Business

A Closer Look
11:27 am
Thu July 30, 2015

Greece Struggles To Restructure Debt As Deadline Nears

The Greek flag, right, stands next to the European Union flag with the iconic Parthenon visible in the background. Greece is struggling to address its soaring debt problems as its future in the European Union remains uncertain.
Credit Petr David Josek / AP Photo

The Greek government is swimming in debt and can’t pay its creditors. European finance officials are trying to work out a $95 billion bailout, the third, for the financially strapped nation.

Talks on the bailout among the Greek government, the European Commission and the International Monetary Fund have been fractured and contentious in recent weeks.

It’s a complicated situation, but Atlanta resident and Greek-American Rom Papadopoulos said during an interview on “A Closer Look,” that he has faith that Greece will be able to overcome the economic chaos.

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Commentary
2:32 pm
Wed July 29, 2015

MARTA Commuter Rail Possible For Clayton County

Passengers boarding a MARTA train in Atlanta ─ something Clayton County residents hope is in their future.
Credit Scott Ehardt / Wikipedia

MARTA buses have been rolling in Clayton County since March, but what the county really wants is commuter rail.

The good news is that MARTA is working on it.

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Business
2:24 pm
Tue July 28, 2015

Decatur Water Boil Advisory Negatively Affects Businesses

The Slide in the City event, expected to bring thousands of people to Decatur, was shut down due to DeKalb County's water problems.
Credit IQRemix / flickr.com/IQRemix

A water boil advisory that was in effect for three days in DeKalb County hurt some local businesses.

The county issued the advisory because crews had to drop the water pressure three times within 36 hours to repair a transmission line that broke late Thursday. It all started last week when a fire hydrant was struck by a crew that was mowing the grass along the road near the transmission line at Henderson Mill and Evans Road.

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Business
2:12 pm
Tue July 28, 2015

Tyler Perry's Army Base Plans Could Include Museum, Amphitheater

Tyler Perry may be building a museum and amphitheater on the Fort McPherson property he bought recently.
Credit Evan Agostini/Invision / Associated Press

Filmmaker Tyler Perry's plans for a sprawling movie studio at Fort McPherson may include an amphitheater and a museum, according to documents obtained by an Atlanta newspaper.

A map provided to the U.S. Army shows the amphitheater and museum, but gives little other information, The Atlanta Journal-Constitution reports. Perry, who acquired most of the closed Army post in June, has said the studio will feature tours but has been otherwise silent on any public aspects of the project.

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Business
5:56 pm
Fri July 24, 2015

WellStar In Talks To Buy Tenet Hospitals In Georgia

Wellstar is in talks to buy five Tenet hospitals in Georgia.
Credit WellStar Health System

WellStar Health System says it’s in discussions with Tenet Healthcare to buy Tenet's five hospitals in Georgia.

Tenet, a for-profit company that operates 81 hospitals nationwide, has been considering selling its facilities in Georgia, according to an earnings call with analysts earlier this year.

Hospitals have been looking to scale their operations as part of a bigger trend in the industry, but the lack of Medicaid expansion in Georgia could also be another factor for Tenet's sale, said Chris Kane, principal at DHG Healthcare.

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A Closer Look
4:30 pm
Wed July 22, 2015

KSU Professor: Coke Feeling The Pressure Over FIFA Scandal

Germany celebrates after scoring a third goal during the World Cup semifinal soccer match on July 8, 2014. Major sponsor Coca Cola is urging FIFA to clean up its scandal-plagued governing body.
Credit Matthias Schrader / AP Photo

The Confederation of North, Central American and Caribbean Association Football, or CONCACAF, Gold Cup semifinals begin today in downtown Atlanta with a sold-out first match between the U.S. and Jamaica in the Georgia Dome.

CONCACAF is the organization that oversees soccer in North America, Central America and the Caribbean. It's affiliated with FIFA, the sport's international governing body.

