Business


Third Atlanta City Council vote on Gulch deal postponed

Mayor Keisha Lance Bottoms’ office on Friday scrapped a planned City Council vote set for Wednesday on the controversial public financing package for downtown Atlanta’s $5 billion Gulch project, marking at least the third time a vote has been scuttled since September. The reversal comes about 24 hours after the council scheduled a special meeting at Bottoms’ request to...


Georgia job growth strong heading toward holiday hiring

Georgia job growth strong heading toward holiday hiring

The Georgia economy added 15,300 jobs in September, the best month for hiring so far this year, according to the state’s labor department. Hiring often decelerates coming into the fall, but not this time: Georgia has now added 81,300 jobs as it heads into the fourth quarter, a period in which there is generally a flurry of hiring to cover holiday business. The state has 4.
Brian Smith appointed president of Coca-Cola

Brian Smith appointed president of Coca-Cola

The board of directors of the Coca-Cola company on Thursday announced key top leadership changes, including the appointment of Brian Smith as the company’s next president. In addition to president, Smith, currently head of the company’s Europe, Middle East and Africa group, will also take on the role of chief operating officer. He will assume his new role Jan.
Pilot job fair to be held in Atlanta

Pilot job fair to be held in Atlanta

A pilot job fair is planned for Atlanta this Saturday, with airlines hiring qualified pilots and a forum for aspiring pilots. The job fair will be held Oct. 20 by Future & Active Pilot Advisors (FAPA) at the Hilton Atlanta Downtown at 255 Courtland Street NE. From 9 a.m.
Delta Air Lines CEO says free in-flight Wi-Fi could take years

Delta Air Lines CEO says free in-flight Wi-Fi could take years

Delta Air Lines CEO Ed Bastian said he wants to eventually make in-flight Wi-Fi free, but it could be two to three years before that happens. That’s partly because the technology is not yet up to par, Bastian said. “I don’t think our customers should have to pay for Wi-Fi in the air,” Bastian said.
Atlanta home sales dive from year ago

Atlanta home sales dive from year ago

The retreat in Atlanta’s housing market is becoming a rout: the number of home sales last month took a double-digit tumble from a year ago, according to two reports issued this week. While the reports do not track exactly the same turf, they paint similar pictures of a cooling market: The Atlanta Realtors Association reports that sales were off 10.
Mayor Bottoms names Atlanta’s first chief housing officer

Mayor Bottoms names Atlanta’s first chief housing officer

Atlanta Mayor Keisha Lance Bottoms on Tuesday announced the appointment of the city’s first chief housing officer, a new cabinet position tasked with helping the mayor fulfill one of her most ambitious campaign pledges.
In aftermath of Hurricane Michael, Delta extends change fee waiver for Panama City

In aftermath of Hurricane Michael, Delta extends change fee waiver for Panama City

With Panama City, Fla. heavily battered by Hurricane Michael, Delta Air Lines has extended its waiver of change fees for travelers with flights booked to the city’s Northwest Florida Beaches International Airport. Atlanta-based Delta is extending through Oct. 20 its waiver of certain change fees for passengers with flights booked to, from or through Panama City.
Kmart plans to close its last Georgia stores

Kmart plans to close its last Georgia stores

A big national retailer is closing its last stores in Georgia, where it once reportedly considered moving its headquarters. Kmart, which in years past had dozens of stores in the state, is shutting the only two Georgia stores the chain lists online. One is in Peachtree City. The other is in Covington. A company spokesman wasn’t immediately available for comment.
Plant Vogtle at center of Ga. PSC race as incumbents fight to hold seats

Plant Vogtle at center of Ga. PSC race as incumbents fight to hold seats

The state’s Public Service Commission impacts the wallets of millions of electricity and natural gas customers, yet the five regulators are among the least known elected officials in Georgia. Still, the low-profile state body suddenly finds itself in the crosshairs of a statewide debate that has reared its head just weeks before the Nov. 6 elections. Recent news of an additional $2.
Salesforce to add 600 jobs, double presence in Atlanta

Salesforce to add 600 jobs, double presence in Atlanta

Salesforce will announce plans today to expand its Atlanta office, adding 600 jobs and doubling its presence here. The San Francisco-based software company, which has an office in Buckhead, has annual revenue of about $10 billion.
Sears bankruptcy: In metro Atlanta, few stores remain 

