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  • 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.

  • 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.

  • 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.

  • End of the line for returnable Coca-Cola bottle Wednesday, 10 Oct 2012 | 4:35 PM ET

    A small Coke bottler in Minnesota says it's stopping production of the bottles, which customers could return to get back a 20- cent deposit. The company in Winona, Minn., had been refilling the returnable bottles since 1932 but said it no longer makes business sense to continue doing so.

  • FedEx details major cost-cutting plan Wednesday, 10 Oct 2012 | 4:22 PM ET

    NEW YORK-- FedEx Corp., the world's second-largest package delivery company, on Wednesday detailed its plan to boost profit by $1.7 billion annually by shedding jobs, aircraft and underused assets. FedEx aims to reach that goal within three years through cost cuts and efficiency improvements.

  • News Summary: Final run for historic Coke bottle Wednesday, 10 Oct 2012 | 4:03 PM ET

    NEW YORK-- DRINK UP: A small Coke bottler in Minnesota says it will no longer make the 6.5- ounce returnable, glass bottles it had been making since 1932.. The Coca-Cola Co. notes that its 8- ounce recyclable glass bottles are nearly identical and still widely available.

  • Final run for 6.5-ounce returnable Coke bottle Wednesday, 10 Oct 2012 | 3:12 PM ET

    A small Coke bottler in Minnesota says it's stopping production of the bottles, which customers could return to get back a 20- cent deposit. The company in Winona, Minn., had been refilling the returnable bottles since 1932 but said it no longer makes business sense to continue doing so.

  • Fed: Housing lifts growth in most US regions Wednesday, 10 Oct 2012 | 2:22 PM ET

    WASHINGTON-- Stronger housing markets helped boost economic growth at the end of the summer in nearly every region of the United States, according to a Federal Reserve survey released Wednesday. The Fed said growth improved in 10 of its 12 regional banking districts from mid-August through September, while leveling off in one region and slowing in another.

  • Analyst downgrades Home Depot after strong gains Wednesday, 10 Oct 2012 | 11:33 AM ET

    NEW YORK-- Home Depot, the largest U.S. home-improvement retailer, should benefit substantially from the expected housing market recovery, according to an Oppenheimer analyst. But until the recovery starts to gain traction, Home Depot's shares are expected to trade sideways, the analyst said Wednesday, and downgraded the stock.

  • Investors get 1st look at big FedEx cost cut plan Wednesday, 10 Oct 2012 | 8:46 AM ET

    NEW YORK-- Investors are driving up shares of FedEx Corp. after the world's second-largest package delivery company promised to boost profits by shedding jobs, aircraft and underused assets. FedEx plans to boost profit by $1.7 billion within three years. Express is where FedEx got its start in 1971, and is still the company's biggest segment by far.

  • Could pepperoni spoil presidential debate? Wednesday, 10 Oct 2012 | 6:14 AM ET

    Pizza Hut is offering a lifetime of free pizza _ one large pie a week for 30 years _ or a check for $15,600 to anyone who poses the question to either President Barack Obama or Republican candidate Mitt Romney during the live Town Hall- style debate next Tuesday.

  • --Atlanta- based industrial distributor HD Supply Inc. is offering $750 million of new senior unsecured notes and we expect it to use the proceeds to redeem a portion of its outstanding subordinated notes due 2015.. Rating Action On Oct. 9, 2012, Standard& Poor's Ratings Services affirmed all its ratings on HD Supply Inc., including its' B' corporate credit rating.

  • *Lawmakers call for stronger FDA role. *Supreme Court may have to settle legal questions. Democratic lawmakers said the new crisis showed it was time for Congress to strengthen the FDA's hand in overseeing this side of the drug industry.

  • Oct 8- Members of the machinists union went on strike at the Bombardier Inc Learjet facility in Wichita, Kansas, on Monday after rejecting a contract offer that would raise healthcare costs.

  • Oct 8- An outage that cut phone and data service to Sprint customers in parts of California, Oregon and Washington also grounded some Alaska Airlines passengers on Monday as it knocked the air carrier's reservations system off line.

  • Oct 8- An outage that cut phone and data service to Sprint customers in parts of California, Oregon and Washington also grounded some Alaska Airlines passengers on Monday as it knocked the air carrier's reservations system off line.

  • United Continental posts lower September traffic Monday, 8 Oct 2012 | 5:05 PM ET

    Oct 8- United Continental Holdings on Monday reported lower traffic for September as fewer passengers boarded its planes, and said a widely watched measure of revenue performance fell.

  • Oxford Industries CEO to retire, Chubb takes seat Monday, 8 Oct 2012 | 5:01 PM ET

    ATLANTA-- Oxford Industries Inc. said Monday that J. Hicks Lanier, CEO of the clothing company, is retiring at the end of the year. Oxford said that Thomas Chubb III, president and a current member of the board, has been named CEO and president of the company beginning Jan. 1. Oxford, based in Atlanta, owns clothing brands such as Tommy Bahama and Lilly Pulitzer.

  • Fitch puts Ocwen on review for downgrade Monday, 8 Oct 2012 | 4:34 PM ET

    NEW YORK-- Fitch Ratings has put Ocwen Financial Corp. on watch for a possible downgrade after the company announced plans to buy Homeward Residential Holdings Inc.. Ocwen is paying $588 million in cash and $162 million in convertible preferred stock for Homeward. Shares of Atlanta- based Ocwen fell 47 cents, or 1.3 percent, to close at $36.28 Monday.