Top News & Analysis Georgia

More

  • "The low oil price environment continues to pressure our energy clients, which contributed to the increase in non-performing loans, our reserves and provision expense," William Rogers, chief executive of Atlanta- based SunTrust said on a post-earnings call on Friday. Dallas- based Comerica said this week its energy loans accounted for about 6 percent of its...

  • April 22- SecureWorks Corp's lackluster debut on Friday hardly registered as a victory for the battered technology IPO market, as the cyber unit of Dell Inc raised less than the company had sought in its public offering and saw its stock price dip. SecureWorks shares opened at $13.89 on Friday, below the $14 per-share price set Thursday. Hope for a popping...

  • April 22 (Reuters)- Shares of Dell Inc's cyber unit SecureWorks Corp were little changed in their debut on Friday after an initial public offering raised less than the company had sought amid concerns about the outlook for technology stocks. SecureWorks shares opened at $13.89 on Friday, rising as high as $14.58 after trading at a low of $13.40 on the Nasdaq.

  • April 22- Shares of Dell Inc's cyber security unit SecureWorks Corp fell as much as 4.3 percent in their debut on Friday, valuing the company at a little over $1 billion. SecureWorks's initial public offering, the first by a technology company in the United States this year, was priced at $14, below its indicated range of $15.50- $17.50. SecureWorks shares opened at...

  • MOULTRIE, Ga. _ Ameris Bancorp on Friday reported first-quarter net income of $12.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share. Ameris Bancorp shares have declined slightly more than 8 percent since the beginning of the year.

  • ATLANTA _ SunTrust Banks Inc. on Friday reported first-quarter earnings of $447 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share. Seven analysts surveyed by Zacks expected $2.04 billion.

  • ATLANTA _ Fidelity Southern Corp. on Thursday reported first-quarter net income of $4.5 million. Fidelity Southern shares have decreased 22 percent since the beginning of the year. Keywords: Fidelity Southern, Earnings Report.

  • FITZGERALD, Ga. _ Colony Bankcorp Inc. on Thursday reported first-quarter net income of $2.1 million. Colony Bankcorp shares have declined 1 percent since the beginning of the year. Keywords: Colony Bankcorp, Earnings Report.

  • NEW YORK— PulteGroup Inc. reported a 51 percent jump in first-quarter profit as on an increase in both home sales and sales prices. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share. Four analysts surveyed by Zacks expected $1.36 billion.

  • A U.S. District Court judge in Atlanta handed down prison sentences of nine and a half years to Aleksandr Panin, 27, of Russia and 15 years to Hamza Bendelladj, 27, of Algeria, the department said in a statement. "Until dismantled by the FBI, SpyEye was the preeminent malware banking Trojan from 2010-2012, used by a global syndicate of cybercriminals to infect over...

  • NEW YORK, April 20- Oil prices jumped on Wednesday as government data showed U.S. crude stocks rose slightly less than expected last week, while the U.S. dollar advanced against the euro ahead of Thursday's European Central Bank meeting. Moscow, however, denied media reports that Russia planned to host such a meeting. Last weekend, Russia and OPEC nations failed to...

  • Hamza Bendelladj, an Algerian who used the online alias "Bx1," was sentenced Wednesday afternoon in federal court in Atlanta. Prosecutors say SpyEye was the pre-eminent malware from 2010 to 2012 and was used to infect more than 50 million computers and cause nearly $1 billion in damage. Aleksandr Andreevich Panin, also known by the online aliases "Gribodemon" and "...

  • NEW YORK— Coca-Cola saw the popularity of its namesake sodas decline in key markets around the world during the first quarter, reflecting a mix of changing tastes, challenging economic conditions and a shifting business strategy. The world's biggest beverage maker said Wednesday that sales volume for sodas like Diet Coke and Cherry Coke that bear its name...

  • *S&P 500 Q1 earnings seen down over 7 pct. *Coca-Cola sinks as quarterly sales drop. April 20- Wall Street ended less than 2 percent short of a record-high close on Wednesday as a rebound in oil prices added to optimism sparked by a raft of earnings reports.

  • ATLANTA— The Russian creator of a computer program that enabled cybercriminals to infect millions of computers and drain bank accounts in multiple countries was sentenced Wednesday to serve 9 ½ years in federal prison. He created SpyEye, which prosecutor Steven Grimberg said was a pre-eminent malware from 2010 to 2012 and was used to infect more than 50...

  • *S&P 500 Q1 earnings seen down over 7 pct. *Coca-Cola sinks as quarterly sales drop. April 20- Wall Street was just 1 percent short of a record-high close on Wednesday as a rebound in oil prices added to optimism sparked by a raft of earnings reports that beat low expectations.

  • WASHINGTON— The Senate has approved Washington lawyer Michael Missal as the new chief watchdog at the troubled Department of Veterans Affairs. The chairman of the Senate veterans panel, Republican Sen. Johnny Isakson of Georgia, said he looked forward to working with Missal to "root out the problems and hold bad actors at the VA accountable" for chronic health...

  • STOCKHOLM, April 20- Swedish construction company Skanska plans to expand its commercial property development business in the United States, betting interest rates won't rise fast enough to dent strong investor demand for high-yielding real estate. Skanska's U.S. chief Richard Cavallaro said the company's goal this year was to identify which U.S. cities...

  • NEW YORK— That drone flying around a suburban house might not belong to a wannabe pilot— it may be a tool that's become indispensable for a small business. Mark Stoner's chimney repair company uses them to assess the work a potential customer needs without rigging a scaffold or having a worker climb onto a sharply-angled roof. "We started using them in dangerous or...

  • Businesswoman with rainbow-patterned top

    North Carolina business leaders called for a repeal of a new state law they blamed for mounting economic losses.