Originally created 01/25/02

Business briefs



HMO gets record fine over prompt pay law

ATLANTA - Humana Employers Health Care of Georgia has been fined $400,000 for violating the state's prompt pay law, Insurance Commissioner John Oxendine announced Thursday.

It is the second time the HMO had to pay a penalty for delaying claims payments. Mr. Oxendine ordered the company to pay a $15,039 fine last year.

Thursday's fine was the state's largest ever against a health maintenance organization.

Alaska reconsiders 1979 income tax repeal

JUNEAU, Alaska - A drop in oil revenue has created a budget deficit so large that Alaska's politicians are seriously considering reinstituting the income tax.

Alaska, which abolished the tax in 1979, funds 80 percent of its $2.4 billion operating budget with oil taxes and royalties.

Gov. Tony Knowles has asked the Legislature for $400 million in new taxes to help close a $1.1 billion gap. The bulk of that - $350 million - would be an income tax that would have residents pay 18 percent of whatever their federal tax was.

Women's clothing store will close after 80 years

SAVANNAH - Women's specialty store Fine's, a fixture in Savannah for 80 years, - will close in March.

The store's lease at Oglethorpe Mall is up, and Fine's owner, Richmond, Va.-based Silver Fox Inc., isn't renewing the lease and isn't interested in relocating.

Fine's, which once occupied a massive downtown store on Broughton Street, moved to the mall location in 1992.

Gateway to shut stores, cutting 2,250 jobs

SAN DIEGO -Gateway Inc., the nation's fourth-largest computer maker, announced Thursday that it will eliminate 2,250 jobs and close 19 of its Country Stores in nine states to cut costs amid reduced sales.

A list of store closings was not immediately available. The company operates a store in the Augusta Exchange shopping center.

Gateway, which cut 5,000 workers last year, or nearly a quarter of its work force, does not expect any more layoffs this year, Chief Financial Officer Joe Burke said.

"We think this gets us to the right level," he said.



AllAccess


Trending this week:



 
 

The Augusta Chronicle © 2015. All Rights Reserved.  Contact Us  | Terms of Service  | Privacy Policy  | Advertise