fire took down a key piece of I-85, Atlanta was in the top five traffic problem cities based on commute times. Add to that...
5 of the best summer jobs in metro Atlanta for teens 

5 of the best summer jobs in metro Atlanta for teens 

A summer job is a rite of passage for many Atlanta teens, offering some independence and much-needed spending money. You can also gain some valuable skills, contacts and references for future jobs. The following are some of the best summer jobs for teens in Atlanta: If you love movies, working at a theater may be just the right job for you. You'll get the chance to see the latest summer blockbusters...
How to get a summer job as a lifeguard in metro Atlanta

How to get a summer job as a lifeguard in metro Atlanta

If you're a strong swimmer who's interested in being a lifeguard, summer is filled with job opportunities in the metro Atlanta area. You'll get to spend your day by the pool in a fun atmosphere, but you'll also have the responsibility of making sure that guests remain safe. Here's what you need to know about getting a summer job as a lifeguard: You'll need to be physically fit and be a strong swimmer...
Plant Vogtle: Georgia’s nuclear ‘renaissance’ now a financial quagmire

Plant Vogtle: Georgia’s nuclear ‘renaissance’ now a financial quagmire

Southern Company’s chief executive has said more than once that the giant utility’s project to build two more nuclear reactors at Plant Vogtle would be history-making. He may be right, but not in the way he meant. Years behind schedule, billions over budget, and with a key contractor’s bankruptcy clouding its future, the troubled Vogtle project near Augusta is fast becoming Exhibit...
Coca-Cola among top 50 places to work, according to LinkedIn

Coca-Cola among top 50 places to work, according to LinkedIn

Coca-Cola is among the top 50 companies where people want to work, according to data collected by LinkedIn, the business networking website. Coke is No. 34 on the list, ahead of Yelp (No. 35) and Lyft (No. 38) but behind Morgan Stanley (No. 33) and Fitbit (No. 32). While LinkedIn praises Coca-Cola as one of the world’s most valuable brands, it mentions that &ldquo...
Westside park could have potential of Historic Fourth Ward Park

Westside park could have potential of Historic Fourth Ward Park

The city of Atlanta on Friday will break ground on a park in the shadow of Mercedes-Benz Stadium that community leaders hope will help trigger a rebirth of Vine City and surrounding neighborhoods that nurtured the Civil Rights Movement. Officials tout Rodney Cook Sr. Park for its potential to foster revitalization in much the same way as its mirror project, Historic Fourth Ward Park, which hugs the...
Summer fliers to see changes at Atlanta airport

Summer fliers to see changes at Atlanta airport

A record number of travelers are expected to take to the skies this summer, according to an airline industry group. A total of 234.1 million passengers will fly on U.S. airlines from June through August, or more than 2.5 million a day, lobbying group Airlines for America said Thursday. That’s up 4 percent from last summer, amounting to 100,000 additional passengers a day. Driving the growth...
Kempner: Turner CEO gathers intel on you; Promises ‘personalized’ TV

Kempner: Turner CEO gathers intel on you; Promises ‘personalized’ TV

He’s a bit profane, adores Taco Bell and runs one of the biggest cable TV empires in the nation. Oh, and John Martin, Turner’s first-ever New York-based CEO, thinks there are too many television networks and a a bunch of “s****y” ones should die. Just not any of his. Which is probably a good thing for Atlanta, since a big chunk of Turner’s operations are here, from...
Georgia job numbers for April: More questions than answers

Georgia job numbers for April: More questions than answers

Hiring in April stalled out, even if the jobless rate dipped. This has been the third-longest economic expansion since World War II. And while there’s no particular reason to think it is ending, its very longevity raises questions. So the latest report from the state Department of Labor makes you wonder: was it a month of quirky data, a very normal pause after three strong months or was...
Atlanta to surge in population, jobs and traffic, Mayors’ report says

Atlanta to surge in population, jobs and traffic, Mayors’ report says

Metro Atlanta will keep growing, rising in the next three decades to become the sixth-largest metro area in the country, according to projections in a report released Wednesday by the U.S. Conference of Mayors. Despite losing more than 200,000 jobs during the recession, the region has turned it around and will keep expanding into the future, with a population projected at more than 8.6 million...
Delta launching SkyMiles partnership with Lyft

