Originally created 01/16/04

Business briefs



MARKETS

AROUND TOWN

Meeting to focus on gas company

The National Center for Economic Development, Business and Technology Inc. is sponsoring the South Augusta Business@Breakfast event Jan. 21 that will feature a program on how to do business with Atlanta Gas Light.

AGL Region Manager Robert Chaplin will be the guest speaker at the event, which will be at Dave's Restaurant in the Southgate Plaza shopping center on Gordon Highway from 7:30 to 9 a.m.

Reservations are required. For more information, call 792-1427.

Development group nstalls officers

Augusta real estate agent Loren Perry replaced former state Sen. Charles Walker as chairman of the Richmond County Development Authority when the agency installed its 2004 officers Thursday.

Terry Elam, the president of Augusta Technical College, was elected vice chairman, replacing Wachovia Bank executive Robert Osborne. Downtown business owner Peggy Golosky filled the vacant secretary position, and Ron Brown, the owner of food service company Ronlyn Corp., replaced Brenda Bonner as treasurer.

BRIEFLY

Gillette unveils motorized razor

BOSTON - Gillette rolled out a new high-tech, premium razor Thursday, a souped-up version of the Mach3Turbo featuring a tiny, battery-powered motor that emits pulses that work on the skin to prop up hair so it can be lopped off more easily.

The company said the device is expected to hit North American shelves in May. The price tag: $14.99 for the shaving system (including a battery), compared with $8.99 for the Mach3Turbo. A four-pack of blades will go for $10.99, a 15 percent premium.

IBM's earnings beat expectations

NEW YORK - IBM Corp. offered an upbeat outlook for 2004 as it announced that fourth-quarter earnings more than doubled and surpassed Wall Street expectations Thursday, continuing a streak of good financial news from technology companies.

In the last three months of 2003, IBM earned $2.7 billion, or $1.55 per share, on revenue of $25.9 billion. Those figures all surged from the comparable period a year earlier, when IBM posted a net profit of $1.0 billion, or 59 cents per share, on revenue of $23.7 billion.

ONLINE

Get up-to-the-minute business news and stock listings on all publicly traded companies at www.augustachronicle.com/stocks.