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GPB News - Innovation

New Life For Old Plant

An Illinois real estate company has purchased the former Cooper Tire and Rubber Company plant in Albany for $8.5 million. Court records say the transaction between Cooper and Hilco Real Estate LLC of North Brook, Illinois, was completed September 29th.

Kroger Recalls Ice Cream With Unlisted Peanuts

Georgia is one of 10 states in which Kroger is recalling ice cream because it may contain peanuts not mentioned on the label.

Bad Assets Plague Savannah Bank

Banking regulators have told a relatively well-performing Savannah bank to reduce its troubled assets. The agreement between the The Savannah Bank and the Office of the Comptroller of the Currency reflects just how far Georgia banks have to recover from the Great Recession.

Athens Goes After Panhandlers

Officials in Athens are proposing a new ordinance to crack down on panhandlers in the Classic City’s downtown area.

Shaw Cuts Dalton Jobs

One of northwest Georgia's largest carpet companies has announced that it will close a manufacturing facility in Dalton, known for decades as the nation's carpet capital. The Daily Citizen reports that the closing of Shaw's plant on Riverbend Drive will result in 270 layoffs.

Macon Sports Hall Gets One Year Deal

The Georgia Sports Hall of Fame Authority has approved a license agreement with a Macon group to operate the museum for the next year, with options for two more years.

FDIC Sues Failed Alpharetta Bank

Federal regulators are suing 11 insiders at a failed Georgia bank, accusing them of gross negligence. The Federal Deposit Insurance Corp. accuses the executives and directors of Alpha Bank & Trust, in Alpharetta, of sloppy lending practices.

WORKING: The Benefits Of Distraction

Prowl Facebook and Twitter during any given workday and it looks like lots of people spend time using social media at work -- and not necessarily for business purposes.

Gas Prices Sparked War, Now Lawsuit

The owner of a Southeast Georgia gas station chain is suing Georgia Agriculture Commissioner Gary Black. The legal tiff is over discount gas prices. When you drive up to one of 25 Parker's Markets, you see two prices. One is the regular price for gas.

Senate Debate Gets Tepid Response

The US Senate is debating legislation to impose sanctions on China for undervaling its currency. While many in Georgia politics are stridently for or against the proposal, many in Georgia business have more complicated views.