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Business


Ariston: A look at Julio Jones’ Mall of Georgia project

Report: Vogtle contractor headed for Chapter 11

Report: Vogtle contractor headed for Chapter 11

A major contractor on Georgia Power’s Plant Vogtle nuclear expansion is expected to seek Chapter 11 bankruptcy protection at the end of this month, adding new complications to the already delayed project, according to a report Friday. Reuters reported that Japanese conglomerate Toshiba has told lenders that its U.S. nuclear unit Westinghouse is planning for a March 31 filing. It cited unnamed...
Atlanta airport hotel project gets FAA approval

Atlanta airport hotel project gets FAA approval

A proposed InterContinental hotel at Hartsfield-Jackson International has gained clearance from the Federal Aviation Administration, which concluded it will not interfere with radar or airspace safety at the world’s busiest airport. FAA approval was a key hurdle to overcome for the hotel project, which has been in the works for the past three years. Hartsfield-Jackson spokesman Reese McCranie...
Wes Moss: When will the next recession hit?

Wes Moss: When will the next recession hit?

OK, so I’m going to talk about the dreaded R-word — recession. Is one lurking around the corner for our nation’s economy? Should hardworking Americans be concerned about their livelihood? Their investments? The short answer is, probably not right now. But the question does merit a look at the numbers. Right now, inflation is in check. But folks are concerned. Based on the Federal...
UPDATE: Georgia Power’s long-term power plan, eight months later

UPDATE: Georgia Power’s long-term power plan, eight months later

Georgia Power is making a big move into solar power and other renewable energy — about three times bigger than it originally planned — under a deal state regulators are expected to approve today. If the Public Service Commission’s five-member board approves a recent compromise on Georgia Power’s long-term plan, the utility will add as much as 1,600 megawatts of new renewable...
More Georgians find, keep jobs in February

More Georgians find, keep jobs in February

Georgia’s unemployment rate edged down to 5.3 percent in February from 5.5 percent in January, the state labor department said. The state added 12,000 jobs during the month, bouncing back from a lackluster January with about twice as many jobs as are usually added in February. With just a few exceptions, the various pieces of the Georgia economy seem to have regained traction, continuing the...
Once the queen of the skies, the 747 will soon be just a flying truck

Once the queen of the skies, the 747 will soon be just a flying truck

LOS ANGELES — The wide-bodied Boeing 747 was once known as the queen of the skies, an instantly recognizable behemoth revered for its luxury and spaciousness.  As time passed, however, the original jumbo jet was outstripped by more efficient twin-engine planes.   Now the 747’s days as a passenger plane are numbered. Delta and United — the last two U.S. airlines that...
Georgia unemployment rate falls, hiring stronger than average for February

Georgia unemployment rate falls, hiring stronger than average for February

 Georgia’s unemployment rate edged down to 5.3 percent in February from 5.5 percent in January, the state labor department said today. The state added 12,000 jobs during the month, about twice as many as the average for the past three Februarys.  During the month, the number of employed people in the state climbed to more than 4.7 million, while slightly more than 267,000 were...
Got extra cash? Here are 11 smart purchases under $400

Got extra cash? Here are 11 smart purchases under $400

There’s always a lot of talk about how to be financially responsible and increase wealth with very little money. Many Americans live paycheck to paycheck. But put some real numbers behind that generic statement. The Bureau of Labor Statistics Consumer Expenditure Survey of 2015 reports an average household income per consumer unit (think entire household of family members or single...
Kempner: Evicting spring break was the easy part for Panama City Beach

Kempner: Evicting spring break was the easy part for Panama City Beach

One of Florida’s most popular beach hot spots is learning how hard it is to kill its reputation as a college and high school spring break guzzle-a-thon and replace it with something safer. Panama City Beach locals this year thought they found a fresh way to woo Atlantans and others from around the nation to the amazing powdery white sand: three weekends packed with Christian music concerts...
These are the hottest real estate markets in metro Atlanta, per RE/MAX

These are the hottest real estate markets in metro Atlanta, per RE/MAX

Where do people want to live in metro Atlanta these days? RE/MAX Georgia claims its analysis has answered just that. The study uses First Multiple Listing Service data to determine which cities will be most in demand in 2017. The cities are in Cobb, DeKalb, Forsyth and north Fulton counties. “Atlanta’s housing market was strong throughout 2016 and shows no signs of slowing down,&rdquo...
Georgia lands nine on billionaires list

Georgia lands nine on billionaires list

Nine Georgians made it onto Forbes’ annual billionaire list this year, including what the magazine described as “America’s youngest female self-made billionaire.” That would be Sara Blakely, the 46-year-old founder of Spanx, the Atlanta company she founded in 2000 to produce and sell slimming undergarments. Blakely’s company now has about $400 million in annual sales...
Tighter immigration could clash with growth

