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Top News & Analysis Atlanta

  • WASHINGTON, July 21- The U.S. regulator of credit unions will soon close some regional and agency offices and reorganize others, as it works to cut costs and respond to changes in the industry, according to an announcement released on Friday. "Months of very hard work by agency staff have produced a solid, commonsense plan that will help the agency respond to a new...

  • ATLANTA— U.S. building owners should review what materials their structures are built with following a deadly fire in London that showed how flames can quickly cover a high-rise, devouring it from the outside, fire experts said Friday. An Associated Press review found that the manufacturer of the panels used in the London tower said the same panels were used in...

  • July 21- Weak refinancing, thanks to higher interest rates, took a bite out off regional banks' earnings in the second quarter and loan growth remained sluggish, mirroring trends seen at larger banks. Mortgage banking income fell by double digits on a percentage basis at most regional banks that have reported results so far. But mortgage rates are starting to inch...

  • ATLANTA _ SunTrust Banks Inc. on Friday reported second-quarter profit of $528 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share. Seven analysts surveyed by Zacks expected $2.29 billion.

  • ATLANTA _ Manhattan Associates Inc. on Thursday reported second-quarter profit of $31.1 million. Manhattan Associates expects full-year earnings in the range of $1.85 to $1.89 per share, with revenue in the range of $590 million to $600 million. Manhattan Associates shares have declined 11 percent since the beginning of the year.

  • CHICAGO— President Donald Trump's administration has ended Affordable Care Act contracts that brought assistance into libraries, businesses and urban neighborhoods in 18 cities, meaning shoppers on the insurance exchanges will have fewer places to turn for help signing up for coverage. People will have 45 days to shop for 2018 coverage, starting Nov. 1 and...

  • ATLANTA _ Fidelity Southern Corp. on Thursday reported second-quarter net income of $8.9 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share. Fidelity Southern shares have dropped roughly 4 percent since the beginning of the year.

  • ATLANTA _ Genuine Parts Co. on Thursday reported second-quarter net income of $190 million. Genuine Parts expects full-year earnings to be $4.70 to $4.75 per share. Genuine Parts shares have decreased 13 percent since the beginning of the year, while the Standard& Poor's 500 index has increased 10 percent.

  • ATLANTA— A Russian man who helped develop and distribute malicious software designed to steal personal financial information was sentenced Wednesday in Atlanta to serve five years in prison. District Judge Mark Cohen said Vartanyan would receive credit for time served, including more than two years in a prison in Norway following his arrest there in...

  • NEW YORK, July 18- Despite a record-high U.S. stock market and a positive economic outlook, U.S. parents spent less on college tuition during the 2016-17 school year, according to Sallie Mae's 10th annual "How America Pays for College" report. Sallie Mae's study does not directly address why parental spending fell, but there are several indicators.

  • NEW YORK, July 17- Despite a record-high U.S. stock market and a positive economic outlook, U.S. parents spent less on college tuition during the 2016-17 school year, according to Sallie Mae's 10th annual "How America Pays for College" report. Sallie Mae's study does not directly address why parental spending fell, but there are several indicators.

  • The Air Canada plane with 140 people aboard came within 100 feet of crashing onto the first two of four passenger-filled planes readying for takeoff. "The lighting is different for good reason," said Steven Wallace, a former director of accident investigations at the Federal Aviation Administration. Then there is the radio transmission in which one of the Air...

  • DALLAS— Shares of Delta Air Lines Inc. dipped on Thursday after the company reported second-quarter profit and revenue below Wall Street expectations. Atlanta- based Delta reported net income of $1.22 billion, down 21 percent from the same quarter last year. The results were hurt by a stormy April day in Atlanta that turned into a five-day interruption in...

  • WASHINGTON— The U.S. economy grew at a steady pace in late May and June and hiring was solid, yet the improvements weren't enough to accelerate wage or price growth. It grew just slightly in St. Louis and Philadelphia. Manufacturing output, consumer spending and home sales are solid in most of the country, though consumers reined in spending in Philadelphia and...

  • "Congress authorized scans of foreign nationals. That's not how a democracy is supposed to work, "said Alvaro Bedoya, executive director of the Center on Privacy and Technology at Georgetown University. Trials are underway at six U.S. airports— Boston, Chicago, Houston, Atlanta, Kennedy Airport in New York City and Dulles in the Washington, D.C., area.

  • NEW YORK— At small businesses this summer, many owners won't be trying to figure out whether employees will be counting it as vacation time, personal days or sick leave when they send texts or emails that say, "I'm not coming in today." A growing number of companies combine vacation and sick time into one bucket called paid time off, or PTO. If you have a sick kid, need a...

  • SAN FRANCISCO— Yul Dorn and his wife raised their son and daughter in a two-story home crammed with family photos, one they bought in a historically African-American neighborhood in San Francisco more than two decades ago. Today, the couple is living in a motel after they were evicted last year, having lost a foreclosure battle. The nation's homeownership rate...

  • NEW YORK, June 30- AT&T Inc has expanded the lineup of local channels on its DirecTV Now internet streaming service, it said on Friday, as the No. 2 wireless carrier seeks to win online subscribers who prefer not to pay for a traditional cable package. Hulu LLC, owned by Walt Disney Co, Comcast Corp, Time Warner and Twenty-First Century Fox Inc, launched its service in May.

  • The brief submitted by 50 companies to the 2nd U.S. Circuit Court of Appeals in Manhattan marks the first time such a large group of businesses has backed arguments about employment discrimination that LGBT groups and the administration of former President Barack Obama have made for years. The companies asked the 2nd Circuit to revive a lawsuit by the estate...

  • *European shares flat, Wall Street modestly higher. Oil edged up from November lows hit in the prior session, but prices remained under pressure from a supply glut that has persisted despite OPEC- led efforts to balance the market. Those declines weighed on European shares but the picture was reversed on Wall Street, with energy up 0.5 percent, among the best...