Sears bankruptcy: In metro Atlanta, few stores remain 

Sears, once the mightiest of American retailers, was an endangered species in metro Atlanta even before it filed for bankruptcy protection Monday. Even before waves of recent closures in the region, it had receded in the minds of shoppers, retail observers say. “Sears has been irrelevant for a number of years,” said Ken Bernhardt, a former Georgia State University marketing professor....
Atlanta mayor, CIM alter Gulch financing deal

Atlanta mayor, CIM alter Gulch financing deal

Atlanta Mayor Keisha Lance Bottoms on Monday said the city and developer CIM Group agreed to new terms on a public financing package for the $5 billion Gulch project, after the original deal appeared destined for failure before City Council.
John Selden confirmed as new Hartsfield-Jackson general manager

John Selden confirmed as new Hartsfield-Jackson general manager

The appointment of the next general manager of Hartsfield-Jackson International Airport, John Selden, has been confirmed by the Atlanta City Council. The city council approved the appointment of Selden at its meeting Monday, after votes in favor by the council’s transportation committee and committee on council.
UPS ramps up operations of massive Southeast regional hub in Atlanta

UPS ramps up operations of massive Southeast regional hub in Atlanta

Spanning the size of 19 football fields, a massive new UPS Southeast shipping hub in Atlanta is aimed at helping the company sort millions of packages as online shopping continues to skyrocket. Sandy Springs-based UPS is getting about $50 million in city, county and state tax incentives for the highly-automated regional hub next to Fulton County Airport.
UPS to hold job fairs across country Friday

UPS to hold job fairs across country Friday

UPS announced plans for a seasonal hiring blitz with job fairs across the country this Friday. The Sandy Springs-based shipping giant will hold 170 job fairs nationally with plans to hire 40,000 people in one day, which it is calling “Brown Friday.
UPDATED: Atlanta, CIM Group reach new terms on Gulch deal, mayor says

UPDATED: Atlanta, CIM Group reach new terms on Gulch deal, mayor says

UPDATE: Atlanta Mayor Keisha Lance Bottoms will present new amendments to a proposed public financing package that will shorten the length of one of the incentive programs to help fund the $5 billion redevelopment of downtown’s Gulch, the mayor’s office said Monday in a news release.
City of Atlanta, Gulch developer in talks to revise deal

City of Atlanta, Gulch developer in talks to revise deal

Developer CIM Group and the city of Atlanta are locked in 11th-hour negotiations on a public financing package to support the $5 billion project aimed at transforming downtown’s Gulch. Mayor Keisha Lance Bottoms has pushed for a Monday City Council vote on the current proposal, which calls for up to $1.75 billion in public financing. But that plan might have hit a wall.
Delta resumes flights at Panama City Beach Airport

Delta resumes flights at Panama City Beach Airport

Delta Air Lines has resumed flights at Panama City Beach Airport in the wake of Hurricane Michael. Atlanta-based Delta said Friday morning marked the arrival of its first flight at Panama City Beach since the hurricane. The airline had already resumed flights Thursday to other airports in Michael’s path.
Sudden fires: Center seeks recall of 2.9 million Kia, Hyundai vehicles

Sudden fires: Center seeks recall of 2.9 million Kia, Hyundai vehicles

A consumer watchdog group is calling for Kia and Hyundai to recall nearly three million vehicles, including some made in Georgia, over persistent concerns about sudden fires. The push Friday by the Center for Auto Safety goes beyond its earlier request for a broader federal investigation into the fires.
Gov. Deal announces plans for aviation academy at Paulding airport

Gov. Deal announces plans for aviation academy at Paulding airport

Gov. Nathan Deal unveiled plans on Friday for a $35 million aviation academy to train aircraft mechanics at the Paulding County airport, a plan that could effectively block efforts to commercialize a second airport in metro Atlanta.
Atlanta gas prices were rising even before Hurricane Michael

Atlanta gas prices were rising even before Hurricane Michael

Atlanta drivers are not getting the usual autumn discount on gas prices and that hurricane whipping through the Southeast helped insure that they won’t see that seasonal drop anytime soon. The average price of regular gasoline was $2.85 a gallon in metro Atlanta mid-week, 37 cents higher than the same time a year ago, according to AtlantaGasPrices, a subsidiary of Gas Buddy.
Andrew Young urges Atlanta City Council support for Gulch proposal

