Georgia’s peanut acreage is at its lowest level in 30 years. That, combined with the drought will boost the price of peanut butter.
This year many farmers planted cotton instead of peanuts. Prices for cotton were high and there were plenty of peanuts in storage.
A Georgia Power spokeswoman says, the company is experiencing similar energy use and generation patterns as last year, despite this summer's heat.
Lynn Wallace says, when temperatures rise, Georgia Power turns on lesser-used power units to meet "peaking" demand.
Coca-Cola released a strong earnings report this week.
The Atlanta-based company says it had a 47 percent spike in revenue for its second quarter. Revenue totaled $12.7 billion. On the strength of that news, Coke’s stock is at a 12-year high.
Delta Airlines has announced plans to stop flights to more than 20 small airports.
Citing a $14 million loss, the Atlanta-based carrier says the flights to these airports average only half capacity, with some as low as 12 percent.
A real estate developer wants to renovate part of downtown Albany.
Albany city officials are considering a proposal to fix up Front Street.
The project is estimated to cost $10 million. It may include retail, condominiums, and office space.
Federal regulators seized two more Georgia banks late Friday, making 16 failures for the year and 67 since the middle of 2008, leading the nation. And there's likely more pain ahead for the industry in the rest of 2011.
Gov. Nathan Deal will host the second meeting of his Georgia competitiveness initiative, which focuses on job creation and a statewide economic development strategy.
The meeting will be held at 10 a.m. Monday in Atlanta at the Georgia Tech Conference Center.