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Business


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...
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

Jeezy sued for skipping concert, keeping deposit

A Houston music promoter said in a lawsuit that he agreed to pay Atlanta rapper Young Jeezy $1,000 a minute for an hour-long concert in Texas last December, but the musician skipped the concert for a party and kept his $30,000 deposit. Now Jay Jenkins, the 39-year-old rapper who goes by Jeezy or Young Jeezy, faces a civil lawsuit filed Feb. 8 in the U.S. District Court in Houston that accuses him...
Report: Bankruptcy an option for Vogtle contractor

Report: Bankruptcy an option for Vogtle contractor

A Japanese publication reported Friday that Toshiba is considering a bankruptcy filing for its Westinghouse unit, the company building two nuclear reactors at Georgia Power’s Plant Vogtle. Citing an unnamed Toshiba official, Nikkei Asian Review said the company sees bankruptcy “as one option as it reviews its overall nuclear power business.” Toshiba recently reported more than $6...
Plant Vogtle’s nuke builder could file bankruptcy, says Japan newspaper

Plant Vogtle’s nuke builder could file bankruptcy, says Japan newspaper

A Japanese publication reported Friday that Toshiba is considering a bankruptcy filing for its Westinghouse unit, the company that is building two nuclear reactors at Georgia Power’s Plant Vogtle. Citing an unnamed Toshiba official, Nikkei Asian Review said the company sees bankruptcy “as one option as it reviews its overall nuclear power business.” Toshiba recently reported more...
Lawsuit: Atlanta rapper Jeezy blew off concert to party

Lawsuit: Atlanta rapper Jeezy blew off concert to party

A Houston music promoter said in a lawsuit that he agreed to pay Atlanta rapper Young Jeezy $1,000 a minute for an hour-long concert in Texas last December, but the musician skipped the concert for a party and kept his $30,000 deposit. Now Jay Jenkins, the 39-year-old rapper who goes by Jeezy or Young Jeezy, faces a civil lawsuit filed Feb. 8 in the U.S. District Court in Houston that accuses him...
Kempner: Atlantan not a movie guy, but now has Oscar connection

Kempner: Atlantan not a movie guy, but now has Oscar connection

Nelson Burke is more surprised than anybody that an Atlanta guy like him is in the movie business and has ties to a production up for an Oscar on Sunday. It’s become kind of routine. But he tells me he often gets a worrisome twinge. It’s not his back; it’s Georgia legislators. What if the folks at the Capitol get some kind of goofy idea to kill the tax credits that have made...
‘Lessons were learned,’ outgoing Atlanta Fed chief says

‘Lessons were learned,’ outgoing Atlanta Fed chief says

Like a victim of the oft-cited Chinese curse, Dennis Lockhart has lived in interesting times professionally. He became president of the Atlanta Federal Reserve a few months before the economy slid into the deepest, most painful recession since the 1930s – a crisis that has largely dominated Fed policy since. As unemployment spiked and millions of Americans lost homes to foreclosure, the Fed...
Southern Co. watchful as Toshiba woes mount

Southern Co. watchful as Toshiba woes mount

Southern Co. Chief Executive Tom Fanning said the utility is “closely monitoring” financial turmoil at Toshiba Corp. stemming from losses on construction contracts for nuclear power plants in Georgia and South Carolina. Top executives at the Atlanta utility told investors this week they expect the Tokyo technology giant to weather huge losses and complete the construction of Plant Vogtle...
Piedmont to run Walgreens walk-in clinics

Piedmont to run Walgreens walk-in clinics

Piedmont Healthcare will operate 27 retail health clinics in Walgreens stores across the Atlanta area. The transition to Piedmont management is planned for August, and the clinics will be known as Piedmont QuickCare at Walgreens. It’s the latest move by Atlanta-based Piedmont to extend its reach across metro Atlanta and North Georgia. Last year, Piedmont acquired Athens Regional Medical Center...
GSU forecast: Hiring to slow in 2017

GSU forecast: Hiring to slow in 2017

The first year of the Trump administration will bring a “skirmish” over trade that will buffet the Georgia economy, but not keep it from growing, according to a closely watched forecast from Georgia State University. Growth and hiring will continue but slow, with the most vulnerable companies being those that rely on international business, said Rajeev Dhawan, director of the Georgia State...
Losses on risky projects crimp Southern Co.’s profits

Losses on risky projects crimp Southern Co.’s profits

A $200 million-plus loss on Southern Co.’s troubled Mississippi “clean coal” plant took a big bite out of its fourth-quarter profit, the Atlanta utility said Wednesday. Southern has been saddled with big challenges at its two most ambitious projects: the Kemper plant being built by its Mississippi Power unit, and the Vogtle nuclear plant expansion near Augusta, overseen by its Georgia...
Four Seasons, Lodge at Sea Island the best hotels in Georgia

