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Business news from around the state and region
Southern Co. CEO defends Miss. power project
The head of Southern Co. called the decision to write off $540 million in extra costs on a Mississippi power plant "a bitter pill for us to swallow," but he defended the project Wednesday as a long-term investment for the large utility. Southern Co. has absorbed the unexpected charges of ...
Ex-Ga. tax preparer guilty in tax fraud scheme
The owner of a tax preparation business has pleaded guilty to using stolen identities to claim millions in fraudulent tax refunds. U.S. Attorney's spokesman Bob Page says 44-year-old Kevin Sonnier, of Ellenwood, worked with others to convince thousands of victims they could apply for stimulus payments from the federal government ...
Citi Trends 1Q profit drops, misses estimates
Clothing and accessories company Citi Trends said Wednesday that its first-quarter net income dropped 39 percent as cooler weather dampened sales in the beginning of the period. CEO Ed Anderson said in a statement that sales began to pick up once the weather began to warm up after Easter. But ...
W.Va.'s local-food movement a model for Appalachia
With eight in 10 farmers making less than $10,000 a year, West Virginia will never rival big Midwestern factory farms in producing food. But creative collaborations with food entrepreneurs are seeding a new kind of economy that federal officials say could become a model for 12 other Appalachian states. Officials ...
Job fair for military spouses planned at Benning
The U.S. Chamber of Commerce Foundation will be hosting a job fair at Fort Benning for spouses of active duty, National Guard, the Reserves and veterans. The "Hiring Our Heroes" job fair will be held Wednesday at 10 a.m. at the Benning Conference Center. U.S. Rep. Sanford Bishop's office says ...
Housing recovery boosts Home Depot 1Q results
Home Depot Inc.'s first-quarter net income rose 18 percent, thanks to the ongoing housing recovery, despite a chilly and wet spring. Its quarterly results topped Wall Street expectations, and the world's biggest home improvement chain boosted its full-year earnings and revenue forecasts Tuesday. The company's shares rose to a 52-week ...
The 50th Super Bowl goes to San Francisco Bay Area
The NFL will celebrate its 50th Super Bowl in northern California, where its newest, most high-tech venue is being built. That makes South Florida, in the midst of a spat over expensive stadium renovations, a loser for the 2016 game. And Miami took a double defeat when Houston was awarded ...
Solar industry pushes for more use in Ga.
The solar industry in Georgia is pushing a power monopoly to expand its use of solar energy as it plans to meet the state's electricity needs over the next two decades. State utility regulators heard testimony Tuesday on the energy plans from Southern Co. subsidiary Georgia Power, which must submit ...
Tea party groups protest IRS at Atlanta rally
Georgia tea party activists protested the targeting of conservative groups by the Internal Revenue Service with a rally Tuesday on the steps of the Capitol, calling for an investigation and tax reform to limit the scope of the federal agency. The event was one of several around the country. IRS ...
Record amount of cargo passes through Ga. ports
A record 2.4 million tons of cargo moved through the state's ports in April, Georgia Ports Authority officials announced Monday. April's record is an increase of about 108,530 tons over the same time period last year. In a release, GPA officials said the state's ports also saw a 4 percent ...
Kemper overruns claim Miss. Power's president
Ed Day said his main job as president of Mississippi Power Co. was to successfully complete the company's Kemper County power plant. Now, more than $1 billion in cost overruns at the coal-fired plant have claimed his job, and parent Southern Co. has sent in a top executive to try ...
Study: Most shipwrecks a minor US pollution threat
Shipwrecks lying deep off America's coasts are more often historical artifacts than present-day threats from leaking old oil tanks, a new federal report says. While 87 of the ships — most sunk during World War II by German submarines — have the potential to leak tens of millions of gallons ...
Firm to appeal nuclear plant whistleblower case
An engineering firm accused of firing a whistleblower for reporting unsafe conditions at an eastern Kansas nuclear power plant plans to appeal the ruling by federal regulators, the firm said Monday. The Labor Department's Occupational Safety and Health Administration found Enercon Services violated whistleblower protections when it retaliated against an ...
Jekyll breaking ground on overdue convention hotel
Developers are set to start construction on a new convention hotel for Jekyll Island after long delays that largely resulted from difficulties getting a bank loan for the $41 million project. Members of the state park's governing board were scheduled attend a ground-breaking ceremony Monday for the 200-room Westin hotel. ...
Delta CEO plans to add jobs in NE Minnesota
The chief executive of Delta Air Lines said he plans to add jobs at the carrier's reservation center in the northeastern Minnesota city of Chisholm. CEO Richard Anderson told the Mesabi Daily News of Virginia, Minn., for a Sunday story (http://bit.ly/13EmPeT ) that his airline wants to invest in the ...
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