Andrew Young urges Atlanta City Council support for Gulch proposal

Former Atlanta Mayor and U.N. Ambassador Andrew Young has written a letter in support of the Gulch development as City Council prepares for a potential Monday vote on a possible $1.75 billion public financing package for the deal.
Wes Moss: What you need to understand about asset allocation

Wes Moss: What you need to understand about asset allocation

Asset allocation is probably something you’ve heard about in the game of investing. But do you truly understand it, and how you are supposed to be using it? There’s no exact dictionary definition for Asset Allocation. It’s Finance 101 jargon, sure, but it’s typically a key component of portfolio health and few really understand it.
Hurricane Michael: Atlantans face a reckoning at the beach

Hurricane Michael: Atlantans face a reckoning at the beach

Metro Atlantans are only gradually digesting just how brutally Hurricane Michael treated the Gulf Coast region they have flocked to, invested in, vacationed at, partied with and cherished for generations. It wasn’t pleasant. Paradise took a beating.
Delta reports $1.3 billion quarterly profit

Delta reports $1.3 billion quarterly profit

Delta Air Lines reported a profit of $1.3 billion for the third quarter, up 13 percent from a year ago despite higher fuel costs and a $30 million hit from Hurricane Florence. With passengers paying more for premium tickets, Delta president Glen Hauenstein said in a written statement, the company had “record revenues” in the third quarter, which ended Sept 30.
Hartsfield-Jackson to hold career fair Oct. 30

Hartsfield-Jackson to hold career fair Oct. 30

Hartsfield-Jackson International Airport plans to host a career fair Oct. 30 to fill more than 2,000 jobs at airport businesses. The event will be held from 10 a.m. to 2 p.m. at the Georgia International Convention Center.
Delta reports $1.3 billion quarterly profit

Delta reports $1.3 billion quarterly profit

Delta Air Lines reported a profit of $1.3 billion for the third quarter, up 13 percent from a year earlier despite higher fuel costs and a $30 million hit from Hurricane Florence. With passengers paying more for premium tickets, Delta president Glen Hauenstein said in a written statement that the company had “record revenues” in the third quarter ended in Sept 30.
UPS expands My Choice delivery planning service to Africa, Asia, South America

UPS expands My Choice delivery planning service to Africa, Asia, South America

UPS is expanding its My Choice delivery planning service to 96 more countries. Sandy Springs-based UPS is introducing the service in Asia, Africa, South America, Central America, the Caribbean and Oceania. After the expansion is complete later this year, UPS will have the service in a total of 112 countries.
Delta restarts flights in cities Hurricane Michael passed through

Delta restarts flights in cities Hurricane Michael passed through

Delta Air Lines said Thursday it has “largely resumed” flights in cities that Hurricane Michael passed through. However, Panama City Beach Airport remains closed until Friday afternoon due to damage to the terminal and airport infrastructure, according to Delta.
Delta cancels 80 flights due to Hurricane Michael, Hartsfield-Jackson monitoring storm

Delta cancels 80 flights due to Hurricane Michael, Hartsfield-Jackson monitoring storm

Delta Air Lines has canceled about 80 flights due to Hurricane Michael. Atlanta-based Delta said the cancellations include more flight disruptions Wednesday evening and Thursday at Tallahassee, Panama City and Destin - Fort Walton Beach. The airline canceled all of its flights Wednesday in those cities as well as in Albany, Valdosta and Dothan.
Delta cancels some flights due to Hurricane Michael

Delta cancels some flights due to Hurricane Michael

Delta Air Lines is canceling about 44 flights scheduled for Tuesday and Wednesday due to Hurricane Michael. Atlanta-based Delta said most of the flight cancellations are Wednesday at airports in Tallahassee, Pensacola, Panama City and Destin - Fort Walton Beach.
Delta waives fees for bags, pets-in-cabin at airports in Hurricane Michael’s path

Delta waives fees for bags, pets-in-cabin at airports in Hurricane Michael’s path

Delta Air Lines is temporarily waiving fees for checked baggage and pets in the cabin on flights at certain airports in the path of Hurricane Michael. Atlanta-based Delta is waiving all baggage fees including overweight and oversize fees and pet-in-cabin fees for flights to and from Panama City, Pensacola, Tallahassee and Fort Walton Beach, Fla.; and Mobile, Al. through Oct. 12.
Delta caps some air fares due to Hurricane Michael