Four Seasons, Lodge at Sea Island the best hotels in Georgia

The Four Seasons Atlanta and Sea Island’s The Cloister and the Lodge at Sea Island were named the state’s top hotels again by Forbes Travel Guide. The three hotels, perennial favorites on the list, were awarded five stars, the top ratings given in Forbes annual listing of the best lodging in the nation. “Sea Island is proud to once again earn the honorable Forbes five-star recognitions...
Kempner: Losing our Fortune 500 companies should be a clue

Kempner: Losing our Fortune 500 companies should be a clue

Long ago, my fellow Gwinnett voters treated the idea of letting MARTA into the county a bit like suggesting someone put a fire ant on our dinner plate. Gwinnett chairman Charlotte Nash has a clear memory of this. But now Nash says she will push for a new public referendum on transit — though she said she doesn’t know if it would include MARTA, which she thinks would have “precarious&rdquo...
Better than a toaster: Cash to open a bank account

Better than a toaster: Cash to open a bank account

You won’t likely be awarded with a toaster these days when you open a checking account, but a surprising number of banks are offering something even better — Benjamins. Do a little digging, and you’ll learn that several national and local banks are offering $100, $200, even $350 to eligible would-be banking customers to open checking accounts. SunTrust, Wells Fargo and Bank of America...
Popeyes to be acquired by Burger King parent

Popeyes to be acquired by Burger King parent

Atlanta-based Popeyes Louisiana Kitchen is being acquired for $1.8 billion by the Canadian company that owns Burger King. Restaurant Brands International announced the planned purchase Tuesday. Popeyes chose the RBI offer over a competing offer from Arby’s Restaurant Group, another Atlanta-based fast food chain, according to a Bloomberg report. In an announcement of the deal, RBI said Popeyes...
3 unlimited data plan ‘gotchas’ hidden in the fine print

3 unlimited data plan ‘gotchas’ hidden in the fine print

Advertisements for unlimited cellphone data plans are everywhere, but are any of these plans right for you? The answer to that question may not be a simple yes or no. And so far, this ongoing war among wireless providers has meant better plan options for you! Unlimited data plans: Verizon vs. AT&T vs. T-Mobile vs. Sprint   We’ve gone through the fine print and identified three big...
Comcast launches “Tech ETA” to improve service call issues

Comcast launches “Tech ETA” to improve service call issues

In an effort to boost confidence in service hook ups, Comcast announced Monday it has launched a new notification in its app to let customers know when a technician is on the way. Called “Tech ETA,” the notification will provides the cable giant’s customers with a name and picture of the technician as well as a 30-minute window in which the worker is expected to arrive. The notification...
Kempner: Georgia Realtor loses suit over Ellen DeGeneres’ joke

Kempner: Georgia Realtor loses suit over Ellen DeGeneres’ joke

A federal judge has dismissed a Georgia Realtor’s defamation lawsuit against the producer of “The Ellen DeGeneres Show” because, well, the TV comedian was telling a joke. Warner Robins real estate agent Titi Pierce sued Warner Bros Entertainment — but not DeGeneres — over a nationally televised bit last year in which DeGeneres showed a photo of one of Pierce’s roadside...
An armless man couldn't carry his bike upstairs. He says it cost him his job.

An armless man couldn't carry his bike upstairs. He says it cost him his job.

Michael Trimble's astonishment oozed from the legal jargon of the court documents he filed last week. His employers had just told him he was being fired because he refused to comply with simple requests about his bike. It would be nice, the Gresham, Oregon, man said, if he could carry it up a back flight of stairs to avoid coming through the lobby of the building or speeding through a landscaped pavilion...
Google Fiber safe in Atlanta, despite downsizing of business

Google Fiber safe in Atlanta, despite downsizing of business

Despite reports Google is downsizing the staff at its high-speed Google Fiber business, a spokesman for the company said Wednesday that won’t impact the rollout of the product in Atlanta. “Google Fiber is here to stay in Atlanta,” the spokesman said in a statement. “We’ll continue to serve our customers with the same great service they’ve come to expect from...
AT&T buyout of Turner parent gets shareholder OK

AT&T buyout of Turner parent gets shareholder OK

Time Warner shareholders on Wednesday signed off on the proposed $85 billion merger with telecom giant AT&T, though the buyout still faces the hurdle of regulatory review. If the deal closes, AT&T would become the parent of Time Warner’s Atlanta-based Turner broadcasting unit, which includes CNN, TBS, TNT, Cartoon Network as well as other television and website operations. Time Warner held a...
Kempner: Are we the jerk neighbor in the water wars?

