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ECONOMY NEWS

United Security Bank of Sparta Fails

United Security Bank of Sparta Fails

The FDIC said that depositors of United Security Bank can continue writing checks or using ATM or debit cards over the weekend. The bank will be taken over by Ameris Bank of Moultrie.

 


 

Jobless Rate Tops 10% For First Time Since '83

Jobless Rate Tops 10% For First Time Since '83

The unemployment rate has surpassed 10 percent for the first time since 1983 -- and is likely to go higher.

Kia Plant Taking More Applications

Kia Plant Taking More Applications

Kia Motors says it will reopen the application process for production and maintenance jobs at its new assembly plant in West Point, outside Columbus.

CIT Files For Chapter 11 Bankruptcy Protection

CIT Files For Chapter 11 Bankruptcy Protection

CIT's move could mean the U.S. government will lose the $2.3 billion it sunk into CIT last year to prop up the ailing company.

Lean Manufacturing Helps Companies Survive Recession

Lean Manufacturing Helps Companies Survive Recession

Thousands of manufacturers have remained profitable during the recession by using a practice called lean manufacturing to become more cost-efficient.

CBO: Only 2 Percent Would Take Public Option

CBO: Only 2 Percent Would Take Public Option

The industry has argued strenuously for months that offering a government-run alternative would severely undermine private carriers.

People Plan For Thriftier Halloween

People Plan For Thriftier Halloween

Nearly one-third of consumers say the economy is affecting their Halloween spending, according to a survey by the National Retail Federation.

Stocks Rise After News of Economic Growth

Stocks Rise After News of Economic Growth

 The economy grew at a 3.5 percent pace in the third quarter, the best showing in two years, fueled by government-supported spending on cars and homes.

Pre-K Programs Get $1.7M Infusion From Stimulus

Pre-K Programs Get $1.7M Infusion From Stimulus

Holly A. Robinson, commissioner of the Georgia Department of Early Care and Learning, says the money will replace outdated supplies for the 82,000 children in the state's pre-k program.

Treasury, GMAC in Talks for 3rd Round of US Aid

Treasury, GMAC in Talks for 3rd Round of US Aid

The auto lender faces a November deadline to raise an $11.5 billion cushion mandated by results of the government's "stress test" earlier this year.

US Home Prices Rise for 3rd Month

US Home Prices Rise for 3rd Month

Industry experts, however, still worry that rising unemployment and foreclosures could stifle the rebound.

Recyclers Want More Time to Dispose of Clunkers

Recyclers Want More Time to Dispose of Clunkers

At some places, vehicles are parked bumper to bumper on several acres, waiting to be drained of fluids, stripped of valuable parts and eventually flattened for scrap.

Warner Robins Group Works to Secure Future of the Base

Warner Robins Group Works to Secure Future of the Base

The 21st Century Partnership looks ahead to future goals, focusing efforts on bringing more jobs and new flying missions to Robins Air Force Base. 

Goodwill Job Fair Draws Hundreds

Goodwill Job Fair Draws Hundreds

More than 800 job seekers crowded the Anderson Conference Center Thursday for a job fair.

TARP Head Says Pay Cuts For Executives Are Justified

TARP Head Says Pay Cuts For Executives Are Justified

The head of a committee that oversees the federal bailout fund says executive compensation in the country's large corporations is excessive and must be brought under control.

Job Seekers Prep for Success at Goodwill Fair

Job Seekers Prep for Success at Goodwill Fair

    With unemployment rates on the rise, Goodwill says competition for open positions is tight.

 

Unemployment Numbers Up Slightly in September

Unemployment Numbers Up Slightly in September

New unemployment numbers for Georgia show a slight increase over August.

23 States Report Higher Unemployment in September

23 States Report Higher Unemployment in September

Unemployment rates rose last month in 23 states and fell in 19 as the economy struggled to create jobs in the early stages of recovery.

Atlanta Will Use $11.2M to Hire 50 Police Officers

Atlanta Will Use $11.2M to Hire 50 Police Officers

The city will hire 50 new police officers with the help of $11.2 million in federal funds approved by the Atlanta City Council.

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