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Buckhead Penthouse Condo To Sell For Over $6M

Jun 19, 2017
Al Such / WABE

The penthouse of the planned 21-story Emerson Buckhead tower is under contract for more than $6 million. According to this week’s Atlanta Business Chronicle that price tag could make it possibly one of the most expensive sales of an unfinished high-rise condo in the city’s history.

Amazon Is Growing Its Offices In Atlanta

Jun 16, 2017
Ross D. Franklin / Associated Press

Amazon is expanding in Atlanta.

This week’s Atlanta Business Chronicle reports the Seattle-based Internet services giant quietly opened an Atlanta office for its A9.com subsidiary, following its secretive acquisition of local visual search startup Partpic late last year.

The A9 Atlanta office is located in a 20,000 square foot office at Terminus 200 in Buckhead, which it shares with Amazon’s cloud computing services business, or AWS.

John Bazemore / Associated Press file

Toshiba has guaranteed more than $3 billion related to construction costs at Georgia Power’s Plant Vogtle. The future of the nuclear expansion at the power plant, which is near Augusta, has been – and still is – up in the air since the Toshiba subsidiary Westinghouse declared bankruptcy earlier this year.

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Joan Marcus / The Public Theater via AP

Delta Air Lines and Bank of America have announced that they are pulling their sponsorship of a Manhattan-based theater company's portrayal of Julius Caesar as a Donald Trump look-alike in a business suit who gets knifed to death on stage.

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Atlanta-based Delta released a statement on Sunday saying it was pulling its sponsorship from The Public Theater "effective immediately."

This Sept. 10, 2008 file photo, chickens huddle in their cages at an egg processing plant at the Dwight Bell Farm in Atwater, Calif.
AP Photo/Marcio Jose Sanchez, File

A Georgia congressman wants the federal government to let poultry companies speed up their processing lines.

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U.S. Rep. Doug Collins, a Republican from Gainesville, is asking U.S. Agriculture Secretary and former Georgia Gov. Sonny Perdue to allow poultry processing plants to increase the speed of evisceration lines.

It's the part of the poultry production process in which machines remove chickens' internal organs. 

New Perimeter Study Aims For Better Connectivity

Jun 2, 2017
Atlanta Business Chronicle

A $100,000 study — produced by transportation and engineering consultants Gresham Smith and Partners, Sprinkle Consulting and VHB — suggests the Perimeter Community Improvement Districts, Sandy Springs, Dunwoody and Brookhaven undertake a wide range of projects.

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Jeff Chiu / associated press file

In its latest effort to compete with online giant Amazon, Walmart is testing a delivery service using its own store employees, who will deliver packages ordered online while driving home from their regular work shifts.

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David Goldman / Associated Press

Boarding passes could someday become quaint relics for air travelers.

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JetBlue Airways plans to test facial-recognition check-in for a few flights beginning later this month, and Delta Air Lines plans to let some passengers board with their fingerprints instead of a boarding pass.

The once-ubiquitous paper boarding pass is already shunned by many travelers who prefer to use mobile boarding passes on their phones.

Company Eyes Atlanta For Its New $500M Data Center Campus

May 30, 2017
John Minchillo / Associated Press

Dallas-based CyrusOne Inc. is said to be considering Atlanta for an up to 1 million-square foot data center campus. According to the Atlanta Business Chronicle, a project of that size could involve an investment of up to $500 million, industry sources said.

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The expansion would mark the entrant of a major player in the crowded Atlanta data center market and prove there is room for further development.

David Goldman / Associated Press

Alabama's largest city is opening a new film office in hopes of luring more movie productions to the area.

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Film Birmingham is now officially open for business after operating behind the scenes for more than a year, Al.com reported.

Film Birmingham, an initiative of Create Birmingham, is planning to launch a website targeting the film industry.

In 2015, Germany invested $255 billion in the United States and more than 672,000 people were employed for German companies like Mercedes-Benz USA.
Courtesy of Mercedes-Benz USA

During President Donald Trump's visit to Brussels Thursday, German media reported Trump said he would stop imports of German cars into the United States.

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But many German car companies build their cars in the U.S. and export them from the South.

Al Such / WABE

A global "ransomware" attack that started last week locked thousands of computers in more than 150 countries.

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As a cybersecurity hub, metro Atlanta hosts nearly 100 cybersecurity firms. Some of them are helping affected companies respond to the attacks.

David Goldman / associated press file

An awkward job interview question — how much did you make at your last job? — is getting banned in some parts of the country.

Massachusetts, New York City and Philadelphia have passed laws that bar employers from asking applicants about their salary history. And several states, including California, Mississippi and Pennsylvania, have proposed similar legislation this year.

Supporters say the bans are one way to help close the wage gap between men and women. Some business advocates, however, say the bans hurt companies that use salary histories to help them set wages.

Five miles from the Port of Savannah, developers will add five million square feet of storage space on 500 acres of land recently sold by the Georgia Ports Authority.
Georgia Ports Authority

About 2,000 people in the transportation industry are at the Georgia World Congress Center this week for the Georgia Logistics Summit.

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In Georgia, logistics is a big industry, led by United Parcel Service, Atlanta Hartsfield-Jackson International Airport and the Norfolk Southern Railway. The state also is a route along major trucking corridors.

However, the industry has a problem: an aging workforce.

Joy Reddy said her 20 minute commute to SunTrust Bank from Toco Hills became one hour after the bridge collapse. She works from home at least twice a week. She said not having an assigned desk puts lets pressure on being physically present.
Tasnim Shamma / WABE

On the evening of March 30, Thomas Crosson was grabbing a slice of pizza at Amalfi Pizza near SunTrust Bank, and watched as large flames rose from a section of the Interstate 85 in Atlanta, causing it to collapse.