Delta launching SkyMiles partnership with Lyft

Delta Air Lines is launching a frequent flier program partnership with ride-hailing service Lyft, allowing travelers to earn miles for Lyft rides.  Through the partnership starting Wednesday with Delta’s SkyMiles program, travelers can also get bonus miles for rides to and from the airport where Lyft operates.  To earn the miles, Delta frequent fliers must link their Lyft account...
Atlanta’s Home Depot starts building again, but slowly 

Atlanta’s Home Depot starts building again, but slowly 

Home Depot is adding six stores this year, resuming modest expansion as it continues to outpace the troubled retail sector. “We haven’t opened a U.S. store since 2013,” said Carol Tome, chief financial officer at the Atlanta home improvement chain. Three of the new stores are in the United States — locations in Florida and Texas are already open, while another is planned in...
This Georgia city was named one of the worst cities in the US to start a career

This Georgia city was named one of the worst cities in the US to start a career

Of the 150 most populated cities in America, one Georgia city ranked among the worst places in the nation to start a career. » RELATED: These 24 Georgia companies have the most satisfied employees, according to a new ranking  In fact, Augusta (about two hours east of Atlanta) came in third to last in personal finance website WalletHub’s best and worst places to start a career in 2017...
Dollar General hiring 500 employees for new distribution center in Georgia

Dollar General hiring 500 employees for new distribution center in Georgia

Dollar General is bringing new career opportunities to Georgia, because its hiring 500 people for its new distribution center in Jackson. The discount retailer recently announced that it is hosting a hiring event Saturday, May 20 at the Red Devil Hill Gym. From 10 a.m. to 1 p.m., the company’s management team will be onsite to inform interested applicants about full-time career opportunities...
Atlanta named one of the best cities in the US to start a career

Atlanta named one of the best cities in the US to start a career

If you’re a recent college graduate or just looking to switch up your career path, you may want to consider jump-starting your profession right here in Atlanta. The bustling metro ranked sixth among the country’s 150 most populated cities in personal finance website WalletHub’s best and worst places to start a career in 2017. To come up with the results, WalletHub analysts compared...
Kempner: Uber-fighting cabbies get schooled by Ga. Supreme Court

Kempner: Uber-fighting cabbies get schooled by Ga. Supreme Court

Atlanta taxi drivers, who’ve already had their lunches eaten by Uber and Lyft, just learned a painful lesson about government regulation. You can’t count on it to save your financial neck. On Monday, the Georgia Supreme Court agreed with a lower court ruling, essentially killing a proposed class-action lawsuit brought by Atlanta cab drivers. The cabbies wanted the state to compensate...
Home buying? Here's why you'll pay more in metro Atlanta

Home buying? Here's why you'll pay more in metro Atlanta

Prices of homes in metro Atlanta continued rising in April while the number of sales dropped, according to the monthly report from the Atlanta Realtors Association. The month added another chapter to the ongoing tale of an unbalanced market, a story of solid demand bumping up against a limited supply of homes for sale – a mismatch that drove the median price of a home up to $254,000. That...
The worst-paying jobs for college grads boast this sneaky advantage

The worst-paying jobs for college grads boast this sneaky advantage

The job title "Wall Street trader" once evoked sleek suits, martini-soaked lunches and chaotic offices - a gateway to prosperity at a relatively young age. But earlier this year, Marty Chavez, the chief financial officer of Goldman Sachs, revealed that some of the investment bank's well-paid humans were being replaced by unpaid robots.  Over the last 17 years, the number of stock traders...
You're not getting a raise and nobody knows why

You're not getting a raise and nobody knows why

The economy today has almost everything experts look for as a sign of health - new jobs are popping up around the country, the unemployment rate has fallen to the lowest level in a decade, and consumer and business confidence is high. But one thing that really matters for workers has been stubbornly absent: strong wage growth. The pay that workers take home has risen a little since the depths of the...
Georgia Power reaches tentative deal to take over Plant Vogtle work

Georgia Power reaches tentative deal to take over Plant Vogtle work

Georgia Power and Westinghouse Electric said they reached a tentative agreement for the Atlanta utility and Southern Nuclear to take over management of the troubled Plant Vogtle project indefinitely from the bankrupt contractor. The new agreement, announced Friday night, will take effect “once the current … construction contract is rejected in Westinghouse’s bankruptcy proceeding...
Gov. Deal signals approval to spend more to deepen Savannah River

Gov. Deal signals approval to spend more to deepen Savannah River

SAVANNAH — Governor Nathan Deal said Friday he supports providing additional state resources to finish the deepening of the Savannah River, and he expects the federal government to fulfill its promise to fund its share of the nearly $1 billion project. Speaking to reporters after a welcoming ceremony for the Cosco Development, the largest container ship to ever call on an East Coast port...
Gov. Deal: Savannah port ‘not only shovel-ready, we are dredge-ready’

