Atlanta Business Chronicle articles from February 1991

Atlanta Business Chronicle archives from February 1991

Theme park still brewing: Carterville sources expecting announcement soon. (Anheuser-Busch park in Georgia)
February 25, 1991... Theme park still brewing Anticipation of a huge Anheuser-Busch Inc. theme park in Cartersville has soared and plummeted like a roller coaster on a long ride for two years, but lately it has climbed particularly high. Reports have been...

Charter letter braces workers. (Charter Medical Corp. fights to avoid bankruptcy)
February 25, 1991... Charter letter braces workers Charter Medical Corp. CEO William A. Fickling Jr. seems confident that the Macon-based hospital giant will not have to enter bankruptcy proceedings. But in a letter circulated to Charter's employees on Feb....

Escort service owners indicted for operating prostitution ring. (Park Avenue and Associates)
February 25, 1991... Escort service owners indicted for operating prostitution ring Three Atlantans have been indicted by a federal grand jury for running an alleged organized prostitution ring under the guise of an escort agency. Besides being accused of...

Eagle investor Serrato denies his growing stake is allied with management. (Joseph C. Serrato, Eagle Bancshares Inc.)
February 25, 1991... Eagle investor Serrato denies his growing stake is allied with management For the past several months, Joseph C. Serrato has quietly been purchasing thousands of shares in Eagle Bancshares Inc., the holding company for Tucker Federal Savings...

Law firms cope with a tight market. (Atlanta's Arnall, Golden and Gregory)
February 25, 1991... Law firms cope with a tight market In a move that bucks the legal community's conventional wisdom, the law firm of Arnall, Golden & Gregory has elevated all its eligible associates to equity partnership at a time when law firms are...

Gulfstream Development in hot water with lender over Seven Oaks project. (executive-home community in northeast Fulton County)
February 25, 1991... Gulfstream Development in hot water with lender over Seven Oaks project The executive-home community of Seven Oaks in northeast Fulton County could go on the auction block March 5 if its developer and Philadelphia lender cannot successfully...

Asian buyers boosting real estate in Chamblee. (Atlanta's Chamblee Center)
February 25, 1991... Asian buyers boosting real estate in Chamblee Real estate deals abound in Atlanta's Asian community, where some of the city's newest residents are investing in their own back yards. Investors at the Asian-owned Chamblee Center, formerly...

Is Doug Barnard on 'big-bank kick'? (Georgia community bankers react to Augusta Congressman's reform efforts)
February 25, 1991... Is Doug Barnard on `a big-bank kick'? Augusta Congressman Doug Barnard's proposals to reform the U.S. banking system show that he is among the nation's most progressive bank thinkers on the House floor. But his progressive stance also...

Key executives defect from Arby's Inc. (fast food chain)
February 25, 1991... Key executives defect from Arby's Inc. Adjusting to a two-year drain of top management and streamlining in advance of moving day, Arby's Inc. is well along with a major reorganization effort. Much of the public attention has focused on...

Steel company charges ex-vp with stealing. (Southwest Stainless Inc.)
February 25, 1991... Steel company charges ex-vp with stealing An Atlanta steel company is accusing its former general manager of stealing its business. In a complaint filed in federal court on Feb. 15, Southwest Stainless Inc. (SWS) charges that the former...

Making money in music isn't pie in the sky. (Sky Records, an independent record label based in Norcross, Georgia)
February 25, 1991... Making money in music isn't pie in the Sky For Jim Parker, the crazy, carefree days of rock music are no longer. As general manager of Sky Records, an independent record label based in Norcross, "sex, drugs and rock 'n' roll" have been...

Stampede. (Mail Boxes Etc. opens Atlanta store)
February 25, 1991... STAMPEDE STAMPEDE. San Diego-based Mail Boxes Etc. has just committed to its 31st Atlanta store, says Joel Enger, regional franchise sales manager for the Southeast. The move marks the doubling of the company's Atlanta stores in the past...

Express orders.
February 25, 1991... EXPRESS ORDERS EXPRESS ORDERS. Atlanta-based Express Office Products has acquired Berman Office Products Inc. of Marietta as a means of offering expanded customer service which will eliminate purchase orders, enabling customers to order...

Miami food chain plans Atlanta entry. (Miami Subs)
February 25, 1991... Miami food chain plans Atlanta entry Miami Subs, a low-priced casual food chain has plans to enter the Atlanta market by summer, according to Miami Subs President C. Ronald Petty. The Miami-based chain operates 50 stores in the Miami...

