Business


Wes Moss: Why bitcoin is a big deal, and why you should be careful

Bitcoin. It’s everywhere. Thanks to its skyrocketing value, it’s been a regular topic on the front page of every financial website. One bitcoin is currently worth $5,500, up from $1,000 in December. I hear what you’re thinking. Wow. So, what’s bitcoin? And am I missing out on something? Bitcoin, simply put, is a currency, similar to the dollar, euro or peso. Unlike traditional...


Reed: Georgia leaving ‘nothing on the table’ in hunt for Amazon HQ2

Reed: Georgia leaving ‘nothing on the table’ in hunt for Amazon HQ2

Georgia formally entered the sweepstakes for Amazon’s second headquarters campus Thursday with a pitch one top leader called “the most aggressive” package the state has ever offered. Georgia officials were mum about the contents of the state’s bid, but the state’s formal package of information, including possible sites and incentives, has been delivered to the company...
Kempner: How Cobb, Gwinnett and N. Fulton lost 50,000 Amazon jobs

Kempner: How Cobb, Gwinnett and N. Fulton lost 50,000 Amazon jobs

It’s probably too late for most of us in metro Atlanta’s biggest suburbs to get off our fannies and make Amazon love us enough. Too bad: 50,000 jobs would have been wondrous for Cobb, Gwinnett, much of north Fulton and most of the other communities out here. That’s just the latest price of our dithering on creating and paying for serious public transit. Seattle-based Amazon...
Delta CEO says airline won’t pay jet tariffs, Alabama plant plays role

Delta CEO says airline won’t pay jet tariffs, Alabama plant plays role

In the middle of a “Buy American” trade dispute over jets Delta Air Lines is buying from a Canadian manufacturer, Delta CEO Ed Bastian says the airline will not pay any of the massive tariffs proposed by the Trump administration. And, he now expects Delta will take delivery of the jets from a final assembly facility in Mobile, Ala., thanks to a blockbuster deal announced this week...
6 legit money-saving hacks for apartment renters

6 legit money-saving hacks for apartment renters

From the moment you start searching for an apartment until your last goodbye to the landlord, there are numerous fees, utility costs and more than can make having your own place a little more expensive than you planned. There are several money-saving hacks to trim some of those added costs, according to frugal bloggers, lifestyle pro's and real estate experts. While November through February offer...
These metro Atlanta companies are making big hires this holiday season

These metro Atlanta companies are making big hires this holiday season

If you're looking for a job, it's a great time of year to apply. Many companies are looking to beef up their hiring in anticipation of the holiday season, and in some cases, these positions may translate into longer-term employment. These are some of the metro Atlanta companies that are making big hires this holiday season: Target is increasing its holiday hiring this year, adding 100,000 people to...
Government watchdogs reject Equifax appeal on IRS contract

Government watchdogs reject Equifax appeal on IRS contract

Government watchdogs have rejected an Equifax appeal of last week’s decision by the IRS to take away a $7.25 million contract from the embattled Atlanta company. According to a report in Politico, the Government Accountability Office on Monday denied a protest filed by Equifax, which had hoped to hold on to a contract to provide help to the Internal Revenue Service. That contract was ...
Delta calls Airbus A350 its ‘new flagship aircraft’

Delta calls Airbus A350 its ‘new flagship aircraft’

Delta Air Lines’ new flagship aircraft will be its extra wide-body Airbus A350 jet, said chief operating officer Gil West. The airline will begin flying the jet Oct. 30 on its Detroit-Tokyo Narita route and also will use it to fly from Detroit to Seoul and to Beijing starting in November and in January. PHOTOS: Take a look inside the Delta Airbus A350 From Atlanta, Delta plans to fly...
Kempner: Which of these startups will be a billion-dollar business?

Kempner: Which of these startups will be a billion-dollar business?

If you know anyone who’s started a business, you know being an entrepreneur trying to market something cool and new can be brutally hard. And mighty expensive. Which is why the last couple weeks have been big ones for owners of some Georgia startups. Dozens exhibited and pitched their businesses to investors or potential customers at several area events, from a Techstars Atlanta demo day...
5 cheap purchases that cost you more in the long run

5 cheap purchases that cost you more in the long run

Saving money often involves finding a way to pay less for something that you want or need. But sometimes the old adage about being "penny wise, pound foolish" applies, as the cheaper way out can end up costing you. For certain purchases, spending more money up front can help you save in the long run. Trying to save a few dollars per lightbulb doesn't pay off, according to The Simple...
Save money, stop fraud: 4 things to watch on your credit card statement

Save money, stop fraud: 4 things to watch on your credit card statement

With credit cards, what you don't know can cost you.  Luckily, most of what you need to know is right at your fingertips − your credit card statement. Review it with a critical eye, and you'll save money, correct errors and even stop fraud.  Your transactions: Credit card companies do make errors. Review your statement every month to catch these errors early and correct them,...
Atlanta-based company with device to fight opioid overdoses