Gov. Deal: Savannah port ‘not only shovel-ready, we are dredge-ready’

SAVANNAH —- Gov. Nathan Deal said Friday he supports providing additional state resources to finish the deepening of the Savannah River, and also said he still expects the federal government to fund its share of the nearly $1 billion project. Speaking to reporters after a welcoming ceremony for the largest container ship to ever call on an East Coast port, Deal said completing the project...
Southern Company: ‘Weeks’ before we’ll know cost of Plant Vogtle

Southern Company: ‘Weeks’ before we’ll know cost of Plant Vogtle

A Southern Co. executive told state regulators it could be up to “several weeks” before the Atlanta utility knows how much it will cost to complete the troubled Plant Vogtle expansion — or even if it will. Since the late-March bankruptcy of the project’s key contractor, Westinghouse Electric, Southern subsidiary Georgia Power has been spending about $50 million a...
Biggest cargo ship to call on the East Coast arrives in Savannah

Biggest cargo ship to call on the East Coast arrives in Savannah

SAVANNAH — Frank Haynes comes to River Street along this historic city’s waterfront every chance he can get to watch the cargo ships slowly float in and out of the harbor. “Near everyday if I’m not at work,” said Haynes, who sees the ships as omens of a stronger economy. Thursday’s showing didn’t disappoint as the Cosco Development, the biggest container ship...
Georgia cool to Canada film idea; not ready for partnership

Georgia cool to Canada film idea; not ready for partnership

The Canadian government wants to talk about a partnership with Georgia that could boost the film industry in both places.  But Georgia isn't having any. The idea, broached by Canadian representatives at a recent conference, would link financial incentives in Georgia and Canada to encourage companies who are doing film production in Georgia to do the post-production work in Canada. In the short...
Southern Co.: ‘Weeks’ before we’ll know cost of Plant Vogtle expansion

Southern Co.: ‘Weeks’ before we’ll know cost of Plant Vogtle expansion

A Southern Co. executive told state regulators that it will likely be up to “several weeks” before it knows how much it will cost to complete its troubled Plant Vogtle expansion. Since the late-March bankruptcy of the project’s key contractor, Westinghouse Electric, Georgia Power, a subsidiary of Southern, has been spending about $50 million a month under an interim agreement with...
Travel alert: Delta Air Lines on the move at LAX

Travel alert: Delta Air Lines on the move at LAX

West coast-bound fliers take note: Delta Air Lines is moving its operations at Los Angeles International in a project that will cause hassles for travelers and require 20 other airlines to relocate. The good news is that the bulk of the project, which starts Friday, should be completed by the middle of next week. Atlanta-based Delta is moving from Terminals 5 and 6 to Terminals 2 and 3 at LAX, allowing...
Massive cargo ship draws crowds as it arrives in Savannah

Massive cargo ship draws crowds as it arrives in Savannah

SAVANNAH —- Frank Haynes comes to River Street along this historic city’s waterfront every chance he can get to watch the hulking cargo ships slowly float in and out of the harbor. “Near everyday if I’m not at work,” said Haynes. Thursday’s showing didn’t disappoint as the Cosco Development, the biggest container ship to ever dock at an East Coast port arrived...
Kempner: Why Atlanta’s best mall just dumped its flashiest tradition

Kempner: Why Atlanta’s best mall just dumped its flashiest tradition

The July 4th fireworks at Atlanta’s Lenox Square mall were supposedly the biggest in the Southeast, at least back in the day. Now that the Buckhead mall has announced that it’s abruptly ending that 57-year-old tradition, we’re left to wonder whether the fireworks show was more smoke than fire. Because, otherwise, why would you kill such a thing? It supposedly drew hundreds of...
Ga. Power at crossroads on Plant Vogtle project

Ga. Power at crossroads on Plant Vogtle project

A decision on what to do with Plant Vogtle’s half-built reactors could be made Friday, the expiration date for Georgia Power’s agreement that has kept work going at the site after a key contractor’s bankruptcy filing seven weeks ago. But the Atlanta utility could seek another extension of the deal with the contractor, Westinghouse Electric as it tries to figure out what to do. Georgia...
Georgia jobs, lumber and the Canada-Trump confrontation

