Monday, November 3, 2008

Business: 'New faces' struggle to pay utilities

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Crescent Moon in Decatur.

Circuit City closing all ATL stores
Now, Delta can show what it can do as the biggest
The $2.6 billion stock swap deal - basically a takeover of Northwest, which becomes a wholly owned subsidiary - gives Delta a global span that could help raise Atlanta's profile as an international hub.

Top Atlanta CPA firms merge, becoming ATL's 5th largest
Habif Arogeti & Wynne LLP has bought the smaller Tauber & Balser. The combined firm will be the fifth-largest in the metro area in terms of number of accountants, behind national giants like Deloitte and Touche and PricewaterhouseCoopers, said Dan Simms, head of Habif and now a partner in the larger firm.

'New faces' struggle to pay utilities
In an economy that has Americans scrambling to make ends meet, many of those grappling to keep the lights and water working are members of the working class who've never had to ask for financial help before - or not to this extent.

Record exec dead in Marietta
Shakir Stewart, the 34-year-old executive vice president of Def Jam Recordings, the best-known hip-hop label in the country, was found over the weekend in the bathroom of his house in Marietta. Police said Stewart shot himself with a handgun.

Coke says European doldrums temporary
In 2007, the Greece-based distributor sold more than 2 billion cases of drinks, reaping about $625 million in net profit. But the firm has warned that operating profits and earnings in the current year will be stagnant.

Circuit City to close all 16 Atlanta locations
Circuit City announced plans today to close 155 stores, including all 16 of the electronics retailer's metro Atlanta locations. The company will also close stores in Macon, Warner Robins and Athens. The store locator on the Circuit City Web site now lists only three stores within 100 miles of Atlanta - Rome, Columbus and Chattanooga, Tenn.

Private Quarters / Splurge
Photos: Gracey McKeown and architect Keith Summerour transformed a generic house plan into a French chateau inspired estate.

Boeing machinists return to work, approve new contract
Members of the International Association of Machinists and Aerospace Workers went on strike Sept. 6, costing Boeing an estimated $100 million a day in deferred revenue and production delays on the company's highly anticipated next-generation passenger jet.

Stock up at opening bell
Wall Street is starting November on a cautious note, as stocks pull back following a weak reading on the manufacturing sector.

Job opportunities vary under McCain, Obama
On Tuesday, voters go to the polls to decide the next president - Sen. John McCain or Sen. Barack Obama. Here is a look at the industries that are likely to benefit under each candidate's job creation plan, according to Challenger, Gray & Christmas, the Chicago-area outplacement firm.
'Campaign embeds' hitting end of tours

Car dealerships reeling from economic downturn
One in 30 new-car dealerships will be out of business by the end of the year, with 1,000 more expected to fail in 2009. It is a disturbing trend that shows the domino effect the nation's credit crunch is having on a wide range of industries.

Wall Street crisis as a reality show
The producers of the reality TV series "Wall Street Warriors" find themselves in a case of life imitating life. The show documents life on Wall Street by focusing on a handful of traders, brokers and fund managers, offering an insider's view as the bottom fell out of the financial markets.
Young viewers flocking to CBS in a season of disappointments

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