InComm to expand, adding 150 jobs at Georgia facilities
InComm, an Atlanta-based prepaid product and payment technology company, is adding 400 jobs, including 150 in Georgia, after acquiring the distribution rights of American Express's prepaid reloadable and gift card products in the United States, as well as the purchase of the Serve technology platform.
InComm, which plans to invest $20 million at its facilities in Atlanta and Columbus, Ga., has become the program manager and processor, and American Express will remain the issuer and network for all products involved in the transaction.
"The addition of the American Express suite of products strengthens the already extensive portfolio of prepaid cards and technologies that we provide to retailers and consumers," said Brooks Smith, CEO of InComm.
Georgia Gov. Nathan Deal said the expansion by Incomm reflects that "Georgia is now a recognized hub for the financial technology industry."
Gulfstream to add 200 Georgia jobs
Gulfstream Aerospace Corp., will invest $55 million and add 200 jobs in an expansion of its jet service center operations in Savannah, Ga.
Gulfstream located its headquarters in Savannah in 1967 and has since grown from 100 local employees to more than 16,000 employees on six continents.
"This expansion is the result of the strong and steady fleet growth we've had for several years and the arrival of our new Gulfstream G500 and G600 in the coming months," Mark Burns, president of Gulfstream, said in an announcement of the expansion Tuesday. "These new facilities will keep us well-positioned for support, maintenance and refurbishment of the Gulfstream fleet, which is now at nearly 2,700 aircraft and continues to grow."
Gulfstream's headquarters in Savannah includes facilities for manufacturing, research and development, maintenance, sales and support. Located at the site of Savannah's former airport terminal, the expansion will include an additional maintenance hangar, customer tower, and a hangar support area with office and shop space.
Audi to recall 1.2 million cars
Audi is recalling about 1.2 million cars and SUVs worldwide because the electric coolant pumps can overheat and possibly cause a fire.
The recall covers the 2013 to 2016 A4, the 2013 to 2017 A5, the 2012 to 2015 A6, and the Q5 SUV from 2013 to 2017. All have 2-liter turbocharged engines.
The Volkswagen luxury brand says in U.S. government documents the pumps can become blocked with cooling system debris, or moisture in the pump can cause an electrical short. An Audi spokesman in the U.S. said there have been reports of fires but he had no details.
Dealers will replace the pumps at no cost to owners. The spokesman said Tuesday that redesigned parts won't be ready until November, but dealers will install a new version of the current pump until the redesigned ones are available.
Audi recalled the same vehicles last year and dealers did a software update. But the company says in documents posted Tuesday by the U.S. National Highway Traffic Safety Administration that pump problems continued.
Audi will send out recall letters on or before June 11.
American consumer confidence rebounds in April
American consumers were feeling more confident in April, rebounding to a level close to the 18-year high it had reached two months ago.
The Conference Board said Tuesday its confidence index rose to 128.7 in April, up from a March level of 127.0. The March level was just below the 130.0 hit in February, which had been the highest since November 2000.
The business research group's index measures consumers' assessment of current conditions and their outlook for the next six months. Conference Board economist Lynn Franco said the strength in the confidence survey suggest the economy will continue to expand at a solid pace in the months ahead.
Analysts said the strength in confidence reflects a strong labor market with unemployment at a 17-year low, as well as the impact of the $1.5 trillion in tax cuts approved in December, which began showing up in workers' paychecks earlier this year.