Delta caps some air fares due to Hurricane Michael

Delta Air Lines says it is capping air fares for travel to and from certain cities in Florida and Alabama later this week due to Hurricane Michael. Atlanta-based Delta said it is capping fares at $299 each way Oct. 9-11 for coach class to and from Pensacola, Panama City, Destin - Fort Walton Beach and Tallahassee, Fla.; and Mobile, Ala.
Experian flaw, millions of consumers urged to change PIN

Experian flaw, millions of consumers urged to change PIN

After report of an online flaw with customer logins, a consumer watchdog has urged consumers to change their passwords on Experian, one of the three agencies that hold data on hundreds of millions of Americans. The company says it’s not needed. But either way, news of the problem was another reminder of consumer dependence on companies to protect their personal information.
Hartsfield-Jackson road closures at Delta curbside to begin for canopy construction

Hartsfield-Jackson road closures at Delta curbside to begin for canopy construction

Road closures are about to begin at the busy Delta Air Lines curbside at Hartsfield-Jackson International, as the airport starts construction of a massive canopy at Terminal South. Starting Saturday morning, parts of the upper roadway at Terminal South will be closed, and the entire upper roadway will be closed most nights, according to Hartsfield-Jackson.
P20 Atlanta conference to be center of global payments world

P20 Atlanta conference to be center of global payments world

The city of Atlanta will play host to Payments 20, a conference of the elite electronic transactions companies and regulators from the U.S., England and Canada in what’s been dubbed by organizers as the “Davos of payments.” The P20 conference, as it’s known for short, is in its second year, and comes to Atlanta after its inaugural conference last year in London.
Contractor to rec authority projects held fundraiser for Mayor Bottoms

Contractor to rec authority projects held fundraiser for Mayor Bottoms

A Texas CEO held a fundraiser for Keisha Lance Bottoms’ campaign for mayor last year, just months after the stadium authority she once supervised awarded his construction company a pair of contracts, an investigation by The Atlanta Journal-Constitution and Channel 2 Action News has found.
Sudden fires in Kia, Hyundai vehicles spark worry

Sudden fires in Kia, Hyundai vehicles spark worry

Kadarius Reid was returning to his Jonesboro home after work in July when the 2014 Kia Sorento he was driving began to shake. Reid pulled to the side of I-20. Within moments there was smoke, a loud “kaboom” and the car was engulfed in flames. “He was in shock,” Reid’s wife, Danielle, told The Atlanta Journal-Constitution.
JCPenney stocking up on workers in Atlanta

JCPenney stocking up on workers in Atlanta

JCPenney will hire 550 more workers in metro Atlanta for the coming holiday season, the company said on Thursday. The Plano, Texas-based company said it will add 900 seasonal positions across Georgia, part of announced plans to add 39,000 employees nationally. The 116-year-old company, like many retailers has struggled to adapt in a time of dramatic transition in technology and customer behavior....
Delta says Hurricane Florence caused $30 million hit to finances

Delta says Hurricane Florence caused $30 million hit to finances

Delta Air Lines disclosed Tuesday that Hurricane Florence took a roughly $30 million hit on its finances. The Atlanta-based airline said the September storm negatively affected its pre-tax income and drove its unit revenues down half a percentage point, according to an investor update filed with the U.S. Securities and Exchange Commission. The company still expects to report earnings of $1.
Vets job fair means something different when Ga. unemployment low

Vets job fair means something different when Ga. unemployment low

With unemployment low, a jobs fair for veterans on Thursday may offer a different kind of opportunity than when the economy is struggling, organizers said. More than 100 companies will participate in the event, to be held at Mercedes Benz Stadium, many of them with multiple job openings, said Robert Walker, event director for RecruitMilitary.
Delta partners with pet travel pod startup

Delta partners with pet travel pod startup

Delta Air Lines is partnering with pet travel pod startup CarePod as the carrier changes its prices and policy for transporting pets. Atlanta-based Delta said it has struck a long-term partnership with Singapore-based CarePod, which also offers safety monitoring, tracking and logistics software for pet transport.
Atlanta chamber urges council approval of Gulch

Atlanta chamber urges council approval of Gulch

The Metro Atlanta Chamber on Monday came out in favor of the $5 billion Gulch deal as outside pressure from the business community builds on the City Council to support an up to $1.75 billion public financing package.  The chamber joins other prominent backers of the proposal, including downtown business coalition Central Atlanta Progress and Gov.
Proposed audit of $5B Gulch development fails to pass Atlanta council

