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Top News & Analysis Atlanta

  • April 24- The U.S. Supreme Court on Monday declined to hear an appeal by former WellCare Health Plans Inc Chief Executive Todd Farha of his 2013 fraud conviction for his role in a scheme to cheat the Medicaid health insurance program for the poor. Farha began serving a three-year sentence at a minimum security federal prison in Alabama after the Atlanta- based...

  • ATLANTA _ SunTrust Banks Inc. on Friday reported first-quarter earnings of $468 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share. Eight analysts surveyed by Zacks expected $2.2 billion.

  • ATLANTA _ Manhattan Associates Inc. on Thursday reported first-quarter profit of $28.2 million. Manhattan Associates expects full-year earnings in the range of $1.89 to $1.93 per share, with revenue in the range of $606 million to $620 million. Manhattan Associates shares have decreased almost 5 percent since the beginning of the year.

  • ATLANTA _ Fidelity Southern Corp. on Thursday reported first-quarter net income of $10.5 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share. Fidelity Southern shares have dropped 11 percent since the beginning of the year.

  • ATLANTA— Officials say they have ended a restriction on poultry producers that was enacted after the first confirmation of avian influenza in commercial birds in Georgia. News outlets report state veterinarian Robert M. Cobb Jr. said in a news release that effective immediately, all poultry exhibitions, shows, sales, swap and meets in the State of Georgia are...

  • SEATTLE— Thursday marks marijuana culture's high holiday, 4/ 20, when college students gather— at 4:20 p.m.— in clouds of smoke on campus quads and when pot shops in legal weed states thank their customers with discounts. But in recent years, a consensus has emerged around the most credible explanation: that it started with a group of bell-bottomed buddies from...

  • HOUSTON, April 20- ConocoPhillips has beaten its 2017 asset sales target less than four months into the year, after shedding $30.8 billion worth of energy assets in six years. But instead of a chorus of cheers on Wall Street, Chief Executive Ryan Lance is facing investor skepticism that the company can deliver growth from remaining oil and gas fields.

  • WASHINGTON, April 19- The U.S. Justice Department is expected to name a deputy attorney general under former President George W. Bush to serve as independent monitor of Volkswagen AG under a plea agreement over its diesel emissions scandal, a source briefed on the matter said on Wednesday. Larry Thompson, a lawyer at Finch McCranie LLP who was deputy attorney...

  • ATLANTA _ Genuine Parts Co. on Wednesday reported first-quarter profit of $160.2 million. Genuine Parts expects full-year earnings to be $4.75 to $4.85 per share. Genuine Parts shares have decreased roughly 6 percent since the beginning of the year, while the Standard& Poor's 500 index has risen almost 5 percent.

  • April 18- The U.S. Securities and Exchange Commission on Tuesday suffered a rare loss before one of its own judges, who dismissed a case accusing an Atlanta real estate investor of insider trading. SEC Administrative Law Judge James Grimes found no evidence that Charles Hill gained $744,000 of illegal profit in shares of Radiant Systems Inc in 2011 after...

  • Treasury yields, but simmering geopolitical tensions over North Korea continued to offer support. *Spot gold had inched down 0.1 percent to $1,282.81 per ounce by 0047 GMT, after hitting its highest since early November at $1,295.42 in the prior session. Vice President Mike Pence warned North Korea on Monday that recent American military strikes in Syria and...

  • In January, AT&T said it expected to be able to bypass the FCC in its planned $85.4 billion acquisition of Time Warner because it would not seek to transfer any significant Time Warner licenses. FCC Chairman Ajit Pai said previously he did not plan to use the proposed TV station license transfer as a way to examine the AT&T-Time Warner merger.

  • NEW YORK/ BENGALURU, April 17- Gold pared gains from a five-month high on Monday, losing steam as U.S. Treasury yields turned higher and the dollar came off its lows, after rising geopolitical tensions over North Korea spurred earlier safe-haven buying in bullion. Spot gold was up 0.05 percent at $1,285.86 an ounce.

  • NEW YORK— Andy Dunn didn't start out with an interest in fashion. It now operates more than 30 stores scattered around key cities like Chicago, New York and Atlanta. However, when Dunn thought of the idea of selling clothes online ten years ago as a Stanford business school graduate, it was seen as crazy.

  • An employee welds pipe at Pioneer Pipe in Marietta, Ohio.

    The fed branches downgraded their outlook for economic growth for the first quarter after disappointing data on retail sales and consumer prices in March.

  • BOSTON— Boston's Fox television affiliate is distancing itself from the conservative Fox News national cable network by dropping the word "Fox" from the name of its newscast. WFXT-TV Channel 25 announced Thursday that the name of its independent and locally produced newscast is being changed from "Fox 25 News" to " Boston 25 News" starting April 24.

  • WASHINGTON— President Donald Trump says last month's bridge collapse near downtown Atlanta is a "painful reminder" of the importance of strong infrastructure. Trump welcomed to the White House police, fire and other personnel who responded to the collapse that forced the closure of a portion of Interstate 85. But he says what happened on March 30 was a reminder...

  • PITTSBURGH— Donald Trump Jr. has taken to Twitter to mock a group of Pittsburgh college students opposed to the addition of a Chick-fil-A restaurant to their campus. A student newspaper at Duquesne University reports that a student government representative last month proposed asking the university to reconsider the addition of a Chick-fil- A. Niko Martini...

  • Q1 EPS 77 cents vs est 75 cents. *Q1 revenue $9.15 bln vs est $9.18 bln. The No. 2 U.S. airline by passenger traffic had $17.64 billion worth of pending orders for wide-body aircraft with France's Airbus Group SE at current list prices, according to the planemaker's order book.

  • *Q1 EPS 77 cents vs est 75 cents. *Q1 revenue $9.15 bln vs est $9.18 bln. Delta said it cancelled about 4,000 flights earlier this month due to severe weather in Atlanta, and it would reduce its second-quarter pre-tax income by $125 million.