ECONOMY NEWS
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.
The unemployment rate has surpassed 10 percent for the first time since 1983 -- and is likely to go higher.
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'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.
Thousands of manufacturers have remained profitable during the recession by using a practice called lean manufacturing to become more cost-efficient.
The industry has argued strenuously for months that offering a government-run alternative would severely undermine private carriers.
The company employs about 400 people.
Nearly one-third of consumers say the economy is affecting their
Halloween spending, according to a survey by the National Retail
Federation.
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.
Holly A. Robinson, commissioner of the Georgia Department of Early Care and Learning, says the money will replace outdated supplies for the 82,000 children in the state's pre-k program.
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.
Industry
experts, however, still worry that rising unemployment and foreclosures could stifle the rebound.
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.
The 21st Century Partnership looks ahead to future goals, focusing efforts on bringing more jobs and new flying missions to Robins Air Force Base.
More than 800 job seekers crowded the Anderson Conference Center Thursday for a job fair.
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.
With unemployment rates on the rise, Goodwill says competition for open positions is tight.
New unemployment numbers for Georgia show a slight increase over August.
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.
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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