Proposed audit of $5B Gulch development fails to pass Atlanta council

An effort by members of Atlanta City Council to get an audit of the $5 billion Gulch development proposal failed Monday to win the eight council votes needed to pass. The failure to approve the outside review could keep the project on track for a council vote at its next meeting Oct. 15.
Questions raised about Atlanta zoo, arena construction management contract

Questions raised about Atlanta zoo, arena construction management contract

The government agency that owns Zoo Atlanta and the newly christened State Farm Arena hired the highest bidder to oversee high-profile construction projects at both facilities. Now, a City Council member and Fulton County commissioner are raising questions about the process.
All-women law firm hopes to change communities by empowering clients

All-women law firm hopes to change communities by empowering clients

On the first day of biology lab at Spelman College, Shannon Worthy, then a freshman pre-med major, had an epiphany. She should have been dissecting the cat stretched out on her lab table, but when she saw it, she slumped against the wall and passed out. Worthy promptly changed her major to English.
Wes Moss: How to set up your retirement to be happier

Wes Moss: How to set up your retirement to be happier

The only thing worse than having no money is having all the money in the world and no idea what to do with it. This point is especially true in retirement. No matter how much money we socked away during our working lives, if we have nothing to do — no hobbies, no social engagements, no travel — it’s likely we won’t be happy retirees.
CIM, Gulch supporters step up campaign to support $5 billion project

CIM, Gulch supporters step up campaign to support $5 billion project

Amid growing frustration that their deal to transform downtown’s Gulch is caught up in the crosscurrents of Atlanta City Hall politics, CIM Group and its partners stepped up their push this week to convince City Council and the public to support their planned $5 billion development.
ExpressJet pilots approve new labor contract

ExpressJet pilots approve new labor contract

Pilots at College Park-based ExpressJet Airlines have voted to approve a new labor contract. ExpressJet operates flights for United Express and was long a Delta Connection carrier, but this year marks the end of its contract with Delta. The new collective bargaining agreement applies only to United Express pilots and increases pilot pay, according to the union.
Trade tussle not helping Atlanta’s job growth in August

Trade tussle not helping Atlanta’s job growth in August

While worry builds about the impact of a trade battle with China, the metro Atlanta economy has kept growing by leaning on sectors that are fueled mostly by local demand. That continued growth clipped the region’s unemployment rate to 3.6 percent in August, its lowest level since mid-2001, according to a report Thursday morning by the Georgia Department of Labor.
Georgia official: Norfolk Southern Gulch land crucial to HQ hunt

Georgia official: Norfolk Southern Gulch land crucial to HQ hunt

A senior state official said Wednesday that Norfolk Southern is scouting Atlanta for a new headquarters, a project he said could create or relocate about 1,000 jobs to the city if the railroad giant decides to leave Virginia.
Georgia owners to continue Plant Vogtle project, with conditions

Georgia owners to continue Plant Vogtle project, with conditions

Georgia’s troubled expansion of Plant Vogtle got a last-minute extension Wednesday, with the project’s warring co-owners striking a deal to keep alive the nation’s only commercial nuclear plant still under construction.
Atlanta Mayor Bottoms to hold public meeting on $5B Gulch project

Atlanta Mayor Bottoms to hold public meeting on $5B Gulch project

Atlanta Mayor Keisha Lance Bottoms will play host to a public meeting on the Gulch project today at 6 p.m. at City Hall. The meeting will outline the up to $5 billion proposal for a mix of office buildings, apartments, retail space and hotels between the Five Points MARTA station and Mercedes-Benz Stadium. The proposal calls for up to $1.
UPDATED: Delta flights returning to normal after nationwide ground stop due to IT problem

UPDATED: Delta flights returning to normal after nationwide ground stop due to IT problem

Delta Air Lines said its operations were returning to normal Tuesday evening after a nationwide ground stop caused by a technology problem. Atlanta-based Delta said after 9 p.m. that it had restored all of its information technology systems after a problem affected some of them. The problem had started earlier in the evening.
Nuclear disagreements aired publicly by Georgia project owners

Nuclear disagreements aired publicly by Georgia project owners

UPDATED: A battle burst into the public Tuesday between the biggest partners in Georgia’s controversial Plant Vogtle nuclear expansion, as pressure grew to save the nation’s only commercial nuclear project still under construction. The dominant issue: growing certainty that potentially billions more in cost overruns are possible.
Atlanta’s home price increase strong, in mid-pack nationally

