Atlanta Business Chronicle articles from November 1991

Atlanta Business Chronicle archives from November 1991

At least the Braves gave us a smile. (Atlanta Braves winning of the World Series)(Third Quarter Report: A Statistical Overview of Metro Atlanta Market Conditions)
November 25, 1991... Thank goodness for United Parcel Service, the Atlanta Braves and Fortune magazine. Were it not for them, Atlanta would be hard-pressed to find anything positive about the economic events in the third quarter. As with the first six months of...

KnowledgeWare fires 20 percent of work force. (Brief Article)
November 25, 1991... KnowledgeWare Inc. fired 200 employees, or 20 percent of its work force, to reduce costs. About 120 of the terminations affected workers in Atlanta. The rapidly growing Buckhead-based software firm has been rocked since the departure of two...

BellSouth scores Australian job. (BellSouth Corp. to build nationwide telecommunication network) (Brief Article)
November 25, 1991... Australia picked an international consortium headed by Atlanta-based BellSouth Corp. and Cable & Wireless PLC of Great Britain to build a $3 billion nationwide telecommunications network. BellSouth also agreed to invest as much as $3 billion...

Pharaon indicted. (Ghaith R. Pharaon ) (Brief Article)
November 25, 1991... Saudi businessman and one-time Georgia resident Ghaith Pharaon was indicted Nov. 15 along with other Bank of Credit & Commerce International (BCCI) officials on charges of secretly taking over a California bank and fraudulently dealing in...

Resurgens buys firm. (Resurgens Communications Group Inc.'s purchase of OmniCorp International B.V.'s equity and debt interest in COM Systems Inc.) (Brief Article)
November 25, 1991... Resurgens Communications Group Inc. completed its purchase of Omni-Corp International B.V.'s equity and debt interest in Com Systems Inc. for $31 million in cash and notes. Com Systems is a California company that, like Atlanta-based Resurgens,...

OSHA sets $90,000 for Norcross contractor. (Occupational Safety and Health Administration's proposed fine for E.L. Davis Contracting Co.) (Brief Article)
November 25, 1991... The Occupational Safety and Health Administration (OSHA) proposed fining E.L. Davis Contracting Co. of Norcross $90,000 following a trench cave-in that resulted in injury to a Davis employee. OSHA alleges that Davis willfully violated...

Harland stock buyback. (John H. Harland Co.) (Brief Article)
November 25, 1991... John H. Harland Co. said it will buy back up to 4 million shares of its common stock, or approximately 11 percent of its outstanding shares. Harland said it will use the stock for acquisitions and for funding its employee benefits plan.

Portman's latest prize. (Cecil Alexander to join John Portman and Associates) (Brief Article)
November 25, 1991... Nationally known architect Cecil Alexander, who has been involved in the design of many of Atlanta's buildings, will join John Portman & Associates to head the firm's domestic business development and execution. Alexander will be senior...

Spalding Commissioner fires blank. (former chairman of the Spalding County Planning Commission, Donald O. May's exxtortion case) (Brief Article)
November 25, 1991... The former chairman of the Spalding County Planning Commission, Donald O. May, 57, was recently sentenced to 10 months in federal prison, three years probation and a $20,000 fine for his attempt to extort $6,500 from a Griffin businessman....

Feathers fly at airport. (chief spokesman for Hartsfield Atlanta International Airport, John Braden, reassigns to new duties) (Brief Article)
November 25, 1991... Longtime chief spokesman for Hartsfield Atlanta International Airport, John Braden, has been reassigned to new duties. Braden will henceforth be the airport's main liaison with the Georgia congressional delegation and also work on "route...

Atlanta's emerging black leadership.
November 25, 1991... For more than two decades, a group of powerful black business leaders -- primarily Herman J. Russell, Jesse Hill and Owen Funderburg -- rivaled Atlanta's politicians in influence. As head of the city's largest black-owned construction company,...

Nestle building big complex here. (distribution center in Atlanta)
November 25, 1991... Huge distribution center could employ 150 workers Nestle S.A., one of the world's largest food companies, has chosen Atlanta as one of seven regional distribution sites around the country and plans an initial 700,000-square-foot center, with...

