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Business

More Workers Leave Labor Force

Georgia's jobless rate is down to 9.9 percent, but the job market continues to deteriorate according to Labor Commissioner Michael Thurmond

Athens, Macon At Risk For Double-Dip Recession

Moody's economist says two Georgia cities are at risk to slide back in recession. Job market partly to blame. Chances are one-in-three.

Home Depot Profit Up, Forecast Down

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.

400 Jobs Head To Statesboro

The world’s top trailer manufacturer will begin construction on a new plant in Statesboro later this year. Governor Perdue announced the company’s $33.5 million dollar plan on Monday. The investment is expected to create more than 400 jobs over the next four years.

Savannah Economic Project Under Wraps

Savannah business officials say, there's nothing to know yet about a potential economic development project near the Savannah airport. Airport officials recently approved moving a new runway and studying traffic for what in the public record is called simply a quote "potential new development." That hasn't stopped some from speculating about a big new employer.

Gas Prices Down In Past Week

The price for a gallon of regular unleaded has dropped over the past week.

State Parks To Seek Corporate Sponsors

Georgia has found a marketer to help sell advertising at its state parks to help keep them open. The marketing company the state hired in July is working on commission. It’s in the process of identifying what the parks could offer companies in exchange for sponsorship and what companies would be a good match for the park’s mission and programs.

Entrepreneur Starts Public Bus Service

A private transportation company has set up shop in Clayton County after the cash-strapped government ended local bus service. Local investor, Tywanna Albro, acquired five buses and six vans and has begun operating them on a couple of C-Tran routes.

Georgia Investigates Life Insurers

Georgia is investigating Prudential and MetLife. The probe comes after a national business magazine reported the companies were holding onto $28 billion owed to beneficiaries and making a profit from it.

Sea Island Company Files Bankruptcy

The Georgia-based Sea Island Company has filed for Chapter 11 bankruptcy protection. The coastal resort and development firm had trouble finding buyers for undeveloped land. Sea Island Company needed land buyers because it was in debt to the tune of $428 million.

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