Atlanta-based company with device to fight opioid overdoses

An Atlanta-based start-up is preparing to launch a business aimed at providing dispensing devices that make it harder for patients to overuse opioid painkillers. Intent Solutions will begin selling its TAD – “Take as Directed” – device in December, officials said. The product is a response to a widespread, national crisis that some argue was sparked by over-enthusiastic marketing...
Atlanta-based Southern Co. sells New Jersey units

Atlanta-based Southern Co. sells New Jersey units

A Southern Co. subsidiary has sold several gas companies to South Jersey Industries for $1.7 billion. Southern Co. Gas today announced the deal early Monday. They said the deal is expected to be complete by the third quarter of next year. The company believes the sale will reduce costs, while adding to shareholder value, according to a statement by Thomas Fanning, chairman, president and CEO...
Porsche launching subscriber program in Atlanta

Porsche launching subscriber program in Atlanta

Imagine you’re thinking about taking a relaxing drive in the mountains on a beautiful fall day. You grab your smartphone, call up an application and in short order, a gleaming new convertible arrives at your location. The next day you need a luxury SUV to haul the kids to a soccer tournament. Hit the app and you get the vehicle. Sound incredible? Well, the folks at Porsche Cars North America...
IRS suspends Equifax contract, cites ‘new information’

IRS suspends Equifax contract, cites ‘new information’

The Internal Revenue Service has suspended its $7.25 million contract with Atlanta-based Equifax, the agency announced Friday. The decision came a day after the company was forced to shut down one of its customer service web sites, a page that had been manipulated by hackers who had apparently placed malicious software on the site. That hijacking was acknowledged by Equifax after the misuse of...
Atlanta business group proposes agenda for next mayor

Atlanta business group proposes agenda for next mayor

A group of corporate and university leaders has issued a framework for improving Atlanta, hoping to get a head-start influencing policy under a new mayor. While the outline released today by the Atlanta Committee for Progress contains few specifics, the group has called on the next mayor to follow policies that embrace five priorities: • financial strength • a more inclusive economy...
Kempner: One Atlanta suburb’s goal? Ditch ugly; embrace charming

Kempner: One Atlanta suburb’s goal? Ditch ugly; embrace charming

Lawrenceville, the county seat of Gwinnett and the oldest incorporated city in metro Atlanta, doesn’t have a monopoly on ugly. For decades, though, it didn’t seem like it opposed the concept. The historic square downtown was nicely rehabbed years ago. Good restaurants and a popular theater have taken root there. But pawnshops, used-car lots, disjointed development and loud signs contorted...
Amazon bid kicks off another Olympics-like chase for Atlanta

Amazon bid kicks off another Olympics-like chase for Atlanta

Amazon triggered more than a bidding war when it publicly aired its search for a second headquarters. It set off a once-in-a-generation competition. Atlanta is smack in the middle of an international sweepstakes with just about every other major city in North America, each pitting its own civic touchstones and cultural treasures against one another for the crown jewel in the tech giant’s treasury...
E-commerce hubs and new expansion projects coming to Savannah port

E-commerce hubs and new expansion projects coming to Savannah port

Georgia’s ports enjoyed a record breaking year for cargo in the past fiscal year, and that growth is a driver for private investment expected to bring hundreds of new logistics jobs to the Savannah region. Furniture retailer Noble House and home accessories seller Best Choice each plan large new East Coast distribution hubs near the Savannah port, Georgia Ports Authority Executive Director...
Anthem tower in Midtown a salvo in the war for talent

Anthem tower in Midtown a salvo in the war for talent

The new Midtown tower will offer the company room for potential future expansion to 3,000 IT professionals, a spokeswoman said. Tom Miller, Anthem chief information officer, said as the company began hiring for its software center, it learned that each two new hires created an addition role for a contract IT or consulting position to aid in the tech hub’s mission. That has created the need for...
Manipulation of web site was via “third-party” says Atlanta-based Equifax

Manipulation of web site was via “third-party” says Atlanta-based Equifax

In what at first looked like yet another incident of hacking, Equifax has taken down a web page because of suspicion that it had been manipulated. The site, one of the embattled company’s customer service offerings, was delivering fraudulent updates for Adobe Flash, which – when clicked – would infect a visitor’s computer with unwanted software, according to a security...
Head of SEC’s Atlanta office will step down

Head of SEC’s Atlanta office will step down

The regional director of the U.S. Securities and Exchange Commission’s Atlanta office is leaving the agency. Walter Jospin will step down once his successor is chosen, according to an SEC news release. He has held the position since February 2015. Jospin leads a staff of about 100 attorneys, accountants, compliance examiners and other specialists who take on white collar cases throughout the...
New distribution hubs coming to Savannah as part of ports boom

New distribution hubs coming to Savannah as part of ports boom

Georgia’s ports enjoyed a record breaking year for cargo in the past fiscal year, and that growth is a driver for private investment expected to bring hundreds of new logistics jobs to the Savannah region. Furniture retailer Noble House and home accessories seller Best Choice each plan large new East Coast distribution hubs near the Savannah port, Georgia Ports Authority Executive Director...
Anthem tech hub to anchor new Midtown Atlanta tower near Georgia Tech