Power dining '90s style: famous chefs opening Atlanta restaurant. (Tom Coohill to team up with Jean Banchet to launch French-American bistro Ciboulette)
November 25, 1991... A slowdown in the restaurant industry is not stopping two separate ventures from beginning work on local projects sure to boost Atlanta's image as a growing gourmet city. In one venture, City Grill executive chef Tom Coohill is teaming up...

Fulton Federal Savings Bank. (acquisition)(Third Quarter Report: A Statistical Overview of Metro Atlanta Market Conditions) (Brief Article)
November 25, 1991... Fulton Federal Savings Bank was officially put to rest this July, when a group of eight separate banks bought up branches and deposits of what was once Atlanta's largest savings bank. SouthTrust Corp. of Birmingham, Ala., was the only bidder...

Tom Perdue. (resignation from Southern Bank Group)(Third Quarter Report: A Statistical Overview of Metro Atlanta Market Conditions) (Brief Article)
November 25, 1991... Tom Perdue, the founding chairman and CEO of Northside Bank & Trust and its holding company, Southern Bank Group, resigned in September, saying that with the bank's financial trouble, he felt he couldn't earn his salary anymore. Perdue,...

First National Bancorp. (acquisition of First National Bank of Paulding County)(Third Quarter Report: A Statistical Overview of Metro Atlanta Market Conditions) (Brief Article)
November 25, 1991... First National Bancorp of Gainesville, Ga., signed a letter of intent to acquire First National Bank of Paulding County. The deal, if completed, will be the first acquisition for FNB Gainesville in two years.

Etowah Bank. (acquisition of First Federal Savings Bank of Paulding County)(Third Quarter Report: A Statistical Overview of Metro Atlanta Market Conditions) (Brief Article)
November 25, 1991... Etowah Bank of Canton was the winning bidder for now-defunct First Federal Savings Bank of Paulding County.

Bank South Corp. (new management)(Third Quarter Report: A Statistical Overview of Metro Atlanta Market Conditions) (Brief Article)
November 25, 1991... Bank South Corp. and its new management team started its attempt to turn around the Atlanta bank. Bank South added two more C&S veterans, Ray K. Williams and Lee Sessions, to its senior management team. Williams is now the bank's No. 2...

C&S/Sovran Corp. (merger with NCNB Corp.)(Third Quarter Report: A Statistical Overview of Metro Atlanta Market Conditions) (Brief Article)
November 25, 1991... C&S/Sovran Corp. continued on its course to merging with NCNB Corp. to create NationsBank, the fourth-largest bank in the United States. NCNB executives have clearly gotten the upper hand in the formation of the NationsBank management team....

First American Bank of Georgia. (acquisition)(Third Quarter Report: A Statistical Overview of Metro Atlanta Market Conditions) (Brief Article)
November 25, 1991... First American Bank of Georgia was officially put up for sale by its owners. First American's parent company has been embroiled in the Bank of Credit and Commerce International bank scandal, and the negative news has led to a run-off in...

Commercial Bank of Georgia. (acquisition of Enterprise National Bank)(Third Quarter Report: A Statistical Overview of Metro Atlanta Market Conditions) (Brief Article)
November 25, 1991... Commercial Bank of Georgia announced it signed a letter of intent to acquire Enterprise National Bank. The deal, if completed, would spell the end of banking for former Days Inns CEO Richard Kessler, whose venture into community banking ended...

Prime Bank FSB. (limit of asset growth)(Third Quarter Report: A Statistical Overview of Metro Atlanta Market Conditions) (Brief Article)
November 25, 1991... Prime Bank FSB entered into a written agreement with its regulator, the Office of Thrift Supervision, to limit its asset growth to 12.5 percent in a six-month period, to increase its loan loss reserve-by $700,000 to $2.5 million, and to develop...

Atlanta's people-movers are stalled. (grant request for monorail trains)(Third Quarter Report: A Statistical Overview of Metro Atlanta Market Conditions)
November 25, 1991... Atlanta's ambitions for people-mover monorail trains are not chugging very fast. Efforts for a short-ride shuttle through commercial Buckhead were sidetracked when the federal government nixed a grant request. An executive's full plate and...