Tighter immigration could clash with growth

Embedded in the immigration debate is a potential Catch-22: Restricting the supply of foreign-born labor could undermine the Trump administration’s promise to goose economic growth. Some businesses already are seeing the labor market tighten, which can raise costs and crimp expansion. “Every aspect of our industry needs workers,” said Michael Dunham, chief executive of Associated...
Follow this simple chart to become a millionaire

Follow this simple chart to become a millionaire

If you've always aspired to become a millionaire, or just thought about it from time to time, there’s a helpful chart that can turn your dream into a reality. Financial blogger Lyn Alden published the following chart on her website that reveals how much you need to save every month, plus the annual rate of return, in order to reach millionaire status in 25 years.  Read the full article...
The No. 1 secret to finding the best deals at HomeGoods

The No. 1 secret to finding the best deals at HomeGoods

With 568 stores in 45 states, HomeGoods has become the go-to décor destination for millions of people who love a good deal — including celebrities like Melissa McCarthy and Lance Bass.  Since 1992, the chain has been saving people 20-60 percent off department store prices on the latest home fashions.  Christine Lee, the woman behind the popular @HomeGoodsObsessed Instagram...
How your tax refund can help you score better credit

How your tax refund can help you score better credit

If you’re getting a tax refund this year, you’ve got three major options when it comes to using the money: You can save it. You can invest it. Or you can splurge. But break things down a little further, and that check (back) from Uncle Sam can help you build credit, too. For serious.  Here are six ways your tax refund could help you build — or even establish — your credit...
Without big pay perks, First Data CEO no longer Georgia’s highest paid

Without big pay perks, First Data CEO no longer Georgia’s highest paid

Georgia’s highest-paid company executive in 2015 no longer holds that distinction, thanks to a big pay cut last year — but he still got more than $13.8 million. In 2015, CEO Frank Bisignano took home almost $51.6 million in total compensation, making him the highest-paid CEO that year at a Georgia public company. His 2015 pay included more than $44.7 million worth of stock-based awards...
How retirement figures into Tax Day deadline

How retirement figures into Tax Day deadline

It’s never too early to begin saving for retirement and with the April 18 deadline for filing federal and state taxes looming, many people still have time and options to accomplish this goal while cutting their tax bill for 2016. Some individuals may still contribute to an Individual Retirement Account (IRA) or set up a Health Savings Account (HSA). For people who find themselves with extra...
J.C. Penney to close 5 Georgia stores, 138 nationwide

J.C. Penney to close 5 Georgia stores, 138 nationwide

For the first time on Friday, J.C. Penney listed the 138 locations it will shutter in the coming months as the retailer seeks to cut costs and improve its profitability. The list includes five stores in south Georgia. Like other department stores, J.C. Penney Co. is hurting as more people shop online instead of heading to the mall. The closures are part of the company's previously announced plans...
Russian accused of hacking fraud extradited and charged in Atlanta

Russian accused of hacking fraud extradited and charged in Atlanta

Federal authorities said a Russian hacker who allegedly hijacked victims’ computers to get banking and other financial information was brought to an Atlanta court this week to face charges. Mark Vartanyan, also known as “Kolypto,” was extradited from Norway in December and charged with computer fraud, said the U.S. Attorney’s Office in Atlanta. Between 2012 and 2014, while...
UPS chief’s pay package grows to $13.7M

UPS chief’s pay package grows to $13.7M

UPS Chief Executive David Abney’s pay package rose more than 20 percent last year even as the shipping giant struggled with weakening profits from dropping off online orders at homes. Abney’s total compensation was $13.7 million last year, vs. almost $11.3 million the previous year, according to its proxy filed this week. His package included a $1.1 million salary, almost $10.2 million...
UPS chief got 20-plus percent raise last year, to $13.7 million

UPS chief got 20-plus percent raise last year, to $13.7 million

UPS Chief Executive David Abney’s pay went up more than 20 percent last year even as the package deliverer struggled with weakening profits from dropping off online orders at homes. Abney’s total compensation was $13.7 million last year, compared to almost $11.3 million the previous year, according to its proxy filed this week. His pay included a $1.1 million salary, almost $10.2...
Walmart pays $6.3M in bonuses to metro Atlanta workers

Walmart pays $6.3M in bonuses to metro Atlanta workers

Almost 10,800 Walmart employees in metro Atlanta are getting a pay bump this week thanks to bonuses from the giant retailer. The Arkansas-based chain said it is paying $6.3 million in bonuses to 10,798 metro Atlanta employees based on the fourth-quarter performance of the stores where they work. That averages out to $583 per employee. Last September, about 1 million employees company-wide got bonuses...
Atlanta Walmart employees get bonuses totaling $6.3 million

