Business

Airlines and Aviation
1:52 pm
Wed July 23, 2014

Delta's ATL Hub Helps Boost Strong Profits

Delta Air Lines Wednesday posted double-digit profit gains for the June quarter and beat Wall Street's profit expectations.

Everything seems to be going right at the Atlanta-based airline, at least from a balance sheet perspective.  More passengers boarded Delta aircraft, and they paid a higher premium to do so.  

Delta says it earned $889-million during April, May and June. That’s a 17-percent increase over the same period a year ago.  

During an investor webcast, Delta president Ed Bastian said Atlanta was one of the airline’s bright spots.

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Business
11:29 am
Tue July 22, 2014

Delta Halts Service to Israel, Citing Safety Concerns

Credit Delta Air Lines

  Delta Air Lines has suspended all service to Israel.  

According to a written statement from the Atlanta-based carrier, the decision comes after reports that a rocket and associated debris was seen near Ben Gurion International Airport in Tel Aviv.

That forced a Delta flight from New York to be diverted to an airport in Paris on Tuesday.

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Business
12:01 pm
Mon July 21, 2014

Deloitte Opening Software Center in Atlanta

Deloitte picks Atlanta over six other metro areas for its new iLab.
Credit Deloitte

Atlanta's profile in the tech world is getting another boost.

Deloitte is expected to open an "iLab" in the downtown area later this year.

That's where the financial and consulting firm will develop cloud-based software and advanced analytics products for its Fortune 250 clients.

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Business
4:56 pm
Fri July 18, 2014

Teavana Leaving Atlanta for Seattle

Since its founding in 1997, Teavana has called Atlanta home. But that's about to change.  Starbucks, which purchased Teavana for $620-million in 2012, is moving the retailer's operations to its Seattle base. 

“I think it was just a matter of time before they would consolidate those operations," says ITG restaurant analyst Steve West. "There’s really a lot more international potential for tea rather than coffee.”

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Business
3:47 pm
Thu July 17, 2014

Delta Routing Planes Around Ukrainian Airspace

Credit Delta Air Lines

In the wake of the crash of Malaysian Airlines flight 17 over the Ukraine today, Atlanta-based Delta Air Lines says it's stopped routing flights through Ukrainian airspace out of "an abundance of caution." 

From Delta:

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Business
6:00 am
Fri July 11, 2014

Scammers Posing as Georgia Power Calling for Gift Card Payments

Callers pretending to be debt collectors from the Georgia Power Company are targeting customers in Atlanta's northern suburbs.

A well-known phone scam is cropping back up in Atlanta’s northern suburbs, and the scammers are using the Georgia Power Company as their alias.

Georgia Power says it has heard from more than 500 customers since the first of the year that they have gotten phone calls about their power bills being overdue or their payments lost in the mail.

“The caller tells the customer to go to a store that sells money cards,” says Georgia Power’s Carol Boatright. She says the utility does call customers about overdue bills but does not ask them to pay them off with debit or gift cards.

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Real Estate
5:10 pm
Thu July 10, 2014

Atlanta Housing Market Bucks National Trend

The hot real estate market is cooling across the nation, as buyers are becoming less willing to engage in bidding wars for available property. That’s according to real estate company Redfin.

But Atlanta? 

“Atlanta actually is different," says Nela Richardson, Redfin's Chief Economist. "We’re seeing big differences.”

Unlike most of the US, it’s still a sellers’ market here.

Richardson says there are several reasons , including low inventory of homes on the market. But the main reason: it’s still cheap to buy in Atlanta.

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Business
7:22 pm
Sun June 29, 2014

The Good/Bad of Atlanta's Hotel Pricing

Credit Pablo Henderson

Metro Atlanta is among the most affordable markets in the nation for a hotel room, according to discount travel site Hotwire.com.

The site looked at the top-10 most reserved cities on its website, and ranked them by average nightly price.

Atlanta visitors pay about $75, the website says.  That puts it square in the middle--#5.

In comparison, Orlando is the cheapest -- $56 a night. St. Louis came in the most expensive, at $92.

Whether that’s good or bad depends on whom you ask.

