Top News & Analysis Atlanta

More

  • 1 person killed in plant explosion in Georgia Sunday, 7 Feb 2016 | 11:17 AM ET

    ROCKMART, Ga.— A coroner says a man has died and six others were injured in an explosion at a plant in northwest Georgia. Polk County Coroner Tony Brazier says 25- year-old Justin Deems died in the explosion that occurred at 2:37 a.m. Sunday at JCG Farms, a feed mill related to chicken farming. Rockmart City manager Jeff Ellis told local media that the cause of the...

  • WASHINGTON, Feb 5- Barack Obama might seem an unlikely investor in the firearms industry. Since Obama was elected in 2009, mutual funds have raised their stakes to about $510 million from $30 million in the nation's two largest gun manufacturers with publicly traded shares, Smith& Wesson Corp and Sturm, Ruger& Co. The White House declined to comment on Obama's...

  • Post Properties reports 4Q results Thursday, 4 Feb 2016 | 6:21 PM ET

    ATLANTA _ Post Properties Inc. on Thursday reported a key measure of profitability in its fourth quarter. The average estimate of 12 analysts surveyed by Zacks Investment Research was for funds from operations of 77 cents per share. Six analysts surveyed by Zacks expected $96.8 million.

  • Correction: Las Vegas-Pay To Park story Thursday, 4 Feb 2016 | 2:40 PM ET

    LAS VEGAS— In a story Feb. 2 about MGM Resorts International outsourcing its Las Vegas Strip parking operations to a Chicago- based firm, The Associated Press erroneously reported the title of MGM Resorts executive Corey Sanders. SP Plus Corp. will handle paid parking at all non-union MGM Resorts International properties, including Mandalay Bay, Delano, Monte...

  • NEW YORK, Feb 4- Rollins Inc, parent of extermination company Orkin, has seen its shares jump 5 percent during this year's stock market selloff because investors expect fears of the mosquito-borne Zika virus will lead to increased revenues. The virus, rapidly spreading in the Americas, has been linked to thousands of babies in Brazil being born with microcephaly,...

  • NEW YORK, Feb 4- As the long rout on world energy markets intensified in volatile trade in recent months, exchange operators have reaped benefits. On Thursday, the Atlanta- based exchange reported forecast-busting earnings for the fourth quarter due to its data business. "More people are paying attention to those prices and trying to figure out when to lock in low...

  • ICE 4Q profit rises 28 percent, tops forecasts Thursday, 4 Feb 2016 | 7:43 AM ET

    NEW YORK— IntercontinentalExchange Group Inc., which owns the New York Stock Exchange, on Thursday reported a 28 percent boost in fourth-quarter profit on higher data services and listing fees. The company earned $370 million, or $3.29 per share. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.01 per share.

  • Beazer posts 1Q profit Thursday, 4 Feb 2016 | 6:51 AM ET

    ATLANTA— Beazer Homes USA Inc. on Thursday reported fiscal first-quarter net income of $999,000, after reporting a loss in the same period a year earlier. The Atlanta- based company said it had net income of 3 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • NEW YORK, Feb 4- As a deepening panic has swept across world energy markets in recent months, exchange operators have reaped benefits as trading volumes soared. The bumper volumes will likely be a hot topic of discussion when Atlanta- based ICE reports quarterly earnings on Thursday and its Chicago rival releases its numbers on Friday. The exit and entry has...

  • Feb 3- Delta Air Lines Inc on Wednesday said President Ed Bastian would replace Richard Anderson as chief executive in May, a long expected move that will see one of the most successful and outspoken leaders in the airline industry retire. The Atlanta- based carrier said in a news release that Anderson will retire as CEO effective May 2 and become Delta's...

  • Feb 3- U.S. carrier Delta Air Lines Inc said President Ed Bastian would replace Richard Anderson as chief executive. Anderson has led the Atlanta, Georgia- based company since 2007 and his retirement has been long expected. "Ed definitely has what it takes to keep Delta at the top of the industry," Sterne Agee CRT analyst Adam Hackel said.

  • ATLANTA— Kik Messenger, a smartphone app popular among younger teens, is on the defensive following the stabbing death of a 13- year-old girl in Virginia who told friends she was using Kik to connect with an 18- year-old man. Kik made an updated guide for parents available on its website following the arrests of two Virginia Tech students in the slaying of Nicole...

  • NEW YORK— Richard Anderson, who oversaw Delta Air Lines' transformation into one of the world's most profitable airlines, will retire this May. His right-hand man, airline president Ed Bastian, will take over as CEO, the Atlanta- based airline said Wednesday. Delta also purchased a 49 percent ownership stake in Virgin Atlantic to gain much-needed access to London...

  • NEW YORK— Home Depot is on a hiring spree. Home Depot Inc. is expected to report its fiscal fourth-quarter and annual results on Feb. 23. Its shares fell 47 cents to $124.80 in morning trading Wednesday and are up more than 16 percent over the past 12 months.

  • Southern Co. beats 4Q profit forecasts Wednesday, 3 Feb 2016 | 7:07 AM ET

    ATLANTA _ Southern Co. on Wednesday reported fourth-quarter profit of $283 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share. Southern Co. shares have climbed 6 percent since the beginning of the year, while the Standard& Poor's 500 index has declined nearly 7 percent.

  • SP Plus Corp. will handle paid parking at all non-union MGM Resorts International properties, including Mandalay Bay, Delano, Monte Carlo, New York-New York, Vdara, Aria, Bellagio, The Mirage and MGM Grand, the company said. Valets were told during an afternoon employees' meeting that SP Plus will hire MGM Resorts' approximately 400 non-union parking service...

  • Manhattan Associates posts 4Q profit Tuesday, 2 Feb 2016 | 4:27 PM ET

    ATLANTA _ Manhattan Associates Inc. on Tuesday reported fourth-quarter net income of $26.4 million. Manhattan Associates expects full-year earnings in the range of $1.69 to $1.72 per share, with revenue in the range of $609 million to $615 million. Manhattan Associates shares have fallen 16 percent since the beginning of the year.

  • The Atlanta- based airline does not expect further delays due to the issue, and no flights already in the air were affected, spokesman Michael Thomas said in a statement. The delays prompted concern from travelers on social media, including journalists who were in Iowa to cover the caucuses there ahead of the U.S. presidential election in 2016..

  • CHICAGO, Feb 2- Despite signs of slowing growth and increasing pessimism from many in the corporate world about where the U.S. economy is headed, package delivery company UPS should continue to see growth in 2016 thanks to rising e-commerce sales and a continued focus on improving operations, a top executive said on Tuesday. "If you look at most economic forecasts......

  • CHICAGO, Feb 2- United Parcel Service Inc on Tuesday reported a significantly higher quarterly net profit on a strong performance during the crucial holiday season and gave a solid 2016 earnings outlook despite warning of uncertain economic conditions. UPS posted fourth-quarter net income of $1.33 billion or $1.48 per share, nearly triple the $453 million...