Volatility belies PMI's 3Q stability. (Purchasing Managers' Index)(Third Quarter Report: A Statistical Overview of Metro Atlanta Market Conditions)
November 25, 1991... On the surface, the monthly Purchasing Managers' Index for Metro Atlanta during the third quarter of 1991 appears as uneventful as the May-tag repairman's average day. September's reading of 51.1 was barely higher than the levels in August...

Finally, another Hartsfield carrier? (Hollis Harris to start up an Atlanta-based airline) (Brief Article)
November 25, 1991... Aviation sources say Hollis Harris, the former president of Delta Air Lines, is trying to start up an Atlanta-based airline. Harris and his partner, Lamar Duratt, already have spoken to city of Atlanta Aviation Commissioner Ira Jackson,...

Morrison's eyes new concept. (Morrison's Inc. to buy George Rohrig's Azio restaurant to expand its wood burning pizza and pasta concept nationwide) (Brief Article)
November 25, 1991... Restaurant conglomerate Morrison's Inc. is talking to George Rohrig about buying his Azio restaurant in Buckhead in order to expand the woodburning pizza and pasta concept nationwide. Mobile, Ala.-based Morrison's owns Ruby Tuesday's, L&N...

Furniture franchising. (Aaron Rents Inc. to franchise its Aaron Rent-to-Own concept) (Brief Article)
November 25, 1991... Aaron Rents, the $143 million-sales Atlanta-based furniture rental company, is planning to franchise its Aaron Rent-to-Own concept. One name under consideration is Aaron's 12-to-Own, meaning it would take 12 months to own the item. "We don't...

Germans buy Lakeside. (Equitable Real Estate Investment and Management Inc.'s Lakeside Commons office complex) (Brief Article)
November 25, 1991... Equitable Real Estate Investment and Management sold its Lakeside Commons office complex on the Perimeter to a German investor group. "The property was seasoned and we felt the timing was appropriate to sell," says Ashley Jenkins, an...

Operators dial number for business success. (Caroline Kurilec and Cheryl Chandler's Communication Business Services Inc.)(Entrepreneurs) (Company Profile)
November 25, 1991... The image of the woman at the switchboard is one that has stayed constant throughout the whirl of rapidly changing technology in the telecommunications industry. Many clients would rather hear a woman's voice at the end of the line than a...

Kolberg makes money from business's chaos. (professional organizer Judith Kolberg)(Entrepreneurs) (Company Profile)
November 25, 1991... Nothing teaches better than a recession the need for efficiency, streamlining and organization in a business infrastructure. Professional organizer Judith Kolberg and FileHeads, her 3-year-old business, have benefited from current choppy...

Take 17 steps to Decatur for gift-giving variety. (Decatur gift shop Seventeen Steps)(Entrepreneurs) (Company Profile)
November 25, 1991... "Location, location, location" is the supreme business maxim, and the Decatur gift shop Seventeen Steps has proved the rule in its 15-year history. Owned for the past 10 years by mother-and-daughter Brenda and Julie Cobb, the store has been...

Interface Flooring Systems Inc. (carpet tiles FS775 for $199,949)(Defense Contracts) (Brief Article)
November 25, 1991... Contrator: U.S. Army Tank Automotive Command, Warren, Mich. Contractee/City: Interface Flooring Systems Inc., La Grange Product/Service: Carpet tiles FS775 Total Contract Price: $199,949 Date Awarded: Oct. 8

Southern States Contracting Co. (Defense Contracts) (Brief Article)
November 25, 1991... Contractor: Department of the Army Contracting Division, Fort Stewart, Ga. Contractee/City: Southern States Contracting Co., Augusta Product/Service: Construct automated data classroom Total Contract Price: $185,000 Date Awarded: Oct. 3

Superior Cable Corp. (Defense Contracts) (Brief Article)
November 25, 1991... Contractor: Defense Industrial Supply Center, Philadelphia, Pa. Contractee/City: Superior Cable Corp., Atlanta Product/Service: Cable, telephone Total Contract Price: $142,344 Date Awarded: Oct. 21

