Top News & Analysis Georgia


  • Jasper port opening could be later than projected Monday, 15 Oct 2012 | 5:46 PM ET

    CHARLESTON, S.C.-- A $5 billion Savannah River container ship terminal planned since before the Great Recession may not be needed as early as projected because of the world economic slowdown.

  • Jasper Terminal board meeting in Charleston Monday, 15 Oct 2012 | 3:32 PM ET

    CHARLESTON, S.C.-- The two-state board working to build a $5 billion steamship terminal on the South Carolina side of the Savannah River is meeting in Charleston. The Georgia- South Carolina board working to develop the Jasper Ocean Terminal meets Monday at the South Carolina State Ports Authority.

  • US court panel upholds ruling against Fla. tribe Monday, 15 Oct 2012 | 2:22 PM ET

    A three-judge panel of the 11th U.S. Circuit Court of Appeals ruled that the IRS can subpoena banks for the records, despite the Miccosukee tribe's claims that it is protected by sovereign immunity.

  • TEXT-Fitch cuts 9 classes of ML-CFC 2006-1 Friday, 12 Oct 2012 | 4:33 PM ET

    Oct 12- Fitch Ratings downgrades nine classes and affirms five classes of ML-CFC Commercial Mortgage Trust, series 2006-1. A detailed list of rating actions follows at the end of this press release. As of the September 2012 distribution date, the pool's aggregate principal balance has decreased 38.2% to $1.32 billion from $2.14 billion at issuance.

  • NEW YORK/ WASHINGTON, Oct 12- U.S. regulators brought last-minute relief to CME Group Inc and big energy traders on Friday, delaying new rules on tallying certain kinds of commodity swap trades until the year-end.

  • Protesters set up camp at retired detective's home Friday, 12 Oct 2012 | 3:05 PM ET

    A Thursday bankruptcy court hearing involving retired Atlanta police Detective Jaqueline Barber's home in Fayetteville did not go her way, said Tim Franzen, a leader of Occupy Our Homes ATL. Franzen said more than 30 people were camped out in the yard on Friday, and several of the officers who worked with Barber on the Atlanta force joined the effort.

  • *USDA report most bearish since 1970 s- Knight Futures. NEW YORK, Oct 12- Cotton futures in New York were higher on Friday tentatively recovering some ground lost on Thursday when the U.S. government published what some traders said was the bleakest crop report in decades.

  • Coca-Cola's 3Q should show shifting trends Friday, 12 Oct 2012 | 8:15 AM ET

    NEW YORK-- The Coca-Cola Co. should give investors a snapshot of the ever-shifting geographic and product mixes that are fueling growth for the world's biggest beverage maker when it reports its third quarter results Tuesday. WHY IT MATTERS: Coca-Cola sells its products in nearly every corner of the globe _ Cuba and North Korea are the exceptions.

  • TEXT-S&P cuts Insight Global to 'B' Thursday, 11 Oct 2012 | 5:13 PM ET

    --Holding company IG Investments Holdings LLC is putting in place a $300 million first-lien term loan and a $130 second-lien term loan to help fund Ares Corporate Opportunities Fund III L.P.' s leveraged acquisition of Insight Global Inc. and repayment of its existing debt.

  • --Kennesaw, Ga.- based Brand Energy& Infrastructure Services plans to issue a new $325 million senior secured second-lien credit facility. --We are assigning our issue-level rating of' CCC+' to the company's proposed $325 million second-lien term loan facility.

  • NY cotton tumbles as USDA hikes global stock estimate Thursday, 11 Oct 2012 | 4:22 PM ET

    *USDA hikes global ending stocks for 3rd month. NEW YORK, Oct 11- Cotton futures in New York fell their most in three weeks on Thursday after the U.S. Department of Agriculture raised its 2012/ 13 global ending stocks forecast for the fiber to a record high for a third consecutive month.

  • Where have 'Today' show viewers gone? Thursday, 11 Oct 2012 | 11:45 AM ET

    When the stay-at-home mom and her family visited New York from their home in Germantown, Md., they joined the crowd of fans outside the NBC morning show's Rockefeller Center studio.

  • Ga. labor dept. helps match job seekers, employers Thursday, 11 Oct 2012 | 9:57 AM ET

    ATLANTA-- The Georgia Department of Labor is teaming up with business and community leaders in two northwest Georgia counties to try to help job seekers get matched up with employers looking to fill vacant positions.

  • Oct 11- Cotton prices extended losses in early trade on Thursday after the U.S. government raised its inventory forecast for the season to end-July 2013 to a new record of close to 80 million 480- lb bales, reinforcing concerns about falling demand from China, the world's largest textile market.

  • Zep 4Q profit rises 79 pct despite sales drop Thursday, 11 Oct 2012 | 9:17 AM ET

    ATLANTA-- Zep Inc., which makes cleaners, pest and weed control products and disinfectants, said Thursday that its fiscal fourth-quarter net income jumped 79 percent despite a drop in revenue. For the quarter ended Aug. 31, the Atlanta- based company earned $7.3 million, or 33 cents per share, up from $4.1 million, or 18 cents per share, in the same quarter last year.

  • *To consolidate Connecticut- based operations in Atlanta, georgia. *Says expect to incur pre-tax charges of $35 to $40 million over the next 12 to 18 months. *Says is evaluating its long-term space needs in the Atlanta area.

  • Teachers make money selling materials online Thursday, 11 Oct 2012 | 5:03 AM ET

    SEATTLE-- Kristine Nannini spent her summer creating wall charts and student data sheets for her fifth grade class _ and making $24,000 online by selling those same materials to other teachers.

  • Oct 11- The U.S. Department of Agriculture has raised its 2012/ 13 global ending stock forecast for cotton to record highs for a third consecutive month, sending prices down and reinforcing concerns about weakening demand from China, the world's largest textile market.

  • US foreclosure filings hit 5-year low in September Thursday, 11 Oct 2012 | 12:14 AM ET

    It was the second-consecutive monthly decline in filings, although there remains a sharp divergence along state lines, according to a report Thursday by foreclosure listing firm RealtyTrac Inc..

  • Highlights from the Fed's US economic survey Wednesday, 10 Oct 2012 | 4:56 PM ET

    WASHINGTON-- A Federal Reserve survey released Wednesday found that the economy grew modestly in the late summer, bolstered by solid gains in housing. The report is based on anecdotal information from the regional districts and covers the period from mid-August to Sept. 28. The region's economy expanded modestly.