FIFA has been embroiled in controversy in recent months over recent corruption charges among top leaders at the organization and allegations of human rights abuses in Qatar.

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Business
11:27 am
Mon July 20, 2015

New Harper Lee Book Already A Million Seller

Harper Lee’s “Go Set a Watchman” is a million seller.
Credit Lisa George / WABE

 

    

Critics dismissed it as a rough draft for "To Kill a Mockingbird" and readers despaired over an aging, racist Atticus Finch.

But Harper Lee's "Go Set a Watchman" is still a million seller.

HarperCollins announced Monday that "Go Set a Watchman" has already sold 1.1 million copies in the U.S. and Canada, a figure which includes first-week sales and months of pre-orders. The publisher stunned the world in February when it revealed that a second novel was coming from Lee, who had long insisted that "To Kill a Mockingbird" would be her only book.

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Business
4:02 pm
Tue July 14, 2015

In Atlanta, Fingerprint Scanner Tested On Foreign Travelers

Federal authorities are testing a mobile device used to scan fingerprints from a sample of foreign air travelers as they depart from the United States through Atlanta's airport.

U.S. Customs and Border Protection spokeswoman Jennifer Evanitsky said Tuesday that officers began using the devices last week to scan fingerprints and passports of some foreign passengers on selected flights at Hartsfield-Jackson Atlanta International Airport.

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Business
12:33 pm
Tue July 14, 2015

Atlanta's Airport Receives Bond Ratings Upgrade

Hartsfield-Jackson International Airport has received a bond ratings upgrade from Fitch Ratings. The cost savings will help the airport pay for future projects such as a parking deck expansion.
Credit Victor Villanueva / flickr.com/bikoy

Atlanta’s airport has received a bond ratings upgrade from Fitch Ratings.

This week, the agency boosted two of the airport’s bonds from an A to an A+.

Hartsfield-Jackson Atlanta International Airport’s Chief Financial Officer and Deputy General Manager, Roosevelt Council, says upping those bond ratings, which represent the corporation's bond credit quality, will save the airport millions of dollars in borrowing costs. He says that the cost savings will help Hartsfield-Jackson pay for current and future projects. 

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A Closer Look
4:03 pm
Fri July 10, 2015

Old Doraville Assembly Plant Mostly Gone, Film Studio Coming

This is rendering of the design planned for the site where General Motor's old Doraville Assembly Plant on I-285 once stood. Part of the development involves a major media complex.
Credit Courtesy of The Integral Group

    

The old General Motors Doraville plant along Interstate 285 near Peachtree Industrial Boulevard is mostly gone and a new development at the site is taking shape.

The Integral Group is part of the team leading the development, which includes Third Rail Studios as the anchor for a new media complex, called Assembly, after the old factory it’s replacing.

Project Executive with Integral Eric Pinckney explained during an interview on “A Closer Look” how developers sold Third Rail on the project.

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Business
3:48 pm
Thu July 9, 2015

Blue Bell Creameries To Begin Trial Runs At Alabama Plant

Blue Bell is beginning a trial run of ice cream production after listeria contamination forced production to shut down.
Credit Sarah Richter / flickr.com/sarowen

Blue Bell is beginning a trial run of ice cream production at its Alabama plant after a national recall that followed a series of listeria illnesses.

Alabama Health Officer Don Williamson said Wednesday the company notified the department that it will begin a trial run of production later this month. The ice cream will not be sold to consumers. Williamson says both state health officials and Blue Bell will test the product for listeria.

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A Closer Look
6:00 pm
Wed July 8, 2015

Ga. Commissioner Of Labor Speaks On The State’s Job Growth

Former student Nathaniel Simmons operates a crane during a day of training at Georgia College of Construction.
Credit Branden Camp / Associated Press

The job numbers in Georgia are released every month to inform people about the status of Georgia's unemployment rate. However, the job numbers can be inaccurate and they may not always help job seekers get their first and second interview.

