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Atlanta Business News

Atlanta Business News

Hot weather heats up Southern Co. profit

Record-setting warm temperatures boosted Southern Co.’s second-quarter profit. (SO)

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Atlanta Business News

Lockheed begins F-35 wing work in Marietta

Lockheed Martin Corp.’s Marietta, Ga., facility on Tuesday started F-35 Lightning II center wing production operations. (LMT)

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Atlanta Business News

Georgia among nation’s worst economies

Georgia has the sixth-weakest state economy, according to a midyear review of state employment trends by Portfolio.com and bizjournals, the Internet arm of American City Business Journals, parent company of Atlanta Business Chronicle.

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Atlanta Business News

Aflac net income rises in second quarter

Aflac Inc.’s profit soared 85.3 percent in the second quarter. (AFL)

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Atlanta Business News

Global Payments solid in 2010

Global Payments Inc. ended its fiscal year with a nearly 22 percent rise in profitability. (GPN)

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Atlanta Business News

Premier Exhibitions to begin Titanic exploration

An Atlanta company will lead what is dubbed the most technologically advanced scientific expedition ever brought together to explore the Titanic and its wreck site. (PRXI)

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Atlanta Business News

GWCC ends in the red, but not as much as expected

The Georgia World Congress Center Authority ended its fiscal year with a loss, but half the loss it had projected.

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Atlanta Business News

Corey wins $17.5 million in airport lawsuit

A federal jury awarded $17.5 million to Corey Airport Services, finding the city of Atlanta, Clear Channel and Clear Channel’s minority partner tainted the bidding process for advertising at Hartsfield-Jackson Atlanta International Airport.

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Atlanta Business News

Georgia makes cut for Obama education grants

Georgia and 18 other states are finalists for a second round of grant funding for President Barack Obama’s new education reform program, U.S. Secretary of Education Arne Duncan announced Tuesday.

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Atlanta Business News

Census: Homeownership again hits 5-year low in South

Homeownership rates in the South dipped to their lowest level in five years during the second quarter, the U.S. Census Bureau reported Tuesday.

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Atlanta Business News

Regions reports $335M net loss in Q2

Regions Financial Corp. reported a second quarter net loss of $335 million on Tuesday, as it anticipates a hit from investigations into Morgan Keegan investments. (RF)

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Atlanta Business News

AirTran to open pilot base in Orlando

AirTran Airways plans to open a pilot base this fall in Orlando, Fla., joining Atlanta and Milwaukee as domiciles for its pilots. (AAI)

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Atlanta Business News

Consumer confidence drops, as ‘dark cloud’ remains

Consumer confidence dropped to the lowest level since February, with a “heightened level of anxiety” about the economy and the job market, according to a closely watched report.

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Atlanta Business News

Lockheed Martin lifts earnings 12%, raises forecast

Lockheed Martin Corp.’s Marietta, Ga.-based Aeronautics division has a profit decline of 7 percent in the second quarter. (LMT)

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Atlanta Business News

Atlanta lost 10,300 construction jobs in June

Metro Atlanta lost 10 percent of its construction jobs from June 2009 to June 2010, according to a new analysis of federal employment data released Tuesday by the Associated General Contractors of America.

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Atlanta Business News

Southern Co. promotes Fanning to chairman and CEO

David M. Ratcliffe, chairman, president and CEO of the Southern Co., announced Tuesday he will retire Dec. 1, and his successor will be Thomas A. Fanning, currently the company’s chief operating officer. (SO)

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Atlanta Business News

AGCO generates $63 million profit

A big jump in sales in South America gave a boost to AGCO Corp.’s bottom line in the second quarter.

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Atlanta Business News

Amrep adds Waterbury to the fold

Zep Inc. (NYSE: ZEP) subsidiary Amrep Inc. plans to buy Waterbury Companies Inc., which makes air care delivery systems and products for facility maintenance, for $66 million in cash. (ZEP)

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Atlanta Business News

Invesco profit sinks on acquisition charge

Charges from the acquisition of Morgan Stanley’s retail asset management business reduced Invesco Ltd.’s second-quarter profit.

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Atlanta Business News

Atlanta home prices up 1.7% in May

Metro Atlanta’s house prices continued steady improvement in May, according to the Standard & Poor’s/Case-Shiller Home Price Index released Tuesday.

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