Lockheed Aeronautical Systems Co. (engineering services for $840,000)(Defense Contracts) (Brief Article)
November 25, 1991... Contractor: Directorate of Contracting, Warner Robins Air Logistics Center, Robins AFB, Ga. Contractee/City: Lockheed Aeronautical Systems Co., Marietta Product/Service: Engineering services Total Contract Price: $840,000 Date Awarded: Oct. 4

All South Refrigeration Inc. (Defense Contracts) (Brief Article)
November 25, 1991... Contractor: OICC, Beaufort Area, Port Royal, S.C. Contractee/City: All South Refrigeration Inc., Augusta Product/Service: Repair ceiling Total Contract Price: $497,552 Date Awarded: Oct. 4

Georgia Tech Research Corp. (Defense Contracts) (Brief Article)
November 25, 1991... Contractor: Directorate of Contracting, Warner Robins Air Logistics Center, Robins AFB, Ga. Contractee/City: Georgia Tech Research Corp., Atlanta Product/Service: Engineering services Total Contract Price: $450,000 Date Awarded: Oct. 4

Lockheed Aeronautical Systems Co. (circuit card assembly for $105,450)(Defense Contracts) (Brief Article)
November 25, 1991... Contractor: Navy Aviation Supply Office, Philadelphia, Pa. Contractee/City: Lockheed Aeronautical Systems Co., Marietta Product/Service: Circuit card assembly Total Contract Price: $105,450 Date Awarded: Oct. 22

Prince Sheet Metal Works Inc. (Defense Contracts) (Brief Article)
November 25, 1991... Contractor: Directorate of Contracting, Warner Robins Air Logistics Center, Robins AFB, Ga. Contractee/City: Prince Sheet Metal Works Inc., Macon Product/Service: Extend natural gas main Total Contract Price: $112,634 Date Awarded: Oct. 4

H. Hendricks Contracting Inc. (Defense Contracts) (Brief Article)
November 25, 1991... Contractor: Directorate of Contracting, Warner Robins Air Logistics Center, Robins AFB, Ga. Contractee/City: H. Hendricks Contracting Inc., Valdosta Product/Service: Renovate five restrooms Total Contract Price: $149,969 Date Awarded: Oct. 4

Lowe Engineers. (Defense Contracts) (Brief Article)
November 25, 1991... Contractor: Tennessee Valley Authority Purchasing, Chattanooga, Tenn. Contractee/City: Lowe Engineers, Atlanta Product/Service: Global positioning system Total Contract Price: $140,000 Date Awarded: Oct. 8

Arcon Inc. (Defense Contracts) (Brief Article)
November 25, 1991... Contractor: Operational Contracting Office, Columbus AFB, Mo. Contractee/City: Arcon Inc., Roswell Product/Service: Alter/repair swimming pool Total Contract Price: $181,780 Date Awarded: Oct. 3

Classic City Mechanical Inc. (Defense Contracts) (Brief Article)
November 25, 1991... Contractor: Directorate of Contracting, Warner Robins Air Logistics Center, Robins AFB, Ga. Contractee/City: Classic City Mechanical Inc., Winterville Product/Service: Provide cathodic protection Total Contract Price: $50,109 Date Awarded: Oct....

C. Gray Inc. (Defense Contracts) (Brief Article)
November 25, 1991... Contractor: Operational Contracting, Moody AFB, Ga. Contractee/City: C. Gray Inc., Valdosta Product/Service: Construct BCE storage Total Contract Price: $61,437 Date Awarded: Oct. 11

Amtech Reliable Elevator Co. (Defense Contracts) (Brief Article)
November 25, 1991... Contractor: Directorate of Contracting, Fort McPherson, Ga. Contractee/City: Amtech Reliable Elevator Co., Atlanta Product/Service: Repair elevators Total Contract Price: $143,944 Date Awarded: Oct. 8

A-1 Service Co. Inc. (Defense Contracts) (Brief Article)
November 25, 1991... Contractor: Directorate of Contracting, Warner Robins Air Logistics Center, Robins AFB, Ga. Contractee/City: A-1 Service Co. Inc., Warner Robins Product/Service: Repair emergency lights Total Contract Price: $97,617 Date Awarded: Oct. 4

