Wednesday, November 26, 2008

Business: Smooth sailing for holiday travelers — so far

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Quiet before holiday travel storm
Holiday note: No Business e-mail newsletter on Thanksgiving Day. Regular publication will resume on Friday, Nov. 28.

My Opinion
Thomas Oliver: Obama's centrist economic team.

Georgia woos Chinese tourists
Spurred by a regulation change that allows travel agencies to offer packaged tours to the U.S. for the first time, the number of Chinese travelers could climb to 1 million by 2011. And Georgia wants a piece of that action.

Slow sales force Lindbergh condos to convert to rentals
Another new condominium project, eon at Lindbergh, a 352-unit high-rise, is switching to apartments because of sluggish sales. Eon was relatively affordable, with prices beginning in the $180,000s. But the sales center shut down about 60 days ago.
Home prices down 9.5 percent

Smooth sailing for holiday travelers - so far
Motorists found gasoline prices averaging $1.71 a gallon across metro Atlanta, the lowest Thanksgiving weekend price in four years. Meanwhile, Hartsfield-Jackson International Airport's Web site reported wait times of under 10 minutes at all security checkpoints just before 8 a.m. today.
Airport expects bump in traffic | Delta drops some fees

Wachovia executives eligible for severances
Ten executives, not including CEO Robert Steel, have employment agreements that provide for severance payments in the event of termination following a change of control of the company, according to a new SEC filing.
Atlanta-based Fidelity Bank's outlook downgraded

GE Energy lands $1 billion contract
The contract calls for the Atlanta-based firm to upgrade Algeria's gas-fueled power plants.
The sale allows Sonelgaz, the North African country's state-owned gas company, to boost electricity production at 13 power plants nationwide.

Private Quarters
Cynthia and Tom Massey like the buoyant pace of life around their Midtown penthouse.

Stocks open lower after report on jobless claims
The stock market is coming off three sessions of gains, so some retrenchment is to be expected, especially with many traders about to take a long Thanksgiving holiday weekend.
Durable good orders drop by 6.2 percent | Consumer spending down 1 percent
Government announces new loan program

NY public toilets now feature TVs
What a relief! The free public restrooms operated by the Charmin toilet paper company in Times Square during the holidays have been rolled out for another year. It's the third straight year for the 20 deluxe stalls.

Economy slows Super Bowl ad sales
Most advertising slots for the 2009 Super Bowl that weren't sold in September still haven't moved, a change from earlier in the year when NBC announced the air time had been selling faster than usual.

Radio's revenue falls even as audience grows
Can radio save itself? Listeners are diverted by iPods and Internet and satellite radio. Companies are loaded with debt. Advertisers are heading to television or the Web.

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