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Top News & Analysis Georgia

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  • LIVE OAK, Fla.— The towering grove of century-old longleaf pines surrounding Roger Ward's family home is a rare site in this verdant swath of north-central Florida— most pines here are cut and processed for profit as soon as their 15- to-18-year growth cycle is complete. The demand for timber worldwide is booming and this remote section of Florida, along with...

  • Mississippi Power Co. had announced in April that it would buy power from a twin 52 megawatt-facility that Origis, based on the Mediterranean island of Cyprus, plans at the Lamar County site. When the Mississippi Power facility was announced, officials said it would cost $102 million. For example, Origis built three solar sites in Georgia with 24.5 megawatts of...

  • PHILADELPHIA— Three people were charged Thursday with running a $54 million Ponzi scheme built on promises of a green energy technology that would turn trash into fuel and "carbon-negative" housing developments, neither of which were ever fully developed, federal prosecutors said. Troy Wragg, 34, of Georgia; Amanda Knorr, 32, of Pennsylvania; and Wayde McKelvy,...

  • RPT-U.S. ethanol industry sputters on cheap gas prices Thursday, 3 Sep 2015 | 7:00 AM ET

    CHICAGO/ NEW YORK, Sept 2- The closure of two ethanol plants this week and proposed sale of a third highlight the growing challenges faced by small producers located far from cheap feedstock supplies in the U.S. The biggest producers such as No. 1 Archer Daniels Midland Co and Green Plains Inc said they have benefited this summer from better-than-expected fuel...

  • NEWARK, N.J., Sept 2- A man charged over his alleged role in a more than $100 million insider trading scheme that involved hacking into networks that distribute corporate news releases pleaded not guilty on Wednesday. Arkadiy Dubovoy, who spoke Russian and used an interpreter, entered his plea to securities fraud, wire fraud and conspiracy charges in a brief...

  • CHARLESTON, South Carolina, Sept 2- Construction costs for two new nuclear reactors in South Carolina will go up almost $700 million in 2007 dollars and completion of the plants will be delayed three years, according to a settlement agreement approved on Wednesday by the South Carolina Public Service Commission. After the vote, SCANA Corp, parent company of the...

  • NEWARK, N.J., Sept 2- A man charged over his alleged role in a more than $100 million insider trading scheme that involved hacking into networks that distribute corporate news releases pleaded not guilty on Wednesday. Igor Dubovoy last week was unable to meet a $3 million bond set by a federal judge in Atlanta before his case was moved to New Jersey.

  • Oxford Industries reports 2Q loss Wednesday, 2 Sep 2015 | 4:15 PM ET

    The owner of the Tommy Bahama, Lilly Pulitzer, Ben Sherman, Lanier Clothes and Ben Sherman clothing lines posted revenue of $250.7 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $252.1 million. For the current quarter ending in November, Oxford Industries expects its results to range from a loss of 15 cents...

  • Since the FDA doesn't have the legal authority to pull such a substance off the shelves, the agency has been building a case against those who are marketing it in bulk in an attempt to persuade them to stop. Last summer, the FDA warned consumers to avoid pure powdered caffeine. A teaspoon of pure powdered caffeine is roughly equivalent to 28 cups of coffee, according...

  • CINCINNATI— The new leader of the Frisch's Restaurants chain wants to flex Big Boy's brand muscle with franchise expansion, new restaurant shapes and sizes, menu and beverage additions, and doing more to court younger customers. Atlanta- based NRD Capital has taken over after shareholder approval last week of its $175 million acquisition that ended family...

  • Algae drives down property values on Lake Champlain Saturday, 29 Aug 2015 | 11:24 AM ET

    GEORGIA, Vt.— The two cottages on the shore of Lake Champlain will someday be passed down to her children but Enid Letourneau worries the algae that turns the shoreline pea-soup green each August means they won't amount to much of an inheritance. The algae, which can be toxic to humans and dogs, prompted the town of Georgia to reduce the property values $50,000 each...

  • EPA: Clean water rule in effect despite court ruling Friday, 28 Aug 2015 | 2:37 PM ET

    The EPA says the rule, which took effect Friday in more than three dozen states, will safeguard drinking water for millions of Americans. The House has ignored a White House veto threat and passed a bill to block it, and a Senate committee has passed a measure that would force the EPA to withdraw and rewrite it. The senators— two Democrats and two Republicans— said in an...

  • American Software posts 1Q profit Thursday, 27 Aug 2015 | 4:45 PM ET

    ATLANTA _ American Software Inc. on Thursday reported fiscal first-quarter earnings of $2.6 million. American Software shares have dropped almost 8 percent since the beginning of the year. Keywords: American Software, Earnings Report.

  • Bimbo Bakeries recalls bread sold in 11 states Wednesday, 26 Aug 2015 | 6:44 PM ET

    NEW YORK— The maker of Sara Lee, Nature's Harvest and other brands is recalling about 48,000 packages of bread sold in 11 states because they may contain fragments of glass from a broken light bulb at a company factory. The recall covers seven different Sara Lee products, two each sold under the Nature's Harvest and Great Value brands, and one each for the Kroger,...

  • Airfare deals pop up as airlines wage limited fare wars Wednesday, 26 Aug 2015 | 12:46 PM ET

    Don't expect widespread sales or cheap flights home for Thanksgiving. Fliers have been able to fly Chicago to Boston for $80 roundtrip, San Francisco to Las Vegas for $67 roundtrip and New York to Los Angeles, with a connection, for $150 roundtrip. "This is the big break consumers have been waiting for in response to lower fuel prices," says Seth Kaplan, managing...

  • Burger King to McDonald's: Let's make a McWhopper Wednesday, 26 Aug 2015 | 8:31 AM ET

    NEW YORK— This probably isn't what the United Nations had in mind when it established the International Day of Peace: Burger King is asking McDonald's to join forces to create a "McWhopper." Burger King says it wants to serve the concoction for a single day at a popup location in Atlanta, a midway point between the headquarters of the two chains.

  • Urban areas where commuters endure the most extra hours Wednesday, 26 Aug 2015 | 12:01 AM ET

    Traffic congestion nationally reached a new peak last year and is greater than ever before, according to a report by the Texas A&M Transportation Institute and INRIX Inc. Their analysis is based on federal data on the number of cars on the road and on traffic speed data collected by INRIX on 1.3 million miles of urban streets and highways. 1. Washington, D.C.-...

  • The lawsuits were filed between last month and Monday by Ashley Madison users in California, Texas, Missouri, Georgia, Tennessee and Minnesota. "Needless to say, this dumping of sensitive personal and financial information is bound to have catastrophic effects on the lives of the website's users," according to a lawsuit filed Friday on behalf of an anonymous Los...

  • District Judge Rudolph Randa in Milwaukee that it lacked jurisdiction to hear former CEO Laurie Bebo's constitutional challenge to the SEC administrative case against her until the regulator's proceedings have concluded. SEC spokesman John Nester declined to comment. They have halted SEC administrative proceedings on the grounds that the appointment...

  • Fed Up group plans counter Jackson Hole conference Monday, 24 Aug 2015 | 4:28 PM ET

    WASHINGTON— Federal Reserve Chair Janet Yellen may be skipping this year's annual gathering of central bank policymakers in Wyoming, but a group of demonstrators will be making their second appearance at the elite gathering. The Fed Up coalition, made up of community activist groups, has rented a conference room in the same hotel where the Kansas City Federal...