Business


Is active or passive investing best? You may be surprised

It’s hard to believe, but we’re more than halfway through 2018. So far, it’s been a year of market ups and downs. We’ve endured a correction, experienced a rebound, and are now back closer to flat. The recent choppiness makes this a good time to revisit the great debate between active and passive investing. Last year, an email from a listener to my “Money Matters&rdquo...


Atlanta home prices hit record high on scarcity of homes listed

Atlanta home prices hit record high on scarcity of homes listed

The metro Atlanta housing market broke records in opposite direction last month, hitting a high in the price of homes that were sold and a low in the supply of homes listed for sale. The median price of a home in the region has now edged above a quarter-million dollars for the first time, reaching $251,250, according to a report from Re/Max of Georgia. “That’s a milestone for our...
Invest Atlanta CEO loses contract but not job over Reed travel payment

Invest Atlanta CEO loses contract but not job over Reed travel payment

Invest Atlanta CEO Eloisa Klementich has been reprimanded, but she will not lose her job following an investigation into a $40,000 payment to cover luxury airfare for former Mayor Kasim Reed and several staffers who traveled to South Africa last year. Mayor Keisha Lance Bottoms announced Thursday that Klementich will be stripped of her employment contract — and the protection of a golden...
Former baggage handler sentenced in Hartsfield-Jackson gun smuggling case

Former baggage handler sentenced in Hartsfield-Jackson gun smuggling case

A former Delta Air Lines baggage handler was sentenced Thursday to 30 months in prison for allegedly smuggling guns onto passenger planes at Hartsfield-Jackson International Airport. According to U.S. Attorney for the Northern District of Georgia Byung J. “BJay” Pak, 34-year-old Eugene Harvey of College Park as a Delta baggage handler used his security badge to smuggle guns to...
Equifax wants judge to reject suits by banks

Equifax wants judge to reject suits by banks

Equifax has asked a federal judge to reject the claims from 46 banks and credit unions for payment of damages because of last year’s massive data breach at the Atlanta-based company. The companies, which are based in 29 states, sued Equifax and claimed that Equifax owes them for all the costs they incurred after the data breach was revealed. The cost were associated with the actions...
Georgia jobless rate at 17-year low; trade war a worry

Georgia jobless rate at 17-year low; trade war a worry

Georgia’s economy had a strong June, adding 14,200 jobs while the unemployment rate slipped to its lowest level in 17 years. In a sign of strong hiring, the jobless rate is slipped from 4.2 percent in May to 4.1 percent while adding more than 10,000 people to the labor force, according to Georgia Department of Labor. Since June of last year, the labor force has steadily grown while ...
Delta relaunches Atlanta-Shanghai route, key link to China

Delta relaunches Atlanta-Shanghai route, key link to China

Delta Air Lines is reconnecting a key link between the Southeast and China with the resumption of flights from Atlanta to Shanghai this week. It’s the culmination of a years-long effort to bring the service back, after years with no nonstop flights between the world’s busiest airport and China. Delta CEO Ed Bastian said Shanghai, the commercial capital of China, has been the...
Super Bowl prep underway in Atlanta, 200 days in advance

Super Bowl prep underway in Atlanta, 200 days in advance

The Super Bowl is still 200 days away. But thousands of hotel rooms are already booked, tens of millions of dollars are already invested and hundreds of companies are vying for the right to supply things like carpeting, catering, ice, flowers, golf carts, paint, piping and portable potties. With Atlanta getting its third chance as the site of the game, more than 25,000 area residents have applied...
UPS tests smart devices to enter New York City apartment buildings for deliveries

UPS tests smart devices to enter New York City apartment buildings for deliveries

Sandy Springs-based UPS says it has launched a pilot program using Latch smart access devices for its drivers to enter apartment buildings in New York City to make deliveries. UPS said the devices make it more convenient for residents who aren’t at home to get deliveries, while it allows the company to complete more deliveries on a first attempt to cut costs. The shipping giant said...
Delta targets college students for future pilot hiring

Delta targets college students for future pilot hiring

Delta Air Lines is targeting college students and its own workforce to find future pilots with a new recruitment program. Atlanta-based Delta said it expects to hire more than 8,000 pilots over the next decade, and is launching a pilot career path program to enable that. Delta will interview aviation students at Auburn University, Middle Georgia State, Middle Tennessee State, Embry-Riddle...
Atlanta Housing Authority reaches six-figure buyout with ex-CEO

Atlanta Housing Authority reaches six-figure buyout with ex-CEO

The Atlanta Housing Authority has reached a severance agreement with its former chief executive, Catherine Buell, after more than two months of negotiations, and will pay her at least $390,000 to buy out her contract. Buell was one of seven holdovers from the cabinet of former Mayor Kasim Reed whose resignations were accepted by Mayor Keisha Lance Bottoms in April. But whether AHA might face...
UPS holds job fair for new hub on westside of Atlanta

UPS holds job fair for new hub on westside of Atlanta

Hundreds of job seekers attended a UPS job fair Saturday seeking work as part-time package handlers at a new regional UPS hub to open on the westside of Atlanta. About 400 people pre-registered for the job fair at the Andrew & Walter Young Family YMCA, and more came as walk-ins. The job fair was scheduled to run through 3 p.m. Saturday. Phyllis McKenzie of Lithia Springs said she went to the...
Cyber security fears spark training, hopes for lots of Georgia jobs

