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30 июля, 2010 21:52
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Georgia gets FEMA flooding aid
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Disaster relief funding is on its way for metro Atlantans who lost their properties in last fall’s flooding The federal government’s $51 billion in supplemental Federal Emergency Management Agency funding singed by President Barack Obama includes $333 million for property buyouts in the Atlanta suburbs The projects include about 120 Atlanta-area...
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30 июля, 2010 21:52
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Разное
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Georgia-Pacific acquires Ala. pulp mills
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Georgia-Pacific completed its deal to buy Parsons & Whittemore's Alabama River and Alabama Pine pulp mills in Perdue Hill, Ala, for an undisclosed amount The deal includes the assets of the pulp mills, Alabama River Woodlands, the tall oil plant, the biodiesel plant, the chip mills at Elba and Jacksons Gap, Ala, and a pulpwood yard at Demopolis,...
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30 июля, 2010 17:32
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Разное
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UPS opening new packaging/sorting facility in Oregon
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United Parcel Service Inc invested $86 million to expand its package sorting and delivery facility in Portland, Ore The Atlanta-based package shipper said the Swan Island building project doubles the capacity of its older building and now spans 46 acres The new building covers 263,488 square feet; can accommodate up to 265 delivery trucks and can...
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30 июля, 2010 17:32
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Разное
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Jasper bank put under cease and desist order
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The Federal Deposit Insurance Corp put Community Bank of Pickens County in Jasper, Ga, under a cease-and-desist order By signing the consent order, the bank neither admitted nor denied the citations of unsafe and unsound banking practices listed Consent orders are strong formal censure agreements between regulators and a troubled bank Under the orders,...
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30 июля, 2010 17:32
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Разное
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Coke to refile with FTC for CCE deal
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The Coca-Cola Co said Friday it pulled and will refile notifications and reports with the Federal Trade Commission to give the federal government more time to review its proposal to buy Coca-Cola Enterprises Inc’s North American bottling business Atlanta-based Coca-Cola will do the same with Canadian authorities Coca-Cola (NYSE: KO) will refile...
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30 июля, 2010 17:32
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Разное
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Vet convention to bring 9,000 to GWCC
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The Georgia World Congress Center will host more than 9,000 veterinary professionals over the weekend and into next week for the American Veterinary Medical Association's (AVMA) annual convention AVMA’s event for vets and pets will run from July 31 to Aug 3 Veterinary experts from around the world will discuss animal welfare, stem cell therapy,...
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29 июля, 2010 18:22
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Разное
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Transcend Services Q2 profit dips
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Charges related to an unsuccessful takeover bid helped drag down Transcend Services Inc’s net income in the second quarter The Atlanta-based provider of medical transcription services (NASDAQ: TRCR) reported net income of $16 million and earnings of 15 cents a share, compared with net income of $18 million and earnings of 20 cents a share in...
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29 июля, 2010 18:22
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Разное
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Cumulus Media net income shrinks
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Cumulus Media Inc’s profit dropped 126 percent in the second quarter The Atlanta-based radio station owner and operator had net income of $123 million and earnings of 29 cents a share, compared with net income of $141 million and earnings of 34 cents a share in the second quarter of 2009 Second-quarter revenue rose 57 percent to $697 million...
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29 июля, 2010 18:22
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Разное
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CryoLife posts $2.9 million Q2 profit
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CryoLife Inc’s net income was up 16 percent in the second quarter The Kennesaw, Ga-based biomaterials, medical device and tissue processing company (NYSE: CRY) posted net income of $29 million and earnings of 10 cents a share, compared with net income of $25 million and earnings of 9 cents a share for the second quarter of 2009 In the second...
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29 июля, 2010 18:22
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Разное
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Derivatives drag on FHLBank Atlanta
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Federal Home Loan Bank of Atlanta said Thursday its second-quarter profit fell some $177 million after losses on derivatives The bank had net income of $75 million, down from net income of $192 million for the second quarter of 2009 The decrease was due primarily to the recording of $58 million in net losses on derivatives and hedging activities during...
