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GPB News - Innovation

Sea Island Creditors Lose Millions

A federal bankruptcy judge has approved the sale of the Sea Island Company. The sale satisfies most creditors, but leaves them pennies on the dollar. Sea Island owes several large banks about $500 million. They'll get about $180 million in the bankruptcy sale.

Georgia Boosts International Trade

The Department of Economic Development is hosting a series of missions and trade shows in Cuba, Germany and Turkey to tighten trade relations.

Beazer Absorbs $60 M Loss

A Georgia-based home builder reports a loss of $60 million for its last quarter. Beazer Homes says a fall in new orders and home closings contributed to the loss. Home sales are near their lowest levels in decades since the federal homebuyer tax credit expired in the spring.

Record Sales For Georgia Car

Sales of a car, made in West Georgia, posted record sales in October. The Kia Sorento is having a positive impact on the state’s economy.

Sea Island Settles Bankruptcy

A bankruptcy judge has approved Sea Island Co.'s plan to sell its luxury resorts, golf courses and private clubs to settle the Georgia company's Chapter 11 case.

Delta Attendants Reject Union

A flight attendants' union on Wednesday lost its all-or-nothing fight to cover those workers at Delta Air Lines Inc. The results showed almost 48 percent of Delta flight attendants voted in favor of joining the Association of Flight Attendants-CWA. They needed a majority.

AGL Wants More Natural Gas Stations

Atlanta Gas Light wants to create a network of natural gas refueling stations across the state. The proposal would make natural gas for vehicles available to the public for the first time.

Nuclear Energy's Next Generation

Officials with Savannah River Nuclear Solutions are partnering with technology companies to build a multi-reactor energy park.

Warehouse Raid Yields Rats, Birds, Bugs

Federal authorities seized more than $700,000 worth of rice and other items from what regulators described as a rodent-infested metro Atlanta warehouse. U.S. Marshals raided the warehouse operated by Sun Hong Kai Holding Inc., which does business as United Food Service.

PSC Approves Gas Rate Hike

The Public Service Commission approved a rate increase for Atlanta Gas Light customers today. But it’s less than what the company asked for.