Anthem tech hub to anchor new Midtown Atlanta tower near Georgia Tech

The parent company of Blue Cross/Blue Shield plans to move the Atlanta technology hub it announced last year to a new Midtown office tower near Technology Square. Health insurance giant Anthem said in a news release Thursday the company will anchor a 21-story office tower by developer Portman Holdings at 4th and West Peachtree streets that should open by 2020. Anthem made waves last October...
Equifax breach included data on 10.9 million driver’s licenses

Equifax breach included data on 10.9 million driver’s licenses

No wait, it gets worse for Equifax: The massive data breach announced last month by the company apparently included driver’s license data for nearly 11 million Americans. The information, which could make it easier to commit identity theft and other fraud, was part of the breach first announced Sept. 7, according to the Wall Street Journal, which quoted “people familiar with the matter...
Delta battles rise in costs including hurricane flight cancellations

Delta battles rise in costs including hurricane flight cancellations

Delta Air Lines said flight cancellations due to Hurricane Irma are putting pressure on its costs, but after a busy summer travel season revenues are improving. “While we faced a number of challenges this quarter, including multiple hurricanes and an earthquake in Mexico, I am proud of how Delta people responded and still delivered an outstanding performance this quarter,” said...
Delta CEO on jet deal: ‘We will not pay those tariffs’

Delta CEO on jet deal: ‘We will not pay those tariffs’

Amid a heated trade dispute over a Delta Air Lines order for jets made by Canadian manufacturer Bombardier, Delta CEO Ed Bastian said the airline will not pay tariffs proposed by the U.S. Commerce Department. At issue is Delta’s order last year of 75 Bombardier C Series jets, which prompted Boeing to allege that Bombardier was getting illegal subsidies and dumping its product into the U...
Delta battles rise in costs including Hurricane Irma flight cancellations

Delta battles rise in costs including Hurricane Irma flight cancellations

Delta Air Lines said flight cancellations due to Hurricane Irma are putting pressure on its costs, but after a busy summer travel season revenues are improving. "While we faced a number of challenges this quarter, including multiple hurricanes and an earthquake in Mexico, I am proud of how Delta people responded and still delivered an outstanding performance this quarter," said Delta...
Contractors sentenced to prison in Atlanta City Hall bribery scheme

Contractors sentenced to prison in Atlanta City Hall bribery scheme

Two contractors who admitted last winter to paying bribes to win city of Atlanta contracts on Tuesday became the first two people sentenced to federal prison for their parts in the long-running pay-to-play scandal. Elvin “E.R.” Mitchell Jr., 63, a politically connected Atlanta contractor and the federal government’s star witness, was sentenced to five years in prison. A few hours...
Hurricane Nate slowed down the drop in metro Atlanta gas prices

Hurricane Nate slowed down the drop in metro Atlanta gas prices

Unlike the two prior storms, Hurricane Nate seems to have been just a speed bump on the road to lower gas prices in metro Atlanta. Nate, which weakened to a tropical depression over the weekend, had slashed through Louisiana, Mississippi and Alabama, soaking much of Georgia in passing, but it had minimal impact on gas production and distributions. At most it slowed the drop in prices. That pattern...
Delta sponsors Masters Tournament

Delta sponsors Masters Tournament

Delta Air Lines will become a major sponsor of the Masters Tournament starting in 2018. The Atlanta-based carrier will be an international partner of the tournament, along with UPS and Rolex. Delta CEO Ed Bastian said in a written statement that the deal will help the airline grow its brand with global customers. The company plans to promote the Masters partnership with advertising and social...
Updated: Contractors at center of Atlanta bribery scandal sentenced to federal prison

Updated: Contractors at center of Atlanta bribery scandal sentenced to federal prison

Two contractors who have pleaded guilty to a conspiracy to pay bribes to win city of Atlanta contracts were sentenced to prison on Tuesday in federal court.   Elvin “E.R.” Mitchell Jr., a politically connected Atlanta contractor and the federal government’s star witness in its long-running bribery investigation, was sentenced Tuesday to five years in prison for his role...
Mitchell expands call to clean up Atlanta contracting amid bribe probe

Mitchell expands call to clean up Atlanta contracting amid bribe probe

Atlanta City Council President Ceasar Mitchell said Monday he wants to install an independent compliance officer to root out fraud and review purchasing at City Hall. Mitchell, who is running to succeed Mayor Kasim Reed, said he wants someone of the pedigree of former acting-U.S. Attorney General Sally Yates or former U.S. Attorney Richard Deane in the role. The bribery scandal has shaken up...
UPS starting negotiations on massive Teamsters contracts

UPS starting negotiations on massive Teamsters contracts

UPS says it has started contract talks with the International Brotherhood of Teamsters on new collective bargaining agreements covering 250,000 workers. The current five-year Teamsters contract covering drivers, package sorters and loaders, operations and dock workers runs through July 31, 2018. UPS said it has had contracts with the Teamsters since the 1930s, growing from a few thousand Teamsters-represented...
Delta-Bombardier deal at center of U.S.-Canada trade dispute