On "A Closer Look," Georgia Commissioner of Labor Mark Butler discussed the various trends in employment and the improvement he wants people to know about the Georgia's job market.  

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Business
12:13 pm
Wed July 8, 2015

Glitch Halts Trading On New York Stock Exchange

 

Trading was halted on the New York Stock Exchange in the late morning because of a technical issue.

The halt occurred at about 11:30 a.m. Eastern time Wednesday.

The exchange said in a statement that it was experiencing a "technical issue" that it was working to resolve as quickly as possible.

Before trading was halted, U.S. indexes were lower as investors worried about China's ability to stem a stock market slide.

The Dow Jones industrial average was down 215 points, or 1.2 percent, to 17,561.

Technology
4:30 pm
Tue July 7, 2015

UPS Testing Electric Tricycles In Switzerland

These electric cargo bikes are already being used in Hamburg, Germany, but if the pilot program in Basel is successful, you may soon be seeing more of these cargo bikes in other cities.
Credit ups.org

Atlanta-based United Parcel Service is testing out a tricycle delivery bike in Switzerland that could carry up to 330 pounds. 

The bike is picking up packages and delivering mail through downtown Basel, Switzerland this summer for four weeks. 

The bike is only three feet wide and UPS says its size will save the company time and money because its easier to park than its standard trucks. 

These bikes are already being used in Hamburg, Germany, but if the pilot program in Basel is successful, you may soon be seeing more of these cargo bikes in other European cities.

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A Closer Look
11:13 am
Fri July 3, 2015

Study Co-Author: More Black Women Seek Leadership Roles At Work

Tai Green, co-author of the study ''Black Women Ready to Lead,'' talks about her research on black women pursuing powerful corporate positions in the U.S.
Credit Courtesy of the Center for Talent Innovation

One of the challenges that people face today in the business world is climbing the corporate ladder.  

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Business
4:10 pm
Wed July 1, 2015

Largest Southern Co. Subsidiary Enters Rooftop Solar Market

The largest Southern Co. subsidiary is starting to sell and install solar panels on residential rooftops.

Georgia Power says it will provide interested customers information on whether solar panels are viable for their homes.

Afterward, customers can buy the equipment and installation services from a Georgia Power company or make the purchase through an independent firm.

It's the first time a Southern Co. subsidiary has entered the residential solar market.

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Business
1:35 pm
Tue June 30, 2015

Mayor Reed Visits Cuba To Make Atlanta A 'Business Gateway'

A man purchases mangoes from a local vendor in Havana. Mayor Reed says he wants Atlanta to become a business gateway for Cuba. Photos from an earlier trip to Cuba with Atlanta academics in April 2015, organized by the World Affairs Council of Atlanta.
Courtesy of the World Affairs Council of Atlanta

Atlanta Mayor Kasim Reed, Councilman Kwanza Hall and Atlanta business leaders are in Cuba this week.  

They're on a mission to make Atlanta a "business gateway" for Cuba.    

Mayor Reed has said Atlanta doesn't have the baggage that Florida does with its history and large Cuban-American community, which mostly opposes normalizing relations with Cuba. 

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A Closer Look
6:01 pm
Mon June 29, 2015

Study Shows Same-Sex Marriage May Boost Ga. Economy

Rujira Roongruang prepares wedding cake for Robin Tyler and Diane Olson's wedding. According to M.V. Lee Badgett, that Georgia's economy will be boosted by nearly $80 million.
Credit Bilerico Project / flickr.com/Bilerico Project

After last week's ruling of the U.S. Supreme Court's decision to legalize same-sex marriage, some supporters have rushed to the altar to announce their wedding vows to their same-sex partners.

The possibility of an increase in marriage has some analysts seeing big boosts to the state economy. A 2014 study released by the Williams Institute of UCLA estimated that Georgia will see an increase in revenue and job opportunities from the legalization of same-sex marriage. 

