Cremations are on the rise nationwide as Americans hold more tightly to their money during this recession. But Georgia is bucking the national trend. The number of cremations in America has gone up nearly every year for a century, and the Cremation Association of North America predicts the national rate to average 44 percent by 2015. Except in Georgia, where it’s projected at 11 percent.
A coalition is speaking out against Georgia Power’s 1.2 billion dollar rate hike request. Groups who might normally be at odds have found themselves on the same side of the fence.
A company has been tapped to build a new passenger ferry for Savannah. Custom Steel Boats Inc. in North Carolina has the $1.5 million contract to build a 67-foot, 150-passenger boat. Once in operation, the ferry will take riders from Savannah's downtown to the International Trade and Convention Center on Hutchinson Island.
The Public Service Commission heard testimony Monday morning from several groups opposed to Georgia Power's billion dollar rate hike request. The PSC's advocacy staff also says the amount is too high. In pre-filed testimony, the PSC staff says Georgia Power should get less than half of what it's asking for.
Unsecured creditors of bankrupt Sea Island Company will get pennies on the dollar for the money they're owed. A federal bankruptcy judge has approved the coastal resort's sale to a four-way partnership of out-of-state investors. The bulk of the company's $212 million sale price will go to secured creditors like banks. Unsecured creditors like retired executives will get just $6 million of the $100 million they're owed.
The Department of Economic Development is hosting a series of missions and trade shows in Cuba, Germany and Turkey to tighten trade relations.
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.
Kia posts record sales for Sorento. Crossover is built in Georgia. More than 10-thousand sold in October.
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. Judge John S. Dalis noted Sea Island's creditors voted almost unanimously in favor of the $212.4 million sale as he ruled in court Thursday.
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.