Business


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.  As of Monday afternoon, another major Vogtle owner, Oglethorpe Power...


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.
What credit rating do you need to buy a house?

What credit rating do you need to buy a house?

It's a good thing to keep your credit rating healthy even when you don't have a particular goal in mind. But when you want to buy a house, it's critical. People with good credit scores can receive benefits from lower down payments to lower interest rates. You also need a minimum baseline score to be considered a good risk to get any home loans at all.
Number of home sales drops in metro Atlanta in August

Number of home sales drops in metro Atlanta in August

The housing market’s long-running trend of fewer sales and higher prices has intensified, adding to worries about affordability in the region, according to a report from the Atlanta Realtors Association. Last month, there were 5,062 home sales in the region’s 11 central counties, down 9.7 percent from the level of August last year, according to the report.
UPDATED: Airlines cancel flights as coastal airports close due to Hurricane Florence

UPDATED: Airlines cancel flights as coastal airports close due to Hurricane Florence

Atlanta-based Delta Air Lines has canceled about 175 flights as coastal airports close due to Hurricane Florence. Airports in Myrtle Beach, S.C. and Fayetteville, Wilmington, New Bern and Jacksonville, N.C. will remain closed through Friday, according to Delta. Charleston’s airport will remain closed until just after 6 p.m. Friday, the airline said.
Delta cancels 70 flights in advance of Hurricane Florence

Delta cancels 70 flights in advance of Hurricane Florence

Delta Air Lines has canceled about 70 flights in advance of Hurricane Florence making landfall, with most of the cancellations so far affecting flights Thursday. The cancellations include flights to and from coastal cities such as Charleston, Fayetteville, N.C., and Wilmington, N.C. More flight cancellations are expected.
In metro Atlanta, many higher income households are choosing to rent

In metro Atlanta, many higher income households are choosing to rent

Jake Mendelson really likes his apartment in Chamblee, a nice place near the Brookhaven line that is close to stores and restaurants and just a 10-minute drive to work. He’s a renter because he wants to be, not because he needs to be. The 24-year-old investment expert isn’t philosophically opposed to owning.
Delta TechOps facility to host Vice President Pence for visit

Delta TechOps facility to host Vice President Pence for visit

Delta Air Lines’ TechOps maintenance facility will host a visit by Vice President Mike Pence on Thursday, where he will be briefed on emergency preparedness before Hurricane Florence makes landfall. At the Delta facility near Hartsfield-Jackson International Airport, Pence will meet with executives and speak to employees.
Council committee rebuffs Atlanta mayor on Gulch deal

Council committee rebuffs Atlanta mayor on Gulch deal

Atlanta Mayor Keisha Lance Bottoms made a rare and dramatic appearance before a City Council committee Tuesday, pleading to keep the most important real estate deal of her young administration — and one of the biggest in the city’s history — moving forward.
‘Giant’ in Ga. wine industry made fortune in pharmaceuticals 

‘Giant’ in Ga. wine industry made fortune in pharmaceuticals 

Don Panoz, a serial entrepreneur who helped build Georgia’s wine-making industry, launched motorsports businesses and founded the upscale Chateau Elan development in metro Atlanta’s exurbs, said earlier this year that the word retirement “isn’t in my vocabulary right now.
$1.2 million allocated to firms in southeast affected by cheap imports

$1.2 million allocated to firms in southeast affected by cheap imports

The Georgia Tech Research Corporation has received a $1.2 million grant from the U.S Department of Commerce to help manufacturers in the southeast that have been impacted by cheap foreign imports. The grant provides some funding and training to help businesses in eight southeastern states stay competitive in a global market.
Georgia PSC also attracts outside money

Georgia PSC also attracts outside money

As the midterm elections loom, local races are tapping into the national political momentum and dollars. Even the race for seats on the Public Service Commission is seeing campaign money coming from outside of Georgia, especially on the Democratic side.
New York airport exec named general manager of Hartsfield-Jackson

