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Delta buys 49 percent of Virgin Atlantic

Delta buys 49 percent of Virgin Atlantic

ATLANTA -- Delta Air Lines said it will buy almost half of Virgin Atlantic for $360 million as it seeks a bigger share of the lucrative New York-to-London travel market.

Delta plans to form a joint venture with Virgin Atlantic where the two airlines would share money from the flights operated under the partnership. In order to coordinate their schedules, they'll need antitrust approval from U.S. and European regulators.

Landing rights at London's Heathrow Airport are limited. So buying part of Virgin Atlantic is a way for Delta to get a bigger piece of the travel market between Heathrow and the U.S.

Currently, Delta has fewer flights from the New York area to Heathrow than either American or United, its main U.S. competitors.

Delta is aiming to have the joint operation running by the end of 2013.

LittlePINKBook.com holds 8th Annual Fall Empowerment event

LittlePINKBook.com holds 8th Annual Fall Empowerment event

LittlePINKBook.com, the digital platform for career women, hosted its 8th Annual Fall Empowerment Event on November 13. More than 300 professional women attended the luncheon event, at the Atlanta History Center, along with more than 550 unique viewers joining via live stream. Some viewers planned gatherings of 50 or more women and leveraged the event to enhance their own business and networking meetings in cities across the globe.

The executives on the panel candidly answered questions related to their career paths to the C-Suite. Glenda Umaña, anchor at CNN en Español, was the event’s moderator. Read LittlePINKBook.com’s “Top 10 Takeaways” for favorite thoughts shared by the three panelists:

·        Teri List-Stoll, SVP and Treasurer, Procter & Gamble

Porsche breaks ground for new $100M Atlanta headquarters

ATLANTA - If you've driven south on I-75 near Atlanta's airport recently, you may have noticed that an exit sign that used to be named for an American car maker, Henry Ford, has been changed to a German car maker.

The name Porsche now marks the exit where a Ford assembly plant stood for nearly 60 years until it was shut down in 2006.

PHOTOS | Porsche's models on sale in the US

On Tuesday Gov. Nathan Deal and Atlanta Mayor Kasim Reed joined top Porsche officials to break ground for a replacement.

By the end of 2014, the German auto maker hopes to open a new $100-million U.S. headquarters along with a training center and a 1.6-mile test track for potential customers.

The new Porsche headquarters will mean 400 jobs, 100 of them new.

Delta ends service to Columbia, Mo.

COLUMBIA, Mo. -- Delta Air Lines will stop providing service to Columbia Regional Airport in February.

Columbia city officials said Delta rejected a $3 million revenue guarantee over two years to continue providing routes to Atlanta and Memphis. The city's offer included a landing fee waiver for two daily flights to Atlanta starting in 2014.

Mayor Bob McDavid said Delta told Columbia officials it lost $900,000 last year providing service to the city. Delta officials were reportedly upset the city offered a $3 million revenue guarantee to American Airlines.

Delta spokesman Anthony Black said the city should have communicated better with Delta before making the deal with American.

Air Cargo Germany now flying into Atlanta airport

ATLANTA -- Air Cargo Germany made its inaugural flight into Hartsfield-Jackson Atlanta International Airport Friday morning.

The flight landed shortly after 3:30 a.m. and was welcomed with a water salute.

"We are pleased to welcome Air Cargo Germany to Hartsfield-Jackson," airport general manager Louis Miller said in a statement. "Air Cargo Germany is working to expand its connections between North America and Europe, and Hartsfield-Jackson serves as the perfect global gateway to help achieve this goal."

Air Cargo Germany will fly between Atlanta and Germany twice a week, connecting cargo with locations in Russia, Africa and central Asia.

Chick-fil-A, Coke, Home Depot among 'Most Inspiring Companies'

ATLANTA -- A new consumer survey conducted by an Atlanta-based consulting and training firm ranks Chick-fil-A at No. 7, The Coca-Cola Co. at No. 10 and The Home Depot at No. 17 on a list of the 25 Most Inspiring Companies in the United States.

Performance Inspired surveyed 2,175 consumers to compile the list, reports Forbes.

Apple topped the list for the second straight year.

The goal of the survey was to find a correlation between successful companies and those that inspire their consumers, Performance Inspired told Forbes.

6 Georgians make 2012 Forbes 400 list

ATLANTA -- Six Georgia residents have made the latest Forbes 400 list of the richest people in America.

Anne Cox Chambers, the 92-year-old daughter of Cox Enterprises founder James M. Cox, is No. 32 with a net worth of $10.7 billion. Chambers' nephew Jim Kennedy, 64, chairs Cox Enterprises and is No. 64 with a net worth of $5.4 billion.

Chick-fil-A founder S. Truett Cathy cracked the top 100 this year; with a net worth of $4.2 billion, the 91 year old is No. 89 on the list.

The Home Depot co-founders Bernie Marcus, 83, and Arthur Blank, 69, are No. 151 and No. 311, respectively. Marcus has a net worth of $2.7 billion, while Blank, who also owns the Atlanta Falcons, is worth $1.5 billion.

Atlanta media giant Ted Turner, 73, came in at No. 239 with a net worth of $2 billion.