Delta-Bombardier deal at center of U.S.-Canada trade dispute

Delta Air Lines is caught in the cross-hairs of a Trump administration “Buy American” fight against the carrier’s deal to buy jets from a Canadian aircraft manufacturer. Atlanta-based Delta negotiated low prices to purchase 75 Bombardier jets along with options for 50 more aircraft. That move prompted rival Boeing to allege that Bombardier was getting illegal subsidies and dumping...
Atlanta tech growing; Indian firm hires in Alpharetta

Atlanta tech growing; Indian firm hires in Alpharetta

The American arm of a large, global Indian tech firm is adding more than 100 positions in Alpharetta. Tech Mahindra, which has 115,850 employees and a $4.5 billion-a-year global business, will pay salaries of up to $125,000 for the jobs here, most of which will be filled by engineers, according to a spokesman for the company. “The hiring has already begun and will continue through...
Atlanta second-best for making a tech salary go further

Atlanta second-best for making a tech salary go further

For purchase power, metro Atlanta tech salaries pack the second-strongest punch in the country, according to an analysis by an Austin-based jobs site. By the standards of places like Silicon Valley, the pay for Atlanta tech workers is really pretty modest. But when it comes to how much you can stretch that paycheck, Atlanta may make the hotshots in California look underpaid, said the...
Wes Moss: A former FBI agent’s advice on protecting yourself from cyberfraud

Wes Moss: A former FBI agent’s advice on protecting yourself from cyberfraud

In this day and age, we all have to take cyber security very seriously. And with good reason: Equifax, Yahoo!, Target, and the list continues to grow of major company data breaches. Given the opportunity, the seemingly never-ending parade of techno criminals would take you to the proverbial cleaners. These hackers employ new and nefarious techniques to steal your identity, drain your accounts and...
Hartsfield-Jackson grows, but what about smaller airports?

Hartsfield-Jackson grows, but what about smaller airports?

Big cities are gaining while smaller towns are losing when it comes to airline service, according to an industry report by Airlines Council International. Some smaller airports are shrinking in passenger traffic as large airports grow even larger, ACI said its World Airport Traffic Report shows. The airport “mega-hubs” of the world grew 5.5 percent year-over-year in 2016, according...
Atlanta wages up, but not as fast as housing costs

Atlanta wages up, but not as fast as housing costs

It looks like most working people in Atlanta have been getting raises, but the average bump of 1.5 percent may not be enough to cover the increase in rent or mortgage. There’s been sluggish growth in wages pretty much across the board, with the best pay hikes coming in jobs that are not that high-paying, according to a report from Glassdoor. “Wage growth continued its slightly upward...
Atlanta-based staffing company Hire Dynamics buys Charlotte rival

Atlanta-based staffing company Hire Dynamics buys Charlotte rival

An Atlanta-based staffing company has acquired a similar, Charlotte-based firm, a combination that creates a company with roughly 38,000 jobs – half of them in Atlanta. The merged company will be one of the five largest staffing firms in the southeastern United States. Hire Dynamics, which typically arranges work for about 22,000 people, has purchased StaffMasters, which handles job assignments...
Delta wants more passengers to pay for first class

Delta wants more passengers to pay for first class

If you’re hoping to get a free upgrade to first class on your next flight, don’t get your hopes up. Delta Air Lines is moving away from giving frequent fliers the big seats in the front gratis, and instead wants customers to pay for them. It’s a point driven home by Delta CEO Ed Bastian at a recent travel industry conference. “Any business where you give the majority of your...
Despite data breach, Equifax likely to escape corporate death penalty

Despite data breach, Equifax likely to escape corporate death penalty

Equifax couldn’t protect the personal data of millions of Americans, but the company may yet successfully defend itself. The massive data breach announced Sept. 7 did untold damage to individual consumers and the nation’s financial system, enough for some experts to take seriously the possibility of a corporate death penalty, but most say the odds favor survival for the Atlanta-based...
Atlanta’s soccer shocker? Ridiculous success with fans

Atlanta’s soccer shocker? Ridiculous success with fans

A strange virus is running rampant through metro Atlanta, with the potential to shake things in ways we hadn’t expected. We’ve seen symptoms: red, black and gold flags billowing all over town. A throng of the infected walked right by John Wilson, a reasonable football guy, as he stood outside Mercedes-Benz Stadium on a recent weekday evening. “I didn’t know this many people...
Senators call for more actions from Equifax in wake of hack

Senators call for more actions from Equifax in wake of hack

As former Equifax Chief Executive Richard Smith appeared Wednesday for the second of three Congressional hearings this week, senators called for the company to do more to make amends to almost 146 million Americans affected by a massive hacking incident. The suggestions ranged from calls for Equifax to take more legal and financial responsibility for the likely harm to consumers, to demands that the...
Aman says he would halt Atlanta airport procurement ‘if I were mayor’

Aman says he would halt Atlanta airport procurement ‘if I were mayor’

Atlanta mayoral candidate Peter Aman on Wednesday said that if he were mayor he would stop a large airport procurement for new shops at the Atlanta airport which has come under scrutiny amid the ongoing City Hall bribery scandal. Aman, a former chief operating officer under Mayor Kasim Reed, was quick not to criticize the current mayor and ongoing operations of the city. But he said there were &ldquo...
Senators call for more actions from Equifax in wake of hack