Atlanta’s home price increase strong, in mid-pack nationally

Metro Atlanta home prices are up 5.8 percent from a year ago, slightly less than the national pace, according to a high-profile national report issued Tuesday. That climb – which put Atlanta in the middle of the pack for large metro areas – is solid but less intense than in preceding months, according to the S&P Corelogic Case-Shiller Index, which tracks resales of homes.
Hartsfield-Jackson’s new manager to be paid $280,000 salary

Hartsfield-Jackson’s new manager to be paid $280,000 salary

Hartsfield-Jackson International Airport’s new general manager will be paid a salary of $280,000 a year. John Selden, who is scheduled to take the job at the helm of the world’s busiest airport Oct. 1 pending city council confirmation, will also be issued a city of Atlanta vehicle as “an added benefit.
Delta launches website targeted at policy makers

Delta launches website targeted at policy makers

Delta Air Lines is debuting a website focused on issues it is pushing with policymakers. While companies’ lobbying efforts are sometimes done behind the scenes, the new site prominently shows some of Atlanta-based Delta’s biggest priorities in its efforts to influence government policy. The website at DeltaTakingAction.
Atlanta’s Inspire Brands buys Sonic 

Atlanta’s Inspire Brands buys Sonic 

Atlanta-based Inspire Brands is buying Sonic in a $2.3 billion deal that will dramatically boost its size and reach, the companies announced Tuesday morning.  Sonic, which operates a chain of 3,500 restaurants with hundreds of franchisees, has about $4.4 billion in revenues – more than half the 7.6 billion in sales racked up by Inspire.
Plant Vogtle: Crucial partner in Georgia nuclear project calls for cost cap

Plant Vogtle: Crucial partner in Georgia nuclear project calls for cost cap

Dreams of a U.S. nuclear energy renaissance have faded around the country, but a lone project slated to be paid for by Georgia consumers and businesses continues to survive, despite a troubled history and massive cost overruns. On Monday, the nuclear power expansion of Plant Vogtle cleared another hurdle. Sort of.
Massive Georgia nuclear project scores a partial vote to continue

Massive Georgia nuclear project scores a partial vote to continue

An organization that represent city utilities in Georgia voted Monday to keep the nuclear power expansion of Plant Vogtle alive, despite continued cost overruns and delays. But Vogtle’s future isn’t yet settled, even with the unanimous vote for approval by the board of the Municipal Electric Authority of Georgia.
Air France to fly A380 super jumbo jet from Atlanta

Air France to fly A380 super jumbo jet from Atlanta

Air France plans to begin flying the super jumbo Airbus A380 jet from Atlanta to Paris starting next spring. As of March 31, 2019, Air France will operate one of its two daily flights from Hartsfield-Jackson International to Paris-Charles de Gaulle on its 516-passenger A380.
Your eggs probably aren't cage-free

Your eggs probably aren't cage-free

For some time, it seemed like the plight of egg-laying hens-confined to cages so small they can't even spread their wings-was ending. Restaurants, retailers, hotels and manufacturers, as well as food service and hospitality groups, suddenly recognized that consumer revulsion might cost them real money. So they rushed to announce self-imposed deadlines to go cage-free.
Troubled Georgia nuclear project faces another fateful moment

Troubled Georgia nuclear project faces another fateful moment

The future is again in question for a multi-billion expansion of Plant Vogtle in Georgia. But consumers are likely to pay for the nuclear power project even if it’s never completed. By the end of day Monday, energy organizations from around the state are supposed to vote on whether the expansion should be kept alive despite repeated delays and steep cost overruns.
Atlanta home sales down again, prices rise

Atlanta home sales down again, prices rise

A supply-demand mismatch has continued to chill housing sales in metro Atlanta, according to a report from Re/Max of Georgia. The number of home sales last month was down 7.1 percent from the level of a year ago, with the worst plunge coming in Clayton, where sales fell 17 percent. That compares with a national decline of 1.
Atlanta City Council asserts itself as Gulch talks enter new phase

Atlanta City Council asserts itself as Gulch talks enter new phase

Atlanta City Council hit the pause button this week on Mayor Keisha Lance Bottoms’ push for up to $1.75 billion in public financing to redevelop the Gulch. The move shook many City Hall observers. The council seldom asserted itself in the prior eight years under former Mayor Kasim Reed, and for some, the legislative branch’s new-found backbone is a welcomed change.
Petit out at MiMedx for acts ‘detrimental to the company’