Removal and Abatement Technologies Inc. (Defense Contracts) (Brief Article)
November 25, 1991... Contractor: DOC, Fort Jackson, S.C. Contractee/City: Removal and Abatement Technologies Inc., Augusta Product/Service: Remove asbestos-containing materials Total Contract Price: $767,350 Date Awarded: Oct. 11

Brigade Quartermasters Ltd. (Defense Contracts) (Brief Article)
November 25, 1991... Contractor: Contracting Division, DOC, Fort Bragg, N.C. Contractee/City: Brigade Quartermasters Ltd., Kennesaw Product/Service: Recreational and athletic equipment Total Contract Price: $238,014.26 Date Awarded: Oct. 11

Intermarine USA. (Defense Contracts) (Brief Article)
November 25, 1991... Contractor: Supervisor of Ship Building, Conversion and Repair, USN, Naval Base, Charleston, S.C. Contractee/City: Intermarine USA, Savannah Product/Service: ROH/YD 210 Total Contract Price: $196,331 Date Awarded: Oct. 1

Borden Inc. (Defense Contracts) (Brief Article)
November 25, 1991... Contractor: VA Medical Center, Charleston, S.C. Contractee/City: Borden Inc., Decatur Product/Service: Milk for the VA Medical Center Total Contract Price: $50,467 Date Awarded: Oct. 4

Borden Inc. (Defense Contracts) (Brief Article)
November 25, 1991... Contractor: VA Medical Center, Charleston, S.C. Contractee/City: Borden Inc., Macon Product/Service: Milk for VA Medical Center Total Contract Price: $100,642 Date Awarded: Oct. 4

T&D Mechanical Inc. (Defense Contracts) (Brief Article)
November 25, 1991... Contractor: Directorate of Contracting, Fort Benning, Ga. Contractee/City: T&D Mechanical Inc., Columbus Product/Service: Replace heating system Total Contract Price: $382,760 Date Awarded: Oct. 11

Hurst Boiler Co. (Defense Contracts) (Brief Article)
November 25, 1991... Contractor: Contracting Division, DOC, Fort Bragg, N.C. Contractee/City: Hurst Boiler Co., Coolidge Product/Service: Purchase of replacement steam boiler and hot water boiler Total Contract Price: $97,016 Date Awarded: Oct. 9

CrownAmerica Inc. (Earnings) (Brief Article)
November 25, 1991... CrownAmerica Inc. reported a net loss of $568,000, 54 cents a share, on revenues of $14.3 million for the fourth quarter ended Aug. 31. That compares with a net loss of $327,000, 31 cents a share, on revenues of $16.3 million for the same...

EQK Green Acres L.P. (Earnings) (Brief Article)
November 25, 1991... EQK Green Acres L.P. reported net income of $19,000, no cents a share, on revenues of $4.2 million for the third quarter ended Sept. 30. That compares with net income of $1.2 million, 11 cents a share, on revenues of $4.3 million for the same...

IRT Property Co. (Earnings) (Brief Article)
November 25, 1991... IRT Property Co. reported net income of $1.5 million, 12 cents a share, on revenues of $7.2 million for the third quarter ended Sept. 30. That compares with net income of $2.0 million, 17 cents a share, on revenues of $7.4 million for the same...

Intown home builders seeing red. (new legislation to restrict intown home building)
November 25, 1991... New subdivision regs proposed "It's the most damaging housing policy since Sherman burned Atlanta!" That's the message several local home builder groups are using to mobilize their members to defeat city legislation they say will severely...

Venture partner gave Tory the nod for three-year Fulton insurance contract. (Atlanta International RMI and Webber Consulting Group; Horace Tory; Fulton County)
November 25, 1991... Horace Tory, president of Atlanta International RMI, Fulton County's sole insurance broker for facilities and property, was linked financially to the consulting group that recommended RMI get the county contracts, according to documents...