New York airport exec named general manager of Hartsfield-Jackson

An airport executive from New York’s John F. Kennedy International Airport has been named general manager of Hartsfield-Jackson International Airport. Atlanta Mayor Keisha Lance Bottoms announced John Selden, deputy general manager at New York’s JFK, will take the helm of the Atlanta airport.
UPDATED: Delta caps fares for flights from cities in path of Hurricane Florence

UPDATED: Delta caps fares for flights from cities in path of Hurricane Florence

Delta Air Lines said it is capping air fares for flights from certain cities in the path of Hurricane Florence. Atlanta-based Delta said through Sept 16, the fare cap is $299 each way in coach class for flights to Atlanta from coastal cities in Georgia, South Carolina, North Carolina and Virginia. Some fares may be less.
Atlanta details Gulch deal, but some say benefits come up short

Atlanta details Gulch deal, but some say benefits come up short

Mayor Keisha Lance Bottoms on Monday touted a deal to redevelop downtown’s Gulch as a boon to both affordable housing and economic opportunity in the city, but some questioned whether a list of benefits her office released justify the potential public investment that could climb to $2 billion.
Here's what an ‘average’ house looks like in Georgia 

Here's what an ‘average’ house looks like in Georgia 

Average can sometimes be kind of wonderful. Just consider the price of an "average" house in every state and be grateful you live in Georgia. According to a recent Trulia blog, the “average” house in every state looks quite different. Trulia researchers based their list off of the median list prices in each state and gathered top homes on Trulia’s online listing.
Southern Company CEO Fanning receives industry award

Southern Company CEO Fanning receives industry award

Southern Company CEO Tom Fanning has received the Edison Electric Institute’s Distinguished Leadership Award for his contributions to the electric power industry. The award was presented to Fanning during the institute’s board meeting for CEOs.
Norfolk Southern said to consider Atlanta for HQ move

Norfolk Southern said to consider Atlanta for HQ move

Virginia-based railroad giant Norfolk Southern is considering relocating its headquarters, and Atlanta is one of several cities said to be on its list of prospects, several people familiar with the matter told The Atlanta Journal-Constitution.
Georgia Power customers to pay less in power bills this month

Georgia Power customers to pay less in power bills this month

Georgia Power customers should expect the final $25 bill credit this month. It’s the last of three credits totaling $75 ordered by the state Public Service Commission last December, as part of a condition to keep construction at Plant Vogtle going. The first two credits were issued in April and July.
Will your employer pay you to manage your own finances?

Will your employer pay you to manage your own finances?

Having a hard time paying your bills each month? There’s a growing chance that your employer wants to help, and not just by giving you a regular paycheck. For years, companies have tried to convince employees to improve their physical health. Now, U.S. companies are increasingly pushing workers to also improve their personal finances and offering more robust advice to help them do so.
A year later, Equifax slammed while boasting of change

A year later, Equifax slammed while boasting of change

A year after hackers broke into Equifax’s network and stole the personal information of 148 million Americans, a report by a consumer watchdog group is lambasting the credit reporting agency for not addressing its vulnerabilities earlier and for botching its response to the unprecedented breach. Moreover, the report  — issued Thursday by the U.S.
Georgia Power finally releases first detailed report on Vogtle risks

Georgia Power finally releases first detailed report on Vogtle risks

For the nine years of construction of the Plant Vogtle reactors, details of the risks to the project were not included in the biannual reports to state regulators. However, last week, Georgia Power included the risks, which may signal delays, additional costs and probable challenges in the initial testing of the reactors if left unchecked.
NTSB investigating reported Delta engine failure

NTSB investigating reported Delta engine failure

The National Transportation Safety Board is investigating a reported uncontained engine failure on a Delta Air Lines flight Wednesday evening. NTSB announced the investigation in a tweet Thursday afternoon, saying the incident occurred as the Delta Boeing 757-200 departed Atlanta for Orlando. Flight 1418 had 127 people on board, including 121 passengers and six crew members.
Atlanta breaks ground on city’s biggest park at Bellwood Quarry

