Coca-Cola has completed its $3.4 billion buyout of the North American operations of its largest bottler. The world's largest soft drink maker said Sunday it has closed the deal for the domestic unit of Coca-Cola Enterprises.
China’s Ministry of Commerce plans to severely tax American-produced poultry. It’s a blow to Georgia’s billion-dollar broiler industry. After a year-long investigation, the Chinese government says U.S. poultry companies are “dumping” chickens there. That’s a business term for importing chickens at very low prices to increase their price in China, thereby unfairly competing with local producers.
Georgia's Department of Revenue has beefed-up its staff of agents to go after businesses that owe back taxes. Officials say they've added more than 30 tax agents in the last few months. The department’s top official, Bart Graham, says the extra personnel will cost over $2 million but will pay for itself within a few months.
But the chief of Georgia's Ports Authority says, he's still frustrated by delays in the process to approve deepening the Savannah harbor. Curtis Foltz doesn't believe business will suffer as long as work is well underway by the time larger ships start sailing through the Panama Canal in 2014.
In a cost-saving measure, the state opened bidding Monday for private organizations to manage highway rest centers. The Georgia DOT is looking for private companies interested in sponsorship and advertising space at the state’s 26 rest areas and welcome centers.
Savannah City Council voted Thursday to ban smoking in all bars, restaurants, and other public buildings. The new ordinance takes effect January 1st and will require smokers to keep 10 feet from business entrances.
Modest sales increases helped boost Home Depot's second-quarter net income 7 percent. The No. 1 home-improvement retailer trimmed its revenue forecast but raised its earnings forecast to account for share repurchases.