Kempner: Are we the jerk neighbor in the water wars?

It would be nice to believe that Georgia’s 27-year-long water war with Florida and Alabama is over.  We won a crucial round.  But we came out of it looking like jerks, or at least that’s the way it seems from the writings of the man handing us the victory.  That’s just part of the reason I’m having a hard time accepting that the issues behind Georgia&rsquo...
Pratt & Whitney adding 500 jobs at Columbus plant

Pratt & Whitney adding 500 jobs at Columbus plant

Aircraft engine maker Pratt & Whitney plans to expand its plant in Columbus and create more than 500 jobs at the facility over the next five years. Pratt & Whitney, which now has about 1,200 workers at the complex, said Tuesday it will spend $386 million on the expansion. The newly created jobs will include positions in administration, supervisory and technical support, production and maintenance...
Freeze trade agreement

Freeze trade agreement

Keith Schroeder, founder of High Road Ice Cream & Sorbet, surveys the storage room of his Marietta plant and ticks off countries that supply ingredients: Mexico, Japan, Thailand, Canada, Tanzania, Ivory Coast and Madagascar, to name just a few. “This is like the U.N. in here!” he exclaims. “This is neat.” That smiling embrace of global trade is now tempered by uncertainty,...
Need a job in 2017? Atlanta named No. 6 best city for job seekers

Need a job in 2017? Atlanta named No. 6 best city for job seekers

Looking for work for the new year? Atlanta will be a great place for you search, according to NerdWallet. ATL ranked No. 6 on a list of the best cities for job seekers in 2017. NerdWallet analyzed federal data for the 100 largest U.S. cities to compile the list, assessing which cities had the most opportunities and also where paychecks go the furthest. The publication factored each place's...
A Mississippi lawsuit accuses two from Atlanta in alleged bid-rigging

A Mississippi lawsuit accuses two from Atlanta in alleged bid-rigging

A recent federal lawsuit in Jackson, Miss., alleges that one current and one former member of Atlanta Mayor Kasim Reed’s administration were involved in bid-rigging in that city. Mitzi Bickers, who former worked in the Reed administration in human services and played a key role in his 2009 election, is accused of being involved in a scheme where contracts were steered to supporters of Jackson...
Risky projects a cloud over Southern Co.

Risky projects a cloud over Southern Co.

With the region’s economy growing and its job market still drawing transplants, giant utility Southern Co. should be enjoying fair weather. A recent decision by Georgia regulators to let subsidiary Georgia Power pass on to customers most overrun costs at its Plant Vogtle nuclear project was an added boost financially. Yet clouds keep lingering – and in some cases building — over...
Hackers grab up to 355,000 credit card numbers from Arby’s customers

Hackers grab up to 355,000 credit card numbers from Arby’s customers

Thieves breached payment systems at hundreds of Arby’s restaurants and grabbed account numbers from up to 355,000 credit and debit cards, according to a published report. KrebsonSecurity, a blog on online commercial security issues, said Thursday that the Atlanta fast food chain acknowledged that it had recently discovered and shut down the security breach. According to the online site, the...
The bizarre things small-business owners try to deduct on their taxes

The bizarre things small-business owners try to deduct on their taxes

As a small-business owner, you want to take every legal tax deduction you can to lower your tax bill. But lingerie? A petting zoo? Daily breakfast eaten at your desk? As it turns out, one of those three items passed IRS scrutiny, proving that what’s crazy for one business to try to deduct could turn out to be fine for another.  Firearms was a popular response mentioned by several experts...
Equifax posts strong gains, welcomes Dodd-Frank redo

Equifax posts strong gains, welcomes Dodd-Frank redo

Equifax’s top executive said he expects President Donald Trump’s ideas about cutting corporate taxes and financial regulations to boost the economy and the fortunes of the Atlanta-based company and its customers. “If the Trump administration moves along the path of moderating regulation, that’s good for our customers and us,” Equifax CEO Richard Smith said. Smith commented...
Wes Moss: What’s an income investor to do in a rising rate environment?

Wes Moss: What’s an income investor to do in a rising rate environment?