Petit out at MiMedx for acts ‘detrimental to the company’

More dominoes have fallen in the ongoing investigations into financial dealings of Marietta-based MiMedx. The biopharma company announced late Thursday that Parker “Pete” Petit, who had resigned as CEO and chairman in July, has now resigned from the board of directors as well, effective immediately.
Petit out at MiMedx ‘for cause’

Petit out at MiMedx ‘for cause’

Parker “Pete” Petit, who stepped down earlier this year as CEO and chairman of Marietta-based biopharma company MiMedx, now has resigned from its board of directors. In a filing to federal regulators late Thursday, the company said that he had submitted his resignation that day, effective immediately.
Georgia jobless rate dips below U.S. average

Georgia jobless rate dips below U.S. average

Georgia’s economy added 12,000 jobs last month as the state unemployment rate ticked down below the national average for the first time in more than a decade, according to a report Thursday from the state Department of Labor. The jobless rate dipped from 3.9 percent in July to 3.8 percent in August — a sign that, even if the U.S.
Gap to hire 400 workers as it launches holiday hiring event

Gap to hire 400 workers as it launches holiday hiring event

Gap Inc. will hire more than 400 seasonal workers to service its stores in the metro Atlanta area during the holiday season. The retailer expects to fill positions in its stores, call centers and distribution centers. The company will hold holiday hiring events at all Gap, Gap Outlet, Banana Republic and Old Navy stores on Oct. 6, from 10 am to 2 pm.
Georgia legislators call for cost cap on nuclear plant Vogtle

Georgia legislators call for cost cap on nuclear plant Vogtle

Twenty members of the Georgia Legislative Assembly have called on the co-owners of the Vogtle nuclear expansion to cap the costs of the project, prior to deciding on the fate of the project early next week.
Hartsfield-Jackson Plane Train track repairs continue

Hartsfield-Jackson Plane Train track repairs continue

Hartsfield-Jackson International Airport’s Plane Train people-mover track is still undergoing repairs after part of the rail was damaged Sunday. Plane Train contractor Bombardier Transportation is “making progress” with repairs going on at night, according to Hartsfield-Jackson spokeswoman Elise Durham.
Small businesses are big targets for cybercriminals

Small businesses are big targets for cybercriminals

Small businesses are the backbone of the U.S. economy, as the saying goes. Yet the owners of these businesses often don’t consider themselves potential targets of cybercrime. Increasingly, however, they are. According to Symantec, a cybersecurity software and services provider, 43 percent of the cybercrimes against companies were aimed small businesses in 2015.
Delta raises checked baggage fees

Delta raises checked baggage fees

Delta Air Lines is increasing the fee to check bags, matching moves by some other carriers. Atlanta-based Delta now charges $30 for a first checked bag and $40 for a second checked bag. That’s up $5 from the previous fees of $25 for a first checked bag and $35 for a second checked bag. United Airlines and JetBlue Airways have put in similar baggage fee increases.
Georgia-based corporations support Hurricane Florence relief efforts

Georgia-based corporations support Hurricane Florence relief efforts

Georgia-based corporations have joined the efforts to bring financial, humanitarian and logistical aid to communities in neighboring states affected by Hurricane Florence. The hurricane made landfall in North Carolina last Friday. It has caused widespread flooding in that state, as well as South Carolina, while its remnants spawned tornadoes in Virginia.
Atlanta’s Cousins Properties names Colin Connolly new CEO

Atlanta’s Cousins Properties names Colin Connolly new CEO

Cousins Properties, one of Atlanta’s biggest developers and office landlords, announced Tuesday that Colin Connolly will succeed Larry Gellerstedt as the company’s CEO. Connolly, who joined Cousins in 2011, climbed up the ranks to become Cousins’ president, a title he will retain. The transition will take place in January with Gellerstedt taking the role of executive chairman.
SunTrust online banking restored after outage

SunTrust online banking restored after outage

Online banking services were restored to thousands of SunTrust customers Tuesday following a two- day outage. “We have restored digital capabilities, although some have intermittent access,” said Sue Mallino, a spokeswoman for the Atlanta-based bank. “We continue to monitor performance.
Georgia business: Savannah port continues growth amid trade fears

