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Top News & Analysis Atlanta

  • Beyonce is marking the anniversary of her album "Lemonade" by announcing scholarships for women to attend selected colleges. The singer announced that her Formation Scholars Award will go to one female student at each of four schools. The schools are Boston's Berklee College of Music, New York's Parsons School of Design and two historically black colleges,...

  • Chairman and chief executive officer of Coca-Cola Muhtar Kent (L) attends a ceremony to announce the World's largest soft drink company Coca-Cola Co opened its 44th plant in China on April 11, 2017 in Changsha, Hunan Province of China.

    Coca-Cola's first-quarter earnings miss expectations by a penny a share.

  • Coca-Cola and rival PepsiCo Inc's soda sales have taken a hit as consumers in North America and Europe increasingly shun sugary drinks. The Atlanta- based company said it was increasing its cost-cutting target by $800 million in annualized savings and now expects to save $3.8 billion by 2019.. The company, which also reported a smaller-than-expected...

  • Pulte's shares were down 2.9 percent at $22.40 in premarket trading on Tuesday. Wedbush Securities analyst Jay McCanless said slower-than-expected unit closing pace would come under focus in the post-earnings call, noting that first-quarter housing revenues and unit closing were below his forecast. Pulte, which mainly sells single-family homes, said the...

  • ATLANTA— Coca-Cola's sales declined in the first quarter as it restructured its business, and the world's biggest beverage maker said it will cut 1,200 jobs starting later this year as it deepens its cost-cutting. Coca-Cola Co. said the cuts would help it find another $800 million in annualized savings, in addition to the $3 billion the company previously said...

  • ATLANTA _ Graphic Packaging Holding Co. on Tuesday reported first-quarter net income of $37 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share. Graphic Packaging shares have increased almost 9 percent since the beginning of the year.

  • ATLANTA— PulteGroup Inc. on Tuesday reported first-quarter profit of $91.5 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share. PulteGroup shares have increased 26 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed 6 percent.

  • 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.