Wednesday, November 19, 2008

Business: Fire shuts down Buckhead restaurant

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Retailers banking on Black Friday
My Opinion
 Thomas Oliver: Falling prices can't be all bad.

Economist: Georgia's job losses to grow until 2010
Rajeev Dhawan, director of the Economic Forecasting Center at Georgia State University, predicted today that the already gloomy unemployment picture in Georgia and metro Atlanta will worsen at least through next year before a light rebound.

Metro ATL trails nation in home equity gain, sale prices
Over a six-year period, the median increase for 28 counties is just 1.9 percent or $2,800, compared to Trenton, N.J., which is up 78.7 percent ($150,800) and Boise City, Idaho, 50 percent ($62,400). The median increase nationwide was 18.3 percent.

Georgia slips in economy ranking
Massachusetts, Washington and Maryland lead the nation in having the right stuff for a "new economy" of highly skilled, highly technical and highly paid workers, according to a new study. Georgia ranked No. 21 on the list, down from No. 18 six years earlier.

MARTA seeks financing pledge
Leaders from 11 transit agencies, including MARTA, pleaded with Congress for help Tuesday as long-term financing deals with investors collapse amid the global credit crisis.

Private Quarters
Ian and Holli Hines Easton's Castleberry Hill loft was once an old Johnson & Johnson Band-Aid factory.

Retailers can't wait for Black Friday
Faced with a skittish consumer worried about the economy and still fearing the return of sky-high gas prices, some metro Atlanta malls and standalone retailers aren't wasting a minute to entice reluctant Christmas shoppers through their doors.

UPS says its busiest shipping day will be Dec. 18
For the first time since it went public in 1999, the Sandy Springs-based company is not forecasting how many packages it will ship that day.

Fire closes Chastain's restaurant in Buckhead
The two-alarm blaze did extensive damage to the newly opened Chastain restaurant on Roswell Road. Patrons and staff were evacuated but none was injured, Atlanta fire officials said.

AirTran adds flights for inauguration
AirTran has responded to the high demand for seats to the Washington, D.C., area by adding more round-trip flights from and to Atlanta around the dates of Barack Obama's Jan. 20 inauguration.

Third Georgia bank sells shares to Treasury
United Community Banks, the third-largest banking company based in Georgia, says it has received preliminary approval to sell $180 million in preferred stock to the U.S. Treasury as part of the government's economic bailout program.

Even luxury businesses feel holiday pain
The holiday outlook for the luxury world turned grimmer Tuesday, after Saks Inc. reported a wider-than-expected loss in the fiscal third quarter, and both it and Burberry Group PLC offered downbeat forecasts.
Rough quarter for 2 major retailers

A soft drink backed by ace video gamer
Dr Pepper was to announce today that it will feature the Halo 3 player Tom Taylor, who goes by Tsquared, on its soft drink labels, which will appear on about 175 million 20-ounce bottles from January to April.

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