Senators call for more actions from Equifax in wake of hack

Former Equifax Chief Executive Richard Smith appeared Wednesday for the second of three Congressional hearings he is facing this week over the company’s massive hacking incident affecting almost 146 million Americans. Here are some snapshots from today’s hearing before the Senate Banking, Housing and Urban Affairs Committee, where a video replay is available online: Give it back Stock...
Equifax’s ex-CEO gets a grilling in Washington over data breach

Equifax’s ex-CEO gets a grilling in Washington over data breach

Sitting alone before a panel of dozens of lawmakers in Washington, D.C., former Equifax CEO Richard Smith tried Tuesday to explain how the Atlanta company he recently headed allowed hackers to steal the most private identifying information for half a nation. “My name is Rick Smith,” said the executive, calm but appearing chastened. An apology quickly followed. “The criminal hack...
Two Georgia counties on list where home buying makes most sense

Two Georgia counties on list where home buying makes most sense

If you feel like now is the time to buy a house, then where is the place? When it comes to finding the place where it makes the most financial sense to buy rather than rent a home, two counties near metro Atlanta rank in the top 10: Walton and Hall, according to report by a personal finance company. Turns out that you’re better off buying in the city of Atlanta only if you plan to own the house...
Delta, UPS operate Puerto Rico relief flights

Delta, UPS operate Puerto Rico relief flights

Two Atlanta-area companies are operating Puerto Rico relief flights. Sandy Springs-based UPS and Atlanta-based Delta Air Lines are each operating relief flights to Puerto Rico, bringing emergency supplies. Delta operated its third humanitarian flight to San Juan, Puerto Rico on Friday, carrying 50 state troopers, 100 FEMA officials, electricians, workers to help remove debris and other relief workers...
Mr. Smith goes to Washington

Mr. Smith goes to Washington

Equifax CEO Richard Smith told lawmakers at a Tuesday hearing that the company’s massive investments in data security didn’t work because one individual failed to tell the right people to patch faulty software. On March 8, Equifax got a notice from the U.S. Department of Homeland Security that software it used, called Apache Struts, had a “vulnerability” to hackers. The next...
Kempner: Last assignment for Equifax's ex? Survive Capitol Hill 

Kempner: Last assignment for Equifax's ex? Survive Capitol Hill 

Speak really slowly and stall when testifying before hostile lawmakers on Capitol Hill, a corporate executive once suggested. But that won’t be an easy task for former Equifax CEO Richard “Rick” Smith this week. Starting today, Smith is slated to be on the hot seat in multiple House and Senate hearings digging into Atlanta-based Equifax’s massive breach ...
Timeline of the hacking of Equifax

Timeline of the hacking of Equifax

Ex-Equifax CEO Richard Smith told lawmakers Monday that “both human error and technology failures” opened the way for a massive hacking incident in which thieves got away with sensitive information on more than 145 million Americans. Here’s a chronology of what happened, based on his prepared testimony before a hearing Tuesday by the House Energy and Commerce Committee...
Ex-Equifax CEO apologizes for hack, blames human and technical errors

Ex-Equifax CEO apologizes for hack, blames human and technical errors

On March 8, Atlanta-based Equifax received an urgent notice from the U.S. Department of Homeland Security. A vital security update needed to be installed in a software application used on its websites and those of many major companies. The alert was sent the next day via email to the Equifax personnel who oversee security of the application, known as Apache Struts. It’s Equifax’s policy...
Plant Vogtle partners get first $300 million “guarantee” payment

Plant Vogtle partners get first $300 million “guarantee” payment

Georgia Power said it and its partners in Plant Vogtle received $300 million from Toshiba Corp. Monday, the first installment of almost $3.7 billion aimed at covering cost overruns at the troubled project. The Japanese conglomerate promised to pay $3.68 billion in installments after subsidiary Westinghouse Corp., formerly a key contractor at Plant Vogtle, filed bankruptcy in March. Projected ...
Delta CEO lauds Trump tax reform plan

Delta CEO lauds Trump tax reform plan

Delta Air Lines CEO Ed Bastian praised President Donald Trump’s tax reform plan, in advance of Congress this week taking its first legislative steps on the matter. Trump has proposed a plan to slash taxes, calling for a reduction of the corporate tax rate to 20 percent from 35 percent.  The plan also aims to simplify and cut taxes for the middle class by doubling the standard...
Ex-Equifax CEO blames human and technical errors for massive breach

Ex-Equifax CEO blames human and technical errors for massive breach

Former Equifax Chairman and CEO Rick Smith will tell members of Congress on Tuesday that a mixture of “human error and technology failures” led to a breach of the credit bureau’s security in a hack that compromised the personal information of more than 140 million people. In prepared remarks, Smith is expected to address what is known about the breach so far and explain a number...
These metro Atlanta companies are making big hires this October