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Business
6:19 pm
Thu June 26, 2014

Business Leaders Gather To Consider Proposed New Carbon Regulations

Plant Scherer in Juliette, Georgia was the single largest carbon polluter in the country in 2013, according to Environment America.

An effort to help the state comply with newly proposed federal clean air regulations brought local business leaders to downtown Atlanta Thursday.

A national coalition of environmental groups called the Climate Action Campaign organized the meeting.

David Gardner works with the Climate Action Campaign. He says reducing carbon emissions doesn’t have to be a drain on a company’s bottom line.

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Business
11:09 am
Thu June 26, 2014

IKEA to Implement "Living Wage" at 38 U.S. Locations

Workers at Atlanta's IKEA will be among those in 38 US stores to see a bump in minimum compensation.
Credit flickr.com

IKEA, the world’s largest furniture retailer, is changing the way it calculates wages for workers at its 38 U.S. locations.

The company says it will pay workers a living wage instead of a minimum one.

IKEA says the change will bump the average minimum hourly wage in its stores to $10.76. That’s more than $3.50 higher than the federal minimum wage.  

Rob Olson, president of IKEA US, tells WABE he sees it as a "Win-Win-Win." 

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Business
5:51 pm
Wed June 25, 2014

CNBC Ranks Georgia As Top State For Business

CNBC logo
Credit William Hartz, CNBC News via flickr.com / https://flic.kr/p/3W9Nig

  CNBC says Georgia is the top U.S. state for business this year.

Georgia received the number one ranking after coming in first in the study in workforce and infrastructure. The state also ranked in the top half in all but two of the study’s ten categories. Scott Cohn is a senior correspondent with CNBC. He says Georgia went from eighth in last year’s study to first this year.

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Airlines and Aviation
5:47 pm
Wed June 25, 2014

Delta, Boeing on Opposite Sides of Export-Import Bank Debate

Credit Jim Burress / WABE News

The Federal Export-Import Bank is in place to finance international buyers' purchases of U.S. Goods.  Its charter is before Congress for re-authorization, which is proving to be a polarizing and politicized process. 

It's also put Atlanta-based Delta Air Lines sqarely against Boeing, the airline's largest aircraft supplier. 

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Business
2:36 pm
Wed June 18, 2014

Georgia Premiums on Federal Insurance Exchange Among Lowest

Dan Tzros was Georgia's first licensed navigator. In this archive picture, he attempts to enter the healthcare marketplace online portal.
Credit Jim Burress / WABE

Georgians are paying some of the lowest premiums in the nation for insurance on the federal healthcare marketplace, according to data released Wednesday by the federal Dept. of Health and Human Services.

  The data compared 35 states that opted to let the federal government run their exchanges. 

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Atlanta Prices Up From Last Week
12:24 pm
Mon June 16, 2014

Instability in Iraq Leading to Higher Gas Prices

An Exxon station showing Atlanta's high gas prices.
Credit Evan Jang / WABE

Gas prices are going up again.

The average price in metro Atlanta today for regular unleaded gasoline is $3.61, and increase of about four cents per gallon from a week ago.

Mark Jenkins, with the American Automobile Association, says increases right now depend on the unstable situation in Iraq. “If there’s a resolution reached relatively soon, then gas prices could start to level out again,” said Jenkins. “But if things continue on, we could expect to see continue to see rising gas prices.”

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Business
11:52 am
Fri June 6, 2014

Take That, Seattle: Atlanta No. 2 for Electric Cars

2014 Nissan LEAF
Nissan

File this one under the categories of, “Who knew?” and “Really?”

Atlanta just beat environmentally-conscious Seattle for the number two spot for use of electric cars, according to IHS Automotive as reported by the Wall Street Journal.   

This ranking will make some ponder if Atlanta has suddenly become  the land of tree hug-ery, where we’ll will pay a hefty window sticker premium to blow off the corner gas station.

… not exactly.

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Business
12:45 pm
Tue June 3, 2014

Georgia's Manufacturing Slumped In May, But Outlook Still Positive

Dr. Don Sabbarese is the director of KSU's Econometric Center.
Credit Kennesaw State University

  Manufacturing activity in Georgia dropped in May, but analysts still see the glass as half-full.