Supreme Court upholds Coke suit dismissal. (antitrust suit)
February 25, 1991... Supreme Court upholds Coke suit dismissal The U.S. Supreme Court refused to review the dismissal of an antitrust suit filed against Southeastern Container, the Coca-Cola Co. and the 34 Coca-Cola bottlers that own Southeastern by Atlanta-based...

Belvedere Plaza shopping center sold. (Atlanta, Ga.)
February 25, 1991... Belvedere Plaza shopping center sold John Hunsinger and Co. announced the sale of the Belvedere Plaza shopping center to Malon D. Mimms for an undisclosed amount. Hunsinger brokered the transaction for the FDIC, which disposed of the property...

Contel settles suit. (Contel Corp.)
February 25, 1991... Contel settles suit Contel Corp. announced that a memorandum of understanding has been signed settling a class action suit filed against Contel and its directors following the announcement of its merger agreement with GTE Corp. Under...

New president at AFA Service.
February 25, 1991... New president at AFA Service AFA Service Corp., the Atlanta-based organization of Arby's Inc. franchisees, has a new president. He is Lloyd Fritzmeier, who most recently was senior vice president and management director at Alley and...

Holiday Inn expands Asia Pacific presence.
February 25, 1991... Holiday Inn expands Asia Pacific presence Atlanta-based Holiday Inn Worldwide, the hotel company, plans to nearly triple its number of managed and franchised hotels in the Asia Pacific region, where it has earmarked about $200 million for...

Young on board. (Andrew Young joins publisher World Times)
February 25, 1991... YOUNG ON BOARD. Andrew Young has been appointed to the international board of World Times, parent company of the World Paper, a monthly editorial supplement published in 24 countries. Young, current chairman of international for...

Georgia's foreign companies.
February 25, 1991... GEORGIA'S FOREIGN COMPANIES GEORGIA'S FOREIGN COMPANIES. Foreign business facilities employed more than 100,000 Georgians here at the close of 1990, according to a recent survey by the Georgia Department of Industry, Trade and Tourism. ...

Norrell to sell interest in headquarters building. (Norrell Corp.)
February 25, 1991... Norrell to sell interest in headquarters building Norrell Corp., the city's fourth-largest private company, is selling its half-interest in its Buckhead headquarters building. Norrell and partner PC Associates developed Piedmont Center...

Realty South.
February 25, 1991... REALTY SOUTH REALTY SOUTH. RRH Capital Management Inc., which owns 15.4 percent of Marietta-based Realty South Investors stock, has decided it will proceed with a proxy solicitation to replace the current board of directors, according to a...

Colony Square. (Atlanta office complex)
February 25, 1991... COLONY SQUARE COLONY SQUARE. Colony Square closed out 1990 with a 21 percent increase in occupancy. The Prudential Property Co.'s office/retail/hotel complex in Midtown leased 145,000 square feet of new tenants last year, taking the...

Minority mentor. (H.J. Russell and Co. forms mentor relationship with C.D. Moody Construction Co.)
February 25, 1991... MINORITY MENTOR MINORITY MENTOR. H.J. Russell & Co., the nation's fourth-largest minority-owned business enterprise, formed a mentor/protege relationship with Atlanta-based C.D. Moody Construction Co. The two companies jointly will...

McCann plucks KnowledgeWare off vine. (advertising contracts)
February 25, 1991... McCann plucks Knowledge Ware off vine While other national agencies in town are having a hard time growing and getting business, McCann-Erickson seems to be swooping down and plucking accounts from the vine. The latest is a $2 million...

Univesting. (Marietta-based Univest Financial Group Inc. offers computer service for banks trying to clean up loan portfolios)
February 25, 1991... UNIVESTING UNIVESTISNG. So while regulators are cracking down on bank credit procedures, a Marietta-based company is offering an integrated computer service for banks looking to clean up their loan portfolios or to help market the...

Ford's Hapeville plant tops in productivity. (Hapeville, Ga.)
February 25, 1991... Ford's Hapeville plant tops in productivity For all the bloodletting over why this side of the Pacific Ocean can't match Japanese companies in productivity, one contrary voice in the wilderness may be calling from Hapeville, Ga. Ford...

Smulian clan lets their clients see the lights. (Trimble House Corp., an Atlanta lighting fixtures manufacturer)
February 25, 1991... Smulian clan lets their clients see the lights If you were to ask Jim, Betty or Robert Smulian if they've got a light, the answer would be, "Yes, we have several." This family team of husband, wife and son is the brains behind...

