Tuesday, November 4, 2008

Business: Delta CEO to get $13M for NWA deal

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Crescent Moon in Decatur.

Home Depot, Pike all decked out
Georgia Power nuclear plans praised, panned
Waste, water and warming ruled the day at Monday's packed-house Public Service Commission hearing on Georgia Power's nuclear expansion plans. The first hearing on two proposed new reactors near Waynesboro drew roughly equal numbers of friends and foes to the mike. The comments sometimes got heated.

CEO: I never talked to Turner about Hawks, Thrashers sale
Phil Kent also testified Monday also never spoke to any of the team's eventual owners - who include Turner's son, Beau, and son-in-law Rutherford Seydel - about the potential deal involving Texas businessman David McDavid.

Northwest deal worth $13 million for Delta CEO
Richard Anderson will get stock awards worth almost $13.6 million beginning next year for closing the carrier's buyout of Northwest Airlines, according to new filings. Delta employees, including their new co-workers from Northwest, are also getting stock.

Cox Communications plans to cut 460 jobs
Atlanta-based Cox Communications on Monday told employees that it plans to cut its work force by about 460 jobs, or 2 percent, using a mix of early retirement, attrition and possibly layoffs. Cox Communications is a wholly-owned subsidiary of Cox Enterprises, which also owns the Atlanta Journal-Constitution.

Carpet maker Mohawk reports $1.3 billion loss
Calhoun-based Mohawk's third-quarter results equated to a loss of $20.37 per share, vs. Wall Street's expectations of a $1.12-per-share profit.
Circuit City to close all 16 Atlanta locations
Post Properties' earnings fall in third quarter

Home Depot, Pike Nurseries ready for Christmas shoppers
Even as retailers brace for declines in consumer spending, folks may end up spending more on decorating their homes. And two Atlanta companies are planning ahead.

Marietta Kmart store closing after 44 years
The store at 1140 Roswell Road near Cobb Parkway began liquidating its stock Sunday. Doors close for good Jan. 4, according to Kim Freely, a Kmart spokeswoman.

Stocks hold gains after fall in factory orders
The Dow Jones industrial average was up about 144 points shortly after 10 a.m., and the broader indexes are all up more than 1 percent. Analysts generally do not believe that one candidate will boost the beaten down market more than the other. In fact, they predict that stocks are headed for a recovery no matter who is elected.
Markets await outcome of U.S. election

Car sales fall to lowest rate in 25 years
General Motors' October U.S. sales plunged 45 percent, and Ford's and Chrysler's weren't far behind, as low consumer confidence and tight credit combined to bring the industry's sales to an "unsustainably weak level."

Yes, a room's available. But no, you can't check in
Business traveler Richard Glassman says a Hilton hotel clerk recently told him he could not check into a Washington, D.C., Hilton on Sept. 27 because a large group was checking in that day. "There won't be anyone on the desk to accommodate you," he says he was told.

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