Atlanta Business Chronicle articles from July 1993

Atlanta Business Chronicle archives from July 1993

Gullstedt files for bankruptcy. (G. Lars Gullstedt)
July 9, 1993... Owes $481 million; leaves Midtown projects high and dry G. Lars Gullstedt, the Swedish developer who planned to transform Midtown Atlanta with parks, pedestrian malls and soaring high-rises, has filed for personal bankruptcy in Sweden....

Investors back off Eagle board fight. (Eagle Bancshares Inc.)
July 9, 1993... A plan to gain control of the board of Tucker Federal savings and loan's parent company in hopes of making the thrift more attractive to buyers deflated last week, according to people familiar with the effort. Atlanta investment banker Lee...

Tech reactor gets boost. (Georgia Technology Research Corp; Neutron Technology Corp.)
July 9, 1993... Idaho biotech start-up plans nuclear therapy The Georgia Tech nuclear reactor -- which was almost decommissioned in the late 1980s after violations of federal safety regulations -- may be making a commercial comeback. An Idaho-based...

The vision thing. (Atlanta, Georgia)(includes related article)
July 9, 1993... Everybody says Atlanta needs it, but nobody seems to be stepping forward Listen to longtime civic bulldozer Dan Sweat and you can almost hear the sound of Atlanta's big chance slipping away. "Atlanta, for a long time, had a vision of...

Heart M.D.s keep uniting. (physician networks formed by cardiologists in Atlanta, Georgia)
July 9, 1993... Atlanta is emerging as the heart of several national cardiology physician network start-ups. So far, the National Cardiovascular Network, headed by Dr. William Knopf at Saint Joseph's Hospital of Atlanta, has made the biggest splash,...

The ticket to Atlanta's future. (Hartsfield Atlanta International Airport) (Special Report: International Business)
July 9, 1993... Hartsfield's engine must be kept going strong Despite the doldrums that the world airline industry finds itself in today -- fare wars with bankrupt carriers, too many jets, bloated staffs and shaky economies -- the march toward a global...

More Atlanta companies are franchising overseas. (Special Report: International Business)
July 9, 1993... Atlanta-based companies such as the Great American Cookie Co., National Vision Associates Ltd. and ExecuTrain are reaching across oceans to open franchises in international markets. The companies' executives believe that if a concept works in...

Defense cuts wound small business. (Atlanta, Georgia) (Industry Overview)
July 9, 1993... Local small defense firms prepare for the future amid recent reductions Small defense contractors in metro Atlanta have not absorbed the kind of body blow that huge weapons makers have suffered as the American military shrinks. Business has...

Fulfilling those childhood dreams through literature. (Children's Book and Gift Market, Atlanta, Georgia) (Company Profile)
July 9, 1993... Jan Barstow has a secret. As an unofficial book consultant, she might be expected to have favorites among the heavyweights of literature -- Ernest Hemingway or William Shakespeare. But her favorites are the ones with lots of pictures -- Dr....

Avery: high-tech meets old world. (Avery Fine Framing and Art) (Company Profile)
July 9, 1993... Virtually everything you see at Avery Fine Framing and Art is done by hand. Whether it's a hand-painted or gilded frame, it's typically constructed using the same methods that have been used in Europe for hundreds of years. There is,...

Were they too quick on the trigger? (Georgia Medical Board sued for overly strict enforcement of laws)
July 9, 1993... Lawsuit questions how state examining board goes about disciplining doctors A Savannah doctor is complaining that he is a victim of overly aggressive enforcement by the Atlanta-based state medical board. Dr. Robert Howard says officials at...

Takeover turbulence shakes Private Jet as Skybus files suit. (Private Jet Expeditions Inc.; Skybus Corp.)
July 9, 1993... Turbulence in Florida over the shutdown of charter operator Skybus is rocking Atlanta-based airline Private Jet, which is accused of trying to take over the fledgling Ft. Lauderdale company. Several weeks ago, Private Jet sued Skybus in...

Reliance raiding local trust executives. (Reliance Trust Co.; NationsBank Corp.)
July 9, 1993... If you're wondering what's become of your NationsBank trust officer, try phoning Reliance Trust Co. A new management team has taken over at Atlanta-based Reliance, led by Ken Phelps, former CEO of C&S/Sovran Trust Co., which is now part of...

Incubator helps European firms succeed. (Jordan Inter Start Inc.) (Special Report: International Business)
July 9, 1993... Eike Jordan has seen it happen many times. A small- to medium-sized German company sends to the United States a sales director experienced in international trade but unprepared for the slick, informal American market. Some first-name basis...

'Mother of all frauds' enters new phase. (securities fraud case filed against Jim Gilmore)
July 9, 1993... Bankruptcy meeting set in Chorco affair The Securities and Exchange Commission's civil case against Jim Gilmore -- one of the lead promoters of a bizarre, Atlanta-based get-rich-quick scheme -- appears to be winding down. But the mystery...

Cox sued over marketing firm acquisition. (Cox Enterprises Inc.; Main Street Advertising USA)
July 9, 1993... Seller alleges earn-out formula was unfair Cox Enterprises wants to be a major player in direct marketing, but a lawsuit now in federal court may cause the company to reconsider before it acquires more target marketing firms. Jim Verhey,...

Authority to sell S. Fulton Med Center. (South Fulton Medical Center, East Point, Georgia)
July 9, 1993... South Fulton Medical Center in East Point, which by its own admission is one of the quieter hospitals in today's hard-charging local market, is on the verge of a corporate restructuring and major bond refinancing. South Fulton Medical Center...

NAFTA's immigration rules aid expansion. (North American Free Trade Agreement) (Special Report: International Business) (Directory)
July 9, 1993... If and when the North American Free Trade Agreement (NAFTA) becomes law, its immigration provisions stand to help companies involved in high tech, environmental, logistics and other industries poised to benefit from Mexico's increasingly open...