These metro Atlanta companies are making big hires this October

There are number of employers making big hires in the metro Atlanta this October, including Grady Hospital and Toys R Us. In the case of retail jobs, some companies are already starting to hire for the holidays, and some of these seasonal employees may be retained for regular employment. If you're looking for a job, here's a brief snapshot of what's available this October: Grady is hiring Certified...
Guilty plea, FBI raid of vendor roil debate over Atlanta contracting

Guilty plea, FBI raid of vendor roil debate over Atlanta contracting

Citing a guilty plea this week by Atlanta’s former purchasing director and a raid by the FBI on the office of a longtime city vendor, a local watchdog group and several mayoral candidates renewed calls Friday for reforms to the city’s procurement process and a halt to the awarding of certain large-scale contracts. Amid an ongoing federal bribery probe of city hall, Adam Smith, the...
Energy Department offers extra $3.7 billion loan backing for Plant Vogtle

Energy Department offers extra $3.7 billion loan backing for Plant Vogtle

The Department of Energy has given initial approval for $3.7 billion in additional loan guarantees to help cover more cost overruns at the troubled Plant Vogtle project. The U.S. agency said Friday it gave conditional approval of loan guarantees for the project to add two new nuclear reactors at the plant near Augusta, drawing praise from Georgia Power and other supporters, and anger from...
5 things that are costing you the promotion you want

5 things that are costing you the promotion you want

When you're looking to make more money at work, an annual raise probably won't do too much to make your life easier. You'll probably need a promotion if you want to earn enough of a wage increase to have a noticeable impact on your budget. If you're angling for a promotion, you'll naturally want to make the best impression possible on the higher-ups at your company. But without realizing it, you could...
Georgians take a $300 million-plus hit from Irma

Georgians take a $300 million-plus hit from Irma

Hurricane Irma, which had weakened to a tropical storm by the time it hit Georgia earlier this month, still packed a wallop, causing at least $300 million in insured losses, according to Georgia Insurance Commissioner Ralph Hudgens. “Our preliminary estimate today is $336 million in damage across Georgia. That figure may rise as new claims are submitted,” Hudgens said Thursday in a statement...
Equifax breach stirs consumer fears; experts say protect yourself

Equifax breach stirs consumer fears; experts say protect yourself

The massive hack of data from Equifax has spurred consumer anger and a rush by many to take defensive measures to protect their personal information. But it’s also sparked this: A lurking fear that whatever consumers do, it will never be enough. The consumer reporting agency announced nearly a month ago that information for as many as 143 million Americans may have been compromised in a colossal...
FedEx hiring 2,300 seasonal workers in Atlanta

FedEx hiring 2,300 seasonal workers in Atlanta

FedEx is adding 2,300 jobs in metro Atlanta to handle the surge of packages during the holiday season. The company is already hiring so that they can staff up in November for the roughly three-month-long escalation in demand for help, according to Jonathan Lyons, a spokesman for the Memphis-based company. The jobs here will be part of a holiday hiring wave that FedEx said will add 50,000 positions...
Energy Department offers extra $3.7 billion loan backing for Vogtle

Energy Department offers extra $3.7 billion loan backing for Vogtle

The Department of Energy has given initial approval for $3.7 billion in additional loan guarantees to help cover more cost overruns at the troubled Plant Vogtle project. The U.S. agency said Friday it gave conditional approval of loan guarantees for the project to add two new nuclear reactors at the plant near Augusta. The commitments include $1.67 billion to Georgia Power, which owns almost half...
Kempner: Thieves taking over 401(k) accounts. How to protect yours

Kempner: Thieves taking over 401(k) accounts. How to protect yours

Haven’t checked your retirement account balance in awhile? Um, now might be a good time. Few financial nightmares are as frightening as life savings being looted by identity thieves. It isn’t easy, but it’s also not quite as difficult as I had thought. Steven Voss checked his 401(k) account balance a couple months back. It was empty. “It’s an awful feeling,” he...
Georgians take a $300 million-plus hit from Irma

Georgians take a $300 million-plus hit from Irma

Hurricane Irma, which had weakened to a tropical storm by the time it hit Georgia earlier this month, still packed a wallop, causing at least $300 million in insured losses, according to Georgia Insurance Commissioner Ralph Hudgens. “Our preliminary estimate today is $336 million in damage across Georgia. That figure may rise as new claims are submitted,” Hudgens said Thursday in a statement...
Hartsfield-Jackson to begin heavy lifting of canopy construction

Hartsfield-Jackson to begin heavy lifting of canopy construction

The first truss of steel will soon be lifted into the air to begin building massive curbside canopies at Hartsfield-Jackson International — and that means traffic congestion for travelers trying to navigate around the world’s busiest airport. This Sunday, trusses will be moved from a staging area to the terminal curbside roads to start the heavy lifting of the project. Each truss...
Equifax to offer free credit freezes for life, new CEO says

Equifax to offer free credit freezes for life, new CEO says

Equifax’s new interim chief executive said the company is planning to offer a new life-long credit freeze service for free by the end of January. Paulino do Rego Barros Jr., who was named the company’s new CEO on Tuesday, announced that move Thursday, along with other efforts to improve its problem-plagued response to a massive data theft affecting 143 million Americans. “On...
Ex-Atlanta official’s guilty plea raises new questions in bribery probe