Atlanta breaks ground on city’s biggest park at Bellwood Quarry

It’s a lush forest five miles northwest of City Hall and in many ways, it’s a world away from the concrete jungle of downtown Atlanta. And on Thursday, after more than a decade of planning, city leaders held a ceremonial groundbreaking for the Westside Park at Bellwood Quarry, a sprawling tract that will become the city’s largest park.
Delta seeks investment partner for its oil refinery

Delta seeks investment partner for its oil refinery

Delta Air Lines is seeking an investment partner for its oil refinery in Pennsylvania. Atlanta-based Delta bought the Trainer, Pa. oil refinery for $150 million in 2012 to gain more control over its fuel costs. The refinery is run by Delta subsidiary Monroe Energy and the airline said its goal is to provide “the lowest cost jet fuel in the industry.
Georgia second in nation in number of women-owned businesses started

Georgia second in nation in number of women-owned businesses started

Yetunde Jude launched her hair products business in 2016, testing, mixing and packaging her merchandise at her kitchen table. A divorced mother of two, Jude juggles her full-time internet marketing job, her parenting responsibilities and her business, with her work day usually stretching beyond 12 hours.
Coca-Cola to acquire U.K.-based coffee giant Costa for $5.1 billion

Coca-Cola to acquire U.K.-based coffee giant Costa for $5.1 billion

Georgia-based Coca-Cola Company has entered into an agreement with the United Kingdom’s largest hospitality company to acquire its Costa Coffee brand for $5.1 billion. The acquisition gives Coca-Cola access to a growing hot beverage market in Europe, Asia Pacific, the Middle East and Africa besides expanding its existing coffee lineup with a leading brand.
XpresSpa opens third location at Hartsfield-Jackson

XpresSpa opens third location at Hartsfield-Jackson

Airport spa operator XpresSpa has opened its third location at Hartsfield-Jackson International Airport, on Concourse D. The company also plans to eventually open XpresSpa locations on Concourses E and F. XpresSpa already has locations on Concourses A and C, with contracts due to expire in November.
Investigate Vogtle before DOE issues more loans, groups tell Congress

Investigate Vogtle before DOE issues more loans, groups tell Congress

Consumer and taxpayer watchdog groups in the state are asking Congress to take a close look at the Vogtle nuclear plant project before the Department of Energy finalizes issuance of additional loan guarantees. The groups say they are worried that Georgia consumers and taxpayers could be on the hook for billions of dollars in loans made for a mismanaged project.
After security breaches, Atlanta airport installs concertina wire at perimeter

After security breaches, Atlanta airport installs concertina wire at perimeter

In the wake of security breaches, Hartsfield-Jackson International Airport has begun installing concertina wire on fencing around the perimeter of the airfield. The coiled razor wire is being added on top of the existing three rows of barbed wire on about 20 miles of perimeter security fencing that surrounds the airport.
Wes Moss: How religion fits into retirement happiness

Wes Moss: How religion fits into retirement happiness

Much of our happiness in retirement discussion has been around putting into practice solid financial principles. From nest egg sizes and withdrawal rates to tips on booting the adult kids off your retirement payroll, cash has obvious implications on happiness levels. But so do lots of other things. My far-reaching money and happiness survey of over 2,000 retirees in the U.S.
After security breaches, Hartsfield-Jackson installing concertina wire around perimeter

After security breaches, Hartsfield-Jackson installing concertina wire around perimeter

In the wake of security breaches, Hartsfield-Jackson International Airport has begun installing concertina wire on fencing around the perimeter of the airfield. The coiled razor wire is being added on top of the existing three rows of barbed wire on about 20 miles of perimeter security fencing that surrounds the airport.
Porsche’s Experience Centers attract 250,000 visitors