Interest rates have been on the rise since hitting a historic low in mid-2016. Is this a good thing? To borrow a phrase most often associated with politics, where you stand on that question depends on where you sit. If you’re looking to buy a home, or have a small-business loan with a variable rate, you might be getting a little antsy. But if you keep most of your money in cash, you might be...
Coke CEO: Trump policies could help, hurt

Coke CEO: Trump policies could help, hurt

Coca-Cola CEO Muhtar Kent sees a mixed bag of effects from President Donald Trump’s policies, ranging from a travel ban that conflicts with the company’s values to taxation changes that would help its bottom line. Kent shared his views Thursday as the Atlanta giant reported mixed financial results for the final three months of last year. Coke posted a drop in profits for both the fourth...
Lockheed Martin rolls out new cargo aircraft at Marietta plant

Lockheed Martin rolls out new cargo aircraft at Marietta plant

Lockheed Martin on Thursday rolled a new commercial cargo aircraft it has developed at its Marietta plant. The LM-100J commercial freighter is part of the C-130J Super Hercules family of aircraft. On Thursday, employees “walked” the LM-100J out of the building where it was produced, as part of a traditional rollout ceremony at the Lockheed Martin facility at Dobbins Air Reserve Base. The...
Delta to hire 25K, CEO meets with Trump

Delta to hire 25K, CEO meets with Trump

Delta Air Lines plans to hire 25,000 people over the next five years, its CEO said after a meeting of airline chiefs with President Donald Trump on Thursday. Atlanta-based Delta has about 80,000 employees around the world, and hires regularly in some areas due to turnover. The airline did not say how much of the 25,000 figure would be driven by growth vs. normal turnover. The hiring could be contingent...
America's love for tequila faces hazy future

America's love for tequila faces hazy future

Americans are drinking more tequila than ever. It's a run the world's largest producers fear could soon falter as President Donald Trump ratchets up trade tensions with Mexico. A feud over payment for a proposed wall lining the U.S. and Mexico border culminated in Trump's call for a 20 percent levy on Mexican imports, clouding prospects for one of the most popular spirits in the U.S. Concerns surrounding...
Kempner: More ways to drive someone else’s car in Atlanta

Kempner: More ways to drive someone else’s car in Atlanta

Atlantans just got another way to easily hop into a car that isn’t their own. Car-sharing business Maven officially launched service in Atlanta this week, backed by parent General Motors. It’s apparently the first time a major automaker has entered the car-sharing business locally. That’s car-sharing, not ride-sharing. See how tumultuous the world of getting around has become? The...
Coca-Cola has mixed views on Trump, mixed financial results

Coca-Cola has mixed views on Trump, mixed financial results

Coca-Cola Chief Executive Muhtar Kent sees a mixed bag of effects from President Donald Trump’s policies, ranging from a travel ban that conflicts with the company’s values to taxation changes that would help its bottom line. Kent shared his views Thursday as Coca-Cola also reported a mixed bag of financial results for the final three months of last year. Coca-Cola’s profits fell...
Equifax posts strong gains, welcomes Dodd-Frank redo

Equifax posts strong gains, welcomes Dodd-Frank redo

Equifax’s chief executive said Wednesday he expects President Donald Trump’s ideas about cutting corporate taxes and financial regulations to boost the economy and the fortunes of the Atlanta-based company and its customers. “If the Trump administration moves along the path of moderating regulation, that’s good for our customers and us,” said Equifax CEO Richard Smith...
Atlanta boring at night? Suburban senator has advice

Atlanta boring at night? Suburban senator has advice

Atlanta’s nightlife has a problem: It’s skimpy. At least that’s the message from a state senator who also heads the Greater North Fulton Chamber of Commerce, 25 miles deep into the ‘burbs. “There’s not a lot to do here” at night, State Sen. Brandon Beach, R-Alpharetta, told me. And he says it’s limiting our downtown Atlanta convention business. My gut...
Hotels group IHG suffers security breach

Hotels group IHG suffers security breach

Southern Art Restaurant/Bourbon Bar at the InterContinenal Buckhead Atlanta was one of 12 restaurants and hotels operated by the lodging giant InterContinental Hotels Group that suffered a security breach last year, the company says. IHG, the operator of such brands such as Holiday Inn, Crowne Plaza and Staybridge Suites, said malware was found on servers that processed payment cards at the properties...
Study: Atlanta tops for train-to-plane transit

Study: Atlanta tops for train-to-plane transit

Atlanta has the best transit to the airport in the nation, according to a study by MileCards.com, a credit card comparison site. The ranking is based on price, speed, convenience and frequency. Taking MARTA from downtown at Noon on a weekday is convenient and “significantly … faster than driving on Atlanta’s congested freeways,” according to the study. “The $2.50 fare...
Rigby named president of Cox Foundations

Rigby named president of Cox Foundations

Cox Enterprises said Nancy Rigby has been promoted to president of Cox Foundations, effective immediately. She will continue reporting to Jim Kennedy, chairman of Atlanta-based Cox Enterprises. “Under Nancy’s leadership, the Cox Foundation reinforces our company’s long history of being a good corporate citizen through giving,” said Kennedy. Rigby joined the organization in...
5 easy-to-forget things that influence your credit score