Kennesaw State University reports Georgia's Purchasing Managers' Index, or PMI, was 56.8 last month.

That's down about six points from the prior month.

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Business
8:57 am
Tue June 3, 2014

1,100 Jobs Coming to Clayton County

Gov. Deal announcing that more than 1,100 jobs are to be relocated to Clayton Co. by Atlanta-based Chime Solutions.
Credit Marylee Williams/WABE

More than 1,100 jobs are coming to Clayton County.

Chime Solutions is an Atlanta-based human resource, business process outsourcing firm. The company plans to bring more than 1,100 jobs to Morrow in Clayton County and repurpose a former J.C. Penney inside Southlake Mall.

Governor Nathan Deal says the announcement comes in a county where the unemployment rate has greatly exceeded the state as a whole.

“This announcement should bring hope and opportunity to that part of our state. We think it will be a precursor to opportunity that will follow soon behind.”

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Business
5:42 am
Tue June 3, 2014

State's Aerospace Industry Shooting Upward

Georgia Tech hosted the Bavarian-American Symposium on Monday.
Credit John Lorinc / WABE

Georgia's aerospace industry is rocketing forward.

In 2012 and 2013, the aerospace industry was the state's top international export.

"So we say it's not poultry and peanuts anymore, it's planes and parts," says Steve Justice, the director of the Georgia Center of Innovation for Aerospace.

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Business
3:48 pm
Thu May 29, 2014

GSU Economist: "Peach State Bets Gingerly on Growth"

GSU economist Rajeev Dhawan presents his quarterly economic forecast.
Credit Courtesy: Georgia State University

Gingerly.  It’s an adverb that means in a careful or cautious manner. 

And it’s how GSU economist Rajeev Dhawan characterizes the near-term growth of the economy on both the national and local fronts.   

Some of that tepidness comes from concern over when the Fed will raise interest rates.

Speaking at his quarterly economic forecast Thursday,  Dhawan predicted:

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Business
6:00 am
Wed May 28, 2014

Cobb Commission Approves Braves Stadium Deal

A Cobb resident and Cobb business owner John Loud (pictured on the right) smile after commissioners approve the stadium
Michelle Wirth/WABE News

A new Atlanta Braves stadium and adjoining mixed use development in Cobb County is one step closer to reality. That’s after Cobb commissioners approved a final stadium deal for the project Tuesday night.

The meeting started off with several opposed or concerned about the deal objecting loudly to the fact they were not allowed to comment on the project. That’s because the number of speakers was limited to twelve, which is typical during normal meetings. Eventually, when the residents refused to quiet down, county police officers escorted them out of the meeting.

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Business
5:00 am
Tue May 27, 2014

Cobb Commission to Vote on Final Stadium Deal

An artist's rendering of the new Braves stadium in Cobb County.
Credit Atlanta Braves / homeofthebraves.com

On Tuesday night, Cobb County commissioners are expected to vote on a final deal for a new Atlanta Braves stadium and adjoining mixed use development.

During the meeting, commissioners will decide whether to authorize borrowing for the project that could exceed the amount originally planned by nearly $30 million.

At tonight’s meeting, county officials will decide whether to approve the borrowing of up to $397 million dollars in revenue bonds for the project. That could stretch the county’s annual payment for the stadium as high as $25 million.

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Airlines and Aviation
3:37 pm
Wed May 21, 2014

Virgin Atlantic to Service HJIA

Virgin Atlantic will begin servicing Atlanta on Oct. 26th.
Credit Courtesy: Virgin Atlantic

Virgin Atlantic, the British airline known for its unique style, will soon fly to Atlanta.  

The move is the result of a partnership formed in January with Atlanta-based Delta Air Lines, according to a press release

Delta owns a 49% stake in Virgin Atlantic. 

Under the deal, Delta will take over one of Virgin’s two daily flights between Los Angeles International and London-Heathrow.  It marks the first time Delta’s served London out of LAX with nonstop service.

