Tuesday, November 18, 2008

Business: Taco Mac spreads its wings

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Crescent Moon in Decatur.

Taco Mac plans to expand in '09
Delta union talks could hinge on Obama appointment
The switch to Barack Obama's presidency is expected to bring a more labor-friendly administration, which could affect Delta Air Lines when it goes through union representation elections as a combined carrier with merger partner Northwest Airlines.

Southern Co. CEO says energy independence impossible
Speaking to a gathering of electric energy engineers in downtown Atlanta, Southern's David Ratcliffe said growing electricity demand and global competition for the means to meet it make energy independence an illusion for most countries, including the U.S.
CEO says Southern's wisdom now obvious

Home Depot profits fall 30 percent
Third quarter net profit for the Atlanta-based home improvement chain was $756 million, or 45 cents per diluted share, compared to $1.09 billion in the third quarter last year, or 60 cents per diluted share. Still, the performance beat analysts' estimates. They had expected 38 cents a share.
Your Money

Genuine Parts to pay dividend even in sour economy
Atlanta-based Genuine Parts Co. has raised its dividend for 52 consecutive years, and it said Monday it will keep the streak alive despite the economic downturn that has forced other firms to restrict or eliminate such payments.

Federal government takes stake in SunTrust
Atlanta-based SunTrust Banks said Monday that it had sold $3.5 billion worth of preferred stock to Uncle Sam as part of the federal government's $700 billion economic bailout program.
FDIC chief pushes aid to homeowners

Taco Mac spreads its wings
Started in 1979 as a dive bar and wings restaurant, Taco Mac has expanded to become a major player in the Atlanta casual dining market. As Taco Mac grows, company execs walk a line between preserving an Atlanta fixture and opening some of the area's most modern sports restaurants and bars.
Photos

Stocks mixed ahead of automakers' testimony
Wall Street has opened mostly flat today, with investors refraining from making bets in a volatile market battered by a stream of weak economic data.

Yahoo founder Yang steps down as CEO
Jerry Yang's surrendering of the CEO reins won't occur until Yahoo finds a suitable replacement. The Sunnyvale-based company said it is interviewing candidates from inside and outside the firm.

Automakers beg for federal aid
Detroit's Big Three automakers are begging Congress for a $25 billion government rescue, while the legislation clings to life support on Capitol Hill and top lawmakers and the White House suffer from bailout fatigue.
A British lesson on auto bailouts

Billionaire Mark Cuban charged with insider trading
As anyone who follows the NBA knows, Mark Cuban, the Internet entrepreneur turned owner of the Dallas Mavericks, has never shied from a fight. But now the pugnacious billionaire is squaring off against his biggest adversary yet: the federal government.

Hotels struggle, but guests less so
FOR the hotel industry, recently riding high on years of record profits, the good times have ended suddenly, and no one knows when they may resume. But corporate travel managers now have more negotiating power as they put together contracts for next year.

Study puts diabetes cost at $218 billion
As diabetes is rapidly becoming one of the world's most common diseases, its financial cost is mounting. The figure includes direct medical care costs, from insulin and pills to amputations and hospitalizations, plus indirect costs such as lost productivity, disability and early retirement.

Savings as part of the job
With the economy in a downturn, corporate travel managers are using strategies from other frugal eras to save money - pushing advance purchases of airline tickets, moving meetings to cheaper destinations, skipping non-essential trips or requiring employees to refuel before returning a rental car.

Woman loses $400,000 in Nigerian e-mail scam
Janella Spears of Sweet Home, Ore., says she simply became curious when she received an e-mail promising her $20.5 million if she would only help out a long-lost relative of hers, identified as J.B. Spears, with a little money up front.

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