Porsche’s Experience Centers attract 250,000 visitors

Porsche’s two Experience Centers in Atlanta and Los Angeles have attracted a combined 250,000 visitors since the centers were established less than three years ago. The centers allow visitors hands-on experiences with the brand’s models, allowing them to drive the famed sports cars and SUVs on the specially-designed tracks with the guidance of professional drivers.
Study: Job growth should continue in Georgia this year

Study: Job growth should continue in Georgia this year

Solid job growth in Georgia will continue through this year and into the future, defying the odds against a pick-up in hiring so late in an expansion, according to a high-profile forecast from Georgia State University.
Hawks, State Farm ink one of richest naming rights deals in NBA

Hawks, State Farm ink one of richest naming rights deals in NBA

Welcome to downtown Atlanta, Jake. Now trade in those khakis for something torch red and volt green. The home of the Atlanta Hawks will bear a new name when it reopens this fall following one of the most expensive renovations in NBA history: State Farm Arena.
Atlanta home prices up, though U.S. rise slowing

Atlanta home prices up, though U.S. rise slowing

Metro Atlanta home prices rose 5.7 percent on average during the past year, picking up the pace slightly even as the national trajectory decelerated, according to a much-watched survey.
Questions raised about Atlanta probe of South Africa trip payment

Questions raised about Atlanta probe of South Africa trip payment

Former Atlanta Mayor Kasim Reed was not interviewed before an outside law firm provided a city board with the results of its investigation into a $40,000 payment Reed directed to cover luxury airfare to South Africa.
Atlanta airport news: Hartsfield-Jackson to strike contract to relocate homeless

Atlanta airport news: Hartsfield-Jackson to strike contract to relocate homeless

Hartsfield-Jackson International Airport is seeking approval for a contract with HOPE Atlanta to relocate homeless people who filter into the terminal overnight. HOPE Atlanta, also known as Travelers Aid Metro Atlanta, has an office in the domestic terminal and has had a presence at the airport for decades.
UPS launches tech firm to help merchants find warehouse space

UPS launches tech firm to help merchants find warehouse space

UPS says it has launched a technology company to help businesses selling products online to find warehouse space. It is aimed at helping small businesses with e-commerce and getting products delivered, through a digital platform to match merchants with available warehouse space. It’s also a way for for UPS to sell its two-day delivery services to those businesses.
Wife of UPS driver petitions for air conditioning in delivery trucks

Wife of UPS driver petitions for air conditioning in delivery trucks

The wife of a UPS driver seeking air conditioning across the company’s fleet of package delivery trucks submitted an online petition to UPS management Monday. Theresa Klenk, a nurse, says her husband James Klenk, a 59-year-old UPS driver in New Jersey, suffered heat stroke and dehydration after working through several hot days in August 2016.
Solarize Atlanta extends deadlines for solar applications in Atlanta

Solarize Atlanta extends deadlines for solar applications in Atlanta

Solarize Atlanta has extended the deadline for homeowners and businesses seeking to apply for affordable bulk solar panel purchasing. Homeowners and businesses in Atlanta now have until Oct. 31 to sign up for the program to access free rooftop evaluations.
Kroger launches online delivery for Atlanta

Kroger launches online delivery for Atlanta

Kroger has added Atlanta to the turf on which the battle of online food deliver is being fought. The Cincinnati-based grocery chain has announced that its online service – known as Kroger Ship – is available in metro Atlanta. It is the fifth region in which Kroger now confronts e-commerce behemoths Walmart and Amazon.
Georgia’s banks report profitability in first half of 2018

Georgia’s banks report profitability in first half of 2018

Georgia-based banking institutions collectively earned $2.1 billion in the first half of the year, according to a report from the Federal Deposit Insurance Commission. Net incomes grew 31 percent compared to the same period last year. Lending and deposit rates increased across the board as the 175 banks issued $228.8 billion in loans. Deposits increased 3.4 percent, to $261.6 billion.
Porsche’s “Gold” project embraces carmaker’s sports car history