Georgia jobs, lumber and the Canada-Trump confrontation

Lost in a frenzy of political news, a presidential feud with Canada might be easily overlooked, but it’s no small deal for Hal Storey in Floyd County – or for Georgia’s other lumber companies.  Storey is vice president of S.I. Storey Lumber Company in Armuchee. The 97-year-old, family-owned business, which is about 10 miles north of Rome, has a wholesale business that bumps...
How to know when working from home works for you

How to know when working from home works for you

Working from home -- time-management experts and career coaches often offer the idea as a silver bullet for solving the challenges of balancing family, career and life in the modern workplace. Teleworking certainly saves companies money. IBM was able to cut real estate costs by 50 percent, and 46 percent of companies say that telework helps them reduce attrition, which can cost anywhere from $10,000-$30...
Kempner: I-85 returns, but who will bail out the hurt businesses?

Kempner: I-85 returns, but who will bail out the hurt businesses?

With the I-85 bridge in Atlanta expected to reopen Monday if not sooner, small business owners clobbered by the month-and-a-half-long traffic mess have a nagging question: Will anyone help them get back on their feet? Some want compensation from the government or maybe a tax break or just marketing help to let Atlantans know it’s safe to come out and spend again with them. They...
Airbus launching drone subsidiary in Atlanta

Airbus launching drone subsidiary in Atlanta

French aerospace manufacturer Airbus is starting an Atlanta-based commercial drone subsidiary. The wholly-owned subsidiary is called Airbus Aerial, aiming to sell its services to industries such as insurance, oil and gas, utilities, agriculture, forestry and emergency management, by helping them get data captured from above by using drones or satellites.  The drone and satellite industries are...
Men’s wages stagnant and who suffers most? Young workers

Men’s wages stagnant and who suffers most? Young workers

The income of men has been stagnant and the problem is mostly because of how badly young workers have been doing, according to a new study. The trend is not news: The inflation-adjusted earnings of 25-year-old men started dropping dramatically in 1973, falling from $35,000 to $25,000, according to four researchers working through the National Bureau of Economic Research, a non-profit, non-partisan...
Is your metro Atlanta Kroger or Wal-Mart bank branch closing?

Is your metro Atlanta Kroger or Wal-Mart bank branch closing?

Customers at 34 Kroger and Wal-Mart stores in Georgia will no longer be able to take care of their banking business in the stores’ BestBank branches after its parent bank in Wisconsin failed. Federal regulators closed Milwaukee-based Guaranty Bank, according to the Federal Deposit Insurance Corp. The bank operated 119 branches in five states under the BestBank or Guaranty Bank names, mostly...
How Home Depot is winning while retail loses

How Home Depot is winning while retail loses

The colors of retail have lately come in red for financial losses, black and white for obituaries or maybe shade of gray for the grim struggle to survive in changing times. And then there’s orange. As in, Big Orange, aka Atlanta-based Home Depot. The housing-centric retailer has posted a nearly 43 percent rise in revenue over the past seven years, putting it on the doorstep of $100 billion in...
90 Georgia jobs affected in nationwide closing of Dollar Express

90 Georgia jobs affected in nationwide closing of Dollar Express

Georgians will have to find somewhere else to shop for quick pickups and deals on dryer sheets, toothpaste, cereal and other necessary items. Charlotte-based retailer Dollar Express announced in April that it would be closing all of its stores nationwide by June 30. In Georgia, that means 14 stores across several counties. According to data provided by the Georgia Department of Economic...
Birmingham firm takes over Coke’s bottling operations in metro Atlanta

Birmingham firm takes over Coke’s bottling operations in metro Atlanta

A Birmingham bottler has taken over a large chunk of Coca-Cola’s bottling territory in metro Atlanta and north and central Georgia. The acquisition by privately-held Coca-Cola Bottling Co. UNITED, which boosted its size by about 40 percent, is part of a years-long retooling by Coca-Cola to rev up its dragging sales and profits. Coca-Cola UNITED and Coca-Cola disclosed their deal in late 2015...
Retail is dying? Tell that to fast-food chains losing top talent

Retail is dying? Tell that to fast-food chains losing top talent

Customers cussed at him and threw ice cream at him. Finally, Don-Wesley Andrews had enough. He quit McDonald's in Sacramento, California, for a job at Wal-Mart.  Like many other Americans, the 22-year-old Andrews improved his life just by moving to retail from fast food. Longer lunch break, paid time off, even a quarterly bonus - and no french fry fragrance clinging to his clothes. "Wal-Mart's...
Wes Moss: What’s better, active or passive investing?

