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Business

Bank Closure State's First Of '11

The state’s first bank failure of the new year came over the weekend. Georgia’s Department of Banking and Finance closed Brunswick’s Oglethorpe Bank late Friday. Deposits and assets were acquired by Bank of the Ozarks, a Little Rock, Arkansas-based institution.

Blasts of Snow Affect Local Businesses

The snow has kept much of the Northern half of the state paralyzed. Businesses are now weathering this second blast of winter. For a local Atlanta grocery store that has stayed open, business is better than ever.

Golf Hall of Fame Site Up for Grabs

More than 8 months have past since the state put the 17 acres of down town Augusta property up for auction.

Critics Challenge Port Project's Impact On Jobs

A massive federal report on the half-billion-dollar harbor deepening project in Savannah doesn't examine the project's long-term impact on employment. Critics doubt the project will bring more jobs. Proponents say the link between the port and jobs is obvious.

Senators Want Nuclear Waste Site

Georgia’s U.S. lawmakers want the Obama Administration to bring back plans for a nuclear waste repository in Nevada. The comments come after officials looking into the country’s nuclear future visited the Savannah River Site near Augusta.

High Reward For Copper Thieves

As the price of copper surges, so does the number of copper thefts from electricity transmission stations. Power companies across the state are now offering hefty rewards for information about copper thieves. $3,000 is now the going price in Georgia for information leading to the arrest and conviction of someone stealing copper. Thieves strip the metal from high voltage transmission facilities. At a going price this week of more than $3 a pound they can make hundreds of dollars selling it to scrap metal yards.

German Company to Expand in Fulton County

Governor Perdue announces new IT services will bring 110 jobs to Atlanta area

SC Wants More Time To Study Harbor Project

Georgia officials are worried about a potential monkey wrench in the Savannah harbor deepening project. South Carolina environmental officials say, they won't certify that the project meets their state's water quality standards until after a year-long review. Scientists have been studying the issue for 11 years and Georgia officials want the harbor deepened as soon as possible.

Commission Plans Nuclear Tour

A federal panel charged with finding new ways to store high level nuclear waste will tour the Savannah River Site near Augusta Thursday. The Blue Ribbon Commission for America’s Nuclear Future was created by the Obama administration last year after it scrapped plans for a waste repository at Yucca Mountain near Las Vegas.

Insurance Costs Surge Past Incomes

Between 2003-2009 premiums rose 48-percent in Georgia. Deductibles and co-pays going up as well. People in the South are less healthy.

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