Wednesday, October 29, 2008

Business: Delta merger approval days away?

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2 Buckhead rug shops closing
Buckhead shops closing
Two neighboring stores in Buckhead's Shops of Miami Circle Market Center are shutting their doors: Canterbury Antiques and Davar Carpets/Cyrus Fine Rugs. One closing is directly related to the economic downturn; the other is due to a different type of loss - the death of one of its owners.

Production begins at Norcross solar cell factory
Suniva's initial production line is just starting to ramp up, spokeswoman Wendy Rosen said. The company didn't announce when it would reach full-scale production of its solar cells, which are said to bring higher efficiencies and lower cost to the market.

'Recession-proof' Aaron Rents beats estimates
Atlanta-based Aaron Rents, which has 1,585 rent-to-own stores nationwide, beat Wall Street estimates by 4 cents per share in third quarter earnings. Third-quarter net profit rose 32 percent to $21.1 million, or 39 cents per share. Revenue rose 16 percent to $388 million.
EarthLink gains | Sony profits fall 72 percent

Delta merger final approval days away?
Some industry observers say the deal could be granted antitrust approval by the Justice Department in early November, or even earlier, although that could depend on resolving some issues.

916 new jobs coming to Peachtree City, Duluth
NCR, which makes ATMs and self-checkout machines, says the expansion will increase its Georgia work force more than 50 percent over 26 months. The news comes at a time when unemployment in metro Atlanta is up significantly.

Private Quarters
The Wright stuff: Scott and Kim Mills drew on the inspiration of Frank Lloyd Wright when they built their Mountain Park home.
Photos

AT&T Mobility's next growth wave: 'Emerging devices'
Q & A: Ralph de la Vega's expanded role at AT&T isn't cause for him to move from here to the headquarters in Dallas. De la Vega, CEO of Atlanta-based AT&T Mobility, was recently handed the added duty of consumer markets chief for the entire company.

Stocks open lower ahead of Fed rate decision
The market expects policymakers to lower the fedfunds rate by a half point to 1 percent, though there has beenspeculation that smaller or wider cuts are possible.
Hope for rate cut boosts global markets

Pinching pennies? Not these proud pet parents
Companies that sell everything from organic dog treats to couture-inspired pet toys say business is up even as economic indicators show shoppers are pinching pennies during one of the worst downturns in decades.

Christian Science paper to end daily print edition
After a century of continuous publication, The Christian Science Monitor will abandon its weekday print edition and appear online only. The cost-cutting measure makes The Monitor the first national newspaper to largely give up on print.

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