Atlanta Walmart employees get bonuses totaling $6.3 million

Almost 10,800 Walmart employees in metro Atlanta are getting an extra bump in pay this week thanks to bonuses from the giant retailer. The Bentonville, Ark., based company, the nation’s largest employer, said it is paying out $6.3 million in bonuses to 10,798 metro Atlanta employees based on the fourth-quarter performance of the stores where they work. That averages out to $583 per employee...
Delta’s ‘747 Experience’ to take off March 28

Delta’s ‘747 Experience’ to take off March 28

The iconic Boeing 747 jumbo jet is the focus of a new exhibit opening later this month at the Delta Flight Museum. When the $5 million “747 Experience” exhibit opens March 28 at the museum near Hartsfield-Jackson International Airport, visitors will have a chance to walk out onto the wing of a 747, see the cockpit and learn about the inner workings of the plane. The 747 is &ldquo...
Easy ways to save money at Simon malls

Easy ways to save money at Simon malls

With nearly 200 malls across the country — including seven in Georgia — Simon malls is one the leading mall operators in America. Next time you're in one of their locations, try these ways to save money. In addition to getting the early scoop on retailer deals and mall events, you'll be entered to win a $1,000 shopping spree. Each individual Simon property has its own page...
Metro jobless rate reflects winter chill

Metro jobless rate reflects winter chill

The metro Atlanta unemployment rate rose in January to 5.3 percent from 5.0 percent in December, the government reported Thursday. A year ago, the jobless rate for the region was 5.2 percent. Since then, metro Atlanta has added nearly 100,000 jobs – while even more people have entered or re-entered the labor force looking for work. Overall, that is good news – more jobs and a higher share...
As Fed hikes rates, rewards of saving stay low

As Fed hikes rates, rewards of saving stay low

The Federal Reserve did banks a favor last week by boosting its target interest rate for the third time in 15 months, opening the gate to higher interest rates on credit cards, mortgages and other loans. So will savers share in the good fortune through higher rates of return on deposits and CDs? Maybe, but not as quickly or as much if recent history is a guide. Banks, eager to recoup lost profits...
39 JCPenney stores at high risk of closing, including one in Georgia

39 JCPenney stores at high risk of closing, including one in Georgia

It's become a familiar routine that we've now seen play out all too often: A once-stellar mall retailer falls on its sword and announces a flurry of store closures. We watched it happen to Sears and Macy's, to name just two, and now its happening to JCPenney. The latter says it will shutter 140 of its stores and two distribution centers in the coming months.  JCPenney hasn't yet revealed ...
These metro Atlanta companies are making big hires in March

These metro Atlanta companies are making big hires in March

If you're looking for a job, several metro Atlanta companies are making big hires this March. The following are a few that have posted large numbers of openings in a wide variety of skill sets, including links so you can apply: The company announced on March 2 that it's hiring more than 80,000 temporary employees to work in its stores and distribution centers in the busy spring season. This is...
What not to do with your tax refund

What not to do with your tax refund

It’s that time of year again when tax refunds are on everyone’s mind. A tax refund check can be a wonderful addition to your checking account; a sizable amount can even bring new financial opportunities your way. But if you don’t spend that check from Uncle Sam responsibly, it can also put you in debt. Here are some things you might want to avoid when you get your tax refund. ...
Kempner: Will self-driving cars give parking lots the boot?

Kempner: Will self-driving cars give parking lots the boot?

Jerry Skillett, CEO of one of the nation’s biggest parking companies, should be rolled up in a fetal position under a table. Self-driving cars are coming, and according to plenty of urbanists, futurists and transportation engineers, Skillett’s industry is going to be decimated. All those parking lots close to office towers, malls and intown restaurants? Don’t need most of them. Autonomous...
Checkpoint changes await spring fliers

Checkpoint changes await spring fliers

As spring travelers head to Hartsfield-Jackson International Airport in coming weeks, they may notice an expanded main security checkpoint and encounter some new screening procedures. The widened switchback area at the domestic terminal’s main checkpoint is expected to help reduce back-ups into the atrium and the rest of the terminal, and to make room for future growth. Hartsfield-Jackson spokesman...
The best uses for your old cellphone

The best uses for your old cellphone

I was at a local dealership yesterday -- shopping around for a used car of course -- and one of the employees asked what I do for a living. I wrote "writer" down on my information sheet, which piqued his interest. I proudly explained that I was a staff writer for Clark Howard. His eyes lit up. He went on for several minutes explaining how Clark's messages have helped him throughout...
Woman's headphone batteries explode on plane, causing burns

Woman's headphone batteries explode on plane, causing burns

A woman flying to Melbourne from Beijing in February fell asleep while wearing noise-canceling headphones, only to awake to the sounds of a nearby explosion. The battery in her headphones had burst into flame, according to an Australian Transport Safety Bureau investigation into the incident released Tuesday. Photos depicted the unidentified woman with soot on her face, her cheek and neck singed....
How to avoid Costco’s membership increase for another year