Cyber security fears spark training, hopes for lots of Georgia jobs

Even Georgia’s first lady worries about cyber attacks. “I keep telling her that’s not going to happen; we don’t have enough money for them to fool with,” Gov. Nathan Deal quipped before cutting the ribbon on the new $100 million Georgia Cyber Center in Augusta the other day. He fished out his pocketknife when giant ceremonial scissors didn’t get the job done, after...
UPS, Teamsters strike deal on freight workers contract

UPS, Teamsters strike deal on freight workers contract

UPS and the International Brotherhood of Teamsters union struck a tentative agreement on a new five-year labor contract for freight workers. The deal comes after an agreement reached last month on a much larger Teamsters-UPS contract covering roughly 260,000 workers, including drivers, package sorters and loaders, operations and dock workers. The new agreement would cover about 11,000 freight...
Toy stores, makers face life after Toys ‘R’ Us

Toy stores, makers face life after Toys ‘R’ Us

Buckhead-based toy store Kazoo Toys knows what its customers want. In fact, customers sometimes even call ahead, ownder Joe Novak said, telling Kazoo information about a child they are buying a present for. When the person arrives, the employees can have a product already picked out and wrapped. “There is a passion in local toy store owners you won’t find at the person working in the toy...
Atlanta real estate: Home prices rise strongly

Atlanta real estate: Home prices rise strongly

Home prices continued their long rise as summer began, according to a report the Atlanta Realtors Association. The median price of a home sold in metro Atlanta during June was $285,000 – a jump of 7.5 percent from the same month a year ago, the group said. Higher prices are a sign of strong demand, said Bill Murray, president of the Atlanta Realtors. “Buyer enthusiasm continues to move...
Delta to trim growth plans for flights this fall

Delta to trim growth plans for flights this fall

Delta Air Lines is trimming its flight schedule for this fall as it grapples with high fuel costs. Atlanta-based Delta announced Thursday it will cut back its plans for increased flying in the fall. Higher fares are also likely, as the airline said a key focus is covering the increased cost of fuel needed to operate flights. “We have seen early success in addressing the fuel cost...
Atlanta Beltline group pushes MARTA for funding of full rail loop

Atlanta Beltline group pushes MARTA for funding of full rail loop

A pro-transit group packed a meeting of the MARTA board Wednesday to push for full funding of rail along the 22-mile Atlanta Beltline loop. Members of Beltline Rail Now, including Ryan Gravel, whose master’s thesis formed the basis of the necklace of trails and planned transit connecting 45 city neighborhoods, say the More MARTA tax is the vehicle to fulfill promises to build Beltline light...
UPS hiring thousands of workers for massive hub on westside of Atlanta

UPS hiring thousands of workers for massive hub on westside of Atlanta

UPS has started hiring thousands of workers for a massive Southeast ground hub to open on the westside of Atlanta, one of the largest developments in the area in years. The Sandy Springs-based shipping giant plans to hire 2,500 to 3,000 people to work at its Southeast Metro Automated Routing Terminal hub in Atlanta by November. The sprawling facility next to Fulton County’s Charlie Brown...
Macy’s says hackers accessed customer credit card information

Macy’s says hackers accessed customer credit card information

Macy’s Inc. is the latest major company to fall victim to a data breach, as a letter emailed by the company to customers confirmed that a third party accessed online customer accounts between April and June. The third party, not identified by the company, was able to access consumer information including names, phone numbers, addresses and credit and debit card numbers, Macy’s said. Macy&rsquo...
Latest speculation puts Atlanta at top of Amazon list

Latest speculation puts Atlanta at top of Amazon list

Of the cities still competing for Amazon’s second headquarters, Atlanta and Raleigh are the most appealing to more than 2,000 GeekWire readers surveyed, according to Forbes magazine. Amazon took proposals from scores of American metros and has indicated that it has narrowed the choices to a top 10, but beyond that the Seattle-based giant ain’t sayin’. That hasn’t kept...
Lower Vogtle costs result in $25 credit for Georgia Power customers

Lower Vogtle costs result in $25 credit for Georgia Power customers

Georgia Power customers will see a $25 credit applied to their bills in July, the company announced in a press release Monday, the second of three credits Georgia Power is giving customers after the company’s costs associated with the expansion of Plant Vogtle have gone down. The credits, totalling $188 million across the state, are attributed to the $1.47 billion payment Georgia Power ...
Beltline group to present vision to MARTA for complete light rail loop

Beltline group to present vision to MARTA for complete light rail loop

A group pushing to build rail on the full Atlanta Beltline loop will deliver its vision for how MARTA should spend its expansion tax revenue at a meeting Wednesday of the agency’s board. The core of the plan presented Tuesday night by Beltline Rail Now would see the 22-mile loop of the city completed with light rail transit. Ryan Gravel, whose master’s thesis formed the basis of the Beltline...
Atlanta bribery evidence against Mitzi Bickers includes recordings