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"It was funny to watch everyone gather around the TV. Even the cooks came out from behind the kitchen and all of them had the same expression on their face," Crosson said.

Georgia's Banks Are Becoming More Diverse

May 5, 2017
AMISOM Public Information / via wikimedia commons

Although Georgia is home to one of the most recognized African-American-owned banks in the country, the state’s banking landscape is becoming as diverse as its population.

GM plant in Doraville, Ga.
Gene Blythe / Associated Press file

Mattress-maker Serta Simmons Bedding LLC will move into a new consolidated Atlanta headquarters in 2019.

According to this week’s Atlanta Business Chronicle, the Serta Simmons headquarters is widely expected to help launch the first phase of Assembly, the proposed $2 billion redevelopment of the former Doraville General Motors plant.

David Goldman / Associated Press

A California family says they were forced off a Delta plane and threatened with jail after refusing to give up one of their children's seats on a crowded flight.

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A video of the April 23 incident was uploaded to YouTube on Wednesday and adds to the list of recent encounters on airlines that went viral, including the dragging of a passenger off a United Express plane.

Atlanta Business Chronicle

James Quincey becomes the new CEO at the Coca-Cola Company May 1. As he replaces Muhtar Kent, he faces a myriad of challenges.

But according to the Atlanta Business Chronicle, industry watchers say Quincey is up for the challenge.  They say he understands the need to invest in a broad portfolio of products beyond sparkling beverages. The company is now focusing on low- and no-calorie products. That product mix is expected to focus on coffee, teas, juice and water drinks.

In this Nov. 4, 2016 file photo, Republican presidential candidate Donald Trump speaks during a campaign rally in Hershey, Pa.
Evan Vucci / Associated Press file

Giving workers a raise, investing in new machinery. Small business owners have long wish lists to choose from if the Trump administration's plan to lower tax rates becomes law — but most don't expect to go on a hiring binge.

 

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Jacques Brinon / Associated Press

Atlanta-based Coca-Cola's sales declined in the first quarter as it restructured its business, and the world's biggest beverage maker said it will trim 1,200 jobs starting later this year as it deepens its cost cutting.

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Eboni Lemon / WABE

Winter pretty much stood up South-Central Texas this year, and the neglect is showing in this season's scanty crop of Hill Country peaches.

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"Some things bloomed really extended and long, and some didn't take, so it's been really an interesting year," peach grower Russ Studebaker said. "We'll have, I think, about a 30 percent crop, which is better than nothing. So we're happy about that."

matt rourke / Associated Press

A Starbucks barista has taken to social media hoping to make orders for the coffee chain's much buzzed about Unicorn Frappuccino disappear.

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Atlanta Business Chronicle

Pinewood Atlanta Studios is teaming up with Atlanta-based virtual reality studio Trick 3D to bring its plans to life.

This week’s Atlanta Business Chronicle reports Pinewood Forrest, a 234-acre project underway in Fayetteville, will include 600 single family homes, 100 attached townhomes, 600 multi-family homes, a wellness and health center, two hotels and 250,000 square feet of retail space, including 15 restaurants and 25 boutiques.

David Goldman / Associated Press

Rising fuel costs hurt Delta's first-quarter profit, which dropped 36 percent from the same period a year before.

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But the Atlanta-based company's adjusted earnings beat expectations and its stock rose about 2 percent in morning trading Wednesday.

 

Delta also said Wednesday that last week's cancellation of about 4,000 flights because of severe weather in Atlanta will cost it $125 million in pre-tax income in the current quarter.

 

Richard Drew / AP File

United is getting pummeled on late-night TV. Online, jokers are proposing new corporate slogans such as "We'll drag you all over the world" and "We have red eye and black eye flights available." On Wall Street, the airline briefly lost nearly $1 billion in market value before its stock regained much of the loss.

Comcast expects to invest $200 million over the next 20 years in startups at its new accelerator opening at its new regional headquarters near SunTrust Park, called The Farm.
Courtesy of Boomtown

Comcast will dedicate part of its new nine-story office tower going up next to the Atlanta Braves stadium to a new start-up accelerator program called “The Farm.”

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Toby Krout, executive director of Boomtown, a startup accelerator in Boulder, Colorado, is launching the program with Comcast early next year.  

At the South by Southwest festival, participants stopped by the Metro Atlanta Chamber of Commerce booth and put on virtual reality headsets to experience Atlanta.
Courtesy of Foundry 45

In Austin, Texas, this week, hundreds of people visited Atlanta virtually.

At the South by Southwest festival, participants stopped by the Metro Atlanta Chamber of Commerce booth and put on virtual reality (VR) headsets to experience Atlanta.

Virtual reality has mostly been associated with gaming or selling a brand, but groups like the Metro Atlanta Chamber are using it to recruit candidates.

Dave Beck is co-founder of an Atlanta-based virtual reality company called Foundry 45.

BRANDEN CAMP / Associated Press

American Airlines said Tuesday that it plans to offer free meals to everyone in economy on two cross-country routes starting May 1.

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The decision by the world's biggest airline comes a month after Delta Air Lines announced that it would restore free meals in economy on a dozen long-haul U.S. routes this spring.

 

coca-cola

Coca-Cola CEO Muhtar Kent, who is stepping down in May, received a compensation package worth $16 million last year, according to a regulatory filing.

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That included a salary of $1.6 million, stock and options worth $9.5 million and incentive pay of $4.1 million. Other compensation included costs for travel, security and contributions to a retirement and savings plan, according to a filing with the Securities and Exchange Commission.

 

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