Business | WABE 90.1 FM

Business

Business news

Al Such / WABE

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

Like us on Facebook

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.

Like us on Facebook 

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.

Like us on Facebook

"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.

Like us on Facebook

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, File / Associated Press

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.

 

Like us on Facebook

 

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.

Like us on Facebook

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.

Like us on Facebook

"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.

Like us on Facebook

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.

Like us on Facebook

 

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.”

Like us on Facebook

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.

Like us on Facebook

 

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.

Like us on Facebook

 

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.

 

Pedestrians enter the Federal Reserve Bank of Atlanta, Friday, April 24, 2009 in Atlanta.
AP Photo/Gregory Smith

Georgia banks were having a rough time, even five years after the recession. Hundreds locked their doors and never reopened as customers defaulted on their loans.

Like us on Facebook

But in 2016, FDIC-insured banks in Georgia made $3 billion dollars in profit, a nearly 5 percent increase from 2015.

MARTA Rail Expansion Could Stall In 2017

Feb 27, 2017
Courtesy of Atlanta Business Chronicle

After setting the stage for the largest expansion of MARTA rail in history last year, the General Assembly isn’t likely to build on that progress in 2017.

According to this week’s Atlanta Business Chronicle, plans to introduce legislation to expand MARTA’s existing rail network further, into areas of Fulton County outside Atlanta’s city limits, have fizzled due to a lack of consensus among the county’s mayors.

Al Such / WABE

Two tiny, newborn puppies squeak as they feel out their surroundings; their eyes haven’t opened yet, but once they find each other with their little paws, they immediately get into position to cuddle. They find comfort in each other’s warmth, and they stop yipping as they rest on the soft pad of a towel.

Like us on Facebook

Their mother is nearby, being looked over by Dr. Charron Bryant, a veterinarian who takes his practice to the homes of the animals, rather than having the animals come to him.

Alpharetta Is Building Its Own BeltLine

Feb 24, 2017
Courtesy of Atlanta Business Chronicle

The Atlanta BeltLine is still being built, but it’s already attracting millions of dollars in urban redevelopment. Now Alpharetta says it’s creating its own version of the BeltLine in the North Atlanta suburb.

It is called the Alpha loop, according to this week’s Atlanta Business Chronicle – an approximately 8-mile trail that would connect the city’s downtown to big projects including Avalon and the Big Creek Greenway. It would include lighting, bicycle service areas and pocket parks for people to gather.

Michael Rivera / Wikimedia Commons

Atlanta-based Popeyes is getting a new owner.

Like us on Facebook

The company behind Burger King is buying the fried chicken chain for almost $2 billion. It comes after Popeyes Louisiana Chicken made some changes to its fast food image.

The company's been remodeling its restaurants and tweaking the flavors of its food. According to analyst John Gordon, the chain's taking a card from fast casual restaurants, like Chipotle.

State Farm Advances Dunwoody Project

Feb 13, 2017
Courtesy of Atlanta Business Chronicle

State Farm Insurance Co.’s 2.2 million-square-foot campus is kicking off its second phase, further distancing Dunwoody from its suburban roots, with a new walkable district connected by transit and lined with street-level retail.

Lorenzo Zambino, 5, with Brasfield & Gorrie crew at the construction site of the Center for Advanced Pediatrics, which will be located on the North Druid Hills Campus.
Children's Healthcare of Atlanta

According to this week’s Atlanta Business Chronicle, Children's Healthcare of Atlanta plans to build a $1 billion to $1.3 billion hospital on a 46-acre site at North Druid Hills Road and Interstate 85 in the city of Brookhaven.

The new facility will address worsening space constraints at Children’s – which currently has campuses in downtown Atlanta, Sandy Springs and on Clifton Road – and will allow the hospital to meet forecasted patient care and space needs through 2026 and projected demand to 2036 and beyond.

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

The Georgia Ports Authority recently sold 500 acres of land for a private developer to build warehousing, distribution and transload facilities.

This is in response to growing demand from businesses for more storage space. The Georgia Ports Authority said it expects this sale will help it get closer to becoming a U.S. gateway port.

In 2015, more than 10.3 percent of all U.S. container exports left from the Port of Savannah.

Coca-Cola CEO, Muhtar Kent
Courtesy of Coca-Cola

Coca-Cola is the first Fortune 500 Atlanta company to come out against President Donald Trump's executive order on immigration.

Tech companies like Google and Microsoft responded loudly against the executive order this weekend.

But many of Atlanta's largest publicly-traded companies aren't talking about it.

Coca-Cola CEO Muhtar Kent said he doesn't support President Trump's executive order and is working to help employees who may be affected.

Jackson Healthcare Plans $100M Alpharetta Campus Expansion

Jan 30, 2017

Staffing giant Jackson Healthcare is designing a $100 million expansion of its Alpharetta campus, with Italian Renaissance-inspired architecture featuring a replica of the Roman Colosseum.

The historic Covington courthouse in Newton County.
Johnny Kauffman / WABE

A new $100 million film and television complex planned in Covington will be an amenity-filled “Google-esque” campus.

Pages