Atlanta bribery evidence against Mitzi Bickers includes recordings

Attorneys for indicted former city of Atlanta official Mitzi Bickers want more time to vet evidence against their client in her pending bribery trial, which includes more than 1 million documents and some 40 audio recordings, according to court records obtained by The Atlanta Journal-Constitution and Channel 2 Action News. Bickers’ attorneys told a judge last week they need more time to file...
Fence jumpers raise security concerns at Hartsfield-Jackson

Fence jumpers raise security concerns at Hartsfield-Jackson

Two times in two weeks, trespassers have scaled fences to enter off-limits areas at Hartsfield-Jackson International, increasing the sense of urgency for tighter security at the world’s busiest airport.  The latest incident occurred at around 2 a.m. Tuesday morning, when an airport maintenance worker spotted someone in a secure area of the Atlanta airport. Atlanta police responded to the...
Weekend deliveries, new technology addressed in UPS-Teamsters deal

Weekend deliveries, new technology addressed in UPS-Teamsters deal

A proposed new labor contract between UPS and the Teamsters union creates a category of drivers to handle weekend shifts, as the surge in online shopping prompts increased demand for deliveries. The deal also calls for the company to review technological changes — such as the deployment of delivery drones or driverless vehicles — with the union six months before they roll out, according...
UPS-Teamsters labor deal tackles weekend deliveries, potential for drones and driverless vehicles

UPS-Teamsters labor deal tackles weekend deliveries, potential for drones and driverless vehicles

A tentative deal for a new labor contract between UPS and the Teamsters union creates a new category of drivers to handle weekend shifts, as the surge in online shopping prompts increased demand for deliveries on the weekends. The deal also calls for the company to review technological changes with the union six months before rolling out changes, such as the deployment of delivery drones, driverless...
Long lines at Customs frustrate travelers at Hartsfield-Jackson

Long lines at Customs frustrate travelers at Hartsfield-Jackson

Long lines and wait times for Customs processing frustrated some travelers arriving in Atlanta from international flights over the busy travel weekend following the Fourth of July. <div></div><br><blockquote class="twitter-tweet"><p lang="en" dir="ltr">Hundreds of people stuck in tight hallways trying to go through customs at <a href="...
New Airbus A330neo jet stops in Atlanta

New Airbus A330neo jet stops in Atlanta

A new model of airplane, the Airbus A330neo, stopped at Hartsfield-Jackson International Airport on Friday as part of a series of test flights to cities around the world. The plane will be flown by TAP Air Portugal starting in 2019. The Portuguese carrier does not fly to Atlanta but is the launch carrier for the A330neo. The A330neo jet has bigger overhead bins and multi-colored LED lighting, and...
Wes Moss: What does your stock GPS say?

Wes Moss: What does your stock GPS say?

If you’re looking for a benchmark time to review and revise your long- and short-term investment strategy, midyear is a fine candidate. Right about now is a good time to look ahead by looking backward. Not a few months back or even years, but several centuries back — to 1492, specifically. Or 1513. Or 1534. Those were the years when Europeans made significant discoveries in the New World...
Beltline CEO McGowan said to be taking on new job in Seattle

Beltline CEO McGowan said to be taking on new job in Seattle

*UPDATED: Atlanta Beltline CEO Brian McGowan was formally announced on Friday as the new chief executive of Greater Seattle Partners. He expected to start in August.  In an announcement issued by Greater Seattle Partners, McGowan said: “I am thrilled to come to the Puget Sound region and build on its stellar foundation of highly innovative business, its commitment to international trade...
Rich Atlanta communities pull far ahead of the rest, report says

Rich Atlanta communities pull far ahead of the rest, report says

Since 2000, the metro Atlanta economy has suffered two recessions – one of them painfully deep — but many of the region’s less affluent communities never bounced back. And since more prosperous areas have rebounded strongly, the gap has grown between areas of opportunity and the areas where it is lacking, according to an analysis of government data by the ...
Beltline CEO McGowan said to be finalist for top Seattle recruiting job

Beltline CEO McGowan said to be finalist for top Seattle recruiting job

The Atlanta Beltline could soon lose its CEO to a major economic development job in Seattle. Beltline CEO Brian McGowan is the sole finalist and is expected to become the first chief executive of the Greater Seattle Partners, a public-private business recruitment and development organization in the Emerald City, The Atlanta Journal-Constitution and Channel 2 Action News have confirmed. A spokesman...
Atlanta gas prices at four-year high for the Fourth

Atlanta gas prices at four-year high for the Fourth

Metro Atlanta drivers hitting the road this week face the highest July 4 gasoline prices in four years, higher prices that are like an added tax on household finances. A gallon of regular on Tuesday was averaging $2.75 in metro Atlanta, compared to $2.10 a gallon on Independence Day a year ago, according to Gas Buddy. And while the prices at the pump in Georgia are is far below the national average...
Delta’s renovated Boeing 777 takes off with suites on board

Delta’s renovated Boeing 777 takes off with suites on board

Delta Air Lines’ first renovated Boeing 777 with suites in business class and a new premium economy cabin flew a route from Detroit to Beijing on Monday. The Delta One business class suites and premium economy debuted on the airline’s Airbus A350s last year, but Delta is now adding those upgrades to the 777.  The Boeing 777-200ER also has what Atlanta-based Delta calls its &ldquo...
MiMedx’s internal probe prompts CEO Petit’s resignation

