Business

Business
6:00 am
Thu October 30, 2014

Tesla Expanding Georgia Presence; Facing Court Battle from Georgia Automobile Dealers Association

Decatur's Tesla showroom is scheduled to open Nov. 4, 2014.
Credit Jason Parker / WABE

Tesla, known as the electric car to the stars, is getting ready to open its second store in Georgia. At the same time, the car company is getting push-back from the state’s automobile dealers.

With entry-level pricing upwards of $70,000, not everyone is in the market for a Tesla -- even with Georgia’s $7,500 electric car incentive.

But Tesla Motors already has a showroom and service center in Marietta and is gearing up to open another one next week on Church Street in Decatur.

Read more
Business
1:28 pm
Thu October 16, 2014

Georgia Lottery Earns Record First Quarter Profit

Credit Dan Raby / WABE

  The Georgia Lottery Corp. says it earned record revenue for state education initiatives in the first quarter of fiscal year 2015.

Officials say the lottery earned more than $227 million dollars for state education initiatives, surpassing last year's total by more than $3.2 million.

Lottery officials say the first quarter of the agency's fiscal year spanned July 1 to Sept. 30.

Officials say the lottery has raised a total of $15.7 billion for Georgia education programs since the lottery's inception in 1993.

Read more
Business
6:21 pm
Wed October 15, 2014

AT&T to Offer Super-Fast Internet in Atlanta

Credit Bidgee / Wikimedia

AT&T this week announced plans to offer super-fast internet service to Atlanta and three other cities in Georgia. Comcast and Google are also thinking about offering a similar service.

But does Atlanta really need it? And if so, will Atlanta’s sprawled-out geography affect the roll-out?

AT&T says Atlanta, Decatur, Sandy Springs, and Newnan will be the first to get the super-fast internet service. It allows a user to download a TV show in less than three seconds and an HD movie in about half a minute.

Fast indeed, but is it necessary?

Read more
Business
8:15 am
Tue October 14, 2014

Who Loses When Gas Prices Plummet?

Credit WABE News

Gas prices are dropping in Atlanta and across the country. But, there are some drawbacks to the price plunge.

As prices fall toward the $3/gallon mark, that’s a big win for you, the consumer. But as Patrick DeHaan, a senior petroleum analyst with gasbuddy.com, says there will inevitably be some losers.

Read more
Business
6:00 am
Tue October 14, 2014

Developers Focus On Those Seeking 'Carless Commutes'

Credit MARTA.com

Congestion continues to be a major issue in Atlanta. And as the region’s population grows, transit experts say it could get worse. The Atlanta Regional Commission predicts by the year 2040, the Atlanta metro area will have 1.5 million more jobs. Those are among the reasons developers are building with the “carless commute” in mind.

35-year-old Jayma Koval lives in Lake Claire. Rather than get in a car, she rides MARTA daily from the Candler Park/Edgewood station to her job in Midtown Atlanta.

Read more
Business
6:45 am
Mon October 13, 2014

Cartoon Network Launches Micro Network

Cartoon Network Anything is solely based for tablets and smartphones.
Credit CN Anything App

  Cartoon Network is taking programming to a different level.

The Atlanta-based company has debuted a micro-network just for its tablets and smartphones.

It's called Cartoon Network Anything and it offers a constant stream of exclusive, random content which lasts less than 15 seconds.

Read more
Business
6:00 am
Tue October 7, 2014

State's High Court Sides With Brookhaven In Pink Pony Lawsuit

Credit Michelle Wirth/WABE News

If the Pink Pony wants to remain a totally nude strip club that sells alcohol it will have to relocate. That’s based on a Georgia Supreme Court ruling Monday in favor of the city of Brookhaven. In the ruling, the court upheld a lower court decision dismissing the lawsuit. The strip club sued Brookhaven after the newly created city passed a law last year prohibiting completely naked dancing combined with alcohol.

Read more
Business
1:00 pm
Fri October 3, 2014

Retailers, Shippers Preparing for Christmas Season

There's a push to try to make the holiday shopping season move more smoothly this year.
Credit usdailyreview.com

It’s early October... but many retailers already have the holidays on their minds. 

That's because there were a lot of Americans who didn't get their Christmas presents on time last year.

Mother Nature was partly to blame for those problems.

