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  • Oct 24- Ocwen Financial Corp said it was hiring an independent firm to investigate how the mortgage servicer had sent backdated letters to borrowers about loan modifications and foreclosures and the reason for the delay in fixing the issue. Hundreds of thousands of borrowers facing foreclosure may have been harmed after they received letters from Ocwen...

  • Hacker gets prison for cyberattack stealing $9.4M Friday, 24 Oct 2014 | 1:55 PM ET

    Sergei Nicolaevich Tsurikov, 30, was sentenced earlier in the week in an Atlanta federal court. Prosecutors said Tsurikov, of Tallinn, Estonia, and others hacked the Royal Bank of Scotland Group in Atlanta in November 2008. In August 2010, authorities brought Tsurikov from Estonia to Atlanta to face arraignment on fraud charges.

  • Fitch upgrades Delta's credit rating Friday, 24 Oct 2014 | 1:36 PM ET

    CHICAGO— Fitch is upgrading Delta's credit rating, citing its improved balance sheet, solid operating performance and better-than-expected free cash flow. Fitch boosted Delta Air Lines Inc.' s issuer default rating one notch in junk status to "BB" from "BB-." The Atlanta company's stock added $1.11, or 2.9 percent, to $39.03 in Friday afternoon trading.

  • CHICAGO, Oct 24- United Parcel Service Inc may charge major customers more for a surge in late, unplanned packages or turn down the business if it threatens disruptions during the peak holiday season, a top executive said on Friday, trying to avoid a repeat of last year's delivery meltdown. UPS and main rival FedEx Corp, both considered U.S. economic bellwethers, are...

  • CHICAGO, Oct 24- Robust U.S. consumer and business demand plus strong growth in Asia drove a higher-than-expected quarterly profit at package delivery company United Parcel Service Inc and its top executive said that after a challenging holiday period last year the firm is ready for the 2014 peak season. UPS, the world's largest shipping company, and its main...

  • CHICAGO, Oct 24- Robust U.S. consumer and business demand plus strong growth in Asia drove a higher-than-expected quarterly profit at package delivery company United Parcel Service Inc.. Atlanta- based UPS also confirmed its full-year profit outlook, predicting earnings per share of between $4.90 to $5.00. UPS posted revenue of $14.29 billion for the quarter,...

  • UPS expects double-digit surge in Dec shipments Friday, 24 Oct 2014 | 8:09 AM ET

    UPS also reported third-quarter earnings of $1.32 per share on revenue of $14.29 billion. That exceeded the expectations of analysts surveyed by Zacks Investment Research, who predicted earnings of $1.28 per share on revenue of $14.2 billion. The stock rose $1.22 to $101.70 before the market open.

  • CHICAGO, Oct 24- United Parcel Service Inc reported a better-than-expected quarterly profit on Friday, driven by growing demand, improving margins in the United States and strong growth in Asia and Europe. UPS, the world's largest shipping company, reported earnings per share of $1.32, up 14 percent from $1.16 a year earlier. Atlanta- based UPS posted revenue of...

  • UPS beats Street 3Q forecasts Friday, 24 Oct 2014 | 7:57 AM ET

    ATLANTA _ United Parcel Service Inc. on Friday reported third-quarter earnings of $1.21 billion. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share. Analysts expected $14.2 billion, according to Zacks.

  • Aaron's beats Street 3Q forecasts Friday, 24 Oct 2014 | 7:24 AM ET

    ATLANTA _ Aaron's Inc. on Friday reported earnings of $9.3 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share. Analysts expected $695.5 million, according to Zacks.

  • Premiere Global posts 3Q profit Thursday, 23 Oct 2014 | 7:55 PM ET

    ATLANTA _ Premiere Global Services Inc. on Thursday reported net income of $2.5 million in its third quarter. On a per-share basis, the Atlanta- based company said it had net income of 6 cents. Premiere Global expects full-year earnings in the range of 87 cents to 88 cents per share, with revenue in the range of $568 million to $571 million.

  • Coke names new marketing chief amid struggles Thursday, 23 Oct 2014 | 10:41 AM ET

    NEW YORK— Coca-Cola is replacing its chief marketing officer as the world's biggest beverage maker fights to boost flat soda sales. The Atlanta- based company says Marcos De Quinto, a company veteran, will replace Joe Tripodi starting Jan. 1. In announcing plans to boost its marketing budget, Coca-Cola CEO Muhtar Kent has noted that "our business responds to...

  • Coca-Cola Ent. tops 3Q earnings expectations Thursday, 23 Oct 2014 | 8:00 AM ET

    ATLANTA— ATLANTA— Coca-Cola Enterprises Inc. on Thursday reported third-quarter net income of $238 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share. Analysts expected $2.22 billion, according to Zacks.

  • US journalist returns home after Ebola recovery Thursday, 23 Oct 2014 | 7:14 AM ET

    OMAHA, Neb.— An American video journalist who recovered from Ebola at an Omaha hospital left the facility Wednesday afternoon and is heading home to Rhode Island, a hospital spokesman said. Ashoka Mukpo, who contracted the virus while working in Liberia as a freelance cameraman for NBC and other media outlets, was released from the Nebraska Medical Center's...

  • PulteGroup tops 3Q earnings expectations Thursday, 23 Oct 2014 | 6:49 AM ET

    ATLANTA— PulteGroup Inc. on Thursday reported third-quarter net income of $140.5 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share. PulteGroup shares have fallen almost 6 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed slightly more than 4 percent.

  • Carter's beats 3Q profit forecasts Thursday, 23 Oct 2014 | 6:24 AM ET

    ATLANTA _ Carter's Inc. on Thursday reported net income of $65.9 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Interface reports 3Q loss Wednesday, 22 Oct 2014 | 5:57 PM ET

    ATLANTA _ Interface Inc. on Wednesday reported a third-quarter loss of $376,000. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 13 cents per share. Analysts expected $253.5 million, according to Zacks.

  • Equifax tops 3Q net income expectations Wednesday, 22 Oct 2014 | 4:51 PM ET

    ATLANTA _ Equifax Inc. on Wednesday reported third-quarter earnings of $92.7 million. Analysts expected $622.9 million, according to Zacks. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.04.

  • The top 20 US cities for tech startup funding Wednesday, 22 Oct 2014 | 1:44 PM ET

    About half of that funding went to San Francisco and Silicon Valley, according to the National Venture Capital Association. 1. San Francisco, $9.32 billion, 506 deals. 2. San Jose, California, $3.78 billion, 237 deals.

  • Ocwen skids further as Moody's downgrades credit Wednesday, 22 Oct 2014 | 11:33 AM ET

    NEW YORK— Shares of home loan servicing company Ocwen extended their slump Wednesday after Moody's Investors Service downgraded its credit. Atlanta- based Ocwen Financial Corp. is one of the largest home loan servicing companies in the U.S. Ocwen Financial Corp. said software errors in its correspondence system caused the problem.