MiMedx’s internal probe prompts CEO Petit’s resignation

Parker H. “Pete” Petit has spent years waging court battles and a war of words against those accusing his Marietta-based company of fraud. The MiMedx CEO and chairman called stories about his company inflating revenues by over-shipping medical products “bogus.” He called the short sellers who accused MiMedx of channel stuffing Veterans Affairs hospitals “wealthy...
MiMedx CEO ‘Pete’ Petit resigns amid corporate turmoil

MiMedx CEO ‘Pete’ Petit resigns amid corporate turmoil

MiMedx, the Marietta biopharma company rocked by allegations of inflated earnings and improper sales practices, said Monday the company’s longtime chairman and CEO has resigned. Parker H. “Pete” Petit, a fixture in metro Atlanta’s business community, has stepped down, though he will remain a member of the MiMedx board, the company said in a news release. Also out is Bill...
Atlanta-based Home Depot agrees to ban toxics from paint removers

Atlanta-based Home Depot agrees to ban toxics from paint removers

Home Depot has agreed to pleas of an environmentalist group to stop selling paint removal products containing purportedly toxic substances responsible for consumer deaths. The $100 billion-a-year, Atlanta-based company, will phase out the use of the chemicals — methylene chloride and N-methylpyrrolidone — in paint removal products by the end of this year, according to the company...
Your next ride? Atlanta scooter rivals scramble for turf

Your next ride? Atlanta scooter rivals scramble for turf

Tray Graham’s vehicle for getting around town might once have passed for a kid’s toy. Instead, it’s part of a whirring wave challenging views about urban transportation in Atlanta. “It’s very addictive, and it gets you where you want to be,” Graham said after a ride on his rented stand-up electric scooter, a contraption that’s making city politicians fret...
FAA brings Paulding airport commercialization effort to end  

FAA brings Paulding airport commercialization effort to end  

A years-long effort to commercialize a second airport in metro Atlanta came to a halt this week as the Federal Aviation Administration closed its file on the Paulding County airport’s application. The move comes more than four years after Paulding County and its airport authority announced an ambitious plan to attract airline service. But it was followed by legal challenges by residents...
Ex-Equifax employee charged with securities fraud tied to data hack

Ex-Equifax employee charged with securities fraud tied to data hack

A former Equifax employee pleaded not guilty to charges of securities fraud, which stem from the company’s massive data breach, at a federal courthouse in Atlanta Thursday. According to court documents, Sudhakar Reddy Bonthu, a former software development manager at the Atlanta-based credit reporting company, is accused by the U.S. government of using non-public, insider knowledge of the data...
Settlements in air fare collusion suit puts pressure on Delta, United

Settlements in air fare collusion suit puts pressure on Delta, United

Two multi-million dollar settlements paid by American Airlines and Southwest Airlines in an air fare collusion lawsuit leave some questioning what it means for the remaining defendants: United Airlines and Atlanta-based Delta Air Lines. The proposed class-action antitrust lawsuit filed by airline consumers alleges the airlines colluded to limit airline flying in a conspiracy to fix domestic fares...
Crowds to fill Hartsfield-Jackson for 4th of July travel

Crowds to fill Hartsfield-Jackson for 4th of July travel

Hartsfield-Jackson International Airport expects to handle 2.3 million passengers over the Fourth of July holiday travel period, and warns travelers to get to the airport early. The Atlanta airport says the Independence Day travel rush starts Thursday, and the busiest day is expected to be July 8, the Sunday after the Fourth of July. Nationally, the Transportation Security Administration...
Equifax strikes deal with states to increase security measures

Equifax strikes deal with states to increase security measures

Ten months after announcing a massive data breach, Equifax has agreed to a consent order with regulators from eight states, including Georgia, that require the company to report on how it is improving security. Officials from the Atlanta-based company, which faced a firestorm of criticism for the breach, agreed to bump up security measures and to report back periodically – starting next month...
Kempner: Dumping Rebel flag business not same as same-sex wedding cake

Kempner: Dumping Rebel flag business not same as same-sex wedding cake

The nation’s highest court didn’t solve the gay wedding cake controversy. So I asked Steve Cook to. It was an unfair request. He’s not a legal scholar. He’s a Tucker business owner who, like the Colorado baker at the center of the U.S. Supreme Court’s recent case, refused to accept business that would violate his deeply held convictions. I met Cook three years ago, after...
Covington biotech plant gets FDA boost

Covington biotech plant gets FDA boost

A Covington biotech operation has received government approval needed to start producing the first of its flagship products, a replacement therapy for treatment of people with immune deficiency diseases. The endorsement from the U.S. Food and Drug Administration of the Shire facility will mean the company’s operations – accounting for a 900-person workforce – will grow to 1...
Atlanta airport: Hartsfield-Jackson fence breach raises security concerns

Atlanta airport: Hartsfield-Jackson fence breach raises security concerns

An incident in which a man scaled a fence, ran onto an active taxiway and towards a plane full of passengers exposed a long-standing security vulnerability at the world’s busiest airport: Its miles-long perimeter. “It certainly should be a wake-up call for the airport to review their security procedures and be sure they have all the latest technology,” said Jim Hall, former...
Atlanta City Council seeks more time to review clean energy plan