Asian immigrants add to city's wealth. (Atlanta)
February 25, 1991... Asian immigrants add to city's wealth Unlike many other immigrant groups who come to Atlanta, Asians often arrive with plenty of money to invest. Thus they not only add to the city's population, but also to its wealth. However, the...

Turing PMA into OPM: thirty-year-old makes millions off meat. (Harry Peaden Jr., founder of Country-Fed-Meat Co.)
February 25, 1991... Turning PMA into OPM Harry Peaden Jr. says his fleet of Mercedes-Benz and Rolls Royces, as well as his collection of gold and diamond rings, are not for show: They serve as motivators for his sales people. "They're really gaudy, but they...

A taxing issue. (county commissioners in Georgia consider repealing 'freeport' tax exemptions)
February 25, 1991... A TAXING ISSUE A TAXING ISSUE. Businesses fight to keep tax breaks just as ardently as they try to topple many taxes. Rumors about the rebirth of legislation to allow county commissioners in Georgia to repeal "freeport" tax exemptions...

They're back. (Office of the Comptroller of the Currency to audit Southern banks)
February 25, 1991... They're back The Office of the Comptroller of the Currency has launched another round of comprehensive exams of the 14 largest banks in the Southeast, including C&S/Sovran, NCNB, First Union, First Wachovia and Barnett. This round of...

Lanier Plaza Hotel and Convention Center. (On the Record - Defense Contracts)
February 25, 1991... Lanier Plaza Hotel & Convention Center/Atlanta Contractor: DOC, Fort McPherson, Ga. Contractee/City: Lanier Plaza Hotel & Convention Center/Atlanta Product/Service: Provide lodging accommodations, meals, transportation and test rooms Total...

Simplex Nails Inc. (On the Record - Defense Contracts)
February 25, 1991... Simplex Nails Inc./Americus Contractor: General Services Administration, Fort Worth, Texas Contractee/City: Simplex Nails Inc./Americus

Carrol's Moving Storage Company Inc. (On the Record - Defense Contracts)
February 25, 1991... Carrol's Moving Storage Co. Contractor: Warner Robins Air Logistics Center, Robins AFB, Ga. Contractee/City: Carrol's Moving Storage Co. Inc./Macon Product/Service: Containerization Total Contract Price: $130,938 Date Awarded: Dec. 6, 1990

Siemens Medical Systems Inc. (On the Record - Defense Contracts)
February 25, 1991... Siemens Medical Systems Inc./Norcross Contractor: Carl Vinson VA Medical Center, Dublin, Ga. Contractee/City: Siemens Medical Systems Inc./Norcross Product/Service: Scanner Total Contract Price: $100,710 Date Awarded: Dec. 24, 1990

Sellers Oil Co. (On the Record - Defense Contracts)
February 25, 1991... Sellers Oil Co./Bainbridge Contractor: Defense Fuel Supply Center, Cameron Station, Alexandria, Va. Contractee/City: Sellers Oil Co./Bainbridge Product/Service: Fuel oil burner Total Contract Price: $121,443 Date Awarded: Dec. 7, 1990

Danka Business Systems. (On the Record - Defense Contracts)
February 25, 1991... Danka Business Systems/Macon Contractor: Warner Robins Air Logistics Center, Robins AFB, Ga Contractee/City: Danka Business Systems/Macon Product/Service: Copy machine rental Total Contract Price: $116,000 Date Awarded: Sept. 20, 1990

E.M. Powell. (On the Record - Defense Contracts)
February 25, 1991... E.M. Powell/Valdosta Contractor: U.S. Postal Service, Greensboro, N.C. Contractee/City: E.M. Powell/Valdosta Product/Service: New construction leased project Total Contract Price: $212,102 Date Awarded: Dec. 12, 1990

Franklin Products Corp. (On the Record - Defense Contracts)
February 25, 1991... Franklin Products Corp./Peachtree Contractor: Defense General Supply Center, Richmond, Va. Contractee/City: Franklin Products Corp./Peachtree City Product/Service: Cabinets, food warming Total Contract Price: $112,739 Date Awarded: Dec. 31,...