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Business
1:12 pm
Thu June 25, 2015

Georgia No Longer Ranks No. 1 For Business, CNBC Says

Georgia’s best category in CNBC's annual Top States for Business was infrastructure, which included having the world’s busiest airport, home to its top private employer, Delta Airlines.
Credit John Bazemore / AP Photo, File

After a year at the top, Georgia can no longer claim to be the best state in the U.S. for business. 

On Wednesday, CNBC bestowed the honor on Minnesota in its annual "Top States for Business" rankings. The state moved up from its previous sixth-place showing.  

In crowning Georgia No.1 in 2014, CNBC praised the state for being home to “the nation’s best workforce and the top infrastructure.”

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Commentary
12:53 pm
Tue June 23, 2015

Atlanta Vying For More Federal Funds To Extend Streetcar Line

The city of Atlanta is vying for a federal grant to help it extend its streetcar route to the BeltLine.
Credit Alison Guillory / WABE

The city of Atlanta is applying for a $29.3 million federal TIGER 7 grant to extend the Atlanta Streetcar to the BeltLine. Although Atlanta will be facing tough competition for those federal dollars, city leaders believe they have a good case.

The city has been pretty successful in getting funding from the Obama administration. It received $47 million for the first phase of the Atlanta Streetcar, which started operating Dec. 31.

Now the city hopes it will succeed again.

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Business
12:00 pm
Tue June 23, 2015

Ride-Hailing Apps Get Kids Around Town When Parents Are Busy

This product image provided by Shuddle shows screens from ShuddleMe, an app that lets eight- to 16-year-old kids who need to get to school, a sporting event or a social activity book a ride themselves within an hour of when the service is needed. Before this, parents had to arrange for the car, and do so at least a day in advance.
Credit Shuddle / Associated Press

A ride-hailing service that caters to youngsters is allowing them to book their own rides when mom and dad are too busy to drive.

Shuddle is one of a number of new companies that provide rides to eight- to 16-year-old children who need to get to school, a sporting event or a social activity. On Tuesday it's introducing ShuddleMe, an app that lets the kids book the ride themselves within an hour of when the service is needed.

Before this, parents had to arrange for the car, and do so at least a day in advance. ShuddleMe still requires parental approval.

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Business
11:05 am
Tue June 23, 2015

Wal-Mart Removing Confederate Flag Items From Stores, Online

Wal-Mart says it is removing any items from its store shelves and website that feature the Confederate flag.
Credit Jeff Chiu / Associated Press

Wal-Mart says it is removing any items from its store shelves and website that feature the Confederate flag.

The announcement by the world's biggest retailer Monday comes as the shooting deaths of nine people at a historic black church in Charleston, South Carolina, have reignited the debate over the flag's symbolism. The white suspect in the shooting, Dylann Storm Roof, appeared in photos holding the banner.

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Business
8:35 am
Fri June 19, 2015

Brazilian Information Technology Company Expanding In Ga.

A Brazilian information technology company is planning to expand its office in Atlanta and create hundreds of jobs.

Gov. Nathan Deal said in a statement Wednesday that São Paulo, Brazil-based Stefanini is looking to create 400 new jobs by the end of 2016.

Officials say the company has operated in Georgia for 10 years and is one of the largest IT employers in the area.

Officials say the company has more than 600 clients in industries including financial services, manufacturing, telecommunications and more.

A Closer Look
5:21 pm
Wed June 17, 2015

Ga. Hoping General Electric Will Call State Its Home

Several Georgia leaders are hoping the state will win in GE's potential search for a new headquarters location.
Credit Chuck Miller / www.flickr.com/Chuck Miller

General Electric Co. has set up a committee to explore moving its corporate headquarters out of Connecticut, following the legislature's decision to increase taxes on the state's major businesses.  Georgia leaders quickly expressed interesting in having GE relocate to the Peach State – to join the growing number Fortune 500 companies calling Georgia their home each year.

