Monday, Oct. 7, 2013 | 8:28 a.m.
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Business owners take a wait and see attitude with shutdown
The government shutdown hasn’t shaken the confidence of Miles Whitlock in the American consumer. For now, people will still go out and spend money, he said, and banks will lend money, too. But he doesn’t think their patience is infinite. The longer the shutdown lasts, the more likely the economy ...
Paulding’s airfield of dreams faces obstacles
Go from your car to the gate in fewer than 15 minutes. That’s one of Mario Rodriguez’s pitches to convince fliers to choose Long Beach Airport over Los Angeles International, 20 miles away. Long Beach handles only about 5 percent of the traffic of bustling LAX, but it preaches convenience ...
Feds lay down law for bond advisers
When Wall Street nearly crashed five years ago, a dozen metro Atlanta governments discovered that some nifty side deals their financial advisers had coaxed them into when they issued bonds a few years earlier weren’t so nifty after all.The side deals — involving complex packages of bonds and related securities ...
Consumers getting upper hand in car shopping
When Jennifer Williams walked into the Nalley Lexus dealership in Cobb County on Tuesday, all she needed was a salesperson to provide her a good deal on her trade-in, the keys to her RX 350 SUV and a happy wave goodbye. Thanks to the Internet, Williams had done research ahead ...
Delta: Paulding airport plan will fail
Plans to bring airline service to Paulding County’s tiny airport drew quick criticism Friday from two giant opponents: Delta Air Lines and the city of Atlanta. “With the city of Atlanta and Mayor (Kasim) Reed, we will work together to oppose any investment in that facility,” Delta chief executive Richard ...
Delta vows to fight Paulding airline flights
Delta Air Lines’ top executive said Friday the Atlanta-based carrier will fight a plan to add commercial air service at a small regional airport in Paulding County. “With the city of Atlanta and Mayor (Kasim) Reed, we will work together to oppose any investment in that facility,” Delta chief executive ...
Atlanta woman says she is voice of Siri
Siri has outed herself. Apple’s voice-activated virtual “assistant” known virtually all over the globe after being introduced with the iPhone 4S on Oct. 4, 2011 is a real woman who lives in suburban Atlanta, according to CNN. While Apple has never identified her, the voice of Siri in the United ...
Flooring plant east of Atlanta expanding, to hire 219
Mannington Mills, a producer of commercial and residential floor coverings, will expand a plant in Morgan County and add 219 jobs over the next several years. The company currently has 800 workers in the state.An announcement by the Governor’s Office on Thursday said the Madison plant will double its footprint ...
Mannington Mills expanding in Madison, to hire 219
Mannington Mills, a producer of commercial and residential floor coverings, will expand a plant in Morgan County and add 219 jobs over the next several years. An announcement by the governor’s office on Thursday said the Madison plant will double its footprint and quadruple its manufacturing capacity from the level ...
Video Display sells Z-Axis subsidiary
Tucker-based Video Display Corp.’s shares rose Thursday after the company said it will sell off part of its business in a mostly cash deal and eliminate some its debt.Video Display manufactures and distributes cathode ray tubes used in TV sets and and computer monitors. The company said a year ago ...
Avalon reaches deal for ‘gigabit’ Internet
The developers of the mixed-use Avalon project along Ga. 400 in Alpharetta has struck a deal to connect homes, apartments, retail tenants and its high-end office users with ultra-high-speed Internet service. North American Properties said Thursday its deal with Hotwire Communications, a provider of fiber-to-the-premises broadband, will create the first ...
IntercontinentalExchange, NYSE Euronext deal hits milestone
Atlanta-based IntercontinentalExchange, a global operator of commodities and derivatives exchanges, said Wednesday it reached “an important milestone” after a major regulatory body in Europe indicated an initial nod to ICE’s plans to acquire NYSE Euronext.In a statement, ICE said the Chairmen’s Committee of Euronext Regulators sent the company a letter ...
Fuqua team picked to develop Peachtree Corners project
A $150 million mixed-use town center in Peachtree Corners is a step closer to reality after the city’s downtown development authority selected a group to develop more than 20 acres of city-owned land. Fuqua Development, apartment giant AMLI Residential and Pope & Land Enterprises were named the “top-ranked” team for ...
Georgia Commerce buying Brookhaven Bank
Georgia Commerce Bancshares is buying Brookhaven Bank in a deal that will make Georgia Commerce Bank into a $1 billion entity. It is the third merger between healthy banks since the end of August. Mark Tipton, chairman and CEO of Georgia Commerce Bank, said he expects more such mergers, and ...
Airport solicits proposals for barbershop
Hartsfield-Jackson International Airport is holding a pre-proposal conference for companies interested in building and operating a barbershop in the airport terminal. The pre-proposal conference will be held Thursday at 10 a.m. at the airport’s Technical Support campus at 1255 South Loop Road in College Park. The airport held a similar ...
Georgia Power’s rate request moves forward
Georgia Power officials on Wednesday defended the company’s request to increase the amount of profit its shareholders are allowed to make as part of its request to collect $482 million from customers through 2016. Collecting the additional money would keep the company financially strong, said Ron Hinson, Georgia Power’s chief ...
Pull-A-Part expands Texas presence
Atlanta-based Pull-A-Part said it has acquired a second self-service used auto parts business in Texas. The company acquired a recycling yard in El Paso from Mega U Pull. Financial terms were not disclosed. In August, Pull-A-Part announced it had acquired U-Pull-It Auto Parts locations in Brownsville, Texas, and Tucson, Ariz. ...
SunTrust, Wells Fargo, Citigroup pay $1.3 billion in fines
SunTrust, Wells Fargo and Citigroup agreed to pay Freddie Mac a total of $1.3 billion related to bad mortgage loans they sold to the government-backed firm.Atlanta-based SunTrust agreed to pay $65 million, $25 million of which it had previously paid. The fines are related to 312,000 loans SunTrust made between ...
Global Payments names new CEO
Sandy Springs-based transactions processor Global Payments has named its president, Jeffrey S. Sloan, as its new CEO, the company said Tuesday. Sloan succeeds Paul Garcia, Global’s chief executive since 1999, who will remain as the company’s chairman. Sloan joined Global in 2010, steering the company’s Americas operations and its mergers ...
Homebuyers face longer loan process due to shutdown
Germaine Devane of Vinings has spent the last four months looking for a new home in Acworth to get his son in a better school district. He fears the government shutdown, however, may jeopardize his chances of sealing a deal and getting a favorable interest rate on his mortgage loan. ...
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