Atlanta City Council seeks more time to review clean energy plan

The Atlanta City Council Tuesday put on hold a plan aimed at setting a pathway for the city’s clean energy goals. Council members asked for more time to review the plan and the analysis that went into developing it. The Clean Energy Atlanta plan aimed at creating a roadmap for the transformation of City of Atlanta government facilities into a 100 percent clean energy by 2035 with the ultimate...
TTEC announces creation of 500 new jobs for new Gwinnett facility

TTEC announces creation of 500 new jobs for new Gwinnett facility

Customer service technology company TTEC announced Wednesday it plans to expand to Gwinnett County, bringing 500 new jobs and $2 million in investment to the area. TTEC, which is headquartered in Colorado and has locations all over the world, will open a customer service center in an existing 31,000-square-foot facility on Breckinridge Boulevard in Duluth, according to a press release from Partnership...
Byrd’s cookies from Savannah taking flight on Delta rival

Byrd’s cookies from Savannah taking flight on Delta rival

Byrd’s cookies from Savannah will soon be served by the millions to airline passengers -- on the flights of Delta rival United Airlines. Chicago-based United announced it will serve maple cookies made by the Byrd Cookie Company as a complimentary snack to economy class passengers on early morning domestic flights. Byrd’s cookies will replace the Stroopwafel, which will remain only...
Atlanta mayor counters idea of state takeover of airport

Atlanta mayor counters idea of state takeover of airport

Atlanta Mayor Keisha Lance Bottoms is opposed to the idea of a state takeover of Hartsfield-Jackson International Airport, and said she has spoken with the state legislator behind the move. “I am trying not to be on the bad side of the state,” said Bottoms, in her first year as mayor, “but continuing to have very open dialogue with the state.” State. Sen. Burt Jones (R-Jackson)...
Trump tariffs roil Georgia businesses, force pols to raise alarm

Trump tariffs roil Georgia businesses, force pols to raise alarm

Soon after President Donald Trump announced his administration would impose new tariffs on steel and aluminum imports, Bob Best saw the price of equipment for his Kennesaw-based business shoot up. “It happened within about a minute of the tariffs,” said Best, who manages D. McKeon Heating & Air Conditioning. “Pretty much all of the makers raised their prices.” Trump won the...
Five finalists selected in Hartsfield-Jackson manager search

Five finalists selected in Hartsfield-Jackson manager search

Atlanta Mayor Keisha Lance Bottoms is getting closer to naming a permanent general manager of Hartsfield-Jackson International Airport, and said she has five finalists for the job. Bottoms made the comments after remarks at a Rotary Club of Atlanta luncheon on Monday. She said she has not yet interviewed the candidates, and declined to name the finalists. “All of these people are employed...
Georgia farmers face uncertainty as crop tariffs loom

Georgia farmers face uncertainty as crop tariffs loom

An escalating trade dispute between the United States and top trading partners has one of Georgia’s largest industries caught in the crossfire, as tariffs recently implemented by China threaten to hit the wallets of farmers in the Peach State. Cotton, peanut, pecan and soybean crops in the state all face falling prices and the loss of major markets as a result of retaliatory tariffs...
Justices won't hear case of anti-gay marriage florist

Justices won't hear case of anti-gay marriage florist

The Supreme Court is ordering Washington courts to take a new look at the case of a florist who refused to provide services for the wedding of two men because of her religious objection to same-sex marriage. The justices' order Monday means the court is passing for now on the chance to decide whether business owners can refuse on religious grounds to comply with anti-discrimination laws that protect...
Delta’s ban on pit bull service and support animals faces challenges

Delta’s ban on pit bull service and support animals faces challenges

Delta Air Lines’ recently announced policy to ban pit bulls as service or support animals has prompted challenges from some who say the policy is discriminatory and may not be legal. Atlanta-based Delta announced Wednesday that it would prohibit pit bulls as service or support animals on flights, effective July 10. Delta said the latest policy changes are due to “growing safety concerns&rdquo...
Georgia Senate study committee to consider ‘secondary airport hub’

Georgia Senate study committee to consider ‘secondary airport hub’

The new chair of a Georgia Senate study committee examining the idea of taking over Hartsfield-Jackson International Airport says the committee will also weigh the idea of a “secondary airport hub.” Hartsfield-Jackson, the world’s busiest airport, is owned and run by the city of Atlanta. The Georgia Senate committee, created by resolution during this year’s legislative session...
UPS, Teamsters reach tentative labor agreement

UPS, Teamsters reach tentative labor agreement

UPS and the Teamsters union have reached a tentative agreement on a new five-year labor deal, which if approved could alleviate the risk of a strike. The settlement in principle of the national master UPS agreement is subject to approval by UPS local unions. Yet to be resolved are supplemental agreements, according to the Teamsters. The final deal and supplemental agreements will be put to a vote...
UPS reaches tentative labor deal with Teamsters

UPS reaches tentative labor deal with Teamsters

UPS and the Teamsters union have reached a tentative agreement on a new five-year labor deal, which if approved could alleviate the risk of a strike. The settlement in principle of the national master UPS agreement is subject to approval by UPS local unions, and yet to be resolved are supplemental agreements, according to the Teamsters. The final deal and supplemental agreements will be...
Wes Moss: How to head into retirement with no mortgage

