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Top News & Analysis Atlanta

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  • NEWARK, N.J., Sept 2- A man charged over his alleged role in a more than $100 million insider trading scheme that involved hacking into networks that distribute corporate news releases pleaded not guilty on Wednesday. Arkadiy Dubovoy, who spoke Russian and used an interpreter, entered his plea to securities fraud, wire fraud and conspiracy charges in a brief...

  • NEWARK, N.J., Sept 2- A man charged over his alleged role in a more than $100 million insider trading scheme that involved hacking into networks that distribute corporate news releases pleaded not guilty on Wednesday. Igor Dubovoy last week was unable to meet a $3 million bond set by a federal judge in Atlanta before his case was moved to New Jersey.

  • The owner of the Tommy Bahama, Lilly Pulitzer, Ben Sherman, Lanier Clothes and Ben Sherman clothing lines posted revenue of $250.7 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $252.1 million. For the current quarter ending in November, Oxford Industries expects its results to range from a loss of 15 cents...

  • CINCINNATI— The new leader of the Frisch's Restaurants chain wants to flex Big Boy's brand muscle with franchise expansion, new restaurant shapes and sizes, menu and beverage additions, and doing more to court younger customers. Atlanta- based NRD Capital has taken over after shareholder approval last week of its $175 million acquisition that ended family...

  • American Software posts 1Q profit Thursday, 27 Aug 2015 | 4:45 PM ET

    ATLANTA _ American Software Inc. on Thursday reported fiscal first-quarter earnings of $2.6 million. American Software shares have dropped almost 8 percent since the beginning of the year. Keywords: American Software, Earnings Report.

  • Airfare deals pop up as airlines wage limited fare wars Wednesday, 26 Aug 2015 | 12:46 PM ET

    Don't expect widespread sales or cheap flights home for Thanksgiving. Fliers have been able to fly Chicago to Boston for $80 roundtrip, San Francisco to Las Vegas for $67 roundtrip and New York to Los Angeles, with a connection, for $150 roundtrip. "This is the big break consumers have been waiting for in response to lower fuel prices," says Seth Kaplan, managing...

  • Burger King to McDonald's: Let's make a McWhopper Wednesday, 26 Aug 2015 | 8:31 AM ET

    NEW YORK— This probably isn't what the United Nations had in mind when it established the International Day of Peace: Burger King is asking McDonald's to join forces to create a "McWhopper." Burger King says it wants to serve the concoction for a single day at a popup location in Atlanta, a midway point between the headquarters of the two chains.

  • Urban areas where commuters endure the most extra hours Wednesday, 26 Aug 2015 | 12:01 AM ET

    Traffic congestion nationally reached a new peak last year and is greater than ever before, according to a report by the Texas A&M Transportation Institute and INRIX Inc. Their analysis is based on federal data on the number of cars on the road and on traffic speed data collected by INRIX on 1.3 million miles of urban streets and highways. 1. Washington, D.C.-...

  • District Judge Rudolph Randa in Milwaukee that it lacked jurisdiction to hear former CEO Laurie Bebo's constitutional challenge to the SEC administrative case against her until the regulator's proceedings have concluded. SEC spokesman John Nester declined to comment. They have halted SEC administrative proceedings on the grounds that the appointment...

  • Fed Up group plans counter Jackson Hole conference Monday, 24 Aug 2015 | 4:28 PM ET

    WASHINGTON— Federal Reserve Chair Janet Yellen may be skipping this year's annual gathering of central bank policymakers in Wyoming, but a group of demonstrators will be making their second appearance at the elite gathering. The Fed Up coalition, made up of community activist groups, has rented a conference room in the same hotel where the Kansas City Federal...

  • SEC spokesman John Nester declined to comment. They have halted SEC administrative proceedings on the grounds that the appointment of judges who handle them is likely unconstitutional. The SEC has pursued more enforcement cases in-house rather than in federal court, using authority it obtained through the 2010 Dodd-Frank law.

  • ATLANTA— Southern Co. is buying AGL Resources Inc. for approximately $7.93 billion, which would create the second-biggest utility company in the U.S. by customer base. Atlanta- based Southern will pay $66 in cash for each AGL share, a 38 percent premium to the company's Friday closing price of $47.86. In premarket trading an hour before the market open, AGL...

  • Aug 19- Suja Life LLC said on Wednesday that Coca-Cola Co has bought a minority stake in the organic juice maker and will distribute its products. San Diego- based Suja, founded in 2012 by entrepreneurs Annie Lawless, Eric Ethans, Jeff Church and James Brennan, makes juices and smoothies under cold pressure to kill harmful bacteria and preserve nutrients and taste.

  • NEW YORK, Aug 19- Brooklyn Brewery, the craft beer maker operating from New York City's most populous borough, resisted taking money from investment firms for almost three decades, according to co-founder and Chairman Steve Hindy. The $19.6 billion U.S. craft beer market grew by about 18 percent in barrel volume in 2014, according to the Brewers Association.

  • NEW YORK, Aug 18- In July 2013, California urogynecologist Andrew Cassidenti received an email from an entrepreneur named Otto Fisher, who had a proposition. In a phone call, Fisher said he needed doctors to operate at outpatient centers in California and Las Vegas. Fisher said he could guarantee Cassidenti $2,500 for every surgery the doctor performed, "whether...

  • UPDATE 1-Coca-Cola names Quincey COO, Bozer to leave Thursday, 13 Aug 2015 | 10:02 AM ET

    Aug 13- Coca-Cola Co named James Quincey chief operating officer, and said company veteran Ahmet Bozer, who had been seen as a possible successor to Muhtar Kent as CEO, would be leaving. Quincey was instrumental in leading the negotiations for the recently proposed merger of Coke's bottlers Coca-Cola Enterprises, Coca-Cola Iberian Partners and Coca-Cola...

  • LOS ANGELES, Aug 12- Shunfeng International Clean Energy Ltd said it will take a majority stake in U.S. solar panel manufacturer Suniva to gain a foothold in the fast-growing U.S. solar market. The deal will give the Hong Kong- based solar company 63 percent of Suniva, a privately held maker of solar cells and modules whose investors include Goldman Sachs Group Inc....

  • DUBAI, Aug 11- Emirates Airline said Tuesday that state-owned Gulf Arab airlines were not to blame for overcapacity on services between the United States and Dubai, rejecting criticism by U.S. carrier Delta Air Lines. Delta said Sunday it had reduced flights between Atlanta and Dubai this winter, blaming overcapacity on U.S. routes to the Middle East by...

  • DUBAI, Aug 11- Emirates Airline said on Tuesday that Gulf airlines were not to blame for overcapacity on services between the United States and Dubai, rejecting comments at the weekend by U.S. carrier Delta Air Lines. Delta said on Sunday that it was reducing flights between Atlanta and Dubai this winter, blaming overcapacity on U.S. routes to the Middle East by...

  • ATLANTA, Aug 10- Atlanta Federal Reserve Bank president Dennis Lockhart said on Monday he was "disposed" to begin raising rates in September, but expected there would be a gap of at least one policy meeting between any subsequent increases. "I remain very disposed to September being a possible date for a liftoff decision," Lockhart told journalists following a...