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Business
11:11 pm
Mon May 19, 2014

Falcons Hold Groundbreaking Ceremony For New Stadium

Falcons owner Arthur Blank, center, at Monday night's ceremony.
Credit Atlanta Falcons

The Atlanta Falcons Monday night held a flashy groundbreaking ceremony for a new stadium to be completed in March 2017.

The ceremony took place about a hundred yards from the actual construction site and was a spectacle that included fireworks, pyrotechnics, hors d'oeuvres, an open bar, and a 3-D video tour of the new stadium projected onto a huge movie screen.

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Business
12:30 pm
Mon May 19, 2014

AT&T Moving Cricket Subsidiary to Atlanta

Cricket Wireless is expected to move from Alpharetta to Atlanta later this year.
Credit Cricket Wireless / AT&T

Cricket Wireless is coming to Atlanta.

Officials with the AT&T subsidiary say the move from Alpharetta to a spot near the Lindbergh MARTA station should be complete within the next few months.

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Business
8:02 pm
Thu May 15, 2014

A Talk About the Cobb County Stadium Design with Braves Exec VP Derek Schiller

One of the conceptual drawings released by the Atlanta Braves on May 14, 2014, shows the new Braves stadium in Cobb County and part of the mixed use complex around it.
Credit Atlanta Braves

 

On Thursday, May 15, 2014, Cobb County officials again defended the approval process and funding for the new Braves stadium.  While they were doing that, team officials were talking about the conceptual drawings for the new ballpark, which had been released the day before.  The proposed stadium, and the mixed-use development around it, are set to open in April, 2017.  Derek Schiller, the Braves executive vice president for sales and marketing, spoke with WABE's Denis O'Hayer.  

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Airlines and Aviation
3:22 pm
Thu May 15, 2014

More Passengers to Fly This Summer, Trade Group Predicts

A4A predicts summer travel will approach pre-recession levels this year.
Credit Airlines for America

International travel is expected to set an all-time record this summer, according to a report released Thursday by the airline industry trade group Airlines for America. 

A4A also projects summer travel to reach its highest level in six years, with US carriers expected to accommodate 210 million passengers between June 1 and August 31.

That’s up a percent-and-a-half over last summer.

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Thanks for your support
11:22 am
Thu May 15, 2014

WABE Stays the Course

Public Broadcasting Atlanta would like to assure WABE listeners that any changes in the Atlanta market will only strengthen our commitment to continue to provide the high quality news, arts and cultural programming that listeners have come to rely on from WABE and Public Broadcasting Atlanta.

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Business
7:34 pm
Wed May 14, 2014

Braves' Plans for New Stadium Call for Fewer Seats, More High-End Options

The Braves released more details about their plans for their new stadium in Cobb County.
Credit Atlanta Braves / homeofthebraves.com

On Wednesday, May 14, 2014, the Atlanta Braves released their first renderings, or preliminary drawings, of what their new stadium in Cobb County will look like.

Braves executive vice president Derek Schiller told WABE the new ballpark will have a capacity of 41,500.  That's down from the 50,000 seats in the team’s current home at Turner Field.

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Business
1:36 pm
Wed May 14, 2014

New Drawings of Braves Stadium Released

The new Braves stadium in Cobb County may look like this, according to a new set of renderings released today by the Atlanta Braves.
Atlanta Braves homeofthebraves.com

The Atlanta Braves today released six new conceptual renderings of their planned new stadium in Cobb County, which can be seen above. 

In a press release, Braves president John Schuerholz noted that these are not the final designs.  “This is a very early look at how our vision is shaping up and, even though we are still months away from final plans and drawings, we are very pleased with the progress.”

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Airlines and Aviation
12:47 pm
Wed May 14, 2014

Southwest Airlines' Growth Bypasses Atlanta

Southwest CEO Gary Kelly did not mention Atlanta Wednesday when he told investors the airline is “here to grow.” 

Speaking via webcast, Kelly did single out Dallas, Houston, Ft. Lauderdale and Los Angeles.

“As long as we have a competitive advantage, it makes sense for us to be investing in these facilities where we can grow,” Kelly said. “Competitive advantage is two things: a lower price and better service.”

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