Russell Grantham

Business Reporter

Russell Grantham has been covering banking, taxes and the Georgia economy for The Atlanta Journal-Constitution since 2000.

Latest from Russell Grantham

Senators call for more actions from Equifax in wake of hack
 As former Equifax Chief Executive Richard Smith appeared Wednesday for the second of three Congressional hearings this week, senators called for the company to do more to make amends to almost 146 million Americans affected by a massive hacking incident. The suggestions ranged from calls for Equifax to take more legal and financial responsibility...

8:28 PM Wednesday, Oct. 04, 2017

As former Equifax Chief Executive Richard Smith appeared Wednesday for the second of three Congressional hearings this week, senators called for the company to do more to make amends to almost 146 million Americans affected by a massive hacking incident. The suggestions ranged from calls for Equifax to take more legal and financial responsibility...
Senators call for more actions from Equifax in wake of hack
 Former Equifax Chief Executive Richard Smith appeared Wednesday for the second of three Congressional hearings he is facing this week over the company’s massive hacking incident affecting almost 146 million Americans. Here are some snapshots from today’s hearing before the Senate Banking, Housing and Urban Affairs Committee, where...

6:35 PM Wednesday, Oct. 04, 2017

Former Equifax Chief Executive Richard Smith appeared Wednesday for the second of three Congressional hearings he is facing this week over the company’s massive hacking incident affecting almost 146 million Americans. Here are some snapshots from today’s hearing before the Senate Banking, Housing and Urban Affairs Committee, where...
Equifax’s ex-CEO gets a grilling in Washington over data breach
 Sitting alone before a panel of dozens of lawmakers in Washington, D.C., former Equifax CEO Richard Smith tried Tuesday to explain how the Atlanta company he recently headed allowed hackers to steal the most private identifying information for half a nation. “My name is Rick Smith,” said the executive, calm but appearing chastened...

9:54 PM Tuesday, Oct. 03, 2017

Sitting alone before a panel of dozens of lawmakers in Washington, D.C., former Equifax CEO Richard Smith tried Tuesday to explain how the Atlanta company he recently headed allowed hackers to steal the most private identifying information for half a nation. “My name is Rick Smith,” said the executive, calm but appearing chastened...
Mr. Smith goes to Washington
 Equifax CEO Richard Smith told lawmakers at a Tuesday hearing that the company’s massive investments in data security didn’t work because one individual failed to tell the right people to patch faulty software. On March 8, Equifax got a notice from the U.S. Department of Homeland Security that software it used, called Apache Struts...

5:42 PM Tuesday, Oct. 03, 2017

Equifax CEO Richard Smith told lawmakers at a Tuesday hearing that the company’s massive investments in data security didn’t work because one individual failed to tell the right people to patch faulty software. On March 8, Equifax got a notice from the U.S. Department of Homeland Security that software it used, called Apache Struts...
Timeline of the hacking of Equifax
 Ex-Equifax CEO Richard Smith told lawmakers Monday that “both human error and technology failures” opened the way for a massive hacking incident in which thieves got away with sensitive information on more than 145 million Americans. Here’s a chronology of what happened, based on his prepared testimony before a ...

11:01 PM Monday, Oct. 02, 2017

Ex-Equifax CEO Richard Smith told lawmakers Monday that “both human error and technology failures” opened the way for a massive hacking incident in which thieves got away with sensitive information on more than 145 million Americans. Here’s a chronology of what happened, based on his prepared testimony before a ...
Plant Vogtle partners get first $300 million “guarantee” payment
 Georgia Power said it received $300 million from Toshiba Corp. Monday, the first installment of almost $3.7 billion aimed at covering cost overruns at the troubled Plant Vogtle project. The Japanese conglomerate promised to pay $3.68 billion in installments after Westinghouse Corp., formerly a key contractor at Plant Vogtle, filed bankruptcy...

7:55 PM Monday, Oct. 02, 2017

Georgia Power said it received $300 million from Toshiba Corp. Monday, the first installment of almost $3.7 billion aimed at covering cost overruns at the troubled Plant Vogtle project. The Japanese conglomerate promised to pay $3.68 billion in installments after Westinghouse Corp., formerly a key contractor at Plant Vogtle, filed bankruptcy...
Energy Department offers extra $3.7 billion loan backing for Plant Vogtle
 The Department of Energy has given initial approval for $3.7 billion in additional loan guarantees to help cover more cost overruns at the troubled Plant Vogtle project. The U.S. agency said Friday it gave conditional approval of loan guarantees for the project to add two new nuclear reactors at the plant near Augusta, drawing praise...

8:52 PM Friday, Sep. 29, 2017

The Department of Energy has given initial approval for $3.7 billion in additional loan guarantees to help cover more cost overruns at the troubled Plant Vogtle project. The U.S. agency said Friday it gave conditional approval of loan guarantees for the project to add two new nuclear reactors at the plant near Augusta, drawing praise...
Georgians take a $300 million-plus hit from Irma
 Hurricane Irma, which had weakened to a tropical storm by the time it hit Georgia earlier this month, still packed a wallop, causing at least $300 million in insured losses, according to Georgia Insurance Commissioner Ralph Hudgens. “Our preliminary estimate today is $336 million in damage across Georgia. That figure may rise as new...

6:50 PM Friday, Sep. 29, 2017

Hurricane Irma, which had weakened to a tropical storm by the time it hit Georgia earlier this month, still packed a wallop, causing at least $300 million in insured losses, according to Georgia Insurance Commissioner Ralph Hudgens. “Our preliminary estimate today is $336 million in damage across Georgia. That figure may rise as new...
Energy Department offers extra $3.7 billion loan backing for Vogtle
 The Department of Energy has given initial approval for $3.7 billion in additional loan guarantees to help cover more cost overruns at the troubled Plant Vogtle project. The U.S. agency said Friday it gave conditional approval of loan guarantees for the project to add two new nuclear reactors at the plant near Augusta. The commitments include...

4:28 PM Friday, Sep. 29, 2017

The Department of Energy has given initial approval for $3.7 billion in additional loan guarantees to help cover more cost overruns at the troubled Plant Vogtle project. The U.S. agency said Friday it gave conditional approval of loan guarantees for the project to add two new nuclear reactors at the plant near Augusta. The commitments include...
Georgians take a $300 million-plus hit from Irma
 Hurricane Irma, which had weakened to a tropical storm by the time it hit Georgia earlier this month, still packed a wallop, causing at least $300 million in insured losses, according to Georgia Insurance Commissioner Ralph Hudgens. “Our preliminary estimate today is $336 million in damage across Georgia. That figure may rise as new...

9:29 PM Thursday, Sep. 28, 2017

Hurricane Irma, which had weakened to a tropical storm by the time it hit Georgia earlier this month, still packed a wallop, causing at least $300 million in insured losses, according to Georgia Insurance Commissioner Ralph Hudgens. “Our preliminary estimate today is $336 million in damage across Georgia. That figure may rise as new...
Equifax to offer free credit freezes for life, new CEO says
 Equifax’s new interim chief executive said the company is planning to offer a new life-long credit freeze service for free by the end of January. Paulino do Rego Barros Jr., who was named the company’s new CEO on Tuesday, announced that move Thursday, along with other efforts to improve its problem-plagued response to a massive...

7:42 PM Thursday, Sep. 28, 2017

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