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Top News & Analysis Georgia

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  • July 15- Kinder Morgan Inc said it would buy the 49 percent stake that it does not already own in natural gas joint venture Elba Liquefaction Co from Royal Dutch Shell Plc, and it raised its dividend. Kinder Morgan said it expects to invest $630 million in Elba terminals, bringing its total investment in the project near Savannah, Georgia to $2.1 billion.

  • "Reports continued to reflect decreases in oil and natural gas drilling activity in Cleveland, Minneapolis, Kansas City, and Dallas," the Fed said. "Reports of capital spending declines continued in Cleveland, Atlanta, and Dallas, resulting in some labor cutbacks in Atlanta and Dallas." It said heavy machinery manufacturers in Chicago noted weak demand from the oil...

  • NEW YORK, July 15- The U.S. Equal Employment Opportunity Commission has sued United Parcel Service Inc, accusing the world's largest package delivery company of discriminating against male workers and job applicants who wore beards or long hair because of their religion. In a complaint filed on Wednesday in the Brooklyn, New York, federal court, the EEOC said UPS...

  • UPDATE 1-U.S. agency sues UPS for religious discrimination Wednesday, 15 Jul 2015 | 12:37 PM ET

    NEW YORK, July 15- The U.S. Equal Employment Opportunity Commission has sued United Parcel Service Inc, accusing the world's largest package delivery company of discriminating against male employees who wore beards or long hair because of their religion. The lawsuit was filed 1-1/ 2 months after the U.S. Supreme Court revived a discrimination lawsuit against...

  • July 15- Delta Air Lines Inc on Wednesday reported that second-quarter profit jumped 85 percent, topping expectations, but forecast a third-quarter drop in unit revenue as the carrier continued to see weaker demand abroad due to the strong U.S. dollar. The Atlanta- based airline earned $1.49 billion in the last quarter versus $801 million a year ago.

  • NEW YORK July 15- Horace Augustine was raised in Oklahoma City by a mother with strong convictions about guns: She didn't want them in her house. Augustine began thinking last year that he should buy a gun for protection, and the shooting last month at the Emanuel African Methodist Episcopal Church in Charleston intensified his conviction.

  • July 15- Delta Air Lines Inc on Wednesday reported second-quarter profit that topped analysts' expectations but forecast a drop in unit revenue for the third quarter as the carrier continued to see weaker demand abroad due to the strong U.S. dollar. The Atlanta- based airline earned $1.49 billion in the last quarter. On an adjusted basis, profit was $1.03 billion,...

  • Congress approved a bill on July 9 that will allow U.S. exchanges to handle foreign-grown cotton at delivery points around the world. President Barack Obama still needs to sign the change, but the passage by Congress moves the global contract one step closer to launch. The contract will include cotton grown in the United States, Australia, Brazil, India, Benin,...

  • July 10- Delta Air Lines Inc's pilots have voted against a tentative agreement approved by their union and the airline's management, leaving the company without a new contract, the pilots union said Friday. Nearly 7,000 or 65 percent of voting pilots rejected the contract, according to Delta's Master Executive Council, a unit of the Air Line Pilots Association.

  • July 6- In the midst of moving from Atlanta to St. Louis last year, Thomas Nitzsche discovered his parked rental car had been hit by another car, causing $791 in damage. To keep costs low, he had rejected the "collision damage waiver" insurance offered by the rental car company, which can run as much as $45 a day and can include a deductible. It took three months or so for the...

  • July 3- About 5,000 residents evacuated after the derailment of a freight train carrying flammable and toxic gas in eastern Tennessee were allowed home on Friday as investigators looked into the cause of the fiery accident. Authorities were examining the black box from the CSX Corp train that derailed with one tank car bursting into flames at midnight...

  • July 3- Investigators on Friday were looking into what caused a freight train carrying flammable and toxic gas to derail and catch fire in Tennessee, forcing the day-long evacuation of 5,000 people, officials said. The flames that engulfed a car of the CSX Corp train in Blount County, near Maryville in eastern Tennessee, late Wednesday were extinguished by late...

  • NEW YORK, July 2- With analysts' expectations for second-quarter U.S. earnings at rock-bottom levels, many companies may well beat forecasts, possibly setting up the stock market for gains in the coming weeks. With Alcoa set to kick off results season next week, investors are eyeing a 3- percent projected drop in benchmark S&P 500 earnings from a year ago, which...

  • Reuters spoke to large U.S. money managers across several asset classes, and 15 of 21 said they expected Greek voters to answer yes to a question whether Athens should accept the proposal submitted by the European Commission, the European Central Bank and the International Monetary Fund on June 25. "Things will get increasingly dire in Greece as the week goes on...

  • YOUR MONEY-5 ways road-tripping families can save money Wednesday, 1 Jul 2015 | 9:29 AM ET

    NEW YORK, July 1- With four kids between the ages of 1 and 12, Loralee Leavitt is a cost-savings ninja when she hits the road. Leavitt, who hails from Kirkland, Washington, estimates that she has gone on more than 30 road trips with her growing family, logging over 60,000 miles, to places like Utah, Colorado, Arizona and California. Their piece de resistance: A trip to...

  • District Judge Ronnie Abrams in Manhattan dismissed Tilton's lawsuit against the SEC, saying the head of Patriarch Partners lacked power to stop the agency from pursuing its case against her and her private equity firm in its in-house court. The judge said Congress designated the SEC and then a federal appeals court as the "exclusive avenue of review" of an...

  • As Christie eyes White House, New Jersey wants jobs Tuesday, 30 Jun 2015 | 11:32 AM ET

    NEW YORK, June 30- New Jersey Governor Chris Christie's second-in-command gave her pitch to a small crowd at a Philadelphia biotechnology convention in June with her signature move: giving out her cell phone number. "Now, no one from New Jersey! I want the guys that aren't already here in New Jersey. "

  • BEIJING, June 29- China will hold over a quarter of the votes in the new Asian Infrastructure Investment Bank, its finance ministry said on Monday, giving it a veto in some key decisions despite Beijing insisting it will not have such powers. Delegates from 57 countries gathered in Beijing to witness the signing of the articles of agreement for the Chinese-led...

  • SAN FRANCISCO, June 26- Anxiety about Greece and uncertainty about the timing of higher U.S. interest rates may keep Wall Street on edge early next week, but one ray of hope for investors could be an unusually long streak of ambivalence on Main Street. "The market climbs a wall of worry and if there's some bearishness out there it means there's potential buying power...

  • CHICAGO, June 24- A merger between Dutch supermarket Ahold and Belgian rival Delhaize will be a boon for U.S. online grocer Peapod, an Ahold unit which will gain valuable resources to fend off rival Amazon.com and upstart competitors, according to retail industry consultants. Access to Delhaize's efficient and low-cost distribution centers in the east and its...