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Business
3:40 pm
Fri June 12, 2015

Sage To Add 400 Jobs At New Headquarters In Midtown Atlanta

Mark Scheipe is Sage North America's chief financial officer. He announced Friday morning that the company will add 400 jobs at its new headquarters in midtown Atlanta.
Credit Tasnim Shamma / WABE

A United Kingdom-based software company, Sage, said it’s moving its North American headquarters from Lawrenceville to midtown Atlanta.

Sage also said it's adding 400 jobs, mostly in sales and marketing, and building a 75,000-square-foot innovation center at Atlantic Station.

“As a global technology company, we clearly looked at the San Francisco Bay area, Boston, Austin, etc.," said Mark Scheipe, Sage North America's chief financial officer.

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A Closer Look
3:35 pm
Tue June 9, 2015

CEO: Fiscal Health of Southern Regional Hospital ‘Dire’

Southern Regional Medical Center in Riverdale is working to keep its doors open. The hospital's CEO says ''We're a strong community hospital,'' but ''We are struggling.''
Credit Google Earth

Southern Regional Medical Center in Riverdale is on the edge of financial disaster.

The hospital recently announced plans to cut 80 jobs and now the hospital’s CEO, Kim Ryan, has confirmed the facility is in danger of closing its doors, if it doesn’t receive more financial help.

Ryan said during an interview on “A Closer Look” that Southern Regional, which is managed by Emory Healthcare, needs $6 million in capital by the first week of July just for starters.

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Business
12:05 pm
Mon June 8, 2015

Cobb County Airport To Add International Arrivals

Cobb County International Airport-McCollum Field will open an $800,000 customs facility on June 25.
Credit Alison Guillory / WABE

Cobb County’s airport will soon offer international arrivals for small planes and corporate jets. Later this month, an $800,000 customs facility will open at McCollum Field.

The 2,900-square-foot structure includes waiting and inspection areas, a holding cell and an interview room.

Karl Von Hagel is the airport’s manager. He says adding customs will help businesses in Cobb County.

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Business
8:50 am
Thu June 4, 2015

Information Security Company Moving Headquarters To Atlanta

An information security company is planning to move its international headquarters to the metro Atlanta area.

Gov. Nathan Deal said in a statement that Courion is planning to move its international headquarters to Roswell and create more than 100 new jobs over the next two years.

Officials say Courion provides identity protection, analytics, intelligence services and more to a customer base of more than 600 organizations around the world.

Commentary
12:34 pm
Wed June 3, 2015

Atlanta's New Planning Commissioner Should Be Allowed To Plan

Tim Keane of Charleston, South Carolina, will be Atlanta's new commissioner of planning and community development. This April 23, 2015, photo shows a horse-drawn carriage moving through the historic district in Charleston, South Carolina.
Credit Bruce Smith / Associated Press

Atlanta Mayor Kasim Reed announced May 28 that he has selected Tim Keane of Charleston, South Carolina, as his new commissioner of planning and community development. The city has been without a permanent commissioner since last September, when James Shelby abruptly resigned. Atlanta has an opportunity with the selection of Keane, who still must be approved by the City Council.

Few American cities are as endearing as Charleston, South Carolina.

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Desserts
5:03 pm
Mon June 1, 2015

King Of Pops Finds Sweet Sales On Atlanta’s Streets

King of Pops co-founder and CEO Steven Carse sitting on one of his vending carts. His business has grown from one vending cart on one street corner to many carts and many sites.
Credit Courtesy of Jason Travis

The Atlanta-based fruit pop cart vendor King of Pops is turning into a profitable venture for the Carse family. The popsicle maker is seeing a sweet sales growth.

Co-founder and CEO Steven Carse first thought of the idea for the business while on a trip to Central America with his two brothers. They fell in love with paletas –a style of Latin-American ice pop – during their travels.

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