Drumheller Bag of Supply. (On the Record - Defense Contracts)
February 25, 1991... Drumheller Bag of Supply/Valdosta Contractor: General Services Administration, New York, N.Y. Contractee/City: Drumheller Bag of Supply/Valdosta Product/Service: Sandbags Total Contract Price: $153,750 Date Awarded: Oct. 16, 1990

Georgia Tech Research. (On the Record - Defense Contracts)
February 25, 1991... Georgia Tech Research Contractor: Space and Naval Warfare Systems Command, Washington, D.C. Contractee/City: Georgia Tech Research Corp./Atlanta Product/Service: Marine air traffic control and landing system Total Contract Price: $489,665...

Everett Dykes Grassing Company Inc. (On the Record - Defense Contracts)
February 25, 1991... Everett Dykes Grassing Co. Contractor: Warner Robins Air Logistics Center, Robins AFB, Ga. Contractee/City: Everett Dykes Grassing Co. Inc./Cochran Product/Service: Maintain/repair roads Total Contract Price: $428,992 Date Awarded: Dec. 13,...

Air Treads. (On the Record - Defense Contracts)
February 25, 1991... Air Treads/Atlanta Contractee/City: Air Treads/Atlanta Product/Service: Tire Total Contract Price: $121,605 Date Awarded: Jan. 18, 1991

Sellers Oil Co.
February 25, 1991... Sellers Oil Co./Bainbridge Contractor: Defense Fuel Supply Center, Cameron Station, Alexandria, Va. Contractee/City: Sellers Oil Co./Bainbridge Product/Service: Fuel oil diesel regular Total Contract Price: $689,475 Date Awarded: Jan. 3, 1991

Southern Co. (Earnings)
February 18, 1991... Southern Co. Southern Co. reported net income of $87 million, 27 cents a share, for the fourth quarter ended Dec. 31. For the year, net income was $604 million, $1.91 a share, compared to net income of $846 million, $2.68 a share, for...

The Weather Channel. (People in the News - Broadcast)
February 18, 1991... The Weather Channel The Weather Channel promoted Michael J. Eckert to CEO and Paul A. FitzPatrick was promoted to president and chief operating officer.

Turner Broadcasting System Inc. (People in the News - Broadcast)
February 18, 1991... Turner Broadcasting System Inc. * Turner Broadcasting System Inc. announced the following: Paul D. Beckham was named president, Turner Cable Network Sales; William H. Grumbles Jr. was named president, Turner Program Services International;...

Norman Klugman. (People in the News - Telecommunications)
February 18, 1991... Norman Klugman Norman Klugman was named president and chief operating officer of Advanced Telecommunications Corp.

OKI Telecom. (People in the News - Telecommunications)
February 18, 1991... * OKI Telecom * OKI Telecom appointed Tatsuo Ishihara as president and CEO.

Brock Control Systems. (On the Record - Contract Awards)
February 18, 1991... Brock Control Systems Brock Control Systems signed a software license distribution agreement with Temark, an Italian software house specializing in sales and marketing automation. Under the agreement, Temark will market, sell, distribute and...

Atlantic Southeast Airlines. (On the Record - Earnings)
February 18, 1991... Atlantic Southeast Airlines Atlantic Southeast Airlines Inc. reported net income of $4.4 million, 39 cents a share on revenues of $46.2 million for the fourth quarter ended Dec. 31. That compares to net income of $4.9 million, 41 cents a...

American Family Corp. (On the Record - Earnings)
February 18, 1991... American Family Corp. American Family Corp. reported net income of $33.5 million, 41 cents a share on revenues of $751.6 million, for the fourth quarter ended Dec. 31. That compares to net income of $25.8 million, 32 cents a share on...

Intermet Corp. (On the Record - Earnings)
February 18, 1991... Intermet Corp. Intermet Corp. reported a net loss of $11.6 million, 54 cents a share on revenues of $90 million, for the fourth quarter ended Dec. 31. That compares to net income of $3.2 million, 15 cents a share on revenues of $93.3...

Prime Bancshares Inc. (On the Record - Earnings)
February 18, 1991... Prime Bancshares Inc. Prime Bancshares Inc. reported net income of $576,000,34 cents a share, for the fourth quarter ended Dec. 31. That compares to net income of $878,000, 51 cents a share, for the same period the previous year. For the...

Equifax Inc. (On the Record - Earnings)
February 18, 1991... Engraph Inc. Engraph Inc. reported net income of $623,000, 4 cents a share on revenues of $50 million, for the fourth quarter ended Dec. 31. That compares to net income of $1.6 million, 9 cents a share on revenues of $49.4 million, for the...