Ex-Atlanta official’s guilty plea raises new questions in bribery probe

Atlanta’s ex-purchasing chief entered the federal courtroom Tuesday in a crisp navy suit, briefcase in hand. He looked the part of a trial lawyer, not a defendant about to plead guilty to taking more than $30,000 in bribes. Adam Smith, in fact, is an attorney. He earned a juris doctor from Georgetown University, part of a C.V. that includes a master’s in public health from Yale and...
Delta switches contractors, affecting jobs at Atlanta airport

Delta switches contractors, affecting jobs at Atlanta airport

Delta Air Lines is switching contractors at Hartsfield-Jackson International Airport, affecting jobs for more than a thousand workers. Atlanta-based Delta is shifting the work done by wheelchair agents who help passengers around the world’s busiest airport from contractor ABM to its own subsidiary Delta Global Services effective Nov. 15. The move affects 1,179 jobs at Hartsfield-Jackson...
Equifax to offer free credit freezes for life, new CEO says

Equifax to offer free credit freezes for life, new CEO says

Equifax’s new interim chief executive said the company is planning to offer a new life-long credit freeze service for free by the end of January. Paulino do Rego Barros Jr., who was named the company’s new CEO on Tuesday, announced that move Thursday, along with other efforts to improve its problem-plagued response to a massive data theft affecting 143 million Americans. “On...
Delta to increase profit sharing for employees

Delta to increase profit sharing for employees

Delta Air Lines is boosting profit sharing for employees, matching the rate the carrier’s pilots already get. Atlanta-based Delta has been paying out 10 percent of its pre-tax profits to non-pilot employees. Delta switched to the current profit sharing formula for most employees in 2016, which pays out less than it previously did if Delta’s profits grew. The airline disclosed the...
Former Equifax CEO walks with at least $48.9 million stake and pension

Former Equifax CEO walks with at least $48.9 million stake and pension

Former Equifax Chief Executive Richard Smith will walk away from the company with at least $48.9 million in company stock and pension benefits, according to company disclosures. That has some lawmakers upset, who believe the man who was in charge of the company during one of America’s worst data breaches should give up some compensation through so-called “clawback” provisions. Some...
Trump talk of Korea trade re-boot spurs worry about Georgia business

Trump talk of Korea trade re-boot spurs worry about Georgia business

Talk of ripping up the current trade deal with South Korea and renegotiating a new pact has sparked fears that the change would hurt trade, chill investment and kill jobs in Georgia. Trade deals set the rules that can make it easier — or harder — to ship goods, to get through ports, to sell at a competitive price and to invest in a business venture. The U.S.-Korea Free Trade Agreement...
Kempner: 143 million reasons to be mad at Equifax’s CEO

Kempner: 143 million reasons to be mad at Equifax’s CEO

There’s an old saying that’s not always true: You get what you pay for. Unfortunately, Equifax’s board got exactly what it paid for when it lavished money on now-former CEO, Richard “Rick” Smith. Smith was hired to grow Equifax big time. That’s exactly what he did while acquiring a massive trove of sensitive data on nearly a billion people. What he and the board...
Equifax CEO Rick Smith out after massive data breach

Equifax CEO Rick Smith out after massive data breach

Equifax Chairman and CEO Rick Smith has stepped down in one of its biggest moves so far to right its ship after the company’s massive data breach. The move, described Tuesday as a retirement, is effective immediately. Smith’s sudden departure prompted a trading suspension of the company’s stock Tuesday morning until the news was released. The news comes as Equifax’s shares...
House-hunting for first-time metro Atlanta buyers is best off-season

House-hunting for first-time metro Atlanta buyers is best off-season

Housing sales are down. Prices are soft. Interest rates are going to rise. Yet coming soon is the best time of year for the first-time buyer to look for a home, according to an online real estate site. The best time to buy starter homes in metro Atlanta is the first quarter of the year, January through March, according to Trulia. The price of lower-tier homes in Atlanta drops 6 percent during that...
Metro Atlanta housing market unbalanced and cooling, experts say

Metro Atlanta housing market unbalanced and cooling, experts say

Home sales are down, but prices are up in metro Atlanta, according to a highly watched national report issued Tuesday. Area home prices last month, on average, were up 0.3 percent, half as much as the month before, according to the S&P CoreLogic Case-Shiller Indices. Over the past year, Atlanta home prices are up 5.3 percent. Driving that increase has been an unbalanced market, which has generally...
5 Halloween jobs to snag in metro Atlanta right now

5 Halloween jobs to snag in metro Atlanta right now

If you're trying to scare up a job in Atlanta, you might have some luck with businesses that have special Halloween-related events or ones that are specifically dedicated to the holiday. Whether you'd like to help adults or little ones pick out the perfect costume or dress up, don makeup and give visitors a fright, there are several gigs that will let you do just that as you earn a paycheck. Check...
Two Atlanta deals: GE selling, Genuine Parts buying