How to avoid Costco’s membership increase for another year

Warehouse club shoppers across the country have been griping since Costco announced a $5 increase in the cost of an annual membership. But here's some good news: Depending on your renewal date, you might be able to still pay $55 for another year if you know this hack. Effective June 1, Costco is raising its membership fee to $60 a year for either a Gold Star and Business membership, up from...
4 Georgia businesses where you'll be excited to work

4 Georgia businesses where you'll be excited to work

Why dread slogging along at a boring job every day when you could join a company whose employees actually get excited about going to work? Thanks to The Muse and Business Insider, we've compiled a list of four Georgia-based companies known for creating an inviting work environment. Click on the company's name to check for current job openings. Known for its funny duck mascot, insurance...
Eyeglass maker adding 1,000 jobs in Henry

Eyeglass maker adding 1,000 jobs in Henry

The company behind Ray-Ban, Oakley and Dolce & Gabbana eyewear plans to expand its McDonough distribution center south of Atlanta, and add 1,000 jobs by the end of this year. Gov. Nathan Deal’s office and Luxottica Group said Tuesday the company’s expanded North American hub in Henry County will create new positions in manufacturing, distribution and facility administration. Charlie Moseley...
SunTrust shuffles execs, boosts pay

SunTrust shuffles execs, boosts pay

Two SunTrust Banks executives who were recently involved in a leadership shuffle saw substantial increases in pay last year. The value of Mark Chancy’s pay package jumped from almost $3.3 million in 2015 to over $6.4 million last year. Last month, he was promoted to vice chairman in charge of SunTrust’s consumer segment, which resulted from combining its mortgage, consumer banking and...
Ray-Ban, Oakley eye wear maker plans 1,000 new jobs in metro Atlanta

Ray-Ban, Oakley eye wear maker plans 1,000 new jobs in metro Atlanta

The company behind Ray-Ban, Oakley and Dolce & Gabbana eye wear plans to expand its metro Atlanta distribution center and add 1,000 jobs by the end of this year. Gov. Nathan Deal’s office and Luxottica Group said Tuesday the company will expand its North American hub in Henry County, and add new positions in production, distribution and facility administration. Fabrizio Uguzzoni, president of...
Executives in SunTrust shuffle get big pay raises

Executives in SunTrust shuffle get big pay raises

Two SunTrust Banks executives who were recently involved in a leadership shuffle saw substantial increases in pay last year. Mark Chancy’s pay jumped from almost $3.3 million in 2015 to over $6.4 million last year. Last month, he was promoted to vice chairman in charge of SunTrust’s consumer segment, which resulted from combining its mortgage, consumer banking and private wealth management...
Ex-Obama official named to lead Atlanta Fed

Ex-Obama official named to lead Atlanta Fed

The Federal Reserve Bank of Atlanta on Monday named Raphael Bostic, an economist, professor and former housing official under President Obama, as its new president. Bostic, 50, is the first African-American president at one of the dozen Fed regional banks. Since leaving the government in 2012, he has been a professor in public policy at the University of Southern California. He will take the position...
Meet this requirement if you want to become a Delta Air Lines flight attendant

Meet this requirement if you want to become a Delta Air Lines flight attendant

Traveling around the world, experiencing new cultures and meeting fascinating people are just a few of the perks Delta Air Lines’ flight attendants enjoy. But the job definitely has its demands. Employees must have a certain level of flexibility and be ready work evenings, weekends and holidays.   Also, the competition for the position is stiff. In 2012, Bloomberg reported that the airline...
Meet this requirement if you want to work at Six Flags

Meet this requirement if you want to work at Six Flags

Do you love the thrill of roller coasters and the sweet taste of cotton candy? Then a job at Atlanta's Six Flags Over Georgia may be the perfect gig for you. Here are some tips from the park's human resources group that could help you land an offer.  Six Flags Atlanta Properties will hire approximately 3,000 employees by the end of 2016. The park has scores of openings all year long ...
What Atlanta hiring managers really think about your tattoos

What Atlanta hiring managers really think about your tattoos

Not sure if your body ink will help or hinder in today's job market? Well, that depends. Hiring managers may sway yay or nay, resting on the nature of the position and office culture. "Tattooed professionals are like rock stars in our industry," said Kristin Martin, director of career services at portfolio school The Creative Circus in Atlanta. "If you plan on working in advertising...
These are the highest-paying companies in Georgia right now

These are the highest-paying companies in Georgia right now

Looking to add some extra zeros to your paycheck? Some of the highest-paying companies are right here in Georgia, according to a recent Glassdoor survey. 3455 Peachtree Road NE, Atlanta. 404-760-6600. This global management consulting firm specializes in strategic and operational issues and has a clientele that includes more than two-thirds of the Fortune Global 500. Although headquartered...
Trump takes aim at post-crisis banking law