5 easy-to-forget things that influence your credit score

Your credit scores can have a huge impact on your finances, as they are a major determining factor for getting approved for loans or new lines of credit. That’s reason number one as to why you should know where your credit stands. (If you don’t you can find out now — Credit.com offers two free credit scores, which are updated every 14 days.) Beyond simply getting approved...
Ga. banking official: full repeal of Dodd-Frank unlikely

Ga. banking official: full repeal of Dodd-Frank unlikely

Georgia’s banking industry was ravaged by the financial crisis, with more than 90 banks shut down in its wake. Most had bet too heavily on real estate. Joe Brannen, president of the Georgia Bankers Association, said the industry does not expect quick action on unwinding Dodd-Frank, the financial reform act spawned by the crisis. It was intended to prevent a repeat but has been criticized as...
Financial law overhaul likely to be slow, despite Trump’s order

Financial law overhaul likely to be slow, despite Trump’s order

President Donald Trump signed an executive order outlining plans to scale back the sweeping Dodd-Frank financial overhaul law that lawmakers enacted after the 2008 financial crisis. The action was paired with another order the president signed today aimed at rolling back a rule aimed at protecting retirement investors that is set to take effect in April. But unlike one of Trump’s recent orders...
How Falcons and Patriots fans are not alike

How Falcons and Patriots fans are not alike

There is more that separates us than the hue of our belly paint. In the spirit of our nation’s present political polarization as well as our fixation on anything that smells of the Super Bowl, let’s dissect the distinctions between Atlanta Falcons fans and fans of the wrong team, bless their hearts. Here’s what Nielsen Sports found when it crunched data on followers of the New England...
These are the bowl bets to avoid at all costs, including one about Luke Bryan

These are the bowl bets to avoid at all costs, including one about Luke Bryan

Super Bowl LI between the Atlanta Falcons and New England Patriots kicks off Sunday, and there are hundreds of prop bets for your consideration. Most wagers are noted as a money line, with negative numbers representing the favorite. For example, a minus-110 money line indicates a bettor needs to wager $110 to win $100. If the money line is plus-110, a bettor would win $110 for every $100 put at risk...
Georgia lawmakers offering a bargain to casino operators?

Georgia lawmakers offering a bargain to casino operators?

Legislation to make casinos legal in Georgia would tax gambling receipts at a rate well below the national average, a review of industry data shows. Supporters’ central argument for opening Georgia to two casino complexes is that they would generate lots of money for education, specifically the HOPE program and need-based scholarships. But figures from the American Gaming Association show the...
Atlanta paid contractor accused of bribery at least $7.3 million

Atlanta paid contractor accused of bribery at least $7.3 million

The Atlanta contractor who has pleaded guilty to bribing city officials was paid more than $7.3 million for emergency work during the time he was withdrawing cash for payoffs to win city contracts, according to court records and an Atlanta Journal-Constitution analysis of city payments to vendors. Cascade Building Systems LLC, a company belonging to Elvin “E.R.” Mitchell Jr., received...
Rising prices, short supply skew Atlanta home market

Rising prices, short supply skew Atlanta home market

Rising home prices don’t just change how much buyers pay. They can force them to settle for less, look elsewhere or even shelve their buying plans. All three effects are being seen in metro Atlanta amid the strong rebound in prices of the past few years. Ashley Brown, 26, went shopping for a house in Gwinnett County, where she grew up and had a job teaching at a middle school. She looked in...
Authorities: Atlanta businesswoman bilks IRS out of $20 million

Authorities: Atlanta businesswoman bilks IRS out of $20 million

A 29-year-old Atlanta woman accused of claiming more than $20 million in fraudulent tax refunds was sentenced to more than 12 years in jail this week, according to federal authorities. Investigators said Cheryl Singleton got overly creative with the tax code at the tax preparation business, Advanced Tax Services, that she owned and operated at several metro Atlanta locations. Between 2011 and 2016...
City of Atlanta to release bribery case contracting records

City of Atlanta to release bribery case contracting records

Atlanta Mayor Kasim Reed’s administration said Wednesday it will release records next week pertaining to contracts at the center of a bribery scandal that has gripped City Hall, reversing a previous stance that the city would not release documents until the federal probe was concluded. The city has so far refused to release records requested by The...
GWCC hopes updated eatery captures food dollars

GWCC hopes updated eatery captures food dollars

The thousands of people in town for the annual U.S. Poultry & Egg Association’s annual meeting at the Georgia World Congress Center don’t have to leave the downtown building for food. The GWCC this week took the wraps off a $3.1 million renovation of what had been its long-standing Terraces Restaurant & Lounge. Instead of sitting down and being waited on, visitors now walk up to counters...
Property group: Atlanta among top 5 big cities with most affordable rent