Wes Moss: What’s better, active or passive investing?

As an investment advisor, one of my most important roles is to educate folks about the facts and fictions of investing. I recently received an email from a radio listener outlining concerns about her current investment approach. This listener had been using active mutual funds for years and wanted to rebalance her portfolio using passive investment vehicles. She said, “Wes, is it time for...
Kenny G adds sax appeal to Delta’s 2017 jet drag

Kenny G adds sax appeal to Delta’s 2017 jet drag

After an impromptu performance on a Delta Air Lines jet last month, saxophonist Kenny G provided a musical accompaniment Friday to the Atlanta carrier’s annual “jet drag” for charity. The event features 20-person teams of employees pulling a 167,000 pound Boeing 757 for 20 feet at Delta’s TechOps maintenance center at Hartsfield-Jackson International Airport. The teams solicit...
Traditional families harmed by trade shocks, men’s falling “marriage-market value”

Traditional families harmed by trade shocks, men’s falling “marriage-market value”

Perhaps marriage is a matter of romance, an amalgam of love and chemistry, a choice made for reasons spiritual, soulful and biological. But perhaps there’s some economics involved.  The loss of manufacturing jobs has made men—especially rural men—less valuable as marital partners leading to a decline in rates of marriage and an increase in the number of children born to unwed...
Failed DeKalb ‘Grand Empire’ backers pay $4.6 million for alleged fraud

Failed DeKalb ‘Grand Empire’ backers pay $4.6 million for alleged fraud

The developers of a long-stalled resort project in south DeKalb County have agreed to pay almost $4.6 million to settle accusations that they spent investors’ money on shopping sprees and night club carousing. Last year the U.S. District Court in Atlanta ordered an emergency asset freeze after federal investigators alleged that the trio of developers were trying to raise money through a...
How to figure out your net worth

How to figure out your net worth

Net worth isn’t just a seven-figure number representing a celebrity’s wealth, or an even larger number measuring a company’s balance sheet. Everyone has a net worth, and calculating yours can be a step toward assessing your financial health. The formal definition of net worth is the combined value of your assets, or the things you own that have monetary value, minus the...
Delta flier, family booted over seat dispute

Delta flier, family booted over seat dispute

A Delta Air Lines passenger posted a video of his family being booted off a flight over a dispute regarding the use of a seat. Late Thursday the Atlanta airline apologized for the family’s “unfortunate experience” and said it plans to refund their fares and “provide additional compensation.” The video on Thursday quickly became the latest involving a passenger incident...
Air passenger incidents: Congress ponders new rules on airline service

Air passenger incidents: Congress ponders new rules on airline service

In the wake of painful airline passenger incidents caught on video, some members of Congress want new regulation of airline practices. Proposals include requirements for minimum seat sizes, caps on baggage fees and a guarantee that boarded passengers have the right to fly. Legislation related to airlines could tie into upcoming debates over Federal Aviation Administration funding reauthorization...
Atlanta tech jobs: some skills in high demand. (Good pay, too).

Atlanta tech jobs: some skills in high demand. (Good pay, too).

It is a time for technology – at least for people with the right skills.  In the midst of a generally improving economy, steady hiring and modest pay increases, technology seems to be leading the pack with solid boosts to pay and a sometimes urgent search to find the more valuable and rare abilities. “I certainly think the economy has improved significantly in the last five years...
Coke’s new CEO: ‘The next stage has to be about growth’

Coke’s new CEO: ‘The next stage has to be about growth’

James Quincey, 52, began his tenure as Coca-Cola’s new chief executive with a bang, recently announcing that the soft drink company will need to cut about 1,200 jobs, mostly at its Atlanta headquarters. The 20-plus-year Coke veteran, who hails from Britain, says the job cuts are needed to free up about $800 million in annual spending. That money, he says, will partly be used to help...
Kempner: Uh-oh. Gwinnett Place mall owner has second thoughts on redevelopment

Kempner: Uh-oh. Gwinnett Place mall owner has second thoughts on redevelopment

Almost four years after buying Gwinnett Place, the mall’s owner has determined that, on second thought, it doesn’t know what exactly it will do with the fast-fading property. Earlier this year, the company had said it would submit redevelopment plans to the county in March. That didn’t happen. Instead, an executive who was handling the plans has left the company. Now, his boss...
Delta rings stock exchange closing bell, marks 10 years since stock relisting

Delta rings stock exchange closing bell, marks 10 years since stock relisting

Delta Air Lines on Wednesday marked 10 years since its stock was relisted on the New York Stock Exchange after emerging from Chapter 11 bankruptcy. CEO Ed Bastian and former CEO Gerald Grinstein, who headed the airline 10 years ago, marked the occasion by ringing the closing bell on the bell podium of the New York Stock Exchange on Wednesday. Over the past 10 years, Delta has gone from struggling...
Atlanta rents flattening out: are they going to drop?

