Friday, October 24, 2008

Business: $11M in Ga. tax checks unclaimed

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Greenspan in 'disbelief' over crisis
State pensions lose $11 billion
The huge drop in the value of Georgia's two major state pension program over the past 3 1/2 months, reflecting plummeting stock prices, could help make it easier for state officials to defend withholding retirees' cost-of-living raises next year.
Ga. health insurance costs rise 7 times faster than pay

16,000 Georgians haven't claimed tax checks worth $11M
It may seem hard to believe in these tough economic times, but more than 16,000 Georgians still have not claimed this year's economic stimulus checks or tax refunds, or both, according to the Internal Revenue Service. That amounts to $11 million in money owed to Georgia taxpayers.

Decatur car dealership closed by judge
Premier Chrysler Jeep Dodge on Church Street was closed by a receiver at the direction of a Gwinnett County judge, according to a notice posted at the business. A telephone call to the dealership was not answered Thursday.

Updates on the Hawks/Thrashers ownership lawsuit
Texas businessman David McDavid, 66, is suing Atlanta-based Turner Broadcasting System, which he alleges broke a contract to sell the Hawks and Thrashers pro teams to him. The trial in Fulton County Superior Court started three weeks ago and McDavid is slated to continue his testimony today.

ATL hotel occupancy slump expected to continue
Just two months ago, Mark Woodworth estimated that occupancy and room rates at Atlanta's hotels would rebound from the current economic downturn sometime in mid-2009. On Thursday he amended that prediction.

Aflac's quarterly profit falls 76 percent
The pain on Wall Street hit home Thursday at Columbus-based supplemental insurer Aflac Inc. The company said third quarter profit fell 76 percent, largely on losses incurred from its holdings in Lehman Bros., Washington Mutual and Ford Motor Co.
Southern Co. falls short of Wall Street estimates | SunTrust beats Street

Dow plunges on global recession fears
Wall Street is joining world stock markets in a precipitous plunge, with the Dow Jones industrials dropping more than 400 points in the opening minutes of trading. The growing belief that the world will suffer a punishing economic recession has investors furiously dumping stocks.
Greenspan concedes error on regulation | Tell us: Time for gut check?

Threatening letters sent to banks, FBI says
More than 50 letters were mailed to Chase Bank branches and federal regulatory offices in 12 cities this week. Three of them were delivered Thursday at the headquarters of the Federal Deposit Insurance Corp. in Washington.

Scion tops in reliability ratings
Toyota Motor Co.'s Scion brand tops the list of most reliable cars in Consumer Reports' annual vehicle reliability study, as Asian automakers continue to fill the top of the magazine's rankings.

AP suspends pricing plan, to review its structure
The Associated Press suspended plans Thursday for a new pricing structure that drew complaints from many of its member newspapers facing unprecedented financial hardships. It promised another $9 million in savings on top of $21 million previously announced.


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