Wes Moss: How to head into retirement with no mortgage

“Should we pay off our mortgage before we retire?” This is among the most common questions I get from clients and “Money Matters” listeners (tune in from 9-11 a.m. Sundays on WSB radio (News 95.5 and AM 750 WSB). I most recently heard it from a couple who are on their final approach for retirement. Let’s call them Rose and Jim Jackson. The Jacksons had set their sights...
Mayor Kasim Reed aides got late term promotions to Hartsfield-Jackson

Mayor Kasim Reed aides got late term promotions to Hartsfield-Jackson

Former Atlanta Mayor Kasim Reed’s administration transferred two employees from City Hall to high-paying positions at Hartsfield-Jackson International Airport in the final days of Reed’s term. Both worked closely with Reed, one as an executive assistant to the mayor and the other as a scheduling coordinator, and both were promoted to the positions at the airport as the mayor left office...
Hiring in metro Atlanta powers state in May; unemployment rate down

Hiring in metro Atlanta powers state in May; unemployment rate down

May was a good month for hiring in metro Atlanta as the region saw solid job growth and an unemployment rate falling to its lowest point since 2001. About 12,400 jobs were added, according to the state Department of Labor. But the most-cited economic number is typically the unemployment rate. In most years, that rate holds even or rises from April to May, but this year, joblessness dipped from...
Kempner: Trump and non-Trump business partners agree on refugees, jobs

Kempner: Trump and non-Trump business partners agree on refugees, jobs

I met a Trump supporter and a not-Trump supporter the other day. Funny thing: they were getting along. Even when they were talking politics. It turns out they have a lot in common. Chris Chancey and Luke Keller are friends and co-owners of an unusual and growing for-profit Georgia staffing agency that specializes in placing refugees. Amplio Recruiting works with people who’ve fled some of the...
Delta orders new Bombardier regional jets

Delta orders new Bombardier regional jets

Delta Air Lines is buying 20 new Bombardier CRJ900 regional jets, to replace older regional jets flown by Delta Connection carriers. Atlanta-based Delta’s planes will be the first CRJs to have Bombardier’s new “Atmosphere” cabin with more space for carry-ons, a larger lavatory and better aesthetics. Delta expects to take delivery of the 70-seat planes starting in...
Delta limits emotional support animals, prohibits pit bulls as service or support animals

Delta limits emotional support animals, prohibits pit bulls as service or support animals

Delta Air Lines will limit each passenger to one emotional support animal and will prohibit pit bulls as service or support animals on flights, effective July 10. It’s a further tightening of the Atlanta-based airline’s policy on emotional support and service animals. Delta said the latest policy changes are due to “growing safety concerns” after two...
Delta CEO says airline flights reunited families, rather than separated them

Delta CEO says airline flights reunited families, rather than separated them

Amid heated discussion on immigration and trade, Delta CEO Ed Bastian said the role of airlines is “making the world a more connected place.” “We are very clear that our mission is bringing the world together and connecting people to each other, and anything that runs counter to that, obviously Delta is going to be opposed,” Bastian said. Immigration “is an evolving...
Delta CEO opposes idea of state takeover of Atlanta airport

Delta CEO opposes idea of state takeover of Atlanta airport

Delta CEO Ed Bastian said he opposes a state takeover of Hartsfield-Jackson International Airport, as Georgia’s legislature plans a committee to study the idea. “Atlanta is the largest, most successful airport in the world, and anything that would harm that in terms of trying to move it for political gain between the city and state, we’re opposed,” Bastian said after a...
SunTrust aims to spread name with airport branch, ATMs

SunTrust aims to spread name with airport branch, ATMs

By opening a branch and ATMs at the world’s busiest airport, SunTrust hopes to gain national visibility. The Atlanta-based bank has a new contract to operate a branch and 16 ATMs at Hartsfield-Jackson International in the first quarter of 2019, replacing Wells Fargo ATMs. And with the Super Bowl headed for Atlanta next February, SunTrust plans to open its branch at the airport before the big...
UPS expanding fleet of natural gas trucks

UPS expanding fleet of natural gas trucks

UPS is adding more than 700 natural gas trucks to its fleet this year, part of an effort to replace 40 percent of gasoline or diesel for its ground vehicles with alternative fuels. The Sandy Springs-based shipping giant is also adding five compressed natural gas (CNG) fueling stations this year to the more than 50 natural gas stations it has in the United States, Canada and the United Kingdom. Combined...
Atlanta-based Interface in $420 million purchase of German company

Atlanta-based Interface in $420 million purchase of German company

Atlanta-based Interface has made a $420 million deal to buy a German company that is a leader in the global flooring market. Interface is acquiring Nora Systems, a move that the company said should dramatically expand its market reach to new categories. The two companies are more “complementary” than competitive, said Jay Gould, the chief executive of Interface, in...
Home sales sag, but prices up 9.9 percent from last year

Home sales sag, but prices up 9.9 percent from last year

Metro Atlanta home prices are up 9.9 percent from a year ago, even as the number of sales has slipped. The strong rise in prices is a sign of the continued imbalance in housing, with demand continuing to out-pace supply. The median price of a home sold in May was $248,445, compared to $226,000 during the same month a year ago, according to a report issued Monday by Re/Max of Georgia. “The local...
Tapped-out demand for beer partly blamed for layoffs

