Michael E. Kanell

Business Reporter

Economics writer Michael E. Kanell has covered business, telecom, jobs and housing for the AJC since 1995.

Latest from Michael E. Kanell

Metro Atlanta home prices jump 10.3 percent since last year
 The median sales price of a home sold in metro Atlanta last month jumped 10.3 percent from the same month last year, according to a report by Re/Max Georgia. The region’s real estate market slowed as it typically does in the autumn, the number of sales falling from September this year. Compared to a year ago, sales were essentially...

Posted: a day ago

The median sales price of a home sold in metro Atlanta last month jumped 10.3 percent from the same month last year, according to a report by Re/Max Georgia. The region’s real estate market slowed as it typically does in the autumn, the number of sales falling from September this year. Compared to a year ago, sales were essentially...
Lawsuit charges Equifax failure is already costing consumers
 Consumers from across the country have joined in a class action lawsuit against Equifax, arguing that the company’s failure to protect their data earlier this year has already led to misuse of the information. The suit, filed in U.S. District Court in Atlanta, alleges that data taken from Equifax has been used in a series of frauds...

Posted: a day ago

Consumers from across the country have joined in a class action lawsuit against Equifax, arguing that the company’s failure to protect their data earlier this year has already led to misuse of the information. The suit, filed in U.S. District Court in Atlanta, alleges that data taken from Equifax has been used in a series of frauds...
Atlanta’s Equifax faces bumpy road, but expected to survive
 Equifax is nearing the end of an embarrassing, awful year. Since announcing in September that hackers had accessed its data on more than 145 million consumers, the Atlanta-based company has been dealing with sustained backlash. And there’s more to come as the credit reporting agency steers through a slew of obstacles, from the costs...

Posted: a day ago

Equifax is nearing the end of an embarrassing, awful year. Since announcing in September that hackers had accessed its data on more than 145 million consumers, the Atlanta-based company has been dealing with sustained backlash. And there’s more to come as the credit reporting agency steers through a slew of obstacles, from the costs...
Atlanta job growth slowing, says forecaster
 Job growth in Atlanta will slow next year and in 2019, but the unemployment rate should remain below 5 percent, according to a report released Wednesday by Georgia State’s Economic Forecasting Center. The metro area will add about 51,900 jobs in 2018, compared to about 68,900 by the end of this year and more than 90,000 in 2016, said...

Posted: 8 days ago

Job growth in Atlanta will slow next year and in 2019, but the unemployment rate should remain below 5 percent, according to a report released Wednesday by Georgia State’s Economic Forecasting Center. The metro area will add about 51,900 jobs in 2018, compared to about 68,900 by the end of this year and more than 90,000 in 2016, said...
Mattress Firm sues Atlanta’s Colliers and execs
 A national retail mattress chain has sued an Atlanta-based commercial real estate broker for an alleged scheme of fraud and kickbacks. Mattress Firm, a 3,500-store chain, charged Colliers International’s Atlanta office, a former senior vice president and two former executives in the office, with inflating rents paid by the company stores...

Posted: 8 days ago

A national retail mattress chain has sued an Atlanta-based commercial real estate broker for an alleged scheme of fraud and kickbacks. Mattress Firm, a 3,500-store chain, charged Colliers International’s Atlanta office, a former senior vice president and two former executives in the office, with inflating rents paid by the company stores...
Atlanta-based Home Depot grows without adding stores
 The days of building a business by opening scores of stores each year are gone. But unlike many of the chains making up retail – from Belk to Kmart, from Macy’s to Kohl’s – Home Depot isn’t closing bunches of them while struggling to stay profitable. Instead, the $95 billion-a-year company has turned to efficiency...

Posted: 9 days ago

The days of building a business by opening scores of stores each year are gone. But unlike many of the chains making up retail – from Belk to Kmart, from Macy’s to Kohl’s – Home Depot isn’t closing bunches of them while struggling to stay profitable. Instead, the $95 billion-a-year company has turned to efficiency...
Atlanta housing market looks back, 10 years later
 Ten years after the housing boom was reaching its peak, the market now looks “suspiciously similar” to the moment just before the disastrous burst of the bubble – but it’s really not the same, says a report issued today. Atlanta prices are up and rising steadily -- and the median now is 7.3 percent above the pre-recession...

Posted: 9 days ago

Ten years after the housing boom was reaching its peak, the market now looks “suspiciously similar” to the moment just before the disastrous burst of the bubble – but it’s really not the same, says a report issued today. Atlanta prices are up and rising steadily -- and the median now is 7.3 percent above the pre-recession...
Atlanta’s housing market rebounds from the recession
 Ten years after the housing boom was reaching its peak, the market now looks “suspiciously similar” to the moment just before the disastrous burst of the bubble – but it’s really not the same, says a report issued today. And while some metros in this country are seeing the same kind of double-digit price hikes that...

Posted: 10 days ago

Ten years after the housing boom was reaching its peak, the market now looks “suspiciously similar” to the moment just before the disastrous burst of the bubble – but it’s really not the same, says a report issued today. And while some metros in this country are seeing the same kind of double-digit price hikes that...
Food distributor: NAFTA helps his business, makes for good neighbors
 The business he knows best is food and NAFTA has been very good for his business, said Rene Diaz, the chief executive of Diaz Foods. Started as Diaz Market in 1969 and transformed in 1980 into Diaz Foods, the Atlanta-based company has grown to be one of the nation’s leading distributors of Hispanic foods, with customers in 25 states...

Posted: 12 days ago

The business he knows best is food and NAFTA has been very good for his business, said Rene Diaz, the chief executive of Diaz Foods. Started as Diaz Market in 1969 and transformed in 1980 into Diaz Foods, the Atlanta-based company has grown to be one of the nation’s leading distributors of Hispanic foods, with customers in 25 states...
In Georgia, NAFTA has hurt some while lifting others
 Rebba Storey slid a cup and a blueberry muffin across the smooth, maroon counter at the Jam-N-Java Bakery, smiling at her only customer on a recent sunny afternoon. She skated a hand across the shiny top, pointing to cuts in the dark-stained surface, notches long ago seared into the wood that were later sanded and shellacked. “This...

Posted: 12 days ago

Rebba Storey slid a cup and a blueberry muffin across the smooth, maroon counter at the Jam-N-Java Bakery, smiling at her only customer on a recent sunny afternoon. She skated a hand across the shiny top, pointing to cuts in the dark-stained surface, notches long ago seared into the wood that were later sanded and shellacked. “This...
Timber manager: U.S. courts need a place in resolving NAFTA disputes
 Trees have been Blake Sullivan’s business for more than three decades, mostly as a manager of forestland. “I’m kind of like an orchestra leader,” he said. Landowners “tell me what they need to do with their land. They tell me their goals.” It’s not enough to simply stand back, not when those goals...

Posted: 12 days ago

Trees have been Blake Sullivan’s business for more than three decades, mostly as a manager of forestland. “I’m kind of like an orchestra leader,” he said. Landowners “tell me what they need to do with their land. They tell me their goals.” It’s not enough to simply stand back, not when those goals...