Porsche’s “Gold” project embraces carmaker’s sports car history

To mark 70 years of building some of the most beautiful and celebrated sports cars in history, Porsche Classic has created a one-of-a-kind vehicle based on its famous 993 generation. “Project Gold showcases the comprehensive skill of Porsche Classic in fascinating fashion,” says Detlev von Platen, member of the executive board of Porsche AG responsible for sales and marketing.
Kroger’s moves on plastic bags part of bigger trouble for disposables

Kroger’s moves on plastic bags part of bigger trouble for disposables

One-and-done plastics took another hit this week when the nation’s largest grocer, with a major presence in metro Atlanta, announced that it is phasing out use of plastic bags at its checkout counters nationwide. Kroger announced Thursday that it will stop putting groceries in single-use plastic bags by 2025.
Despite mid-summer lull, metro Atlanta unemployment dips

Despite mid-summer lull, metro Atlanta unemployment dips

With schools closed and many residents on vacation, the metro Atlanta economy typically taps the brakes in mid-summer, but the overall pace of hiring has been steady and the signals seem to be green going into the fall. The jobless rate dipped to 3.
Home flipping once again on the rise in metro Atlanta

Home flipping once again on the rise in metro Atlanta

The three-bedroom house on hill on Sherbrooke Drive – east of I-85, west of Northlake – was built in the 1960s. But it’s been transformed by Greg Mortimer’s contractors. Columns in front were swapped out. Walls were removed to open up the kitchen. New counters were installed, appliances replaced, a back deck rebuilt, the yard landscaped.
Metro Atlanta population increased by 75,800 new residents in 2017

Metro Atlanta population increased by 75,800 new residents in 2017

Metro Atlanta has added nearly 76,000 new residents in the last year, an indication of a thriving local economy, according to an Atlanta Regional Commission annual report. ARC, a planning agency for the the 10-county Atlanta region, estimates the metro area grew by 1.7 percent, to slightly more than 4.5 million residents.
Ports Authority opens new inland rail hub in North Georgia mountains

Ports Authority opens new inland rail hub in North Georgia mountains

The Georgia Ports Authority on Wednesday opened its second inland port, a depot in the northwest Georgia mountains to accept goods shipped into the state and a new loading point for domestic products to be shipped overseas. The $26 million Appalachian Regional Port, about 100 miles northwest of downtown Atlanta, will help some 50,000 heavy containers bypass Atlanta highways each year.
Metro Atlanta population increases by 75,800 new residents in 2017

Metro Atlanta population increases by 75,800 new residents in 2017

Metro Atlanta added 75,800 new residents in the last year, an indication of a thriving local economy supportive of migrating populations. According to an annual report by the Atlanta Regional Commission, a planning agency for the Atlanta region, the region’s population grew by 1.7 percent, raising the 10-county Metro Atlanta area population estimate to slightly over 4.
Lawrenceville celebrates start of transformative $200M redevelopment

Lawrenceville celebrates start of transformative $200M redevelopment

The work to reshape Gwinnett’s county seat is already underway. As officials, developers and dignitaries gathered Wednesday to celebrate the official start of Lawrenceville’s $200 million “SouthLawn” redevelopment project, a nearby parking lot was already filled with the hum of heavy machinery.
Atlanta City Council seeks answers on Gulch deal

Atlanta City Council seeks answers on Gulch deal

Atlanta City Council members said they needed more answers about a proposed $1 billion-plus commitment of public funds to redevelop downtown’s Gulch, as Mayor Keisha Lance Bottoms urged the council Tuesday to back the deal. Bottoms noted interest in the site by Amazon for its second headquarters project, calling the company “the elephant in the room.
Arby’s to expand to South Korea, announces 100 new restaurants