Tapped-out demand for beer partly blamed for layoffs

A global manufacturer of glass has confirmed plans to close its Atlanta facility next month, laying off about 270 people, most of them hourly workers. Owens-Illinois, Inc., which is based in Ohio, will shutter the Sylvan Road facility around July 18, according to a spokeswoman at the $6.9 billion-a-year company. The decision to close the Atlanta plant was shaped by two factors – one operational...
Talk rising of possible recession, trade key danger for Atlanta

Talk rising of possible recession, trade key danger for Atlanta

Tom Smith watches each Sunday morning for signs of recession at Panera Bread. It’s telling: The size of the crowd, the attitude of the families – are they enjoying the chance to relax and spend a little money on themselves, the way people do when they have a few dollars extra, or are they anxious about keeping their jobs and paying their bills? “That is my informal economic indicator...
Kempner: Disappearing public companies? Federal regulator concerned

Kempner: Disappearing public companies? Federal regulator concerned

Where did half our nation’s public companies go? If you’ve got a hankering to invest your life savings, it might look as if you have plenty of options, some good and some unnerving. There are stocks, bonds, real estate, gold, and even some cryptocurrency markets that concern regulators. But the number of publicly traded companies has dropped by half since the mid 1990s. We’re talking...
Nine months after breach, Equifax names IBM-er new tech chief

Nine months after breach, Equifax names IBM-er new tech chief

Equifax on Thursday named an IBM executive as chief technology officer. Bryson Koehler, previously top technology executive at IBM Watson and Cloud Platform, will be responsible “for leading Equifax's global information technology strategy and development,” the company said in a statement.  Bryson replaces Mark Rohrwasser, interim chief information officer, who will return to his...
Georgia reverses trend, posts modest job growth in May

Georgia reverses trend, posts modest job growth in May

Georgia added 6,800 jobs last month, but the modest growth followed two weak months for hiring. The state economy has been decelerating, adding fewer jobs so far this year than during the five-month start to any year since 2010, according to a report from the Georgia Labor Department Thursday. As anemic as it might be, growth has continued. During the past 12 months, the state&rsquo...
Atlanta-based Promise Homes nearly doubles in size; mission the same

Atlanta-based Promise Homes nearly doubles in size; mission the same

If all goes according to its business plan, Promise Homes Company will boost financial literacy, show people how to cut their taxes and add to affordable housing stock. And also make a profit. “It is possible to do everything we do and provide a good return, without being a jerk,” said John Hope Bryant, chief executive officer of the Atlanta-based company, founded almost exactly...
Metro Atlanta still has affordable homes — if you can find them

Metro Atlanta still has affordable homes — if you can find them

As metro Atlanta home prices rise steadily higher, that push has produced an equal and opposite worry: people with modest incomes might be priced out of the market. Sales prices of metro Atlanta homes have been steadily climbing since 2012 – the core five counties of the region have seen a 21 percent rise during the past three years, according to Re/Max Georgia. That brought the median...
More than half of women in science experience harassment, extensive report finds

More than half of women in science experience harassment, extensive report finds

Georgia State University researcher Kevin M. Swartout recently compiled data from multiple school systems to understand the depth of harassment in fields of science, engineering and medicine. » RELATED: #MeToo: A timeline of 2018’s sexual harassment scandals Using decades of research and survey data on more than 10,000 undergraduate and graduate students, as well...
Prices of entry-level metro Atlanta homes rising faster than incomes

Prices of entry-level metro Atlanta homes rising faster than incomes

Home prices in metro Atlanta have been steadily rising since 2012, and much of the increase is at the lower end of the market. That increase – driven by a surplus of wannabe buyers – has been good news for homeowners who want to sell, of course, but it’s has lifted the price of many of those homes out of reach for many people with modest incomes – especially first-time buyers...
Home prices differ in metro Atlanta counties

Home prices differ in metro Atlanta counties

The clichés say it: all politics is local and all real estate value is about location. And while the average prices in metro Atlanta tell a story of steady increases, that masks the reality of stagnation in some places and frenetic bidding in others. It also shrouds the divisions in the market, which has a virtual glut of higher-priced homes and a dearth of homes that are modestly priced....
Kempner: Only part of the wait is over for Atlantans at CNN, Turner

Kempner: Only part of the wait is over for Atlantans at CNN, Turner

The future for thousands of CNN and other Turner Broadcasting employees in Atlanta is slightly less uncertain after waiting more than a year and a half to see if AT&T really buys Time Warner. They at least now know that the purchase and a broader remake of the media landscape is almost certainly coming. What it means to their jobs and futures is still unsettled. A federal judge on Tuesday thrashed...
No minimum-wage workers can afford a 2-bedroom apartment anywhere in the US, study finds

No minimum-wage workers can afford a 2-bedroom apartment anywhere in the US, study finds

The economy's booming. Some states have raised minimum wages. But even with recent wage growth for the lowest-paid workers, there is still nowhere in the country where someone working a full-time minimum-wage job could afford to rent a modest two-bedroom apartment, according to an annual report released Wednesday by the National Low Income Housing Coalition. Not even in Arkansas, the state with the...
Court allows AT&T purchase of Time Warner in major media acquisition