Trump takes aim at post-crisis banking law

For three years, United Community Banks has been getting ready for the day it grew to $10 billion in assets and had to play by the same rules as much bigger banks. That day has arrived, but now the rules may change. The Blairsville-based bank hit $10.7 billion last year. Under the Dodd-Frank act, a financial regulatory law enacted after the Great Recession, it will soon have to meet tougher regulations...
10 best companies in Atlanta to interview with

10 best companies in Atlanta to interview with

Is the interview your least favorite part of the job hunt? If so, you may find some relief by scoring a meeting with one of these 10 companies deemed the best places to interview, according to a recent study from career advice site, Glassdoor. The career site recognized the 50 employers with the highest interview scores by surveying job candidates who provided information in three major...
8 metro Atlanta companies with cool and unusual perks

8 metro Atlanta companies with cool and unusual perks

The average starting wage at CostCo is about $11.50 an hour. And at Qualcomm, where cognitive technology is king, four or more employees can start a hobby club and request funding; one group builds robots. Employee "perks" still exist, far beyond a frozen turkey at Thanksgiving. In no specific order, here are eight Atlanta companies that consistently appear in surveys as cool places...
Atlanta bosses recount their biggest career mistakes

Atlanta bosses recount their biggest career mistakes

Sometimes it’s nice to be reminded that we’ve all made mistakes, including our bosses. Even Atlanta’s most successful leaders have committed their fair share of corporate blunders. Read on and take notes as these ATL power players recount some of their biggest career mishaps from the AJC's 5 Questions for the Boss feature.   Focusing on your employees' skillsets and...
These 6 companies offer legitimate work-from-home jobs

These 6 companies offer legitimate work-from-home jobs

It can be easy to find work-from-home job listings, but might be much harder to unearth legitimate opportunities with established companies. If you're interested in exploring the work-from-home world, here are six employers with Atlanta openings posted at Monster.com that might be worth investigating. 48 Factoring, Inc. – Hiring lead generation specialists and telemarketers 48 Factoring...
9 'hot' Ga. jobs that pay more than $40K with no college degree

9 'hot' Ga. jobs that pay more than $40K with no college degree

If you're looking for a job but don't have a college degree, you may want to consider one of these "hot" Georgia careers, according to the state Department of Labor. No degree required. All it takes is a high school diploma or equivalent (GED) for these nine jobs. And while associate managers in property and real estate have the highest salary, sales representatives for wholesale and manufacturing...
Ride-sharing changes the airport game

Ride-sharing changes the airport game

In years past, the abrupt shutdown of the primary airport shuttle operator might have sent shivers throughout downtown Atlanta hotels and Midtown businesses. Yet when national chain SuperShuttle pulled out of the Atlanta market two weeks ago, there were more shrugs than panic attacks. “If this was five years ago, I believe that our industry would have a lot more anxiety about not having that...
Wes Moss: Oh Snap! The roller coaster of investing in social media

Wes Moss: Oh Snap! The roller coaster of investing in social media

If you’re like me, you stay in touch with friends the new old-fashioned way — by shooting a text or (gasp) actually talking to someone on the phone. Today, though, we live in a world of ever-changing technology. The continuous stream of new gadgets and apps is constantly changing the way we communicate. Enter Snapchat. If you’re over the age of, say, 24, you may not be familiar with...
Atlanta’s iconic Plaza Theatre, Majestic Diner property gets new owner

Atlanta’s iconic Plaza Theatre, Majestic Diner property gets new owner

A Charlotte-based real estate company has bought a high-profile Atlanta retail strip that is home to some of the city’s most iconic intown businesses. Asana Partners reportedly paid $18.1 million for the 2.6 acre property on Ponce de Leon Avenue that includes the Majestic Diner and the Plaza Theatre. The theater opened before World War II and may be best known to recent residents for weekly...
Yeti competitor RTIC will redesign ‘confusingly similar’ coolers, mugs

Yeti competitor RTIC will redesign ‘confusingly similar’ coolers, mugs

New details are emerging about a now-settled lawsuit filed by Austin-based Yeti against a competing company whose product designs were allegedly a little too close for comfort. In multiple filings in U.S. District Court obtained Wednesday by the American-Statesman, Yeti, which makes higher-end coolers and thermal mugs, says the competitor, RTIC, has agreed to “redesign the accused products.&rdquo...
Georgia’s January job growth above average

Georgia’s January job growth above average

Georgia’s unemployment rate was unchanged at 5.5 percent in January, the state labor department said Thursday. However, the state added 6,500 jobs, more than average for the month. “While the rate was unchanged, our employers continued to create jobs, our labor force continued to grow and more people went to work,” said Mark Butler, the state labor commissioner. “This is a...
Immigration debate fuels worry about tech workers

