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Top News & Analysis Atlanta

  • WASHINGTON— A Kuwaiti logistics company has agreed to pay $95 million to resolve allegations that it inflated prices and defrauded the U.S. government for contracts to feed American troops in Iraq, Kuwait and Jordan. Agility had been suspended from federal government contracting since its indictment in 2009. The Department of Defense's Defense Logistics...

  • ATLANTA— Rattled shoppers at an Atlanta grocery store had to abandon their carts and flee after someone ignited a indoor fireworks display, causing some to fear a shooter was inside the building. Someone ignited the display inside the Publix store on the city's south side about 5 p.m. Thursday, setting off the sprinkler system and causing everyone inside to be...

  • NEW YORK— A federal judge on Thursday ordered delivery giant UPS Inc. to pay New York City and the state nearly $247 million in damages and penalties for illegally shipping cigarettes. New York state and New York City sued Atlanta- based UPS in 2015. The lawsuit accused it of having a corporate culture that favored sales opportunities over a responsibility to...

  • *Treasury yield curve flattens, Wall Street stocks rise. *Global shares recover after China downgrade. NEW YORK, May 24- Wall Street rose, while the U.S. dollar and bond yields fell on Wednesday after Federal Reserve meeting minutes signaled a gradual approach to interest rate hikes, and oil prices dipped on a draw of U.S. gasoline stocks that was smaller than...

  • Treasury to sell $28 bln 7- year notes Thursday. NEW YORK, May 24- U.S. "Even though the Fed is reducing stimulus, I think this gives the market some comfort," said Matt Toms, chief investment officer of fixed income at Voya Investment Management in Atlanta.

  • Treasury to sell $28 bln 7- year notes Thursday. NEW YORK, May 24- U.S. "Even though the Fed is reducing stimulus, I think this gives the market some comfort," said Matt Toms, chief investment officer of fixed income at Voya Investment Management in Atlanta.

  • *Treasury yield curve flattens, Wall Street remains higher. While the yield curve flattened, Wall Street remained slightly higher and the dollar slipped after minutes from the Fed's May 2-3 meeting indicated it would gradually raise interest rates and reduce its bond reinvestment. "Their plan is in place to gradually phase out reinvestments beginning in the...

  • WASHINGTON, May 24- Federal Reserve policymakers agreed they should hold off on raising interest rates until it was clear a recent U.S. economic slowdown was temporary, though most said a hike was coming soon, minutes from their last policy meeting showed on Wednesday. Nearly all policymakers at the May 2-3 meeting also said they favored beginning the wind-down...

  • Keith Rabois

    Opendoor also has become a model for a new kind of tech upstart: Call it the fat start-up. The New York Times reports.

  • Coca-Cola, AT&T and JetBlue became the latest sponsors to skip the June 11 Puerto Rican Day parade along Manhattan's Fifth Avenue. He was a member of the Armed Forces of National Liberation, or FALN, which claimed responsibility for more than 100 bombings around the U.S. and Puerto Rico in the 1970 s and 1980 s, including a blast that killed four people at New York's...

  • NEW YORK— Boxed caters to millennials looking to do their bulk buying from their phones. CEO AND CO-FOUNDER: Chieh Huang. DISTRIBUTION CENTERS: Boxed operates distribution centers in Las Vegas; Atlanta; Dallas; and Union, New Jersey.

  • NEW YORK— Boxed co-founder and CEO Chieh Huang is focusing on millennials who want bulk-sized deals on items like toilet paper and peanut butter— but who can't or won't drive to warehouse stores. Items are shipped throughout the country from distribution centers in Las Vegas, Atlanta, Dallas, and Union, New Jersey, where the company is based. Huang, 35, the son of...

  • NEW YORK, May 19- With S&P 500 companies set to notch their strongest quarterly earnings growth in about six years, a weaker U.S. dollar may help keep the profit momentum rolling and support share prices in the weeks to come. After a dramatic week in Washington that rattled financial markets, one possible silver lining for stock investors was the weaker dollar,...

  • The case has increased trade tensions between the United States and Canada- along with disputes over Canadian softwood lumber and U.S. milk protein products- as both countries prepare for a possible renegotiation of the North American Free Trade Agreement under the "America First" trade policy of U.S. The Commerce Department is expected to proceed with the...

  • The case has increased trade tensions between the United States and Canada- along with disputes over Canadian softwood lumber and U.S. milk protein products- as both countries prepare for a possible renegotiation of the North American Free Trade Agreement under the "America First" trade policy of U.S. The Commerce Department is expected to proceed with the...

  • WASHINGTON— U.S. household debt reached a record high in the first three months of this year, topping the previous peak reached in 2008, when the financial crisis plunged the economy into a deep recession. The Federal Reserve Bank of New York said Wednesday that household debt, which also includes home equity lines of credit, stood at $12.73 trillion in the first...

  • NEW YORK— When Snapchat went public this year, it was a reminder to many small business owners that they need to be part of the social media evolution. There's no' one size fits all,' "says Michelle Vroom, whose eponymous public relations company in the Philadelphia suburb of Horsham advises small businesses on how to use social media. "They need to think about where...

  • DALLAS— Prosecutors say a North Texas man must serve two years in federal prison and repay more than $1.1 million for sales tax refund fraud against The Home Depot. Henry Lamon Spruiell of Arlington was sentenced Monday in Dallas. Investigators say Spruiell, between mid-2013 and early 2016, defrauded 18 stores operated by the Atlanta- based home improvement...

  • The Commerce Department on Tuesday reported that new home construction fell for the second consecutive month in April, but that was led by a big drop in construction of apartments, a volatile sector. For the three months ended April 30, revenue climbed to $23.89 billion from $22.76 billion. Analysts surveyed by Zacks Investment Research predicted revenue of...

  • ATLANTA _ Cumulus Media Inc. on Monday reported a loss of $7.4 million in its first quarter. The Atlanta- based company said it had a loss of 25 cents per share. Keywords: Cumulus Media, Earnings Report.