Court allows AT&T purchase of Time Warner in major media acquisition

A federal judge approved AT&T’s attempt to purchase Time Warner Inc Tuesday, allowing a major change in the media industry and thwarting attempts by the Department of Justice to block the acquisition on grounds of an antitrust law violation. AT&T originally announced its intentions to purchase Time Warner, which owns Atlanta-based Turner Broadcasting, in 2016. The $85 billion move has been on...
Examining both sides of ‘net neutrality’ debate

Examining both sides of ‘net neutrality’ debate

The national debate over net neutrality landed back in the news last month after the U.S. Senate voted to restore controversial rules enacted during the Obama administration to mandate unencumbered Internet access that service providers argued was already in existence. It rolls on, even as those rules officially ended Monday. On May 16, the U.S. Senate voted to block a move last year by the Federal...
Kempner: Tower of blight at Spaghetti Junction has chance for do-over

Kempner: Tower of blight at Spaghetti Junction has chance for do-over

A feud that helped create a 15-story tower of blight near Spaghetti Junction apparently won’t be the final word on one of metro Atlanta’s most visible buildings. It’s not necessarily that two squabbling business partners have ended their years of battling. It’s just that they’ve been cut off from the building they owned and fought over. It’s about time, if you ask...
Lawsuit claims Georgia Power negligent in death of Henry resident

Lawsuit claims Georgia Power negligent in death of Henry resident

Cressie Mae Curry woke up to no power in her Henry County home on May 10, 2016. She was recovering from cancer treatments when she started “gasping for air, suffocating and fighting for every breath…” Paramedics rushed her to Piedmont Henry Hospital where doctors confirmed she had suffered acute respiratory failure and low oxygen in her blood and tissues and determined “she...
Hartsfield-Jackson general manager named city CFO

Hartsfield-Jackson general manager named city CFO

Hartsfield-Jackson International Airport general manager Roosevelt Council has been named chief financial officer for the City of Atlanta. Atlanta airport deputy general manager Balram Bheodari will be interim general manager until a search for a new airport manager is complete. Council is familiar with the city CFO’s office -- he was interim CFO for the city of Atlanta before he joined the...
Wes Moss: 8 habits of people who become millionaires

Wes Moss: 8 habits of people who become millionaires

It’s the question of the century: How do people become millionaires? My radio callers ask me, my friends ask me, and, heck, even my kids ask me. It seems we all want to know just what it takes to accumulate seven-digit net worth. Of course, it’s not easy; if it were, we’d all be millionaires. Sure, some folks come into inheritances, while others rocket ahead by stumbling upon that...
Hartsfield-Jackson aims to add workers, improve infrastructure

Hartsfield-Jackson aims to add workers, improve infrastructure

Hartsfield-Jackson International is asking for Atlanta city council approval to add 28 positions to its staff to handle more Uber and Lyft vehicles at the airport, manage traffic around construction, prepare for crowds for big events like the Super Bowl, bolster its command center to respond to issues and expand in other areas. The Atlanta airport also plans to bolster the cellular signal in outdoor...
Metro Atlanta housing top-heavy, not enough priced for first-timers

Metro Atlanta housing top-heavy, not enough priced for first-timers

Demographics and economics are driving the housing market in metro Atlanta toward a surplus of high-priced homes and a vast pool of young renters, according to a high-profile expert. Since the recession, dramatic changes have puzzled many observers, but the forces driving the market are too powerful to fade quickly, said John Hunt, principal in Atlanta-based MarketNsight during a Thursday conference...
Want a raise? Be a white man — Report finds people of color less likely to receive pay increase

Want a raise? Be a white man — Report finds people of color less likely to receive pay increase

Asking for a raise isn’t the most comfortable part of the job. But it helps if you’re a white male. That’s according to the new “Raise Anatomy” report from compensation data and software provider PayScale, Inc., which found that people of color are up to 25 percent less likely than white men to receive a raise after asking for one. » RELATED: ...
Delta making fixes in response to some glitches in new employee uniforms

Delta making fixes in response to some glitches in new employee uniforms

Since Delta Air Lines rolled out new employee uniforms last week, the carrier has been responding to some issues raised with scratchy aprons, buttons falling off and skin sensitivity to some of the fabric. Delta’s response comes after American Airlines encountered issues a couple of years ago with a new uniform rollout that prompted lawsuits and thousands of complaints about physical reactions...
9 ways to make the most of your ride on the Atlanta Streetcar 

9 ways to make the most of your ride on the Atlanta Streetcar 

While Atlanta is abuzz with MARTA and the city's proposed building of 21 miles of light rail lines and other transit improvements, the Atlanta Streetcar is quietly making its reduced-emission way around the Cenntennial Olympic Park area. The modern electric streetcar will never "clang, clang, clang" like the Judy Garland song, but it does provide an entertaining field trip for...
Two top officials of MiMedx out; Marietta company revising financials

Two top officials of MiMedx out; Marietta company revising financials

Marietta-based MiMedx this morning announced that it must revise years’ worth of financial statements, following an audit committee investigation. The biopharma company, run by Peter Petit, one of Georgia’s most successful and politically connected businessmen, also announced the abrupt departures of two top officials: its chief financial officer and its controller/treasurer. The company&rsquo...
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