Arby’s to expand to South Korea, announces 100 new restaurants

Atlanta-based fast food chain, Arby’s, has announced plans to expand its brand into South Korea, opening 100 new restaurants there. The company entered into an agreement with S. Fresh Co., an experienced fast food operator in South Korea, to build the new restaurants. expected to begin operations in 2019.
Boom in delivery drivers brings convenience, challenges

Boom in delivery drivers brings convenience, challenges

Toby Ray, a Marietta grandmother and former banker, doesn’t drive a boxy truck or wear a brown uniform. But she has a lot in common with people who hoist boxes for UPS or other companies that have long dominated the U.S. delivery business.
Georgia Power’s $448 million costs on Vogtle receive approval from PSC

Georgia Power’s $448 million costs on Vogtle receive approval from PSC

State regulators have unanimously approved $448 million in expenditures Georgia Power says it incurred between July and December last year while constructing twin nuclear reactors in Burke County. Georgia Power is required to go before the state Public Service Commission twice a year to report its spending on Plant Vogtle.
SEC wins $1.8 million judgment against defunct Georgia movie studio

SEC wins $1.8 million judgment against defunct Georgia movie studio

The founders of Medient Studios told investors and the public they’d flip the script on Hollywood, creating the nation’s biggest movie studio campus. And Medient would do it on a site not in California, but on swampy land near Savannah.
Consumer groups demand more details from Georgia Power on Vogtle

Consumer groups demand more details from Georgia Power on Vogtle

In the wake of the recent announcement of increased project costs at Plant Vogtle, consumer groups in the state are calling for the Public Service Commission to require Georgia Power to be more transparent during its bi-annual progress reports. Georgia Interfaith Power and Light and the Partnership for Southern Equity questioned how the cost to complete forecast could have increased by $2.
Family celebrates Varsity with goal for ‘the brand to survive’

Family celebrates Varsity with goal for ‘the brand to survive’

Fans swarmed the Varsity’s Midtown restaurant Saturday to get 90-cent deals on the iconic chili-dog chain’s 90th anniversary. It was an all-hands-on-deck day for the North Avenue landmark: Members of the family that owns the restaurant directed traffic in the jammed parking lot and had to turn away the overflow. But the family faces bigger tests for the business.
Atlanta City Council members want Eastside TAD funds to flow

Atlanta City Council members want Eastside TAD funds to flow

An Atlanta City Council committee wants the city’s economic development agency to restart funding from an incentive program that’s become a bargaining chip in negotiations to redevelop the Gulch.
Metro Atlanta home prices rise nearly twice as fast as nation’s

Metro Atlanta home prices rise nearly twice as fast as nation’s

If you live in a desirable area and you’re thinking of selling your home, your timing is good. Of course, if you’re looking to buy – especially if you’re a first-timer looking for a good deal in a nice neighborhood – you may find yourself bidding against a lot of other people like yourself.
Georgia adds jobs, unemployment at 17-year low

Georgia adds jobs, unemployment at 17-year low

The state started the second half of the year with a solid month of hiring as the economy added 5,300 jobs and the unemployment rate fell to its lowest level since 2001. Georgia’s jobless rate slipped from 4.1 percent in June to 3.
Wes Moss: How 6 percent rule can help with pension payout decision

Wes Moss: How 6 percent rule can help with pension payout decision

Those of us who are fortunate enough to have an employee pension may face a difficult question one day — do we take our money in a lump sum or stick with monthly payments over time? Companies are increasingly offering this type of deal to both soon-to-be retirees and former employees who are already retired and taking the monthly check.
UPS, Teamsters reach labor deal on aircraft mechanics contract

UPS, Teamsters reach labor deal on aircraft mechanics contract

The International Brotherhood of Teamsters said it has reached a labor deal with UPS covering the shipping giant’s aircraft mechanics. The tentative agreement between Teamsters Local 2727 and Sandy Springs-based UPS brings an end to contentious negotiations over four years of bargaining.
More Business Stories