Georgia business: Savannah port continues growth amid trade fears

The Georgia Ports Authority said Monday it saw an 8 percent increase in container traffic compared to the same month a year earlier, as the Savannah terminal continues to see growth despite concerns about global trade disputes.
Bottoms halts vote on public financing for downtown Atlanta’s Gulch

Bottoms halts vote on public financing for downtown Atlanta’s Gulch

Lacking the votes to win City Council approval, Atlanta Mayor Keisha Lance Bottoms halted her push Monday for a vote on her proposal to provide up to $1.75 billion in public financing to help redevelop downtown’s Gulch. It was a setback for Bottoms in her first year in office. Now, it’s unclear how soon council might take up the matter.
The buzz about Coca-Cola: In talks with cannabis company

The buzz about Coca-Cola: In talks with cannabis company

Coca-Cola is reportedly talking with Aurora Cannabis about the idea of developing beverages infused with an ingredient found in marijuana. As reported by BNN Bloomberg Television, the negotiations revolve around infusing drinks with CBD, a chemical that can be used to treat pain, but is not the source of the “high” that pot users get from smoking or eating marijuana.
UPDATED: Some flights resume in wake of Hurricane Florence

UPDATED: Some flights resume in wake of Hurricane Florence

After canceling about 275 flights due to Hurricane Florence, Delta Air Lines says it has resumed its regular flight schedule at some airports in the Carolinas in the wake of Hurricane Florence. But flights to some other airports were still canceled Monday. Atlanta-based Delta said it had restarted flights in Charleston and Myrtle Beach, S.C. and Fayetteville, N.C.
UPS hiring 100,000 for holiday shipping season

UPS hiring 100,000 for holiday shipping season

Sandy Springs-based UPS said it is hiring about 100,000 temporary workers for the holiday shipping season. The jobs are to help handle the huge volume of packages shipped starting in November through January 2019. The full time and part-time seasonal jobs are for package handlers, drivers and driver-helpers, and can be an entry point for a full-time job at the shipping giant.
Delta cancels nearly 200 flights due to Hurricane Florence

Delta cancels nearly 200 flights due to Hurricane Florence

Atlanta-based Delta Air Lines has canceled nearly 200 flights due to Hurricane Florence and is operating a reduced flight schedule. Airports in Fayetteville, Jacksonville, New Bern and Wilmington, N.C. and Myrtle Beach, S.C. have been closed and could reopen this weekend depending on the status of facilities and infrastructure, according to Delta.
Test looms for Atlanta Mayor Bottoms in Gulch redevelopment vote

Test looms for Atlanta Mayor Bottoms in Gulch redevelopment vote

Atlanta Mayor Keisha Lance Bottoms faces her biggest political test since she took office, with a City Council vote looming Monday on her proposal to provide up to $1.75 billion in public financing to help redevelop downtown’s Gulch. At stake is a landmark development pitched as a possible home for Amazon’s second headquarters that could alter the city’s skyline.
First Airbus A220 in Delta colors rolls out of paint shop

First Airbus A220 in Delta colors rolls out of paint shop

Delta Air Lines’ first Airbus A220 has been painted in Delta colors at a paint shop in Mirabel, Quebec. Atlanta-based Delta will be the first U.S. airline to take delivery of the A220. The plane now moves into final assembly in Mirabel, and will take its first test flight this fall before beginning service in early 2019.
Wes Moss: Dividends can be powerful — here’s how

Wes Moss: Dividends can be powerful — here’s how

I’m a committed advocate of income investing — of buying assets that throw off income that can be reinvested while you are growing your nest egg, then used to help meet your expenses in retirement. Dividend-paying stocks are a significant source of such income. Let’s talk about dividends — what they are, how they work and why I’m such a fan.
Plant Vogtle co-owner alleges Florida utility in breach of contract

Plant Vogtle co-owner alleges Florida utility in breach of contract

Rising construction costs related to the expansion of nuclear Plant Vogtle have led to frayed relations between two key players who filed competing federal lawsuits this week that further threaten the future of the $27 billion project.
Atlanta-based firm gathers aerial imagery of areas in path of Hurricane Florence 

Atlanta-based firm gathers aerial imagery of areas in path of Hurricane Florence 

Atlanta-based Airbus Aerial is gathering aerial imagery for insurance companies and utilities preparing to respond to Hurricane Florence. Airbus Aerial, which has its headquarters at Ponce City Market, has most of its 30 Atlanta employees working on Hurricane Florence coordination and activities, said company president Jesse Kallman.
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