Immigration debate fuels worry about tech workers

Emory University employs about 300 foreign workers under temporary visas, assigning them to a wide range of research projects. Their work “is part of our core mission,” says Philip Wainwright, vice provost for global strategy. “The program and the research we think benefits the United States and benefits human kind.” Emory is one of the biggest users in metro Atlanta of the...
Coca Cola CEO got a 20 percent raise last year, to $17.6 million

Coca Cola CEO got a 20 percent raise last year, to $17.6 million

Coca-Cola boosted Chief Executive Muhtar Kent’s pay by 20 percent last year, to almost $17.6 million, as he prepared to hand over the reins to the Atlanta company in about seven weeks. The incoming CEO, James Quincey, saw his pay jump by 27 percent last year, to $8.7 million, after he was promoted in 2015 to Coke’s president and chief operating officer. He is expected to take over as CEO...
Kempner: A Hail Mary to save the Atlanta Falcons’ old nest

Kempner: A Hail Mary to save the Atlanta Falcons’ old nest

Molly Read Woo has been trying to save the Georgia Dome for years, convinced we’re throwing away an economic gem. We are. But her current grass-roots campaign isn’t going so well. At a recent press gathering, Atlanta Mayor Kasim Reed told it straight to the frequent community activist when she asked if the city would be willing to take over the venue. The Dome is “going to be imploded...
JetBlue unhappy with gate position at Hartsfield-Jackson

JetBlue unhappy with gate position at Hartsfield-Jackson

As JetBlue Airways’ planned launch date for Atlanta service nears, the airline is in a dispute with Hartsfield-Jackson International Airport over which gates it will use. In a letter to the Federal Aviation Administration, JetBlue said it is “in the position of having to decide whether to postpone the March 30 service launch at the airport, which would negatively affect more than 50,000...
Georgia Power may sell primo Beltline property

Georgia Power may sell primo Beltline property

Georgia Power plans to test the market for a prime property along the Atlanta Beltline near Ponce City Market in a move that could trigger a new wave of dense development on the eastern section of the popular trail. “We plan to place the facility on the market this April to gauge interest, but we have not committed to selling the property,” Georgia Power spokeswoman Ashley West said in...
9 signs you're on your way to a perfect credit score

9 signs you're on your way to a perfect credit score

Hey, there, overachiever. Are you really trying to attain a perfect credit score? Here’s the thing: You don’t need to. Any score over 760 will pretty much net you a lender’s best rates and terms. Plus, even if you do score that elusive 850, you probably won’t keep it for long. Credit scores are mercurial: They change as new information hits your credit report or, most notably...
Ga. man made $500K on insider trading

Ga. man made $500K on insider trading

A Milner, Ga., resident was found liable for reaping about $500,000 in illegal profits from insider trading connected to Sanofi-Aventis SA’s acquisition of a Chattanooga firm, according to federal authorities. The U.S. Securities and Exchange Commission said a jury found that Peter Doffing illegally profited from a third-hand tip by buying stock ahead of the French company’s 2009 acquisition...
Georgia Power looks to sell key Atlanta Beltline property

Georgia Power looks to sell key Atlanta Beltline property

Georgia Power plans to test the market for a prime property along the Atlanta Beltline in a move that that could trigger a new wave of dense development on the popular trail. The utility’s operations center at 760 Ralph McGill Boulevard next to the Historic Fourth Ward Park is one of the largest remaining single tracts along the Beltline’ popular Eastside Trail. It’s long been...
SEC: Georgia man found liable for insider trading that netted $500,000

SEC: Georgia man found liable for insider trading that netted $500,000

A Milner, Ga., resident was found liable for reaping about $500,000 in illegal profits from insider trading connected to Sanofi-Aventis SA’s acquisition of a Chattanooga firm, according to federal authorities. The U.S. Securities and Exchange Commission said a jury found Peter Doffing illegally profited from a third-hand tip by buying stock ahead of the French company’s 2009 acquisition...
8 of America's favorite restaurant chains are desperate for customers

8 of America's favorite restaurant chains are desperate for customers

Many of the casual chain restaurants that Americans know and love may be in serious trouble because of a so-called “restaurant recession” going on right now. TDn2K reported that 2016 was the industry’s worst year since the recession, but will 2017 be any better? Already this year, several major restaurant chains have shut down underperforming locations, often with little or no notice...
Kempner: A crushing end to the Georgia Dome

Kempner: A crushing end to the Georgia Dome

Goodnight, sweet prince. And flights of monster trucks sing thee to thy rest! (Shakespeare, 2017) The Georgia Dome — the sports palace that we spent lots of money building and now are throwing away like a week-old stadium pretzel — hosted its last performance Sunday night. At times I was a little short of breath. I’d like to say it’s because we were all a little choked up with...
What to do if you get a love letter from the IRS