Property group: Atlanta among top 5 big cities with most affordable rent

Your rent check is probably one of your biggest (and often most dreaded) expenses. And, depending on where you live, this expense can take up a sizable amount of your paycheck. But it’s an essential, so every month we write that check. That said, how much your budget can truly afford for rent each month is probably one of the biggest considerations you’ll make if it comes time to relocate...
Super Bowl moguls: How Arthur Blank, Robert Kraft match up

Super Bowl moguls: How Arthur Blank, Robert Kraft match up

Forget about Matt Ryan vs. Tom Brady. In business terms, the real clash of titans in Sunday’s Super Bowl is between Falcons owner Arthur Blank and Patriots owner Robert Kraft, both businessmen-turned-football moguls. Blank is looking for his first championship, while Kraft has four. Here are their stats, according to financial magazine Forbes: Net worth: Blank, $3.3 billion; Kraft, $5.2 billion...
Clear launches speedy security option at Hartsfield-Jackson

Clear launches speedy security option at Hartsfield-Jackson

Travelers now have another option for getting through security at the Atlanta airport. Clear, a biometric identification technology firm that sells memberships granting access to special airport security lines, said it is launching service Wednesday at Hartsfield-Jackson International. Clear kiosks are at Domestic Terminal South, near the TSA Pre-Check line entrance and near the Delta Air Lines check-in...
Atlanta City Hall to release contracts, records in bribery case

Atlanta City Hall to release contracts, records in bribery case

The administration of Atlanta Mayor Kasim Reed said Wednesday it will release records next week pertaining to contracts at the center of a bribery scandal that has gripped City Hall. The city has so far refused to release records requested by The Atlanta Journal-Constitution, Channel 2 Action News and other media citing the ongoing federal investigation into a scheme involving prominent Atlanta businessman...
Toshiba losing big on Plant Vogtle expansion

Toshiba losing big on Plant Vogtle expansion

Toshiba Corp., expected to soon report huge losses on Georgia’s Vogtle nuclear plant expansion and a similar project in South Carolina, is backing away from its nuclear power plant business, according to a Japanese newspaper. The Japan Times reported Saturday that Tokyo-based Toshiba will continue working on those projects, expected to be completed by 2020. But it will stop taking new orders...
Atlanta home price gains beat U.S. average

Atlanta home price gains beat U.S. average

Atlanta home prices rose 6.1 percent during the past year, beating the 5.3 percent average gain for large metro areas, according to a much-watched national survey released Tuesday. That placed Atlanta seventh among 20 metro areas in the S&P/Case-Shiller House Price Index, which calculates a three-month average of prices across the country. Despite stalling in November, according Case-Shiller, metro...
Kempner: ‘Welcome to Atlanta: We’ve got craps!’

Kempner: ‘Welcome to Atlanta: We’ve got craps!’

Heard the one about putting a casino at the Atlanta airport? Sounds like a great way to lose your luggage and your wallet in one stop. That’s not really a joke. A developer says casino operators are pushing to put one in an already planned hotel development at Hartsfield-Jackson Atlanta International Airport and Future Gambling Destination Resort & Emporium. I can imagine the sign at our front...
UPS stock tumbles on weaker profit report

UPS stock tumbles on weaker profit report

UPS shares fell Tuesday morning after reporting a loss from a $2 billion-plus pension charge and a downbeat outlook. Tuesday’s 6.5 percent decline in UPS’ shares, to $109.41 in early afternoon trading, nearly wiped out a surge in the company’s market value since the November election raised investors’ hopes that President Donald Trump’s policies would perk up the U.S...
Report: Toshiba retreating from nuke business after losses on Vogtle

Report: Toshiba retreating from nuke business after losses on Vogtle

Toshiba Corp., expected to soon report huge losses on Georgia’s Vogtle nuclear plant expansion and a similar project in South Carolina, is backing away from its nuclear power plant business, according to a Japanese newspaper. The Japan Times reported Saturday that Tokyo-based Toshiba will continue working on those projects, expected to be completed by 2020. But it will stop taking new orders...
Tech woes dog Delta, other airlines

Tech woes dog Delta, other airlines

Delta Air Lines spent Monday recovering from its second computer system meltdown in a little more than five months, though this one was much less disruptive. The Atlanta airline said about 280 flights were canceled Sunday night and early Monday after an unspecificied systemwide technical issue grounded domestic departures for several hours. Delta said “essential” information technology...
Alpharetta firm plans ‘Renaissance’ expansion