Two Atlanta deals: GE selling, Genuine Parts buying

Two multi-billion dollar deals involving Atlanta were announced Monday – one in which a local company made a European acquisition, one in which a European giant snapped up an Atlanta-based unit of General Electric. GE Industrial Solutions, a 13,500-employee firm headquartered in Atlanta, was sold to Swiss-based ABB for $2.6 billion. Boston-based General Electric had been under pressure from...
More congestion coming to Hartsfield-Jackson curbside amid construction

More congestion coming to Hartsfield-Jackson curbside amid construction

Travelers headed to Hartsfield-Jackson International Airport could encounter more congestion at the terminal curbside, as the airport steps up construction of massive canopies outside the terminal. The airport will close the Terminal North upper roadway at 9 p.m. Monday evening until Tuesday morning at 5 a.m. The lower roadway will be open during that time. And starting Sunday, the airport will...
Kempner: Why cyber muggers keep winning (and we keep losing)

Kempner: Why cyber muggers keep winning (and we keep losing)

It’s not uplifting to chat with cybersecurity experts these days, because our most sensitive data is not safe. Sure, the businesses, government agencies and others that have our private information try to protect our valuables. They smack away lots of attempts by bad guys to grab our data. But, ultimately, many of the defenders end up buckling, just like credit reporting agency Equifax recently...
Equifax: Five things you should know about the raid on your data

Equifax: Five things you should know about the raid on your data

Atlanta-based Equifax Corp. and consumers whose credit it tracks have continued to struggle with the fallout from a data breach that affected 143 million people in the United States, and more in other nations. Here are five things you should know about the hacking incident — one of the worst so far — and how it affects you. 1. Protect yourself: You should take a number of steps to...
Gwinnett solar firm wins U.S. support for charges of unfair trade

Gwinnett solar firm wins U.S. support for charges of unfair trade

The U.S. International Trade Commission on Friday sided with a bankrupt Gwinnett company’s complaint that America is being flooded with cheap imported solar cells, setting up a potential trade battle with China or other countries that export solar panels. Norcross-based Suniva said it was “gratified” by the trade commission’s finding, which opens the way for the agency to recommend...
Officials watch for any travel restriction effects at Atlanta airport

Officials watch for any travel restriction effects at Atlanta airport

As President Donald Trump’s administration prepares to soon announce a new set of travel restrictions on visitors to the United States to replace the existing travel ban, local officials are looking out for any potential impact on travelers arriving at the Atlanta airport. At the world’s busiest airport, Hartsfield-Jackson International officials are monitoring the situation, which could...
Delta operates all-female charter flight for Atlanta-area girls

Delta operates all-female charter flight for Atlanta-area girls

Delta Air Lines will operate a charter flight staffed by women for girls from Atlanta-area community groups and schools, part of an effort to boost interest in aviation among a cohort that represents a small fraction of the industry. Women make up less than 6.4 percent of the commercial pilot workforce, and an even smaller share of airline mechanics, flight engineers and dispatchers, according to...
Equifax apologizes for sending people to fake company website

Equifax apologizes for sending people to fake company website

Equifax linked people to a fake online site that mimicked the link for its site on its massive Sept. 7 security breach that affected 143 million Americans. After the breach, which involved Social Security numbers and other key identifying information, Equifax set up a site, equifaxsecurity2017.com, that directed people to information on the hacking incident and links to sign up for free credit monitoring...
Wes Moss: Lessons from ‘The Lost Decade of Stocks’

Wes Moss: Lessons from ‘The Lost Decade of Stocks’

As the stock market continues to reach new highs, with the Dow soaring well above 20,000, I’ve found myself reflective of other times in recent investment history. Over the years, the high and low tides — and sometimes crashing waves — of our always changing economy have taught me certain financial truths. Let me share what I learned from 1998 to 2009, a period I refer to as &ldquo...
Atlanta software company says it’s adding 500 jobs

Atlanta software company says it’s adding 500 jobs

Atlanta software company OneTrust said it expects to add 500 jobs locally over the next several years and to invest $5 million in a Fulton County expansion. The company, which currently has about 200 employees in Atlanta, London, and other locations, including Asia, produces privacy management software that helps companies comply with privacy laws in various nations. Gov. Nathan Deal and the company...
Feds investigating Plant Vogtle nuke project’s twin in South Carolina

Feds investigating Plant Vogtle nuke project’s twin in South Carolina

SCANA Corp. said Thursday that federal investigators are seeking information on a South Carolina nuclear plant project that was shut down in late July. The South Carolina utility said it received a subpoena from the U.S. Attorney’s Office seeking “a broad range of documents related to the project.” The company said it would “cooperate with the government’s investigation...
UPS mechanics renew push for leverage in contract talks

UPS mechanics renew push for leverage in contract talks

A union representing aircraft mechanics at shipping giant UPS is again asking a federal board to release it from mediation, saying negotiations on a new contract are at an impasse. Contract talks have been going on for nearly four years between Sandy Springs-based UPS and Teamsters Local 2727 representing the roughly 1,300 airline maintenance workers. The mechanics are are covered by health insurance...
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