Coca-Cola Co. (On the Record - Earnings)
February 18, 1991... Coca-Cola Co. Coca-Cola Co. reported net income of $294.3 million, 44 cents a share on revenues of $2.6 billion, for the fourth quarter ended Dec. 31. That compares to net income of $757.2 million, $1.11 a share on revenues of $2.2 billion,...

Engraph Inc. (On the Record - Earnings)
February 18, 1991... Equifax Inc. Equifax Inc. reported net income of $7.8 million, 10 cents a share on revenues of $283.7 million, for the fourth quarter ended Dec. 31. That compares to net income of $13.7 million, 17 cents a share on revenues of $267.8...

National Service Industries. (On the Record - Earnings)
February 18, 1991... National Service Industries National Service Industries Inc. reported net income of $24.6 million, 50 cents a share on revenues of $404.2 million, for the fourth quarter ended Dec. 31. That compares to net income of $24.2 million, 49 cents a...

Synovus Financial Corp. (On the Record - Earnings)
February 18, 1991... Synovus Financial Corp. Synovus Financial Corp. reported net income of $9.3 million, 28 cents a share, for the fourth quarter ended Dec. 31. That compares to net income of $6.4 million, 20 cents a share, for the same period the previous...

Atlanta Gas Light Co. (On the Record - Earnings)
February 18, 1991... Atlanta Gas Light Co. Atlanta Gas Light Co. reported net income of $23.7 million, $1.05 a share on revenues of $295.3 million, for the fourth quarter ended Dec. 31. That compares to net income of $21.2 million, 98 cents a share on revenues...

Wellington Leisure Products. (On the Record - Earnings)
February 18, 1991... Wellington Leisure Products Wellington Leisure Products Inc. reported a net loss of $82,000, 2 cents a share on revenues of $16.7 million, for the fourth quarter ended Dec. 31. That compares to net income of $753,000, 17 cents a share on...

HBO & Co. adopts shareholder rights plan.
February 18, 1991... HBO & Co. adopts shareholder rights plan HBO & Co. announced that to protect shareholders from coercive and unfair takeover attempts, it has adopted a Share Purchase Rights Plan. The rights, which only become active if certain conditions...

Synovus to acquire Citizens Federal. (Synovus Financial Corp., Citizens Federal Savings and Loan Association)
February 18, 1991... Sabena to cut out Atlanta flights Seeking to achieve profitability for the first time, Sabena, the national airline of Belgium, announced a plan to eliminate 2,200 jobs, revamp its organization, and cut back on long-distance international...

Premium waiver for POW/MIAs. (Atlanta-based insurance carrier Academy Insurance Group announces premium-waiver for Persian Gulf military personnel)
February 18, 1991... Premium waiver for POW/MIAs Academy Insurance Group, an Atlanta-based insurance carrier that specializes in military policies, announced that it has instituted a waiver-of-premium policy for policy holders in Saudi Arabia who become...

Tri Data combines with Tech:Time. (merger of software firms)
February 18, 1991... Tri Data combines with Tech:Time Tri Data Systems Inc., an Atlanta affiliate of BellSouth Enterprises that is a leading supplier of application software to the restaurant and hospitality industries, announced a business combination with...

Hearing delayed. (Georgia Public Service Commission )
February 18, 1991... Hearing delayed The Public Service Commission postponed a scheduled Feb. 5 hearing concerning Georgia Power Co.'s outdoor lighting construction and installation for at least 30 days. PSC Commissioner Bobby Pafford put off the hearing...

Atlanta Dairies, parent file Chapter 11.
February 18, 1991... Atlanta Dairies, parent file Chapter 11 Atlanta Dairies Inc. and its parent company, Finevest Foods Inc., filed for Chapter 11 banckruptcy protection in a Jacksonville, Fla., courtroom. "The protection afforded by the Chapter 11 process...

Health Images completes conversion. (Atlanta-based health care company)
February 18, 1991... Health Images completes conversion Health Images Inc., an Atlanta-based health care company that operates 27 magnetic resonance imaging centers, announced that it has completed the conversion of its 6.5 percent convertible subordinated...

Fitzgerald acquires Youngblood and Davis. (Atlanta advertising, public relations agencies Fitzgerald and Co., Julie Davis and Associates, Youngblood, Sweat and Tears)
February 18, 1991... Fitzgerald acquires Youngblood and Davis Fitzgerald & Co. became a holding company with the acquisition of two of the top local firms in their fields: Julie Davis & Associates on the public relations side, and Youngblood, Sweat & Tears on the...