Acquisition puts Paragon in $500 million range. (Paragon Mortgage Corp.)
November 25, 1991... Atlanta-based Paragon Mortgage Corp. nearly doubled its annual residential loan origination volume to $500 million with the acquisition of All Georgia Mortgage Corp., a wholesale mortgage banker, and All Georgia Mortgage Commercial Corp., a...

Resurgens Communications Group Inc. (Earnings) (Brief Article)
November 25, 1991... Resurgens Communications Group Inc. reported net income of $20,000, no cents a share, on revenues of $6.1 million for the first quarter ended Sept. 30. That compares with net income of $231,000, 1 cent a share, on revenues of $5.9 million for...

Israel bonds lure investors with a heart.
November 25, 1991... Standing on a dais framed by a black silhouette of the walled city of ancient Jerusalem, former CBS News correspondent Robert Evans recounted a speech Golda Meir gave to Jewish businessmen in Chicago in 1947. Despite the prosperity they...

Duo giving Premier a big shot in arm. (Richard L. Jackson and Gerald R. Benjamin to expand Premier HealthCare Inc.)
November 25, 1991... Flush with $50 million in equity capital, Richard L. Jackson and Gerald R. Benjamin have teamed up to expand an Atlanta company that provides business support to private medical practices. The company, Premier HealthCare Inc., is a joint...

UPS tax break, bond issue set. (United Parcel Service of America Inc.)
November 25, 1991... On Dec. 4, the Fulton County Development Authority plans to close on a $100 million bond issue to United Parcel Service of America -- its largest bond issue ever. Accompanying the bond issue is a property tax break -- or as one municipal...

Bashing bankers is all the rage in D.C. (Congress to limit interest rates on credit cards)
November 25, 1991... First it was the ill-fated banking bill, now it is capping rates on credit cards. Deservedly or not, bankers feel that they are being unfairly penalized for many of the nation's economic problems. "Bank bashing is trendy right now," says Anne...

Investor ups HomeTrust bank stake. (Harry Williamson; HomeTrust Bank of Georgia)
November 25, 1991... Harry Williamson has increased his stake in HomeTrust Bank of Georgia to 5.6 percent, pledging to use his stake to either force changes in management or arrange the sale of the bank, according to a filing with the Securities and Exchange...

Japanese execs eyeball home infusion therapy.
November 25, 1991... A delegation of Japanese health care company representatives came to metro Atlanta last week to study the booming U.S. home infusion industry, saying what works here today could work in Japan tomorrow. Although home infusion in Japan may be...

Howard L. Yates. (Computers/Data Processing) (Brief Article)
November 25, 1991... IT Corp. of America announced the appointment of Howard L. Yates as president and CEO of the company's U.S. operations.

Gajjar Engineering Systems Inc. (Defense Contracts) (Brief Article)
November 25, 1991... Contractor: Officer in Charge of Construction, Naval Air Station, Pensacola, Fla. Contractee/City: Gajjar Engineering Systems Inc., Kennesaw Product/Service: Repairs to crane rails Total Contract Price: $296,000 Date Awarded: Oct. 11

Marathon Construction Co. Inc. (Defense Contracts) (Brief Article)
November 25, 1991... Contractor: Facilities Service Office, Atlanta Contractee/City: Marathon Construction Co. Inc., Norcross Product/Service: Expansion Total Contract Price: 787,200 Date Awarded: Oct. 3

Over and Under General Contractors. (Defense Contracts) (Brief Article)
November 25, 1991... Contractor: Officer in Charge of Construction Jacksonville Area, Jacksonville, Fla. Contractee/City: Over and Under General Contractors, East Point Product/Service: Repair static/neutral conductors Total Contract Price: $64,208 Date Awarded:...

Vertex Mechanical Industries. (Defense Contracts) (Brief Article)
November 25, 1991... Contractor: 363 TFW/LGCK, Shaw AFB, S.C. Contractee/City: Vertex Mechanical Industries, Augusta Product/Service: Repair steam distribution/basewide Total Contract Price: $82,322 Date Awarded: Oct. 11

Leco Sales Corp. Inc. (Defense Contracts) (Brief Article)
November 25, 1991... Contractor: Contracts Division, Supply Directorate, Cherry Point, N.C. Contractee/City: Leco Sales Corp. Inc., Augusta Product/Service: Elemental analysis system Total Contract Price: $98,515 Date Awarded: Oct. 3

Matmaco Inc., Warner Robins. (Defense Contracts) (Brief Article)
November 18, 1991... Contractor: Directorate of Contracting, Warner Robins Air Logistics Center, Robins AFB, Ga. Contractee/City: Matmaco Inc., Warner Robins Product/Service: Relamp and replace ballasts in building Total Contract Price: $77,689 Date Awarded: Sept....

