The Briefcase: Acworth office sells for $1.3M
by From staff and wire reports
December 19, 2012 12:27 AM | 1564 views | 0 0 comments | 11 11 recommendations | email to a friend | print
ACWORTH — A 33,800-square-foot office/warehouse building at 3401 Novis Pointe in Acworth sold for $1.3 million. Located on two acres, the building was built in 2006 and includes 15,000 square feet of class “A” office space and is zoned for heavy industrial. King Industrial Realty brokered the transaction.

LOUD  Security earns honor

KENNESAW — LOUD Security Systems was awarded Kennesaw Business of the Year, sponsored by the Kennesaw Business Association and Acworth Business of the Year, sponsored by the Acworth Business Association.

 Front Porch Southern Dining restaurant, at 2940 Dallas St. in Kennesaw, will have a ribbon-cutting on Dec. 28, from11:30 a.m. until 12:30 p.m.

 As a part of its “12 Days of Giving” holiday campaign, Walmart gave $5,000 to The Diaper Bank of Greater Atlanta located in Kennesaw. Walmart used Facebook to call for local nominations, and the Walmart Foundation selected the winning charities.

Officials: Ga. saves on air travel

ATLANTA — Authorities say Georgia state employees are flying less as a result of a change in travel policy made by Gov. Nathan Deal.

The Atlanta Journal-Constitution reports that taxpayers are expected to save $2 million a year as a result of the new travel policy.

Deal grounded state-owned airplanes and moved most official government air travel to charter-based services. The state moved in 2011 to begin selling its fixed-wing aircraft and contracted with three private charter companies, a change that is on track to lower state flight times by nearly 70 percent.

Officials say the move to private flights is part of a broader effort to streamline state employee travel, which costs taxpayers nearly $100 million a year.

Trade deficit falls 9% in 3Q

WASHINGTON — The U.S. current account trade deficit narrowed in the July-September quarter to the smallest level since late 2010, but the improvement may not last.

The deficit fell to $107.5 billion in the third quarter, down 9 percent from the second quarter imbalance of $118.1 billion, the Commerce Department reported Tuesday. It was the lowest trade gap since the final three months of 2010.

The current account is the broadest measure of trade. It tracks the sale of merchandise and services between nations, as well as investment flows. Economists watch the current account as a sign of how much the U.S. needs to borrow from foreigners.

Oracle quarterly earnings rise

SAN FRANCISCO — Oracle quarterly earnings rose 18 percent as companies splurged on more software and other technology toward the end of the year.

The results announced Tuesday are an improvement from Oracle’s previous quarter, when the business software maker’s revenue dipped slightly from a year earlier.

The latest quarter covered September through November. That makes Oracle the first technology bellwether to provide insights into corporate spending since the Nov. 6 re-election of President Barack Obama and negotiations to avoid the so-called fiscal cliff began to heat up in Washington.

Gov’t fines Toyota Motor Corp.

DETROIT — The U.S. government has slapped Toyota Motor Corp. with a record $17.4 million fine for failing once again to quickly report problems to federal regulators and for delaying a safety recall.

The fine from the National Highway Traffic Safety Administration is the maximum allowed by law. It’s the fourth fine levied against Toyota in the past two years for similar infractions, and it’s the largest single fine ever assessed against a car company over safety defects. In 2010, Toyota paid a total of $48.8 million in fines for three violations.

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