Atlanta rents flattening out: are they going to drop?

A burst of building has brought the Atlanta rental market to a tipping point, possibly tilting rents lower in the next few months, according to analysis by a national apartment data firm. About 12,000 units are being added this year, up 29 percent from last year and 45 percent higher than during 2015, and most of them are in just a few areas, according to Apartmentdata.com.  &ldquo...
Atlanta pay up a little; not as fast as the US average

Atlanta pay up a little; not as fast as the US average

As the Atlanta job market continues to improve, pay has been rising – just not that quickly.  Atlanta’s median pay last month was just 2.3 percent higher than a year ago, an increase even more modest than the national average of 2.7 percent, according to a study out this week by a national firm that specializes in labor market data. However Atlanta’s median pay is...
Kempner: Now Coke wants to be ‘consumer centric total beverage’ biz?

Kempner: Now Coke wants to be ‘consumer centric total beverage’ biz?

The coronation of Coke’s new CEO began with him swinging a big ax at the heads of about 1,200 of his employees, mostly in Atlanta. Mass layoffs are a pretty jarring first act by a new CEO, especially at a company that is all about optics and image and giving the world a smile. Kind of makes me wonder what James Quincey’s second act will be as he tries to set a healthier future...
Supreme Court ruling could clear way for local governments’ lawsuit

Supreme Court ruling could clear way for local governments’ lawsuit

A U.S. Supreme Court ruling this week could clear the way for a lawsuit by three metro Atlanta counties alleging that predatory lending practices by mortage lenders cost them hundreds of millions in lost property taxes and higher expenses in blighted neighborhoods. In a mixed ruling, the U.S. Supreme Court said cities can sue banks for alleged predatory lending practices that violate the Fair Housing...
UPS aircraft mechanics picket over contract negotiations

UPS aircraft mechanics picket over contract negotiations

UPS aircraft mechanics from around the country picketed in front of a Buckhead UPS Store over their contract negotiations, saying they’re concerned about losing some of their healthcare benefits. About 30 aircraft mechanics participated in the protest on Tuesday, and another protest is planned at the company’s annual shareholders meeting to be held in Wilmington, Del. on Thursday. The...
Air passenger woes: Congress raises threat of new airline regulations as fix

Air passenger woes: Congress raises threat of new airline regulations as fix

A Congressional committee grilled airline CEOs at a hearing Tuesday over high-profile customer incidents that raised concerns about the treatment of airline passengers. Rep. Bill Shuster, R-Pa., chairman of the House transportation committee, raised the specter of increased regulation of airlines to address the issues, if airlines can’t fix the problems on their own. Some say limited competition...
Coke’s new CEO got a 40 percent salary bump with the new job

Coke’s new CEO got a 40 percent salary bump with the new job

James Quincey, Coca-Cola’s new chief executive, got a 40 percent raise in salary, to $1.3 million, Coca-Cola disclosed. Quincey’s pay also will include an annual bonus targeted at twice his salary, an undetermined amount of stock and stock option awards, and certain perks such as “reasonable personal use” of company aircraft. Last year, Quincey was paid almost $8.4 million...
Getting to know the man who invented the Choco Taco

Getting to know the man who invented the Choco Taco

Nothing makes us feel like kids again quite like hearing an ice cream truck spout its familiar jingle as it slowly rounds the corner and makes its way down the street. Alan Drazen started his ice cream career when he was in college. He drove an ice cream truck — just like the one that rolled through our childhood neighborhoods — for Good Humor in Philadelphia. From there, he transitioned...
Interns at these 25 companies likely make more money than you

Interns at these 25 companies likely make more money than you

Summer is nearing, and workplaces everywhere are awaiting the arrival of this year's interns to help out on extra projects and shoulder the seasonal load. But among certain companies, they're likely doing more than getting coffee and making copies. Or at least, they're being paid that way. According to a new report by the jobs site Glassdoor, the 25 best-paying companies for internships each pay their...
Leadership Atlanta names class of 2018 participants

