Stay informed about business news and updates in Atlanta, GA.
Bally Sports has announced it will end its broadcasting deal for 11 Major League Baseball teams starting next year, marking a significant change in sports media rights. The decision reflects ongoing challenges faced by regional sports networks.
A death investigation is ongoing in midtown Atlanta following the discovery of a deceased individual on Spring Street. Police have not released the identity of the victim or the cause of death, and the area was cleared by officers around 10 a.m. on Monday.
Georgia's unemployment rate increased for the fourth consecutive month in August, rising to 3.6%, with over 190,000 residents reporting unemployment, the highest level in three years. This trend contrasts with a slight decrease in the national unemployment rate, which fell to 4.2%. The situation reflects a growing workforce that is not matched by job availability.
Atlanta has been named one of the top 10 most rat-infested cities in the U.S., according to pest-control company Terminix. The ranking is based on data from over 300 branches nationwide, highlighting the growing concern of rodent infestations in urban areas. New York City topped the list, while Atlanta was the only city in Georgia to make the top ten.
Two men are accused of breaking into an Atlanta restaurant, stealing alcohol, crab legs, and knives, prompting a call for public assistance from the Atlanta Police Department. This incident marks the latest in a series of burglaries targeting the same establishment. Investigators have released security camera images in hopes of identifying the suspects.
An Atlanta CEO, Micky Lee Wagner, has been sentenced to prison for a fraudulent scheme involving stolen identities that defrauded companies of over $5 million. Convicted of wire fraud and aggravated identity theft, Wagner's actions highlight serious issues surrounding corporate fraud and identity theft.
A DeKalb County woman, Lenora Kareem, claims she was charged thousands of dollars for car repairs she did not authorize after taking her vehicle in for a simple oil change. Kareem, a long-time customer of Tires Plus, expressed her frustration over the unexpected bill and lack of communication from the service provider.
AT&T and the Communications Workers of America (CWA) have reached a tentative agreement to end a monthlong strike affecting approximately 17,000 workers across the Southeast. The agreement includes significant wage increases and changes to health care premiums, reflecting the union's demands for better pay and benefits. Workers are expected to return to their jobs on September 16, 2024.
The Sundance Film Festival has narrowed its search for a new home to three finalists, indicating a significant shift for the renowned event. The decision is crucial as it affects the festival's future location, which has implications for local economies and cultural landscapes.
Fitch Ratings has upgraded the City of Atlanta's Issuer Default Rating (IDR) from AA+ to AAA, marking the highest credit rating in the city's history. This upgrade reflects Atlanta's strong fiscal management and diversified economy, making it an attractive location for businesses and residents. Mayor Andre Dickens and CFO Mohamed Balla emphasize the city's commitment to prudent financial practices and infrastructure investment.