Wednesday, November 12, 2008

Business: ATL real estate 'bloodbath' coming?

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Crescent Moon in Decatur.

Lookheed seeks overseas buyers
My Opinion
Thomas Oliver: To heal, U.S. must stanch foreclosures.

Kennesaw liquor permit killed by Facebook
A Kennesaw restaurant had its license to serve alcohol revoked after pictures of underage drinkers were posted on Facebook, the popular social networking Internet site.

Lockheed's global customers increasingly crucial
Lockheed Martin Corp., which has a production plant in Marietta, is drawing more business from overseas. It already has enough orders for its C-130J cargo planes to stay busy for several years and is scheduled to ceremoniously hand over the first of four mammoth C-130J airplanes to Norway today.

Metro gas prices hit two-year low
The lowest price reported by the Web site was $1.79 at two northside Kroger stores, with gas going for under $1.90 a gallon at more than a dozen stations across metro Atlanta. said Atlanta drivers are paying an average of $1.98 a gallon, down a couple of pennies from Tuesday's average.
Price of oil drops further | Money tips: 209 ways to save

Buckhead facing real estate 'bloodbath?'
The Urban Land Institute, a national organization of developers, presented its annual Emerging Trends in Real Estate Report Tuesday, and once again Atlanta is portrayed as overbuilt and not a particularly attractive place to invest.
$285M hotel/condo still planned

Private Quarters
Allyson and Mark Watson's Vinings home reflects their love of Adirondacks lodges.

Stocks dip at open
Wall Street is down for the third straight day amid increasing evidence that consumers are sharply cutting back on spending. Department store operator Macy's Inc. says it lost $44 million in the third quarter, while consumer electronics retailer Best Buy Co. says it is cutting its 2009 guidance on fears that consumer spending will erode even further.

Pelosi supports aid for U.S. automakers
House Speaker Nancy Pelosi says she is confident that lawmakers will consider "emergency and limited financial assistance" for the auto industry under the $700 billion bailout measure that passed Congress in October. She urged the outgoing Bush administration to support a compromise.
Paulson to give update today on financial bailout | Lobbyists want slice of bailout pie
Critics say fed's mortgage plan lacking

$15 to check first AirTran bag
The airline's new $15 first checked bag charge will go into effect for new bookings starting today for travel Dec. 5 or later. Those who bought tickets Nov. 11 or earlier will not be charged the new fee.
Fly to Europe for $650

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