Originally created 05/13/05

Business briefs



AROUND TOWN

Atlanta Bread Co. opens Aiken store

Augusta's Atlanta Bread Co. franchise owner has opened a second location at 1944 Whiskey Road in Aiken, across from the Wal-Mart store.

Owner Charlie Baggs said the 4,250-square-foot bakery-cafe features wi-fi internet access and provides seating for 130 inside and 20 on the outside patio. The store is one of the chain's new prototype facilities, offering an expanded menu with items including pizzas and calzones.

BRIEFLY

Maytag Investors decry outsourcing

Newton, Iowa - Maytag Corp. CEO RalphHhake took harsh criticism from shareholders thursday at the company's annual meeting but reaffirmed a plan that might include closing its flagship factory in Iowa and moving the jobs overseas.

The company, whose Dixie-Narco vending machine plant is the largest private-sector employer in Barnwell County, S.C., said moving jobs to Mexico and outsourcing to Asian companies are part of the company's strategy to compete with low-cost imported appliances.

UPS pilots give union OK to strike

ATLANTA - UPS Inc.'s pilots have voted to give their union leaders authority to call a strike as the carrier continues federal mediated talks aimed at reaching a new contract.

The Independent Pilots Association, which represents UPS' 2,483 pilots, said Thursday that 99 percent of those pilots who voted approved the strike authorization. The vote typically allows a union to call a strike but does not mean that a walkout is imminent.

Morgan Stanley group seeks split

NEW YORK - A group of former Morgan Stanley executives and dissident shareholders said Thursday that they want to spin off the firm's investment banking business.

The proposal would essentially reverse Dean Witter & Co.'s 1997 takeover of Morgan Stanley, which has been a source of bitterness to longtime Morgan Stanley employees, who saw the aggressive retail brokerage as spoiling the company's culture.

ONLINE

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REACH US

Contact Business Editor Damon Cline at: (706) 823-3486 or damon.cline@augustachronicle.com.