Latest news from Atlanta Business Chronicle

Verizon Wireless completes Alltel deal

Fri, 09 Jan 2009 21:28:30 GMT

Wireless phone service providers Verizon Wireless Inc. has completed its acquisition of Alltel Corp. (VZ) (VOD)

Report: Robert Rubin to resign at Citigroup

Fri, 09 Jan 2009 21:26:09 GMT

Robert Rubin is reportedly leaving Citigroup Inc., where he has been a senior counselor and director. (C)

Cost Plus to shut 26 stores, cut workers

Fri, 09 Jan 2009 21:23:08 GMT

Cost Plus Inc. will close 26 stores and lay off workers from stores, warehouses and its head office to save money. (CPWM)

Ga. tax revenue drops 9%

Fri, 09 Jan 2009 21:02:11 GMT

Georgia’s tax revenue fell 9 percent in December, due in part to declines in sales and motor fuel tax revenues, the Georgia Department of Revenue reported Friday.

Circuit City engages in sales talks

Fri, 09 Jan 2009 19:56:38 GMT

Circuit City Stores Inc. is talking with two parties about possibly acquiring the consumer electronics chain, which filed a Chapter 11 bankruptcy reorganization plan last year.

Southern Co.’s Ratcliffe talks demand, efficiency

Fri, 09 Jan 2009 19:10:24 GMT

Southern Co. Chairman, President and CEO David M. Ratcliffe helped kick off a new energy efficiency campaign in Washington, D.C. on Friday, saying conservation will play an increasingly important role in meeting rising energy demand. (SO)

Ill. House impeaches Blagojevich

Fri, 09 Jan 2009 17:57:40 GMT

The Illinois House impeached disgraced Democrat Gov. Rod Blagojevich for abuse of power, according to media reports.

Matt Towery rejoins McKenna Long & Aldridge

Fri, 09 Jan 2009 17:50:26 GMT

Matt Towery, CEO of InsiderAdvantage/Poll Position, rejoined international law firm of McKenna Long & Aldridge LLP as part of its government affairs practice.

KB Home revenue cut in half

Fri, 09 Jan 2009 16:20:39 GMT

KB Home, which is leaving the metro Atlanta market , saw sales sliced in half during its fiscal fourth quarter and it warned things could get worse in 2009. (KBH)

Shotput Ventures launching entrepreneurial program

Fri, 09 Jan 2009 15:32:22 GMT

Shotput Ventures, a technology startup accelerator fund, will launch a three-month program this summer to give entrepreneurs a shot at converting passion into profit.