What to do if you get a love letter from the IRS

Have you ever received one of those love letters from the IRS that says you owe them more money? Occasionally a client calls me in a panic when they receive one. Most of the letters I have seen are due to the client or the tax preparer forgetting to include the sale of a stock or mutual fund on their tax return. Unfortunately, the IRS letter often overstates the amount of tax owed.   This...
10 tax credits that can put more cash back in your pocket

10 tax credits that can put more cash back in your pocket

If you've ever had to write a check to Uncle Sam in April, you've likely become a fan of finding ways to cut your tax bill — and that may have you wondering whether you qualify for any tax credits. Tax credits are the gold nuggets of the tax world. Qualifying for one feels better than finding $100 in your pants pocket. Here's a brief look at how some of the most common ones work &mdash...
7 simple hacks for building better credit

7 simple hacks for building better credit

Sure, credit-scoring models are complicated (all that algorithm-ing and such). But, when you get right down to it, the secret sauce to building good credit is actually pretty straightforward: Take a whole bunch of on-time loan payments, keep a pinch of debt, stir in some new accounts, and let the thing bake. Seriously — building and rebuilding credit takes some time.  Still, there are a...
Kempner: A new way to curb Georgia regulators?

Kempner: A new way to curb Georgia regulators?

There was one particular moment when state regulators didn’t rubber stamp Georgia Power’s plans in recent years. It happened after the power company turned in long-range plans showing that it wouldn’t generate even a flicker of solar power, at least not in the next 20 years. That’s when Lauren “Bubba” McDonald took a shocking stand for an elected member of the Georgia...
Georgia-Pacific promotes Fischer to CEO

Georgia-Pacific promotes Fischer to CEO

Georgia-Pacific, the maker of Brawny paper towels, Dixie cups and other consumer products, has a new president and chief executive. The Atlanta-based unit of Koch Industries said Christian Fischer was promoted to the post after a decade as executive vice president of the company’s packaging and cellulose segment. Fischer succeeds Jim Hannan, who was promoted to a broader, newly created job that...
19 retailers on bankruptcy watch for 2017

19 retailers on bankruptcy watch for 2017

Retail had one heck of a 2016. It was a bleak year with at least 14 major U.S. retailers closing 100 or more stores. But if that seems like a lot, hold on to your hats in 2017 as more stores get ready to bite the dust. Respected bond credit rating business Moody's has sounded the alarm about almost two dozen retailers that could be at risk of defaulting on their loans for a number of...
McDonald's prepares to roll out meal delivery

McDonald's prepares to roll out meal delivery

If the people won't go to McDonald's, then the Big Macs must go to them. At least that's the plan. After a two-month test run in Florida, McDonald's said this week it is preparing to roll out meal delivery in the United States. The hope, the fast-food giant said, was to make up for years of slipping sales by making one of the world's most ubiquitous chains even more inescapable. "Because of our...
Georgia Power suspends study for new nuclear power plant near Columbus

Georgia Power suspends study for new nuclear power plant near Columbus

Georgia Power is shelving its study of a site near Columbus for a new nuclear plant, saying it won’t be needed as soon as previously expected. In a letter Wednesday, the utility notified the Georgia Public Service Commission “of its intention to suspend work on the investigation of pursuing a new nuclear generation option.” The company said its most recent forecasts showed that suspending...
Ga. Power suspends study of new nuclear plant

Ga. Power suspends study of new nuclear plant

Georgia Power is shelving its study of a site near Columbus for a new nuclear plant, saying it won’t be needed as soon as previously expected. In a letter Wednesday, the utility notified the Georgia Public Service Commission “of its intention to suspend work on the investigation of pursuing a new nuclear generation option.” The company said its most recent forecasts showed that suspending...
SunTrust: SEC may hit investment unit with fraud charge

SunTrust: SEC may hit investment unit with fraud charge

Federal regulators are considering fraud charges against SunTrust Banks over allegations that its investment business steered customers into costly mutual funds when cheaper options were available. The Atlanta bank said in a filing that the Securities and Exchange Commission’s enforcement division “made a preliminary determination to recommend … an enforcement action” against...
H&M coming to Mall at Stonecrest later this month

H&M coming to Mall at Stonecrest later this month

Retailer H&M will open its long-awaited store in the Mall at Stonecrest on March 16, according to media reports. The fast-fashion clothing giant will open a 21,000-square-foot location in the Lithonia-area mall, the fifteenth Georgia location of the popular chain. Snagging the store is a big win for the shopping center, which, like a lot of regional malls, have struggled as consumers increasingly...
SunTrust: Federal agency may hit its investment unit with fraud charge