“There was a perfect storm, no pun intended.  A short calendar and a terrible winter, of course, made the situation a lot harder for retailers and their business partners,” says National Retail Federation spokeswoman Kathy Grannis.

However, there was another big reason for late deliveries.

Read more
Airlines and Aviation
1:25 pm
Tue September 30, 2014

Dallas-Love Field Denies Delta

Since 2008, Delta has flown directly from Atlanta to Dallas-Love Field, the city's in-town airport. In two weeks, it must stop that service.
Credit Courtesy: Aviationblog.Dallasnews.com

(Note: This updated version includes link to letter the City of Dallas gave Delta, as well as statement from Delta Air Lines.)

In two weeks, Atlanta-based Delta Air Lines will have to halt its five daily flights to Dallas-Love Field, the city's in-town airport.

To understand why, you have to venture back 35 years.

In 1979, an obscure law called the Wright Amendment became federal law. Part of its purpose was to keep the newer, bigger Dallas-Ft. Worth International Airport busy.

Read more
Business
8:13 pm
Thu September 25, 2014

Georgia's Conflicting Job Numbers: A Conversation with GSU Economic Forecaster Dr. Rajeev Dhawan

Dr. Rajeev Dhawan, director of the Economic Forecasting Center at Georgia State University's Robinson College of Business.
Credit Georgia State University/Robinson College of Business

  On Thursday, September 25, 2014, the state Labor Department announced the unemployment rate in metro Atlanta ticked up a tenth of one percent from July to August, to 8%.  Meanwhile, the state of Georgia has the highest unemployment rate of any state in the nation, at 8.1%.  Yet, other measures show Georgia is among the nation's leaders in creating new jobs.  So can both of these seemingly contradictory measures be true?  To sort it out, WABE's Denis O'Hayer spoke with Dr.

Read more
Business
1:09 pm
Tue September 23, 2014

UPS Store Adding More 3-D Printing Locations

The UPS Store plans to offer 3-D printing in almost 100 locations nationwide, including one in the Atlanta area.
Credit The UPS Store

The UPS Store is adding 3-D printing services to dozens more of its locations nationwide

The subsidiary of UPS says this comes following last year’s successful pilot program. 

Right now, there’s only one store right now in Georgia with this service, and it's located on Ashford Dunwoody Road in metro Atlanta.

Read more
Prices Down Again
1:48 pm
Mon September 22, 2014

Gasoline: Less than $3 a Gallon Again?

Georgia gas prices are down for the seventh week in a row, and analysts say they are likely to keep going down.

We are currently enjoying the highest level of domestic oil production in 25 years, and that is the main reason prices at the pump are plummeting according to AAA’s Josh Carrasco. “That, and in the fall time, we generally see less people traveling, and that tends to drive the price down,” said Carrasco. “Also we’ve switched over to winter blends which are cheaper for refineries to produce.”

Read more
Business
4:13 pm
Fri September 19, 2014

Labor Bureau: Georgia's Unemployment Highest In The Nation

The U.S. Department of Labor’s Bureau of Labor Statistics Friday gave Georgia some bad news in the form of its monthly employment reports for August.

According the report, the state now has the highest unemployment rate in the nation.

Georgia’s unemployment rate jumped to 8.1 percent, up from 7.7 percent in July. It’s nearly back to the 8.2 percent unemployment rate from one year ago.

The figures have made their way into this year’s governor’s race, in which the economy has become a key issue for both candidates.

Read more
Business
5:40 pm
Thu September 18, 2014

A Decade in the Making, Buckhead Atlanta Opens

Dene Oliver, Atlanta Mayor Kasim Reed, and former Atlanta mayor and current president of Buckhead Coalition, Inc., Sam Massell, pose for cameras before installing a commemorative brick at Buckhead Atlanta.
Credit Katie King / katiekingphotography.com

Buckhead Atlanta, a luxury development project started nearly a decade ago as "Streets of Buckhead," finally opened Thursday.

As the elite and wealthy gathered for the celebration, a quartet played the Stevie Wonder song, “Signed, Sealed, Delivered.” It seemed fitting for a project some thought would never happen.

“Today, Buckhead Atlanta goes from being the developer’s project to being the community’s destination,” said Hunter Richardson, an executive with project developer OliverMcMillan.