Alpharetta firm plans ‘Renaissance’ expansion

Medical staffing firm Jackson Healthcare says it will start work within months on a $100 million expansion of its Alpharetta headquarters campus. The company, which operates nationally, plans to add 306,000 square feet to its headquarters, enough to handle 1,400 more employees, the company said. Specific hiring plans were not detailed in the company’s announcement. Jackson now has about 1,100...
UPDATE: Radio’s Cumulus flew, and fell. Now warning bankruptcy possible

UPDATE: Radio’s Cumulus flew, and fell. Now warning bankruptcy possible

Here’s what’s happened since a Jan. 9, 2016 story on Atlanta radio giant Cumulus Media, which has been struggling due to high debt, disruption of its business model, and a waning audience and revenue: Cumulus, one of the nation’s largest radio networks, has been working to restructure parts of its $2.4 billion debt load with a stock-for-debt swap, and has said bankruptcy is an option...
Alpharetta financial adviser wins 2016 forecast contest

Alpharetta financial adviser wins 2016 forecast contest

It’s not quite up there with being a weeklong Jeopardy! champion, but in the world of financial advisers it’s pretty close. Brian McGill, a 34-year-old adviser in Alpharetta, posted the highest score ever in an annual forecasting challenge by Barron’s, the financial publication. The 15-year-old contest drew more than 2,500 entries. McGill, who said it was his first time entering...
Wes Moss: With Dow breaking 20,000, what can we expect now?

Wes Moss: With Dow breaking 20,000, what can we expect now?

What a way to start 2017. Donald Trump in the White House, the Dow breaks 20,000, and the Falcons are going to the Super Bowl. That’s a lot of change to start the year. But any number of things remain unchanged in this crazy new world. We all love Julio Jones, mac and cheese is a staple in any household with kids under 10, and stocks still make sense in your investment portfolio. Yes, the stock...
Homeless man receives donated suit, gains hope, job

Homeless man receives donated suit, gains hope, job

Brian Smith of Salt Lake City, Utah said he hit rock bottom after losing his job last February, but a new suit helped turn everything around. “These last 10 months, I’ve lost my faith in humanity, in God, in life,” Smith told KSL. “There were many times when shotguns looked very tempting.” According to the store’s website, for every suit sold in 2017, Utah...
Nissan rejects charges by union-led protests in Marietta

Nissan rejects charges by union-led protests in Marietta

Scores of protesters gathered outside a Marietta car dealership on Thursday, objecting to what they said were violations of workers’ civils rights at a Nissan plant in Mississippi. Organizers accuse Nissan of forcing temporary workers to labor in unsafe conditions in the Canton, Miss. plant. “They have faced threats and efforts by Nissan to silence their voices on the job, according to...
Trump tax on Mexico imports could cut both ways, warns economist

Trump tax on Mexico imports could cut both ways, warns economist

A 20 percent border tax on imports from Mexico could spark a retaliatory tax on U.S. exports and possibly a broader trade war that would hurt Georgia, warned one veteran economist. “Georgia is very dependent on international trade,” said Jeff Humphreys, director of the Selig Center for Growth at the University of Georgia’s business school. He said about one in 12 jobs in the state...
Jackson Healthcare to expand HQ in Alpharetta

Jackson Healthcare to expand HQ in Alpharetta

Jackson Healthcare plans to announce a $100 million expansion of its Alpharetta campus along with the addition of as many as 1,400 jobs over the next five years. The company, which is based in Alpharetta, is the corporate parent to a number of healthcare firms. It expects the new jobs to be the kind of healthcare positions that it currently handles. For example, one of Jackson’s best-known...
Colonial Pipeline’s chief retiring after a difficult year

Colonial Pipeline’s chief retiring after a difficult year

Colonial Pipeline said its longtime chief executive is retiring, months after the national pipeline network suffered two massive leaks and a fire that killed a worker and crimped Atlanta’s gasoline supply for days. CEO Tim Felt said it was his decision to step down from leading the Alpharetta company at the end of this month. “It has been a privilege to lead Colonial Pipeline over the...
3 ways women get shortchanged financially, and what to do about it

3 ways women get shortchanged financially, and what to do about it

Here’s a mind-bending fact: Women could not get a credit card without their husband’s signature until 1974. Women’s rights have been a national conversation since the age of suffrage — and conversations about equality are extremely prevalent in the news right now. While it’s all important, this piece is going to focus on the personal finance aspect of women&rsquo...
Five things to know about Atlanta’s rising unemployment rate

