Thursday, November 13, 2008

Business: Georgia jobless numbers soar

Run a car until it sells on
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Crescent Moon in Decatur.

Making self-powered electronics
New Atlanta luxury hotel: Bad timing or wise move?
When Tivoli Properties formally announces its Mandarin hotel and condominium project today, it will do so in a bleak hospitality market. Atlanta's hotel industry, which was riding high two years ago on strong convention business and booming occupancy, is now struggling to fill rooms.

No senior PGA tour event for Atlanta
Having already lost the AT&T Classic, a fixture on the Atlanta sports calendar for 41 years, local golf officials now say the tournament's intended replacement, a senior PGA tour event, cannot find a corporate sponsor and will not go off as planned next year.

Georgia jobless numbers soar
More than 29,000 metro Atlantans filed first-time unemployment claims in October, up 70.5 percent from the same month of 2007, the state Labor Department said Thursday. Statewide, October unemployment claims rose 75 percent from the prior year, to more than 72,600.

More African routes for Delta
The Atlanta-based carrier says it will add seven new routes from Atlanta to Africa and another flight to Tokyo as it expands its international network.

Atlanta mayor says city needs a rescue
Atlanta Mayor Shirley Franklin sas the city will direct employees to cut their hours - and pay - by 10 percent each week to help weather an expected budget shortfall of $50 million to $60 million. The pay and hour cuts affect 4,600 city employees.
More changes for $700B bailout plan? | An auto wreck for economy?
State tax revenue stable in October | Stocks mixed at opening

Pentagon orders more Marietta-built F-22s
The $50 million in "bridge funding" to buy parts for four more F-22 fighter jets was approved by Defense Secretary Robert Gates. It will give the Obama administration time to decide on the future of the F-22 program early next year.

Profits drop for Popeyes owner AFC
Atlanta-based AFC Enterprises, operator of the Popeyes chicken restaurants, reported Wednesday a modest drop in revenues for the third quarter but a sizable decrease in profits.
Carrollton-based Southwire plans layoffs in Watkinsville

UPS ditching some labels to save paper
The Atlanta-based delivery company says it worked with computer and printer giant HP to develop the wireless device, which will gather information from shipping labels, obtain sorting information from a UPS database and then imprint sorting information directly onto packages.

Georgia Tech researchers bend wires to make electricity
In a small step toward making electronics that can power themselves, researchers at Georgia Tech and the University of Dayton in Ohio have discovered how to generate electricity just by bending tiny wires back and forth.

Sears brings back layaway for the holidays
The department store chain is bringing layaway back to its namesake stores next week, nearly two decades after it was scrapped, after seeing a strong response to the pay-as-you-go plan at its Kmart locations.

The golden years, tarnished
In communities like Gleneagles and in the homes of retirees across the country, these are days of fear and uncertainty. In theory, retired people are not supposed to invest much in the stock market; in reality, many millions of them do.

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