Remember Private Business?

By Geert De Lombaerde Posted on August 18, 2009 at 6:51 am

Now called Goldleaf Financial Solutions, the financial technology firm that was headquartered in Brentwood until last year has signed a deal to sell to Jack Henry & Associates for about $19 million. The per-share sale price of 98 cents is less than a sixth of where the stock (Ticker: GFSI) was trading in the spring of 2007.

permalink | Comment on this post

Tags: acquisitions, Atlanta, banking, Goldleaf Financial Solutions Inc., information technology: finance, Jack Henry & Associates Inc.  

For-profit schools firm dropped by Atlanta

By Geert De Lombaerde Posted on July 30, 2009 at 3:10 pm

Community Education Partners, which has been paid more than $50 million by Atlanta’s schools system since 2002, has not had its contract renewed. The good news? The ACLU has removed the company from its lawsuit alleging the violation of students’ constitutional rights.

permalink | Comment on this post

Tags: American Civil Liberties Union, Atlanta, Community Education Partners, for-profit education, litigation  

Sommet in hunt for future SEC men’s hoops tourneys

By Geert De Lombaerde Posted on May 31, 2009 at 11:33 pm

Following the SEC’s spring meeting, word emerges that conference officials are talking with Nashville and Atlanta about hosting the 2013 and 2014 men’s basketball tournaments. The Sommet will also host the event next spring.

permalink | Comment on this post

Tags: Atlanta, Sommet Center, Southeastern Conference, sporting events, sports business, tourism  

Breakfast/lunch chain wants more stores here

By Geert De Lombaerde Posted on April 28, 2009 at 9:53 am

Heads up, Noshville: Atlanta-based chain J. Christopher’s, which has a location in Cool Springs, says it is looking to add more Nashville-area outlets this year.

permalink | 1 Comment

Tags: Atlanta, J. Christopher's, Noshville Delicatessen LLC, restaurants, retail, retail real estate  

Ya know how we always say we don’t wanna be Atlanta?

By Geert De Lombaerde Posted on January 22, 2009 at 3:59 pm

Synovus Financial, the parent of The Bank of Nashville, says the wrecked housing market in the Capital of the South is wreaking havoc on its income statement. The company (Ticker: SNV) lost $637 million last quarter, a number that included a goodwill charge of more than $400 million.

permalink | Comment on this post

Tags: Atlanta, banking, earnings reports, housing market, Synovus Financial Corp., The Bank of Nashville  

The Delta came down to Georgia

By Kleinheider Posted on at 9:04 am

Memphis makes a play to steal away Atlanta’s Delta Airlines hub.

permalink | Comment on this post

Tags: airlines, Atlanta, Delta Airlines, economic development, hub, Memphis  

Still very much in the middle of the woods

By Geert De Lombaerde Posted on January 2, 2009 at 5:13 pm

Synovus Financial (Ticker: SNV), the parent of the Bank of Nashville, says it needs to hike its loan loss reserves and charge-offs, mainly because of Atlanta’s housing market.

UPDATE: Uh, it’s actually worse – by $100 million.

permalink | Comment on this post

Tags: Atlanta, banking, Georgia, loans, Synovus Financial Corp., The Bank of Nashville