Simmons finalists. (mattress maker's advertising contracts)
February 18, 1991... SIMMONS FINALISTS. The finalists for the $6 million to $8 million Simmons Co. account are: BBDO; Cole Henderson Drake; Fitzgerald & Co.; Pollak Levitt Chaiet; Tucker Wayne/Luckie & Co., and the incumbent, New York-based AC&R.

Big award. (Bennett Kuhn Warner wins ad award)
February 18, 1991... BIG AWARD. BIG AWARD. Bennett Kuhn Varner won a first place in the consumer collateral division of the international John Caples Awards. The awards are sponsored by the Direct Marketing Creative Guild of New York. The award was for a...

Two women find success piece of cake. (Atlanta bakers Melissa Bunnen, Helen Cleveland)
February 18, 1991... Two women find success piece of cake Melissa Bunnen and Helen Cleveland wanted to start a business together, but were a bit short of ideas. Then, Bunnen noticed how happy co-workers were when someone would bring in a cake to celebrate a...

Burns is a cop by day, and a plumber by night. (Donna Burns, co-owner of Atlanta's Burns Plumbing Service)
February 18, 1991... Burns is a cop by day, and a plumber by night You would think that Donna Burns is a modern day superwoman. By day she is an Atlanta police officer and in the evening her beat is plumbing. She is the co-owner of Burns Plumbing Service, a...

Begner plants an urban forest for office towers. (interior landscaper Dennis Begner)
February 18, 1991... Begner plants an urban forest for office towers "I am the Lorax, I speak for the trees; Which you seem to be chopping as fast as you please." So spoke the Lorax, the indomitable defender of the truffala trees in Dr. Seuss' environmental...

Atlanta women face Olympic-sized task. (members of Atlanta Committee for the Olympic Games)
February 18, 1991... Atlanta women face Olympic-sized task When the victorious Atlanta Olympics team returned from Tokyo in mid-September, an informal dais and microphone were set up in the Delta terminal. Surrounded by politicians and other glad-handers,...

New Ricoh plant puts technology to work on line. (Ricoh Electronics Inc. office copier toner plant) (Special Report: Computers & Office Technology)
February 18, 1991... New Ricoh plant puts technology to work on line At Ricoh Electronics Inc.'s office copier toner plant in Lawrenceville, microcomputers monitor a battery of tests on samples drawn hourly and zip the results to the building's main computer....

Hayes' modem verdict sends signal on patents. (Hayes Microcomputer Products patent infringement suit) (Special Report: Computers & Office Technology)
February 18, 1991... Hayes' modem verdict sends signal on patents When a San Francisco jury recently awarded Hayes Microcomputer Products $3.5 million in a patent infringement trial, the verdict involved more parties than just the Atlanta-based company and the...

Georgia Telecom 2000: businesses discuss their telecommunications needs. (Special Report: Computers & Technology) (panel discussion)
February 18, 1991... Georgia Telecom 2000 Businesses discuss their telecommunications needs Francis R. Faerber: My perspectives are going to be operationally based. First Wachovia has a data network that's comprised of three data processing centers and nine...

Atlanta lures Kuwaiti firm: Coca-Cola heir is partner in Mideast trading company. (International Trading Group Inc., David Candler)
February 18, 1991... Atlanta lures Kuwaiti firm A Kuwaiti trading company, recently uprooted by the Persian Gulf war, has established U.S. headquarters in Atlanta, from where it is helping American companies supply the Middle East. From plywood to golf...

BNL suit charges kickbacks. (Atlanta branch of Banca Nazionale del Lavoro accused of making unauthorized loans to Iraq)
February 18, 1991... BNL suit charges kickbacks Fired officials of Banca Nazionale del Lavoro's Atlanta agency are being accused by their former employer of receiving "substantial kickbacks" related to BNL-Atlanta's $3 billion in unauthorized loans to Iraq,...

Tech firms using recession to build market share via R&D. (Atlanta technology companies)
February 18, 1991... Tech firms using recession to build market share via R&D Atlanta's largest technology companies aren't letting the recession crimp their R&D spending. R&D spending is continuing to soar at American Software Inc., Knowledge Ware Inc. and...

DEA affidavit says five College Park firms front for cocaine operations. (College Park, Georgia)
February 18, 1991... DEA affidavit says five College Park firms front for cocaine operations According to an affidavit for a federal seizure warrant filed Jan. 18, United Real Properties, First Fidelity Funding, Blackland Development, Trigon Financial Services...