Local translators press for accreditation. (Atlanta Association of Interpreters and Translators) (Industry Overview)
November 18, 1991... Courts still don't require interpreters Atlanta's leading organization for language interpreters and translators wants recognition -- through professional standards and law -- that theirs is a profession, not a craft for well-meaning...

Cable TV slump still hurting S-A. (Scientic-Atlanta Inc.)(Special Report: Telecommunications)
November 18, 1991... With Scientific-Atlanta Inc.'s earnings down by more than half in the first quarter that ended in September, the company's CEO says he sees no immediate upswing in sight. The Norcross-based telecommunications equipment manufacturer has been...

Gold Kist taps Chitwood. (Harold O. Chitwood elected as new chief executive officer) (Brief Article)
November 18, 1991... Atlanta-based Gold Kist Inc. has elected Harold O. Chitwood, 61, as the company's new CEO and chairman of the management committee. Chitwood replaces Don W. Sands, who retired after 44 years with the farm and poultry cooperative. Chitwood had...

Southern Co. squeezing two buildings into one. (consolidates operation in Building 64A)
November 18, 1991... The Southern Co., the holding company that owns Georgia Power Co., plans to double up in one of its two north Atlanta headquarters buildings to save money. Management last week distributed a memo announcing its plans to move about 420...

Drug firm W.E. Hauck sold to N.J. company. (Roberts Pharmaceutical Corp.) (Brief Article)
November 18, 1991... Alpharetta pharmaceutical maker and distributor W.E. Hauck Inc. agreed to be acquired by Roberts Pharmaceutical Corp. of Eatontown, N.J., in a deal valued at $7.6 million. Founded in 1975, Hauck distributes more than 40 pharmaceutical products...

Southern subsidiary settles contract dispute. (five-year power sales contracts with Gulf State Utilities) (Brief Article)
November 18, 1991... Subsidiaries of the Southern Co. and Gulf States Utilities settled a five-year dispute over major power sales contracts. Gulf States will pay Southern Co. subsidiaries $300 million in cash, stock and notes. The dispute stems from a 1982...

No bid on key city contract. (Atlanta International RMI Inc. awarded insurance contract for Harstfield International Aiport)
November 18, 1991... And RMI gets lucrative insurance business without council approval Without competitive bidding or Atlanta City Council approval, city of Atlanta finance officials awarded three contracts for more than $400 million of insurance coverage to a...

Hollis is testing Air Atlanta again. (Michael Hollis )
November 18, 1991... Michael Hollis is trying to get Air Atlanta airborne one more time. While many government and business leaders expressed shock and disbelief over the possibility of Hollis returning to the aviation arena, Hollis apparently has teamed up with...

Bracing for new tax hit: business, homeowners may pay more under new law. (landowner's conservation use property could qualify for tax exemption in Georgia)
November 18, 1991... Georgians were urged to vote for constitutional Amendment 3 last November in order "to keep Georgia green." Now the question is whether some Georgians are going to pocket the green in the name of conservation. When voters approved Amendment...

Science's cutting edge: new fund targets breakthrough companies. (LifeSciences Technology Partners L.P. ) (Company Profile)
November 18, 1991... One company has developed a palm-sized kit that can perform instant urinalysis for drug-testing. Another company, founded by the father of the birth control pill, is marketing a product to time ovulation cycles for women who choose the rhythm...

Cancer society blasts Ga. tobacco exports. (American Cancer Society; Georgia)
November 18, 1991... In a state that is home to two of the world's foremost health organizations, the federal Centers for Disease Control and the American Cancer Society, the third-largest agricultural export is tobacco. And most of it is apparently headed for the...