DETROIT - General Motors Corp. said it will cut 21,000 U.S. factory jobs by next year, phase out its storied Pontiac brand and ask the government to take company stock in exchange for half GM's government debt as part of a major restructuring effort needed to get more government aid.
The struggling automaker also said it will offer 225 shares of common stock for every $1,000 in notes held by bondholders as part of a debt-for-equity swap.
April 27, 2009|
by Kimberly S. Johnson
The Associated Press
While many companies have recently had to lay off employees or delay projects, Thomas Brothers Hydro Inc. in Newton County has made company history and plans to soon add around 20 high-tech employees to their staff.
Antiques and Stuff is a place to find just that - antiques - and "stuff." The 28,000 square foot building at 2174 Elm Street NE in Covington is loaded with aisles of furniture, dishware, art, collectibles and lots of other random items.
"We have anything and everything," co-owner Matt Crowe said. "We have everything from high-end antiques to just 'stuff.' That's the best way to describe it. We have a lot of 'stuff.'"
As the apartment business enters its busier season, Arbor Lake Apartments is poised to attract renters looking for inexpensive, quality housing.
Arbor Lake, located at 431 Kirkland Road, is offering 1,175 square-foot, two-bedrooms apartments for $599 a month through at least the end of April. Apartment manager Susan Tate said she has a few units available now and prospective renters should contact her at (770) 385-6166, or by e-mail at email@example.com for more details.
Zia Tusmani believes there are three key elements to any successful restaurant: quality, pricing and service. Tusmani is the owner and main cook of Borage Grill in Olde Town Conyers and he said he practices those elements every day.
Quality meals begin with quality ingredients and Tusmani buys and cooks only the best, freshest food he can find. All of the vegetables are brought to the store fresh every morning. All of the sauces and marinades are made from scratch every day. All of the meat is organic, and the lamb in particular is delivered all the way from Australia ...
Representatives of Beaver Manufacturing and General Mills met with directors from DeKalb Technical College and the Covington-Newton County Chamber of Commerce Tuesday at the Newton County Historic Courthouse as Covington Mayor Kim Carter and Newton County Commission Chairman Kathy Morgan signed a joint proclamation to honor local manufacturers for their contributions to local economic growth and community partnerships.
Newton County's unemployment rate continued to climb in January, reaching 11.7 percent, up from 10.4 percent in December. Newton County's rate continued to outpace the state's average of 8.6 percent, as well as the rates of the surrounding counties.
DeKalb Technical College will hold two career fairs in March. On Tuesday, March 24, the first Career Fair will be held at DeKalb Tech's Clarkston Campus in the Conference Center, located at 495 N. Indian Creek Drive in Clarkston. On Thursday, March 26, the second Career Fair will be held in the Auditorium of Building A at the Covington Campus, located at 16200 Alcovy Road NE, Covington. Both Career Fairs will be held from 10 a.m. until 2 p.m.
Bangkok Grill is bringing Thai cuisine to Covington and owner Jee Poonpoke is trying to bring hope to those suffering from the economy.
Poonpoke opened Bangkok Grill two weeks ago on U.S. Highway 278 next to Advance Auto Parts, but not long before that she had nothing. She previously owned the "Red Tomato" in Conyers, but the economic meltdown cost her everything.
Verizon Wireless is breaking new ground in Georgia's wireless retail experience with the Grand Opening of its Covington Communications Store. Built in the company's Evolutionary Store design, the new retail location offers customers a high-tech and hands-on experience with wireless voice, data, music and video services. The new store, located at 10337 Industrial Blvd NE, is open for business and will hold its official grand opening ribbon cutting ceremony March 5, at 10 a.m. Commemorating the store opening representatives from the Covington/Newton County Chamber of Commerce will share in the celebration.
Jim Fuller believes the key to teaching karate is to teach kids to become strong, confident individuals. Fuller's U.M.A.S. Karate schools have continued to grow since he began teaching karate in 1990. He now has one location in Covington and two in Conyers.
Fuller explains that his schools have a unique approach to martial arts that centers on helping kids grow.