Read more
Business
7:19 am
Thu September 18, 2014

Georgia Unemployment Rate Increased in August

The Georgia Department of Labor reports the state's unemployment rate for August rose slightly from the previous month.
Credit Georgia Dept. of Labor

The state’s seasonally adjusted unemployment rate for August was 8.1%, according to the Georgia Department of Labor.

That’s up from 7.7% in July, but down from 8.2% from August 2013.

Read more
Business
7:56 pm
Tue September 16, 2014

Name of New Home of the Braves, SunTrust Park: Why Companies Pay Big Money for Naming Rights

Chris Lemley, instructor in the marketing department at Georgia State University's Robinson College of Business
Credit Georgia State University-Robinson College of Business

On Tuesday, September 16, 2014, state and local business and political leaders joined officials of the Atlanta Braves at the groundbreaking for the new Braves stadium in Cobb County.  

At the ceremony, team officials announced they had sealed a 25-year deal with Atlanta-based SunTrust Banks for the naming rights to the new ballpark.  It's the latest in a string of deals sports teams have made with big companies for the rights to put the companies' names on the teams' stadiums.  

Read more
Airlines and Aviation
1:08 pm
Thu September 11, 2014

Delta, AirTran At Top of On-Time Performers

A Southwest Airlines B-737 taxis past a Delta jet parked at Atlanta's Hartsfield-Jackson International Airport.
Credit Jim Burress / WABE News

Atlanta-based Delta Air Lines was among the best at getting passengers to their destinations on-time in July, the U.S. Department of Transportation said.

Delta was on time 86% of the time.  That’s second only to Hawaiian.

AirTran ranked fourth, at 83%. 

Southwest, which is in the final stages of absorbing AirTran, was next-to-last at about 69%.   

Read more
Business
12:13 am
Thu September 11, 2014

Small Business Optimism Improves, Still Low

Credit tcbmag.com

Small business owners are becoming more optimistic about the economy, according to a newly-released survey from the National Federation of Independent Business.

Even so, there's a continued concern among small business operators that times aren't as good as they should be. 

Even as economic indicators like unemployment and housing starts improve, small business owners feel the economy isn't rebouing as quickly as they'd like.

Read more
Business
2:43 pm
Wed September 10, 2014

UPS Pilots say Company Puts Safety Second

The NTSB concluded pilot error caused UPS flight 1354 to crash on approach to Birmingham, Al in August, 2013.
Credit Courtesy: NTSB

Pilot error, not fatigue, was the main reason a UPS cargo jet crashed at Birmingham’s airport last year, according to a National Transportation Safety Board investigation.

The report finds the pilot and co-pilot maintained an “unstable approach” as they attempted to land. Pilots also failed to properly monitor altitude, the NTSB says.  Together, those factors caused the Airbus A-300 to crash off Birmingham’s runway 18, killing both crew members.

Read more
Business
6:22 am
Mon September 8, 2014

Chick-fil-A Founder Cathy Dies at 93

Chick-fil-A founder S. Truett Cathy in 2006.
Credit Chick-fil-A Inc.

An Atlanta icon, known for providing a "taste of the South" to the rest of the nation, has died.

Chick-fil-A founder S. Truett Cathy died early Monday morning, according to a written statement issued by the restaurant chain.

The native of Eatonton, Georgia moved to Atlanta when he was four, and attended Boys High, now known as Grady High School.

Read more
99-Year Lease to Developer
4:48 pm
Thu September 4, 2014

Oglethorpe University to Lease Part of Campus for Mixed Use Development

This is a rendering of the Gables complex at Oglethorpe University from Hermance Drive with a view toward the university campus.
Credit Oglethorpe University

Atlanta’s Oglethorpe University is leasing seven acres of its campus to a developer for a multi-use complex.

The Gables Residential Company will build luxury apartments for students and non-students.

In addition to the rental units, fitness center and parking, for all residents, the complex will have a classroom suite for Oglethorpe.

Read more
Business
4:15 pm
Thu September 4, 2014

Home Depot Goes Deeper into Hacking Investigation

Home Depot continues to investigate a possible computer hacking incident.
Credit Evan Jang / WABE

Today, the news agency Reuters reported Atlanta-based retailer The Home Depot has been in contact with the U.S. Secret Service about the potential security breach of its customers’ credit card information.

