Top News & Analysis Atlanta

More

  • BRUSSELS- European Central Bank President Mario Draghi speaks at the European Parliament- 1400 GMT. TUESDAY, FEBRUARY 16 WASHINGTON- Minneapolis Federal Reserve Bank President Kashkari speaks at Brookings Institution- 1530 GMT. NEWARK- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before the 2016 Economic...

  • NEW YORK, Feb 12- As Wall Street struggles to find its footing after a shaky start to the year, investors are not getting any solace from corporate earnings. The S&P 500 has lost about 9 percent since Dec. 31. "We're not going in the right direction in terms of earnings," said Daniel Morgan, senior portfolio manager at Synovus Trust Company in Atlanta, Georgia.

  • HAVANA— The United States and Cuba will sign an agreement next week to resume commercial air traffic for the first time in five decades, starting the clock on dozens of new flights operating daily by next fall, U.S. officials said Friday. Barring other major announcements, it would be the most significant development in U.S.- Cuba trade since Presidents Barack...

  • NEW YORK, Feb 12- As Wall Street struggles to find its footing after a shaky start to the year, investors are not getting any solace from corporate earnings. The S&P 500 has lost about 9 percent since Dec. 31. "We're not going in the right direction in terms of earnings," said Daniel Morgan, senior portfolio manager at Synovus Trust Company in Atlanta, Georgia.

  • NEW DELHI— Coca-Cola suspended bottling at three plants in India, including one in the parched northwest where farmers have been protesting the company's use of dwindling groundwater reserves. Hindustan Coca-Cola Beverages, which is a subsidiary of The Coca-Cola Co. based in Atlanta, said it was reorganizing operations across its 24 franchise bottling...

  • Columbia reports 4Q results Thursday, 11 Feb 2016 | 6:29 PM ET

    ATLANTA _ Columbia Property Trust Inc. on Thursday reported a key measure of profitability in its fourth quarter. The real estate investment trust, based in Atlanta, said it had funds from operations of $59.2 million, or 48 cents per share, in the period. The company said it had net income of $10.2 million, or 8 cents per share.

  • UPDATE 1-What's behind the global stock market selloff? Thursday, 11 Feb 2016 | 4:22 PM ET

    NEW YORK, Feb 11- Global stock markets are on their shakiest footing in years. In addition to the fall in U.S. stock markets, major stock indexes worldwide have also been hit hard, despite efforts by the Bank of Japan and the European Central Bank to spur growth through lower interest rates. With Thursday's decline, the S&P 500 stock index has lost 10.5 percent so far in...

  • What's behind the global stock market selloff? Thursday, 11 Feb 2016 | 1:25 PM ET

    NEW YORK, Feb 11- Global stock markets are on their shakiest footing in years. In addition to the selling in the United States, major stock indexes worldwide have also been hit hard, despite efforts by the Bank of Japan and the European Central Bank to spur growth through lower interest rates. "One of the new themes in markets is that has damaged the banks and that...

  • AGL Resources posts 4Q profit Thursday, 11 Feb 2016 | 9:22 AM ET

    ATLANTA _ AGL Resources Inc. on Thursday reported fourth-quarter profit of $107 million. The Atlanta- based company said it had net income of 89 cents per share. AGL Resources shares have climbed 1.5 percent since the beginning of the year, while the Standard& Poor's 500 index has declined slightly more than 9 percent.

  • Coca-Cola Enterprises beats 4Q profit forecasts Thursday, 11 Feb 2016 | 7:39 AM ET

    ATLANTA— Coca-Cola Enterprises Inc. on Thursday reported fourth-quarter net income of $156 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share. Coca-Cola Enterprises shares have decreased slightly more than 3 percent since the beginning of the year, while the Standard& Poor's 500 index...

  • Cousins Properties reports 4Q results Wednesday, 10 Feb 2016 | 6:21 PM ET

    ATLANTA _ Cousins Properties Inc. on Wednesday reported a key measure of profitability in its fourth quarter. The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 21 cents per share. Five analysts surveyed by Zacks expected $96.1 million.

  • NEW YORK, Feb 10- Most U.S. shares ended little changed to lower on Wednesday, erasing early gains on concerns about global growth and sliding commodity-related shares, while greater calm surrounding the European banking sector boosted that region's shares. S&P 500 stock index rose as much as 1.6 percent following Federal Reserve Chair Janet Yellen's...

  • Equifax tops Street 4Q forecasts Wednesday, 10 Feb 2016 | 4:54 PM ET

    ATLANTA _ Equifax Inc. on Wednesday reported fourth-quarter earnings of $111.9 million. Six analysts surveyed by Zacks expected $662.8 million. For the current quarter ending in April, Equifax expects its per-share earnings to range from $1.14 to $1.16.

  • NEW YORK— Prosecutors have upgraded charges in a gun trafficking case in which they allege at least two Delta Air Lines employees helped take guns on commercial flights in carry-on luggage from Georgia to New York. Brooklyn District Attorney Kenneth Thompson says five people have been charged. Atlanta- based Delta Air Lines Inc. has said it cooperated with the...

  • Feb 9- The new chief executive officer of Spirit Airlines Inc said on Tuesday he wants to make the U.S. budget carrier more reliable and somewhat slow its growth in flight capacity. Shares shot up as much as 10 percent Tuesday following CEO Bob Fornaro's comments, but are off more than 40 percent in the last 52 weeks. Analysts have speculated that a tie-up with...

  • Global volume up for Coke, though Diet Coke fizzles Tuesday, 9 Feb 2016 | 7:03 AM ET

    ATLANTA— Coca-Cola's global soda volume rose in the fourth quarter, even as Diet Coke continued to suffer declines. "Some of it may be cannibalization," said Chief Financial Officer Kathy Waller in a phone interview. James Quincey, Coke's president and chief operating officer, noted during a call with analysts that diet and light sodas are outperforming regular...

  • Graphic Packaging beats 4Q profit forecasts Tuesday, 9 Feb 2016 | 6:45 AM ET

    ATLANTA _ Graphic Packaging Holding Co. on Tuesday reported fourth-quarter profit of $57.2 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share. Graphic Packaging shares have declined 13 percent since the beginning of the year.

  • MIAMI— Federal transportation officials might soon be looking into a Royal Caribbean cruise ship that ran into high winds and rough seas in the Atlantic Ocean over the weekend. Bill Nelson has called for the National Transportation Safety Board to investigate the voyage that forced frightened passengers into their cabins overnight Sunday as their...

  • 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...