SunTrust: Federal agency may hit its investment unit with fraud charge

Fraud charges against SunTrust Banks are being considered by the U.S. Securities and Exchange Commission over allegations that its investment business steered customers into costly mutual funds when cheaper options were available. The Atlanta bank said in a filing that the SEC’s enforcement division “made a preliminary determination to recommend that the SEC bring an enforcement action&rdquo...
Kempner: Beat it! Vacation rentals curbed on pricey N. Ga. lakes

Kempner: Beat it! Vacation rentals curbed on pricey N. Ga. lakes

If you want to rent a vacation home on some of Georgia’s priciest and most tranquil lakes this spring and summer, better move along bub. A bunch of them are no longer available. And they may never be again. That’s because homeowners are being told to stop renting to visiting vacationers at least on land owned by Georgia Power at Lake Burton, Lake Rabun, Lake Seed and more than a dozen...
Georgia bank profits grew in 2016 despite slowdown for biggest player

Georgia bank profits grew in 2016 despite slowdown for biggest player

State-wide, Georgia’s 183 banks reported $3 billion in profits last year — a 4.8 percent increase over the previous year — from growing loan portfolios and higher interest rates. The full-year results were a slowdown from three months earlier, when the state’s banks were reporting profit growth of 6 percent for the first nine months of the year. Part of the late-year dip was...
Warren Buffett, the Oracle of … Atlanta?

Warren Buffett, the Oracle of … Atlanta?

Warren Buffett’s ties to Atlanta have gotten tighter. The Oracle of Omaha, a famously loyal Coca-Cola shareholder with a 9.3 percent stake, now also owns 7.5 percent of Delta Air Lines. Both Atlanta giants are among the most valuable investments held by Buffett’s Berkshire Hathaway Inc., which owns some companies and has stakes in many others. The firm listed its top common stock holdings...
DNA analysis: Subway chicken in Canada was part meat, part something else

DNA analysis: Subway chicken in Canada was part meat, part something else

Up in the Great White North, a recent laboratory analysis unveiled a masquerade of meat. A researcher delved into the DNA of chicken sold at various fast food restaurants, at the request of the Canadian Broadcasting Corporation's "Marketplace" program. Not all poultry, the Canadian Broadcasting Corp. reported, was as it seemed. Four of the five fast food joints were mostly hawking the real...
Beware of FBI impersonators demanding money

Beware of FBI impersonators demanding money

If someone claiming to be an FBI or other federal agent shows up at your home or office and demands money — you could be in big trouble. Not in trouble with the police, but actually you should call the police — because anyone who shows up unannounced and demands money on behalf of the government is a crook trying to catch you off guard. According to a police report, Seattle police...
Casting call: ‘Pitch Perfect 3’ is filming in Marietta

Casting call: ‘Pitch Perfect 3’ is filming in Marietta

If you rock a high-and-tight haircut and love movies about singing, then you may want to clear your calendar for a few days in March. “Pitch Perfect 3” is looking for mostly military types to include in multiple scenes filming throughout Marietta. This movie is a sequel to the 2012 and 2015 films about a female a cappella group. Star Rebel Wilson and costars Anna Camp, Kelley...
SEC’s Atlanta office: Illegal overseas trading scheme nets $3.6 million

SEC’s Atlanta office: Illegal overseas trading scheme nets $3.6 million

Investigators at the U.S. Securities and Exchange Commission’s Atlanta office said Tuesday that they obtained freezes on two overseas accounts holding more than $3.6 million in alleged illegal profits from insider trading. The money, in two accounts in London and Singapore, stem from allegedly illegal profiteering on inside information that traders got ahead of SoftBank’s deal to buy Fortress...
What you should do if the IRS breaks the rules

What you should do if the IRS breaks the rules

Most people know that breaking tax rules, even accidentally, can bring serious consequences like an audit. It may seem like a one-way street, but the IRS has to follow rules, too. Here’s what three tax attorneys say you should know. The Taxpayer Bill of Rights, which the IRS adopted in 2014, summarizes taxpayer rights scattered throughout the tax code, making it easier to understand what...
This year's IRS audits are bad news — for the rich

This year's IRS audits are bad news — for the rich

The IRS is turning up the heat on taxpayers. Some of them, anyway.The number of audits conducted by the Internal Revenue Service has dropped as it continues to reel from years of budget cuts. But even as its workforce shrinks, the agency must keep the money flowing into the U.S. Treasury. The solution in 2017? Focus on target-rich environments, and squeeze more dollars out of each audit. That means...
Wes Moss: Do bonds still belong in your portfolio?

Wes Moss: Do bonds still belong in your portfolio?

Pity the poor bond, always runner-up to stocks. We refer to “stocks and bonds,” never “bonds and stocks.” Nobody brags at the watercooler about their smart bonds picks. And, now, bonds are starting to face an even bigger PR problem. And like a lot of PR problems, the bad headlines may be unfair. The current upward movement of interest rates has some investors reconsidering...
Jeezy sued for skipping concert, keeping deposit