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29 июля, 2010 18:22
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Разное
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Atlanta has sixth-most foreclosures through Q2
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Georgia and metro Atlanta were both in the top 10 for most foreclosures in the first half of 2010 According to RealtyTrac, the state had the sixth highest number of foreclosures at 71,949 and the metro area had the seventh highest at 52,381 for the first half of the year Georgia’s foreclosures were up 276 percent and metro’s Atlanta’s...
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29 июля, 2010 18:22
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Разное
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Agnes Scott alum pledges $2.5 million
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Agnes Scott College alum Elizabeth “Libby” Rhett Jones and her husband Gary T Jones have pledged $25 million to the college -- the second-largest gift ever to the college from a living donor Jones said she and her husband feel strongly that Agnes Scott is poised to become a nationally recognized leader among liberal arts colleges “It’s...
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29 июля, 2010 18:22
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Разное
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Mortgage rates fall for sixth straight week
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Long-term mortgage rates fell for the sixth straight week this week Freddie Mac (OTC BB: FMCC), which has offices in Atlanta, said the average rate on a 30-year fixed-rate mortgage was 454 percent in the week ending July 29 A 15-year fixed-rate mortgage fell to 40 percent Those are the lowest rates since Freddie Mac began keeping track A one-year...
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29 июля, 2010 18:22
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Разное
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Jobless Georgians getting extended UI benefits
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The checks are in the mail Some 90,994 jobless Georgians will get their small portion of $762 million in unemployment insurance benefits after President Barack Obama extended the program last week The Georgia Department of Labor transmitted benefit payments made through direct deposit on July 28 Checks were mailed July 29 “These resources will...
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29 июля, 2010 18:22
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Разное
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Delta leads way as airlines’ profits soar
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Airlines may have been pounded financially for the past decade, but changes to their business models over the past couple of years helped make the second quarter one of the best earnings seasons in the industry’s history According to AirlineFinancialscom, the nine largest airlines collectively reported $186 billion in profits on $317 billion...
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29 июля, 2010 18:21
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Разное
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DOT spreading word on multi-year contract plan
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The Georgia Department of Transportation is off to an early start educating voters on a constitutional amendment that would let the agency enter into multi-year contracts for highway and transit projects The DOT has launched a Web site calling attention to the proposal, which will be on the statewide ballot in November, Brandon Beach, chairman of...
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28 июля, 2010 22:31
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Разное
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BP has spent $4 billion to counter oil spill
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BP plc said Tuesday it has spent nearly $4 billion on the response to the oil spill in the Gulf of Mexico Of that figure, $256 million went to claims to those who have lost income or net profits as a result of the Gulf oil spill And the British oil giant said it expects it will pay at least another $60 million in advance payments next month "Our...
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28 июля, 2010 22:31
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Разное
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Emory taps Siemens for energy/water retrofits
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Emory University will pay Siemens Industry Inc $48 million to retrofit campus buildings to ramp up energy efficiency and trim water consumption The project is part of the Atlanta university’s goals to cut energy use 25 percent per square foot by 2015 from 2005 levels The first phase of the project includes installing energy efficient building...
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28 июля, 2010 22:31
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Разное
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Interface profit spikes
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Strong sales helped Interface Inc to double its second-quarter profit The Atlanta-based floorcoverings company (NASDAQ: IFSIA) had net income of $8 million and earnings of 12 cents a share, compared with net income of $38 million and earnings of 6 cents a share in the second quarter of 2009 Second-quarter sales rose 72 percent to $2266 million "We...
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28 июля, 2010 22:31
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Разное
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Georgia tax reform council begins task
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A panel of academic economists and business leaders Wednesday launched five months of work that could lead to an overhaul of Georgia’s tax laws The 11-member Special Council on Tax Reform and Fairness for Georgians, created by the General Assembly this year, will consider how state and local income, property and sales taxes are affecting government...
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