Five things to know about Atlanta’s rising unemployment rate

The metro Atlanta unemployment rate rose to 5.0 percent in December, from 4.8 percent in November, the government reported today. December is not typically a strong month for hiring and this one was true to form: the labor market was basically flat, losing about 100 positions. The labor force grew by nearly 21,000 people – which combines with weak hiring for a higher unemployment rate. A year...
Key figure in Atlanta bribery probe pleads guilty

Key figure in Atlanta bribery probe pleads guilty

Federal prosecutors on Wednesday secured their first conviction in a city of Atlanta bribery scandal when Elvin “E.R.” Mitchell Jr., the only suspect named so far in the case, pleaded guilty to a conspiracy charge. Mitchell, 63, admitted to conspiring to commit bribery in order to obtain city construction contracts, as well as conspiring to launder money, from 2010 to August 2015...
New details in case of Atlanta bribery suspect menaced with rats

New details in case of Atlanta bribery suspect menaced with rats

As the corruption probe into city of Atlanta contracts netted a guilty plea in federal court Wednesday, The Atlanta Journal-Constitution and Channel 2 Action News have learned new details about the attempt to silence contractor Elvin “E.R.” Mitchell Jr., a central figure in the case. Mitchell pleaded guilty to conspiracy to commit bribery and money laundering for paying more than $1 million...
Bull run: ‘Giddy’ Dow breaks 20k

Bull run: ‘Giddy’ Dow breaks 20k

The Dow Jones Industrial Average, a closely watched gauge of the stock market, crossed over 20,000 Wednesday for the first time in its 120-year history. Atlanta-area money managers say the milestone is the result of investors’ mass optimism that President Donald Trump will be able to make good on campaign promises to rev up the economy with higher infrastructure spending, lower taxes and fewer...
Dow hits 20,000 for the first time; market is ‘giddy’

Dow hits 20,000 for the first time; market is ‘giddy’

The stock market is giving us a lesson in crowd psychology, whether we want it or not. Since the election of Donald Trump as president in early November, the market is up about 10 percent. The Dow Jones Industrial Average breached the 20,000 mark for the first time today. Atlanta-area money managers say the milestone is the result of investors’ mass optimism that Trump will be able to make good...
Atlanta near top again for home flipping. Should we worry?

Atlanta near top again for home flipping. Should we worry?

Atlanta is among the nation’s leaders in home-flipping, according to a report released today. The metro area ranked eighth in the country with flips accounting for 7.9 percent of sales – that is, more than one of every 13 sales — not counting foreclosure and other distressed sales, according to Trulia, a San Francisco-based real estate company. “House flipping made...
AJC ‘Doctors’ series wins investigative award

AJC ‘Doctors’ series wins investigative award

The Atlanta Journal-Constitution series, “Doctors & Sex Abuse,” has won the Philip Meyer Award, which honors the best investigative journalism that makes use of social science research methods. The award was announced Tuesday by Investigative Reporters & Editors. “The newspaper took data analysis for a story to new levels of sophistication,” the IRE said in a statement. The...
WestRock: another day, another $1 billion-plus deal

WestRock: another day, another $1 billion-plus deal

WestRock Co. announced Tuesday it is buying Multi Packaging Solutions International in a $1.4 billion deal that will add to its position as one of the nation’s largest paper and packaging makers. The all-cash deal comes only one day after WestRock reached a deal to sell its health and beauty-related business to a Stamford, Conn., packaging manufacturer, Silgan Holdings, for $1.03 billion. Silgan...
Clock ticking, Obama’s last act as president saved a tech program

Clock ticking, Obama’s last act as president saved a tech program

Obama’s last act as president might surprise you. And when we say last, we mean the very final thing he did before walking to the stage in front of the Capitol to witness the inauguration of his successor, Donald Trump. And, whatever you think of newly minted ex-president, you might be pleased at what he did – if you’re a fan of technology and the idea that now and then the government...
Comcast launches 1-gig service for smaller businesses

Comcast launches 1-gig service for smaller businesses

Comcast said it is now offering a one-gigabit service aimed at small- and medium-sized businesses in Atlanta, joining a growing list of fast internet services offered in the metro area. Comcast said its “Business Internet 1 Gig” service and a slower version, “Business Internet 500,” will be available on its existing network in its Atlanta service area. The Comcast service joins...
Prices soar for Super Bowl-goers

Prices soar for Super Bowl-goers

Following the Falcons to the Super Bowl might be a bucket-list trip for some fans, but it will come at a dizzying cost. Prices are soaring for airline flights to Houston, for hotels in the city, and especially for tickets to the game. According to StubHub, the cheapest ticket available Monday was $3,525, while the price for tickets sold has ranged from $2,950 to $15,432. About 8 percent of the sales...
WestRock sells health and beauty unit for $1 billion