Leadership Atlanta names class of 2018 participants

Eighty-six metro Atlanta leaders from a wide range of organizations have been selected to participate in Leadership Atlanta’s Class of 2018 Program. The program aims to “move Atlanta forward by delving deeply into the city’s issues,” according to a press release. “We are thrilled to welcome one of our largest, most diverse classes ever,” President and CEO Pat...
Atlanta airport: ‘Smart lanes’ ready for summer crowds

Atlanta airport: ‘Smart lanes’ ready for summer crowds

Hartsfield-Jackson International Airport has finished installing 22 so-called smart lanes at security checkpoints, completing the full roll-out of the new lanes aimed at speedier screening. Atlanta airport general manager Roosevelt Council announced the completion during testimony to Congress last week. The roll-out started about a year ago, as part of an effort to address long security lines that...
Study: Millennials aren't robot-proof

Study: Millennials aren't robot-proof

About half of millennials looking for work are interested in jobs that carry a risk of automation, a new study suggests. The findings indicate the youngest and most educated generation in the American work force isn't necessarily more robot-proof than older workers, who tend to be portrayed as the primary victims of automation.  "Millennials show a considerable amount of interest in occupations...
Coke seeks a lift from new CEO Quincey

Coke seeks a lift from new CEO Quincey

Monday is Day One for Coca-Cola’s new CEO. James Quincey, 52, a British-born veteran executive at the Atlanta icon, takes the job officially as predecessor Muhtar Kent retires after nearly a decade in the post. He is the 16th executive to head the company in the last 125 years. (Two, Robert W. Woodruff and Charles Howard Candler, headed the company twice.) Though Coke remains comfortably profitable...
Not a bad retirement fund: ex-CEO collects $72 million of Delta stock

Not a bad retirement fund: ex-CEO collects $72 million of Delta stock

Former Delta Air Lines CEO Richard Anderson walked away with more than $72 million in stock last year, the Atlanta airline disclosed Friday. The total, disclosed in Delta’s proxy filing Friday afternoon, included $64.8 million from Anderson’s exercise in 2016 of stock options that he had received as part of his pay over several years heading Delta. The transactions allowed him to...
Kempner: 67-year-old whistle blower in DeKalb case ‘just did my job’

Kempner: 67-year-old whistle blower in DeKalb case ‘just did my job’

Some people just can’t let stuff go. It sounds like it was that way for Deborah Cook, who at 67 may finally get some satisfaction – and a piece of a $4.6 million settlement – after making sure the feds held a DeKalb County company responsible for alleged wrongdoing. Cook told me she just couldn’t stomach what she believed was a company skirting accountability for its actions...
Coke at a crossroads with new CEO in charge

Coke at a crossroads with new CEO in charge

Legendary investor Warren Buffett once was quoted as saying Coca-Cola was such a strong company that a ham sandwich could run it. As new CEO James Quincey takes over from the outgoing Muhtar Kent on Monday, he faces challenges that have turned Buffett’s aphorism into a painful reminder of better days. The Atlanta icon is still hugely profitable, but increasingly under pressure. Soda sales stalled...
Delta buying jets from … Alabama?

Delta buying jets from … Alabama?

MOBILE, Ala. — An old Air Force base here is finding new life as the home of an Airbus assembly plant building jets for Delta Air Lines and other carriers. The $600 million plant, opened in 2015, is one of four Airbus aircraft manufacturing plants — and the only one in the United States. “It just made sense for us to be closer to our customers,” Airbus spokeswoman Kristi Tucker...
AT&T moving entertainment jobs out of Atlanta

AT&T moving entertainment jobs out of Atlanta

AT&T is moving several hundred jobs out of metro Atlanta and shifting them to Los Angeles and Dallas. The company confirmed Thursday that it plans the transfer but declined to offer details or to explain the reasons. “Our Entertainment Group will be moving a few hundred managerial jobs from Atlanta to Los Angeles and Dallas,” Lance Skelly, an AT&T spokesman in Atlanta, said in a statement...
Info on Home Depot customers exposed (but no financial data)

Info on Home Depot customers exposed (but no financial data)

 A spread sheet listing about 8,000 customers, along with their transaction and a range of personal information, was posted for an unknown amount of time, on a Home Depot web site. No financial data was part of the list, which did not compare with the 2014 data breach in which hackers installed software that provided them with personal and financial information for 56 million Home Depot...
AT&T moving entertainment jobs out of Atlanta