When asked to confirm the Reuters report, a company spokeswoman told WABE The Home Depot is not doing any interviews at this point. The spokeswoman referred back to the company’s statement, which it updated late yesterday.

Read more
Airlines and Aviation
2:15 pm
Wed September 3, 2014

Delta Exec Predicts Income of $4 Billion

One way Delta is reducing costs is by phasing out small, regional jets like the one pictured. In their place, Delta is using larger and more efficient jets.
Credit Courtesy: Wikimedia.org

Delta CFO Paul Jacobson says the airline expects to earn $4 billion in pre-tax income this year. That’s a billion and half more than last year, which was the best in Delta's history.

Speaking Wednesday from Boston via webcast, Jacobson inserted some long-term caution with his optimism.   

“Clearly, a level of growth that long-term may not be sustainable,” he said.

But right now, the gettin' is good. 

Read more
Business
7:51 am
Wed September 3, 2014

Home Depot Investigating Possible Security Breach

The Home Depot might have been hacked.
Credit Home Depot

There’s a chance one of the nation’s biggest companies has fallen victim to a hacking incident.  

In a written statement on its website, Home Depot says it is looking into “unusual activity that might indicate a possible payment data breach.”

The Atlanta-based business says it is cooperating with law enforcement officials and banks to try to get to the bottom of this matter.

Read more
Business
11:14 am
Thu August 28, 2014

Georgia Welcomes Fourth Kroger Marketplace

The new Kroger Marketplace debuted in Athens, GA this week.
Athens Clarke County Economic Development Department

Bulldog Nation has a new place for its tailgating needs.  

The Kroger Company opened a Kroger Marketplace in Athens on Wednesday.  

Read more
Business
12:42 pm
Wed August 27, 2014

Ten-Acre Development Proposed for Piedmont/Lindbergh Area in Buckhead

A view of the proposed Lindbergh Place development.
Credit Fuqua Development / Special to WABE

One local developer is hoping the second time is the charm.

Fuqua Development has proposed a 10-acre project near the Lindbergh MARTA station.

  The plan includes an 80,000 square foot Kroger Fresh Fare.

Read more
Business
11:32 am
Thu August 21, 2014

Security Breach at Four UPS Stores in Georgia

Four Georgia UPS Stores Inc. are linked to a security breach.
Credit The UPS Store Inc.

From January through August, customer information at 51 UPS Stores in 24 states may have been compromised.

“We under that this type of incident can be disruptive and we apologize for any anxiety that this has caused,” says UPS Store spokeswoman Chelsea Lee.

Read more
Business
6:00 am
Wed August 20, 2014

Redevelopment Of Fort Gillem Gets Started

Redevelopment of a portion of the former Fort Gillem base in Forest Park gets underway. A Kroger distribution center is scheduled to open on the property in Fall of 2015.
Credit Michelle Wirth / WABE

A groundbreaking ceremony for a more than one million square foot distribution center for Kroger took place Tuesday on a former army base in Forest Park. State and local leaders say it’s the first step to turning the Fort Gillem property into a major distribution hub for the metro area and the Southeast.

  Rain poured as state lawmakers, local leaders, Kroger executives and Governor Nathan Deal gathered at the former army base for the groundbreaking. Governor Deal said locating the center on the more than 1,000 acre Fort Gillem property is a major accomplishment.  

Read more
Business
12:46 am
Thu August 14, 2014

Small Biz Optimism Up, Kinda

Small business owners think the economy is improving, if only slightly.

The National Federation of Independent Business latest survey shows small business owners’ optimism rose a fraction of a percent in July to 95.7.

The NFIB sampled 1,645 random small businesses.

WABE sampled two, including Jake Rothschild, founder of Jake’s Ice Cream at the Irwin Street Market.

Read more
Business
6:00 am
Wed August 13, 2014

Georgia Chamber Supports Including Atlantic In Plan That Could Lead To Offshore Drilling

Credit Georgia Chamber

The Georgia Chamber is in favor of including the Atlantic Continental Shelf in the U.S. Interior Department's five-year lease plan for oil and natural gas between 2017 and 2022. The Atlantic Continental Shelf includes the area off Georgia’s coast and has been closed to offshore drilling and exploration for more than 30 years.

Read more

Pages