Shift from refinancings to home mortgages is increasing

With interest rates hovering around 4 percent for a couple of months, the mortgage market is drifting toward an equilibrium with home purchases versus refinancings.
By Tim Rausch and Jenna Martin

Marijuana industry's bank bid rejected by regulators

DENVER - A Colorado credit union is hoping a federal judge will intervene to let the booming marijuana industry move its finances from cash-stuffed suitcases to the regulated banking system.
By Kristen Wyatt

Internet-eavesdropping fears growing

SAN FRANCISCO - Like a lot of teenagers, Aanya Nigam reflexively shares her whereabouts, activities and thoughts on Twitter, Instagram and other social networks without a qualm.
By Michael Liedtke

Online viewers won't miss Super Bowl ads shown on TV

For first time, online viewers won't miss Super Bowl TV ads, under new ad-sale policy from CBS.
By Ryan Nakashima

Back-to-school shoppers head out on tax holiday

The allure of free sales tax was enough to draw soon-to-be Georgia Regents University freshman Tanousha Augustin into Best Buy on Friday for a laptop purchase.
By Jenna Martin

Tough week for social media stocks - no one is spared

Tough week for social media stocks as even high-flying Facebook, LinkedIn dip.
By Barbara Ortutay

Anna's Linens store closing

Anna's Linens, a home goods store open less than two years in Augusta, is preparing to shutter as part of its company's bankruptcy proceedings.
By Jenna Martin

Augusta banker named president of State Bank & Trust

Remer Brinson III, the former chief executive officer for Augusta-based First Bank of Georgia, has been named the president of State Bank & Trust, which now owns First Bank.
By Tim Rausch

Alexander Drive rezoning sought for grocer

Augusta planning commissioners will hear a request Monday to rezone property near the intersection of Washington Road and Alexander Drive for a "grocer use."
By Jenna Martin

Articles from the Business section archive

Tuesday, July 28, 2015

UPS 2Q profit beats Street as overseas business improves

ATLANTA — Overseas business helped UPS during its second quarter, as did the absence of a hefty charge recorded a year ago.

Monday, July 27, 2015

Plunge in Chinese shares helps send global markets lower

NEW YORK — The Shanghai market suffered an 8.5 percent plunge, the biggest one-day decline since February 2007. It was the latest big drop in the Chinese stock market, which has slumped since ...
By Ken Sweet

Generic drug giant Teva acquires Allergan unit

JERUSALEM - Israel's Teva Pharmaceutical Indus­tries is purchasing Allergan's generic pharmaceuticals business for $40.5 billion, boosting its position as the world's largest generic drugmaker.
By Daniel Estrin

West Coast trouble helps Georgia ports break records

SAVANNAH, Ga. — The two coastal ports handled 31.69 million tons of cargo during the 2015 fiscal year that ended June 30. That’s their greatest tonnage ever and an increase of nearly 8 ...
By Russ Bynum

Delta Air to buy stake in China Eastern Airlines

NEW YORK — Delta said it will pay $450 million to buy a stake in China Eastern Airlines as the Atlanta-based airline seeks to expand into China’s fast-growing travel industry.

As Fed meets, it edges toward its first rate hike since 2006

WASHINGTON — As Fed meets, it edges toward its first rate increase since 2006, possibly in September.
By Martin Crutsinger

Mega-merger would bolster Blue Cross in Georgia

ATLANTA — Anthem’s agreement to buy Cigna for $48 billion, if consummated, would cement the dominant position of Georgia’s leading health insurer.
By Andy Miller

Burger King's sales get another boost from Chicken Fries

NEW YORK — Burger King got a boost from the return of its “Chicken Fries.” Its parent company said Monday sales rose 7.9 percent at Burger King locations in the U.S. and Canada during the second ...

State Bank and Trust signs go up at First Bank branches

First Bank of Georgia was rebranded over the weekend to State Bank and Trust branches, its parent company.
By Tim Rausch

Lawmakers claims construction tax fraud

SAVANNAH, Ga. - A Democratic legislator says construction and movie-production companies are tax frauds and insists that the Department of Labor needs more inspectors to police worker ...
By Walter C. Jones

Sunday, July 26, 2015

Jekyll Island delays hotel plans

After nearly eight years of planning and failed deals with two developers, Jekyll Island has put off until next year finding a new partner to build a second hotel for its busy convention hub.
By Russ Bynum

Fiat Chrysler will offer to buy back pickups

DETROIT — Fiat Chrysler must offer to buy back more than 500,000 Ram pickups and other vehicles from customers in the biggest such action in U.S. history, part of a costly deal with safety regulators.
By Tom Krisher

Saturday, July 25, 2015

Weird Hotel 'manned' by robots

SASEBO, Japan — Hideo Sawada, who runs Weird Hotel as part of an amusement park, insists using robots is not a gimmick, but a serious effort to utilize technology and achieve efficiency.
By Yuri Kageyama

Manpower says hiring for summer is low here

Strong words from Manpower, the staffing firm, referring to Augusta: Second weakest in the nation.
By Tim Rausch

Airlines are looking to biofuels to meet soaring passenger demand

NEW YORK - The number of global fliers is expected to more than double in the next two decades. In order to carry those passengers, airlines are turning to a new technology: converting trash into ...
By Jonathan Fahey and Scott Mayerowitz

Friday, July 24, 2015

Transportation chief says 5 airlines part of price-gouging investigation

WASHINGTON - Transp­ortation Secretary Anthony Foxx said Friday that the government has opened a price-gouging investigation of airlines that allegedly raised airfares after a deadly Amtrak crash.
By Joan Lowy

Business news

DETROIT - Fiat Chrysler has decided to recall about 1.4 million cars and trucks in the U.S. just days after two hackers revealed that they took control of a Jeep Cherokee SUV over the Internet.

Anthem to buy Cigna in $48 billion deal

NEW YORK — Anthem is buying rival Cigna for $48 billion in a deal that would create the nation’s largest health insurer by enrollment, covering about 53 million U.S patients.
By Tom Murphy, Matthew Perrone and Michelle Chapman

Heat boosts air-conditioning repair business

Joe Savage, who owns Doc Savage Heat­ing & Air Conditioning, said a recent review of last month's sales report showed revenues had risen by 45 percent compared with last June.
By Jenna Martin

Tap turned off on loans for smaller businesses

NEW YORK - With more than two months to go in the current fiscal year, the government's biggest small-business loan program is on hold after running out of money.
By Joyce M. Rosenberg

Restaurant inspections

Search databases of the latest restaurant inspection reports for Richmond, Columbia and Aiken counties.

Property Transfers

Here are the Richmond County property transfers for July 9-16. The date indicates when the transfer was recorded in the clerk's office.

Day planner

Thursday: Augusta Metro Chamber of Commerce Executive Morning Mixer; 7:30 a.m.; Augusta Museum of History, 560 Reynolds St., Augusta; free for members, $25 for nonmembers; (706) 821-1318

On The Move

On The Move recognizes new hires and promotions.

Biz Bits

Biz Bits honors people and businesses that get awards, earn certifications or become appointed to civic boards.
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