AT&T moving entertainment jobs out of Atlanta

AT&T is moving several hundred jobs out of metro Atlanta and shifting them to Los Angeles and Dallas. The company confirmed Thursday that it plans the transfer but declined to offer details or to explain the reasons. “Our Entertainment Group will be moving a few hundred managerial jobs from Atlanta to Los Angeles and Dallas,” Lance Skelly, an AT&T spokesman in Atlanta, said in a statement...
Atlanta unemployment down: 7 ways to pretend you know what you're talking about

Atlanta unemployment down: 7 ways to pretend you know what you're talking about

The metro Atlanta unemployment rate fell in March to 4.6 percent from 4.9 percent in February, the state Labor Department reported Thursday.  After seven years of job growth, the metro jobless rate has fallen back below the level of Dec. 2007, the month that the Great Recession began. Since hitting bottom, the economy has added 489,000 jobs, and while the workforce has grown too, it has...
Kempner: Braves push our buttons to sell SunTrust Park

Kempner: Braves push our buttons to sell SunTrust Park

The Atlanta Braves are spending a chunk of change to welcome you back to the place they’ve just moved into and you’ve never been. They’re hoping the pitch pays off by making regulars out of casual fans. And they expect to get a younger crowd. You’ve probably seen or heard ads from the team’s “Welcome Home” marketing campaign, a sweeping effort that includes...
Outgoing Coke CEO: Job cuts give ‘ammunition’ for growth

Outgoing Coke CEO: Job cuts give ‘ammunition’ for growth

A day after Coca-Cola announced plans to ax more than 1,200 corporate jobs, most of them at the Atlanta headquarters, outgoing CEO Muhtar Kent said the cuts were necessary to give the company “ammunition” for future growth. “We don’t take decisions about job impacts lightly,” Kent said Wednesday at the company’s annual shareholder meeting at its World of Coke museum...
Marietta ice cream plant wary of Trump talk on NAFTA, import tax

Marietta ice cream plant wary of Trump talk on NAFTA, import tax

Keith Schroeder, founder of High Road Ice Cream & Sorbet, surveys the storage room of his Marietta plant and ticks off countries that supply ingredients: Mexico, Japan, Thailand, Canada, Tanzania, Ivory Coast and Madagascar, to name just a few. “This is like the U.N. in here!” he exclaims. “This is neat.” That smiling embrace of global trade is now tempered by uncertainty,...
AJC reporter talks jobs, the economy on WSB radio Thursday morning

AJC reporter talks jobs, the economy on WSB radio Thursday morning

 Thursday morning, the state Department of Labor releases the latest report on jobs and unemployment in Georgia, and AJC reporter Michael E. Kanell will be on WSB radio to talk about it.  Kanell has been covering the labor and housing markets for years. His appearances on WSB are a regular feature, giving listeners in metro Atlanta an opportunity to hear Kanell’s expertise on...
Coke’s Atlanta HQ to feel brunt of job cuts

Coke’s Atlanta HQ to feel brunt of job cuts

Coca-Cola said Tuesday it will cut 1,200 corporate jobs this year as part of an expanded cost-cutting program as it grapples with sluggish soda sales and internal restructuring. Coke President James Quincey, who takes over as chief executive of the Atlanta giant on May 1, announced the job cuts during a conference call with investors after the company’s first-quarter earnings announcement. Quincey...
Atlanta home prices aren’t rising as fast as the national average

Atlanta home prices aren’t rising as fast as the national average

Home values in metro Atlanta keep rising, 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, the S&P/Case-Shiller House Price Index showed. Case-Shiller calculates a three-month average of prices across...
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...
Southwest No. 2, Delta No. 5 in latest airline ranking

Southwest No. 2, Delta No. 5 in latest airline ranking

JetBlue Airways ranks No. 1 in a new airline ranking from the American Customer Satisfaction Index, while Spirit Airlines ranks last. In second place in the ranking released Tuesday is Southwest Airlines. Delta Air Lines is in the middle, improving its score by 7 percent from last year. United, Frontier and Spirit are in the bottom three positions. Delta is the largest airline in Atlanta, controlling...
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...

Cutting property taxes tough, but possible

Founding Father Benjamin Franklin is quoted as saying: “In this world nothing can be said to be certain, except death and taxes.” But when it comes to property taxes, there’s likely still a way for you to change the outcome for this year. In all Georgia counties except Gwinnett, you still have time to appeal your assessment, though the window for that process is closing fast. How...
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